Originally South Africa #2 >>12380252
“Africa Finance Corporation Secures US$250 Million Capital Loan From US Government’s International Development Finance Corporation” at https://southafricatoday.net/africa/africa-finance-corporation-secures-us250-million-capital-loan-from-us-governments-international-development-finance-corporation/ states;
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC).
Formed in December 2019, DFC is the United States Government’s development bank established with a lending capacity of up to US$60 billion to provide financing for solutions to some of the most critical challenges facing the developing world. DFC expanded and modernized the tools of the Overseas Private Investment Corporation (OPIC).
https://en.wikipedia.org/wiki/Africa_Finance_Corporation states;
Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007
At the same time it was invited to become a private sector partner in the US $7 billion USAID-funded ‘Power Africa’ initiative announced by US President Obama in Cape Town.
https://www.africafc.org/about-us/partnerships/ states;
To execute its mandate, AFC has established partnerships regionally, with other institutions such as the African Development Bank, African Export-Import Bank, PTA Bank, Islamic Development Bank, Banque Ouest Africaine de Development, the Nigerian Sovereign Investment Authority and internationally with the China Africa Fund, the Infrastructure Development Finance Company of India, the Dutch development bank FMO and the US Government through USAID and OPIC- the Overseas Private Investment Corporation. [See attached list of partners]
https://www.africafc.org/about-us/introduction-from-our-president-ceo/ states;
With 27 member countries, and an investment footprint that has disbursed over US$7 billion across 30 countries in Africa in the Power, Transport, Telecommunications, Heavy Industries and Natural Resources sectors, we are a truly Pan-African institution. We have spearheaded pioneering infrastructure solutions across Africa, from Cape to Cairo, such as 385km Bakwena Toll Road in South Africa, to the Carbon Holding petrochemicals facility in Egypt.
“WE REMAIN COMMITTED TO DEVELOPING AND FINANCING PROJECTS IN OUR CORE INFRASTRUCTURE SECTORS OF POWER, NATURAL RESOURCES (OIL AND GAS, AND MINING), HEAVY INDUSTRY, TRANSPORT AND TELECOMMUNICATIONS.” SAMAILA ZUBAIRU, PRESIDENT & CEO