AFC said the facility builds on an established relationship with India Exim Bank, reflecting a shared commitment to advancing infrastructure development and economic cooperation between Africa and India.
Africa Finance Corporation (AFC) has announced the successful closing of a US$100 million, 5-year loan facility from India Exim Bank, the Export-Import Bank of India.
AFC said the facility will further strengthen its long-standing partnership with the Indian export credit agency. It added that the facility, signed at AFC’s recently concluded Investor Day in London, will support its 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,” AFC said in a statement.
AFC said the facility builds on an established relationship with India Exim Bank, reflecting a shared commitment to advancing infrastructure development and economic cooperation between Africa and India. The transaction followed the successful $100 million financing completed in 2021, which reinforced AFC’s stated commitment to diversifying its funding base and deepening strategic engagements with key Asian financial partners.
Africa Finance Corporation was established in 2007 to catalyse pragmatic infrastructure and industrial investments across Africa. AFC has 48 member countries and has invested more than $18.5 billion in 36 African countries since its inception.
India Exim Bank, established in 1982 and fully owned by the Government of India, is the principal financial institution for coordinating the activities of institutions engaged in financing exports and imports.