Africa Finance Corporation (AFC) has secured a USD 100 million from the FinDev Canada, Canada’s bilateral Development Finance Institution.
The loan is to finance infrastructure in Sub-Saharan Africa, mainly a growing pipeline of renewable energy and low-carbon transport projects.
Paulo Martelli, Vice President and Chief Investment Officer, FinDev Canada, said “we are proud to invest in an institution which aligns with our impact development goals, particularly market development and climate and nature action.”
Banji Fehintola, Executive Board Member and Head of Financial Services, Africa Finance Corporation, said this transaction shows the confidence of global partners in AFC’s strong track record, governance standards, and execution capacity.