Africa Finance Corporation signs a $350 million credit line with the AfDB for infrastructure

by MMC
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Africa Finance Corporation has signed a $350 million credit line with the AfDB for infrastructure.

Africa Finance Corporation (AFC), announced that it had signed a long-term credit line of 350 million US dollars with the African Development Bank (AfDB), during the 28th Conference of the Parties (COP 28).

The signed agreement supports urgent financing of infrastructure projects aimed at supporting sustainable development and economic growth.

The financing agreement with the AfDB will enable the AFC to mobilize additional resources to continue the development of infrastructure projects in its priority sectors, including energy, transport, telecommunications and natural resources.

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