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AFC secures First International Credit Rating

The Africa Finance Corporation (AFC or the Corporation), a multilateral development financial institution headquartered in Lagos, has today secured its first International credit rating from Moody’s Investors Service (Moody’s).....

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AFC underwrites USD 65 million swamp rig acquisition facility for Depthwize Nigeria

The Africa Finance Corporation (AFC) has underwritten USD65 million of a USD100 million senior secured term loan facility for Depthwize Nigeria Limited (Depthwize), for the acquisition and upgrade of swamp rigs. AFC, in conjunction with JP Morgan, is the co-mandated lead arranger for the transaction.....

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AFC closes US$250 million syndicated term loan facility

The Africa Finance Corporation (AFC) has signed a US$ 250 million (Two Hundred and Fifty Million United States Dollars) syndicated term loan facility (“the facility”), marking its debut in the international syndicated loan market. ....

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AFC Co-Arranges USD 215 million Financing for Transcorp’s Ughelli Power Plc

Africa Finance Corporation (AFC) in conjunction with UBA Bank Plc, as co-arrangers, and FCMB and Fidelity Bank as co-financiers has provided a USD 215 million debt financing facility for the acquisition of Ughelli Power Plc. The aggregate commitment of AFC for the acquisition is USD55 million.....

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AFC secures €50 million credit line from PROPARCO and EFP

The Africa Finance Corporation (“AFC” or “the Corporation”) has secured a €50 million (Fifty Million Euros) credit line provided by the Society for the Promotion and Participation for Economic Cooperation (PROPARCO) with the participation of European Financing Partners S.A (EFP).....

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AFC secures US$ 60 million debt facility from DEG and FMO

The Africa Finance Corporation (“AFC” or “the Corporation”) has secured a US$ 60 million (Sixty Million United States Dollars) facility provided jointly by the German development finance institution DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH) and FMO....

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AFC Leads in USD 170 million Nigerian Power Privatisation

The Africa Finance Corporation (AFC) today provided a USD 170 million debt financing facility in conjunction with Guaranty Trust Bank Plc, to the Mainstream Energy Solutions Limited consortium(MESL), for the acquisition of the Kainji Power Plc in the first round of the Federal Government of Nigeria’s privatisation of power generation assets formerly owned by the Power Holding Company of Nigeria (PHCN).....

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AFC and Banque Ouest Africaine de Développement Establish Infrastructure Investment and Promotion Partnership

The Africa Finance Corporation (AFC) and Banque Ouest Africaine de Développement (BOAD) have formalised a strategic collaboration to promote infrastructure development across West Africa by signing a Memorandum of Understanding (MoU) at the BOAD headquarters in Lomé, Republic of Togo. ....

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AFC Accelerates Power Investment in Africa

The Africa Finance Corporation (AFC) a key partner from Africa, has been selected to participate in the US Presidential Power Africa Initiative, to accelerate investment in Africa’s power sector over the next five years. ....

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AFC Announces Infrastructure Investment Collaboration with the Nigeria Sovereign Wealth Fund

The Africa Finance Corporation (AFC) today formalised a strategic collaboration with the Nigeria Sovereign Investment Authority (NSIA), through the signing of a Memorandum of Understanding (MoU). Through this partnership....

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