February 16, 2025

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Business is my step

Africa Finance Corporation Secures US$250 Million Capital Bank loan From US Government’s International Development Finance Company – Press Launch

3 min read

LAGOS, Nigeria–(Business Wire)–Africa Finance Corporation (“AFC” or “the Corporation”), the main infrastructure methods service provider in Africa, today announces it has properly secured a US$250 million tier-2 capital mortgage from U.S. Worldwide Growth Finance Corporation (DFC).

Fashioned in December 2019, DFC is the United States Government’s advancement lender founded with a lending capability of up to US$60 billion to offer financing for methods to some of the most vital challenges struggling with the building earth. DFC expanded and modernized the equipment of the Overseas Private Expenditure Company (OPIC).

The facility to AFC, which is made up of a US$250 million tier-2 capital mortgage, will bolster AFC’s expense potential by enabling it to offer competitive financing alternatives for closing Africa’s infrastructure deficit. It also even further enhances AFC’s method of diversifying its trader base.

Samaila Zubairu, President & CEO of Africa Finance Company, commented on the announcement: “Africa and the United States have appreciated a longstanding partnership spanning a number of decades. Indeed, AFC has partnered with the US on quite a few infrastructure initiatives, which include the Electric power Africa initiative, and frequently gets investments from US-based buyers in its Eurobond issuances.”

“This announcement consequently marks a natural evolution as the US Authorities seeks to enjoy a higher position in Africa’s enhancement by creating a focused DFI. Crucially, this funding will also be certain the Company is capable to go on fulfilling its goals in the wake of the ongoing COVID-19 pandemic, which has put a greater responsibility on progress finance establishments in helping to travel a sustainable restoration across Africa.”

Adam Boehler, CEO of DFC also commented on the announcement: “DFC is happy to broaden our connection with a key infrastructure investor in Africa. This financing advances DFC’s robust commitment to Africa by supporting financial investment in the fashionable infrastructure that is crucial to financial growth and expanded connectivity with the environment.

Finishes

Notes to Editors

About AFC – www.africafc.org

AFC, an expenditure quality multilateral finance institution, was established in 2007 with an fairness funds foundation of US$1.1 billion, to be the catalyst for personal sector-led infrastructure financial investment across Africa. With a existing harmony sheet of about US$6.6 billion, AFC is the second greatest financial commitment grade rated multilateral monetary institution in Africa with an A3/P2 (unfavorable outlook) ranking from Moody’s Investors Support. AFC effectively raised US$700 Million in 2020, US$1,150 billion (US$650 million and US$500 million) in 2019, US$500 million in 2017 and US$750 million in 2015 by way of Eurobond issuances out of its Board-accepted US$5 Billion Global Medium-Time period Notice (MTN) Programme. All Eurobond troubles were being oversubscribed and attracted traders from Asia, Europe and the United states.

AFC’s financial investment method combines professional marketplace skills with a aim on fiscal and technological advisory, undertaking structuring, venture advancement and danger cash to tackle Africa’s infrastructure enhancement requirements and drive sustainable financial growth. AFC invests in significant-quality infrastructure assets that offer critical companies in the core infrastructure sectors of electric power, natural methods, large business, transportation, and telecommunications. To day, the Company has invested over US$8.4billion in initiatives in just 35 nations around the world across Africa.

Abide by us on Twitter – @africa_finance

Lucy Savage

Senior Vice President, Communications

Tel: + 234 1 279 9600

E-mail: [email protected]

Bobby Morse / Augustine Chipungu

Buchanan

Tel: +44 20 7466 5000

Email: [email protected]

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