Through critical infrastructure development, the Africa Finance Corporation (AFC) successfully raised US$400 million in a new syndicated loan for post-pandemic recovery. The three-year facility had an initial target of US$300 million, an oversubscription of an additional US$100 million thanks to the strong interest shown by investors. Investors including notably Absa Group Ltd. of South Africa, Mashreqbank PSC of Dubai, Korea Development Bank, Standard Chartered Plc, Bank of China Ltd.