Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe and Asia, in its efforts to bridge Africa’s yawning infrastructure gap. A news report from the African Press Organization (APO) […]
Ecobank Transnational Incorporated (ETI) (Ecobank), has signed a USD 250 million senior unsecured bridge-to-bond Loan Facility with the African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) acting as Global Coordinators and Initial Mandated Lead Arranger. A news report from the African Press Organization (APO) Group on the deal indicated that the loan facility aimed […]
Africa Finance Corporation (AFC) the continent’s leading instrumental infrastructure solutions provider, today signed an equity investment term sheet at the inaugural AMCE African Health Forum in Abuja, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The 500-bed medical health facility is currently being developed by […]
The Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has announced its signing of a US$350 million long-term line of credit with the African Development Bank (AfDB) to urgently provide the needed financing for infrastructure projects to underpin sustainable development and economic growth in the continent. The agreement, which was signed […]
Africa Finance Corporation (AFC), the continent’s leading infrastructure provider, and the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian mining-focused development fund, have partnered aimed at de-risking Nigeria’s mining sector and scaling up artisanal mining activities in the country to an industrial level. The strategic collaboration, which was formalized on Tuesday at the sidelines […]
The Nigeria Customs Service (NCS) has projected to generate $176 billion over the next 20 years through the implementation of ongoing e-Customs project. The Service’s Comptroller-General, Col. Hameed Ali (rtd) made this forecast on Monday during the signing of e-Customs Concession Agreement between the NCS, Africa Finance Corporation (AFC) and China’s Huawei Technologies Limited in […]
Africa Finance Corporation (AFC), Africa’s infrastructure financing organisation, has issued a $500 million 10-Year Eurobond for general corporate services. The Corporation in a statement indicated that the “senior, unsecured Eurobond, which carries a coupon of 3.75 percent, was priced to yield 3.895 percent for a tenor of 10 years, being the longest tenor bond issued […]