The Africa Finance Corporation (AFC) has secured a record $1.5 billion syndicated loan, its largest financing deal to date, as it pushes to expand investments in infrastructure and industrial projects across the continent.
The loan, which surpassed its initial $1.3 billion target, was arranged through a syndicate of international lenders including the Bank of Communications (China), Burgan Bank (Kuwait), Export Development Bank of Egypt, and Hua Nan Commercial Bank (Hong Kong).
Founded in 2007, AFC has mobilized more than $14 billion in financing for African projects, which it says have contributed to the creation of around 7 million jobs. The new funds will be directed toward the corporation’s general portfolio, supporting its mission to close Africa’s infrastructure gap and drive industrial growth.
The record raise underscores strong investor confidence in AFC’s model, which blends development finance objectives with private capital. It also highlights continued appetite from global lenders to back African infrastructure when projects are structured with the right safeguards.
