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Title:
Multinational - The Africa Finance Corporation (AFC) - Infrastructure and Trade Financing in Africa
Detail:
A financial package comprising 2 components namely: (i) a USD 350 million senior debt facility for on-lending to support eligible infrastructure projects and (ii) a USD 50 million Trade Finance Line of Credit (TF LoC) to support the expansion of AFC’s trade finance operations across the continent. Overall, the financial package will (i) provide critically needed long-term Dollar liquidity to support its expanding pipeline of infrastructure projects and (ii) provide shorter term funding to support export-import led transactions financed by the AFC, especially those which support importation of intermediate and capital goods including some which may be required to support the delivery of infrastructure projects being financed by AFC. This project primarily contributes to climate mitigation results. As such, 30% of the total approved amount is attributed as climate finance, of which 120 million USD is dedicated to mitigation.
Country:
International
Source:
African Development Bank Group
Published Date:
15.11.2022
URL:
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Sectors:
Building Infrastructure Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Building Material
Export requests Import requests Partnership requests Service requests