<\/p>\n
Africa Finance Corporation (AFC) (www.AfricaFC.org<\/a>), the continent\u2019s leading infrastructure solutions provider, announces the successful closure of a EUR150 million 10-year Loan facility with European development finance institutions DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH and Proparco.<\/p>\n<\/p>\n DEG, a subsidiary of Germany\u2019s state-owned KfW Group, has provided financing, advice and support to enterprises in developing and emerging-market countries since its inception in 1962. The transaction builds on a partnership with AFC that began in 2012 and has resulted in several loans from DEG, including a recent US$170 million 12-year loan in 2021.<\/p>\n<\/p>\n Petra Kotte, Head of Banking and German Business, highlighted the strategic partnership with AFC:<\/p>\n \u201cDEG is very happy to have arranged this facility with our long-standing partner Proparco and thus cementing our excellent relationship with Africa\u2019s leading infrastructure financier AFC. The facility contributes to closing Africa\u2019s infrastructure gap, positively impacting on the livelihood of surrounding communities, and supporting AFC in their endeavour to reduce the continent\u2019s footprint as part of their dedicated climate resilience strategy.\u201d<\/p>\n<\/p>\n Proparco, the private sector financing arm of Agence Fran\u00e7aise de D\u00e9veloppement Group (AFD Group), has been promoting sustainable economic, social and environmental development by providing funding and support to businesses and financial institutions in Africa, Asia, Latin America and the Middle East for over 45 years. Its action focuses on key development sectors including infrastructure, mainly for renewable energies, as well as agribusiness, financial institutions, health and education. Proparco provided AFC in 2021 with a US$50m senior credit line in the US$170 million syndicated loan led by DEG.<\/p>\n<\/p>\n Emmanuelle RIEDEL DROUIN, Global Head \u2013 Lending Operations, said: \u201cProparco is very happy to be participating in this transaction arranged by DEG for the benefit of AFC, a key player in financing much-needed infrastructure in Africa, which remains one of the continent\u2019s main challenges, notably in terms of access to clean energy and transport. AFC is also a member of the International Development Finance Club, chaired by AFD since 2017, and we commend its strong commitment to supporting climate resilient infrastructure and to accelerating the just transition in Africa, as evidenced during the COP27.\u201d<\/p>\n<\/p>\n The new credit facility supports the development and implementation of infrastructure projects that enhance the continent\u2019s economic, environmental, or social impact under AFC\u2019s Establishment Agreement and Charter.<\/p>\n<\/p>\n “Our strategic partnership with DEG and Proparco mobilises urgently needed capital to rebuild Africa with more resilient and sustainable infrastructure across critical sectors,\u201d said Banji Fehintola, Senior Director, Head of Treasury & Financial Institutions at AFC. \u201cAs part of AFC\u2019s strategy to catalyse infrastructure financing and impact development in Africa, the Corporation draws capital from a diverse range of international investors and lenders. We appreciate the confidence that DEG and Proparco continue to demonstrate in us as a strategic partner and infrastructure solutions provider.\u201d<\/p>\n Distributed by APO Group on behalf of Africa Finance Corporation (AFC).<\/i><\/p>\n Media\u00a0<\/strong>Enquiries:<\/strong> Gavin Serkin About AFC:<\/strong> Fifteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has invested over US$10 billion in 36 countries across Africa since inception.<\/p>\n www.AfricaFC.org<\/a><\/strong><\/p>\n<\/p>\n Source<\/a> Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent\u2019s leading infrastructure solutions provider, announces the successful closure of a EUR150 million 10-year Loan facility with European development finance institutions DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH and Proparco. DEG, a subsidiary of Germany\u2019s state-owned KfW Group, has provided financing, advice and support to enterprises in developing and emerging-market […]<\/p>\n","protected":false},"author":7,"featured_media":141126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.africa-newsroom.com\/files\/thumb\/43b319d9d969a9e\/600\/418","fifu_image_alt":"","footnotes":""},"categories":[278],"tags":[258,256,4696,6037,5988,44722,281,44719,4691,450,279,280,44721,9916,7829,44720,8828,5118,257,44723,254,37271],"class_list":["post-141125","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dr-congo","tag-africa","tag-africa-news","tag-central-africa","tag-closes","tag-corporation","tag-deg","tag-democratic-republic-of-congo","tag-deutsche","tag-dr-congo","tag-dr-congo-news","tag-drc","tag-drc-news","tag-entwicklungsgesellschaft","tag-eur","tag-finance","tag-investitionsund","tag-loan","tag-million","tag-news","tag-proparco","tag-south-africa-today","tag-syndicated"],"fifu_image_url":"https:\/\/www.africa-newsroom.com\/files\/thumb\/43b319d9d969a9e\/600\/418","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/141125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=141125"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/141125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/141126"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=141125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=141125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=141125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nYewande Thorpe
\nCommunications
\nAfrica Finance Corporation
\nMobile : +234 1 279 9654
\nEmail\u00a0:\u00a0yewande.thorpe@africafc.org<\/a><\/p>\n<\/p>\n
\nNew Markets Media & Intelligence
\nTelephone: +44 20 3478 9710
\nEmail:\u00a0gserkin@newmarkets.media<\/a><\/p>\n
\nAFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. AFC\u2019s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa\u2019s infrastructure development needs and drive sustainable economic growth.<\/p>\n<\/p>\n
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South Africa Today Africa \u2013 Central Africa Democratic Republic of Congo<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"