Africa Finance Corporation (AFC), Africa's leading provider of infrastructure solutions, has secured a $250 million loan from the United States' International Development Finance Corporation (DFC).

The company announces that the $250 million Tier 2 Loan Facility will enable AFC to strengthen its investment capacity through the provision of competitive financing solutions to bridge Africa's infrastructure gap. The loan also complements AFC's strategy of diversifying its investor base.

“AFC has partnered with the US on several infrastructure initiatives, including the Power Africa initiative, and regularly receives investment from US investors in its Eurobond issuances,” Samaila said. Zubairu, Managing Director of Africa Finance Corporation, quoted by the AFC press release.

AFC successfully raised USD 700 million in 2020, USD 1150 billion (USD 650 million and USD 500 million) in 2019, USD 500 million in 2017 and USD 750 million in 2015 through Eurobond issuances ; on its Board-approved US$5 billion global medium-term note (MTN) program.