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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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African Transport Deal of the Year, 2012

The Africa Finance Corporation (AFC) financed flagship Konan Bedie Bridge project in Côte d’Ivoire, has been awarded the Euromoney Project Finance Magazine African Transport Deal of the Year 2012. The Euro 270 million project involves the design....

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AFC FMO Launch Project Development Facility

Africa Finance Corporation (AFC) signed an historic partnership today with the Dutch development bank, FMO – (Nederlandse Financierings-Maatschappij voor Ontwikkelings Landen N.V), activating a USD 15 million project development facility for power, transportation, oil and gas infrastructure, agri-business and social infrastructure projects in sub-Sahara Africa.....

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Africa Finance Corporation Partners with Volta River Authority

Africa Finance Corporation (AFC) has signed an Agreement with Volta River Authority (VRA) to provide a US$ 50 million loan tranche in a syndicated US$150MM three year loan facility arranged by Ecobank Capital, for the Volta River Authority (VRA) of Ghana.....

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