LONDON, United Kingdom, April 20/APO Group: Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the successful closing of a USD100 million, 5-year loan facility from the Export-Import Bank of India (India Exim Bank), further strengthening its long-standing partnership with the institution.
The facility, signed at AFC’s just concluded Investor Day in London, will help support AFC’s mandate to accelerate the development of critical infrastructure and industrial assets across Africa.
In an economic environment characterised by global market volatility and evolving investor dynamics, this transaction is strategically significant as it underscores AFC’s access to alternative liquidity pools beyond traditional capital markets, while also extending its tenor profile.
By securing medium-term funding from a key export credit institution such as India Exim, AFC continues to demonstrate its ability to deploy flexible, cost-efficient capital in support of high-impact projects across the continent.
This facility builds on an established relationship with the India Exim Bank, reflecting a shared commitment to advancing infrastructure development and economic cooperation between Africa and India.
The transaction adds to the successful US$100 million financing completed in 2021, reinforcing AFC’s commitment to diversifying its funding base while deepening strategic engagements with key Asian financial partners.
Executive Board Member and Head of Financial Services of AFC, Banji Fehintola, commented: “This facility is an important milestone in our long-standing partnership with India Exim Bank and reflects our shared commitment to advancing infrastructure development across Africa. Access to diversified and long-term capital is critical to delivering transformative projects on the continent, and AFC remains at the forefront, leveraging strategic collaborations with leading institutions to scale our impact and accelerate Africa’s industrialisation.”
As AFC continues to deepen its presence across global funding markets, it remains committed to strengthening partnerships and unlocking innovative sources of capital to advance its mandate.
