AFC Secures $1.16B Syndicated Loan for African Infrastructure
Africa Finance Corporation has attracted lenders from the Middle East, Europe and Asia to fund critical infrastructure projects across Africa.
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Africa Finance Corporation has attracted lenders from the Middle East, Europe and Asia to fund critical infrastructure projects across Africa.
The first installment of $2.25 billion will enable the Nigerian National Petroleum Corporation to strengthen its operations across the oil and gas value chain.
The move aligns with AFC’s mission to drive local participation in Africa’s energy sector, with Etu Energias serving as the largest indigenous independent in Angola.
The $540 million KfW funding package falls under South Africa’s Just Energy Transition Partnership.
With the loan, Oando PLC will complete the acquisition of shared in the Nigerian Agip Oil Company, expanding its footprint in Nigeria.
Afreximbank and Alphaden Energy & Oilfield Limited have signed a 7-year term loan agreement for a $60m gas processing facility in Bayelsa State, Nigeria.
STEG to leverage a loan from the EBRD to fast track the rollout of the first energy bridge between North Africa and Europe.
The IFC has approved a $25 million loan to Kandil Steel to support sustainable flat steel production in Egypt.
ATIDI has insured a $327 million loan facility issued by Deutsche Bank to the Government of Tanzania.
Afreximbank has announced a $155 million financing facility to support the implementation of the Damerjog Oil Jetty Terminal and an oil storage depot in Djibouti.