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Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has announced it successfully closed its largest-ever debt facility, a $1.5 billion syndicated loan. 

The transaction’s details showed it attracted a diverse consortium of new and returning lenders to AFC spanning the Middle East, Africa, Asia, and Europe.

Originally launched at $1.3 billion, the three-year facility, proceeds of which will be used for general corporate purposes, attracted strong demand. AFC said this underscored robust investor appetite for Africa’s infrastructure growth opportunities through strategic partnerships with highly reputable institutions like itself.

The infrastructure financier said it secured more favourable pricing for its latest funding compared to its $1.16 billion Syndicated Term Loan Facility which closed last year.

This year, AFC has further diversified its funding base, securing long-term financing from development finance institutions, bilateral lenders, and commercial banks. The Corporation recently secured an AED 937.50 million Sustainability-Linked Term Loan Facility, deepening its financial ties with the United Arab Emirates.

“This landmark transaction reinforces AFC’s standing as a trusted institution in the global capital markets and demonstrates our ability to mobilise capital at scale for Africa,” said Banji Fehintola, Executive Board Member and Head of Financial Services of AFC. “It strengthens our role in bridging Africa’s infrastructure needs with global capital and accelerates our mission to drive rapid industrialisation and unlock the continent’s full economic potential.”

AFC has 46 member countries and has invested over $15 billion in 36 African countries since its inception in 2007.