Lagos , 04 January 20 2 1 : Africa Finance Corporation (“AFC” or “ the Corporation”), the infrastructure that is leading provider in Africa, today announces it’s effectively guaranteed a US$250 million tier-2 capital loan from U.S. Overseas developing Finance Corporation (DFC) .
Created in December 2019, DFC could be the united states of america Government’s development bank founded having a financing capability all the way to US$60 billion to present financ ing for answers to several of the most critical challenges dealing with the world that is developing. DFC expanded and modernized the equipment associated with Overseas Private Investment Corporation (OPIC).
The center to AFC, which comprise s of the US$250 million tier capital that is-2 , will strengthen AFC’s investment capacity by enabl ing it to present competitive funding solutions for shutting Africa’s infrastructure deficit . It also further complements AFC’s strategy of diversifying its investor base .
Samaila Zubairu, President & CEO of Africa Finance Corporation, commented in the statement: “ Africa together with usa have actually enjoyed a partnership that is longstanding a few decades. Certainly, AFC has partnered aided by the United States on a few infrastructure initiatives, like the Power Africa i nitiative , and frequently gets assets from US-based investors with its Eurobond issuances. ”
“This statement consequently marks a normal development as the federal government seeks to relax and play a greater part in Africa’s development by establishing a passionate DFI . Crucially, this financing may also make sure the organization has the capacity to carry on satisfying its goals into the wake regarding the ongoing pandemic, that has placed a larger duty on development finance organizations in aiding to push a sustainable data recovery across Africa .”
Adam Boehler , CEO of DFC additionally commented in the announcement : “ DFC is proud to grow our relationship with an integral infrastructure investor in Africa. This funding advances DFC’s commitment that is strong Africa by supporting investment within the contemporary infrastructure that is necessary to economic growth and expanded connectivity with all the globe.
About Africa Finance Corporation – www.africafc.org
AFC was created in 2007 to function as the catalyst for personal sector-led infrastructure investment across Africa. It’s the 2nd investment grade that is highest rated multilateral standard bank in Africa. AFC’s approach combines professional industry expertise having a consider economic and technical advisory, project structuring, task development and danger money to address Africa’s infrastructure development requirements and drive sustainable financial growth. AFC invests in top-notch infrastructure assets that offer crucial solutions within the core infrastructure sectors of energy, normal resources, hefty industry, transportation, and telecommunications. Up to now, the organization has invested over US$8.4 billion in jobs in 35 nations across Africa.
Africa Finance Corporation Secures US$250 Million Capital Loan From US Government’s Overseas Development Finance Corporation
LAGOS, Nigeria–( COMPANY WIRE )–Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces it offers effectively guaranteed a US$250 million tier-2 money loan from U.S. Global Development Finance Corporation (DFC).
Formed in December 2019, DFC could be the united states of america Government’s development bank founded with a financing capability all the way to US$60 billion to produce funding for methods to a few of the most critical challenges dealing with the developing globe. DFC expanded and modernized the various tools for the Overseas Private Investment Corporation (OPIC).
The center to AFC, which is made of a US$250 million capital that is tier-2, will strengthen AFC’s investment capacity by allowing it to give you competitive funding solutions for shutting Africa’s infrastructure deficit. It also further complements AFC’s strategy of diversifying its investor base.
Samaila Zubairu, President & CEO of Africa Finance Corporation, commented from the statement: “Africa together with united states of america have actually enjoyed a partnership that is longstanding a few years. Certainly, AFC has partnered because of the United States on a few infrastructure initiatives, like the energy Africa effort, and frequently receives opportunities from US-based investors with its Eurobond issuances.”
“This statement consequently marks a normal development as the federal government seeks online title AZ to relax and play a higher part in Africa’s development by establishing a passionate DFI. Crucially, this money may also make sure the Corporation has the capacity to carry on satisfying its objectives into the wake of this ongoing pandemic, which includes put a larger obligation on development finance organizations in aiding to push a recovery that is sustainable Africa.”
Adam Boehler, CEO of DFC additionally commented regarding the statement: “DFC is proud to enhance a key infrastructure investor to our relationship in Africa. This funding advances DFC’s commitment that is strong Africa by supporting investment within the contemporary infrastructure this is certainly important to financial growth and expanded connectivity using the globe.
Records to Editors
AFC, an investment grade multilateral finance organization, ended up being created in 2007 having an equity money base of US$1.1 billion, to end up being the catalyst for personal sector-led infrastructure investment across Africa. With an ongoing stability sheet of around US$6.6 billion, AFC could be the 2nd investment grade that is highest rated multilateral lender in Africa with an A3/P2 (negative outlook) score from Moody’s Investors provider. 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 through Eurobond issuances; away from its Board-approved US$5 Billion worldwide Medium-Term Note (MTN) Programme. All Eurobond problems had been oversubscribed and attracted investors from Asia, European countries and also the United States Of America.
AFC’s investment approach combines expert industry expertise with a concentrate on monetary and technical advisory, project structuring, project development and danger capital to address Africa’s infrastructure development requirements and drive sustainable growth that is economic. AFC invests in top-quality infrastructure assets that offer crucial solutions within the core infrastructure sectors of energy, natural resources, hefty industry, transportation, and telecommunications. Up to now, the organization has invested over US$8.4billion in jobs within 35 nations across Africa.
