AFC Secures $100M Loan from India Exim Bank for Africa

Africa Finance Corporation (AFC) announced the successful closure of a $100 million five-year loan facility from India Exim Bank, the export-import bank of India. This financing aims to advance infrastructure development and economic cooperation between Africa and India.

The partnership with India Exim Bank, which has been ongoing since its establishment in 1982, reflects a shared commitment to enhance infrastructure across the continent. The loan will support AFC's mandate to accelerate the development of critical industrial assets in Africa, particularly in a volatile global market.

AFC's recent engagement with investors in London underscores its strategy to access alternative liquidity pools beyond traditional capital markets, thereby extending its funding profile. Since its inception in 2007, AFC has invested $18.5 billion across 36 African countries and has 48 member countries.

The completion of this $100 million financing follows a previous successful transaction in 2021, reinforcing AFC's commitment to diversifying its funding base and deepening strategic engagement with Asian financial partners.