AFC secures $100m 5-year loan from India Exim Bank for African infrastructure
AFC has closed a US$100 million, 5-year loan facility from India's Export-Import Bank, strengthening their partnership for African infrastructure development. The deal was signed at AFC's recent Investor Day in London and builds on a similar $100 million financing completed in 2021.
The funding will support AFC's mandate to accelerate development of critical infrastructure and industrial assets across Africa, particularly in power, natural resources, heavy industry, transport, and telecommunications sectors. AFC notes this demonstrates access to alternative liquidity pools beyond traditional capital markets and extends its tenor profile in a volatile global market environment.
With 48 member countries and over US$18.5 billion invested in 36 African countries since 2007, AFC positions itself as a catalyst for mobilizing capital to drive industrialization, regional integration, and sustainable economic growth. The corporation emphasizes that strategic collaborations with institutions like India Exim Bank are key to scaling impact and accelerating Africa's industrialization.
This transaction reflects a shared commitment to advancing infrastructure development and economic cooperation between Africa and India, reinforcing AFC's strategy to diversify its funding base while deepening engagements with Asian financial partners.
For those tracking African infrastructure financing or India-Africa economic ties, this signals continued availability of long-term funding for continental projects and highlights the growing role of alternative credit sources in supporting development goals.