The Product Solutions team provides structuring and lending solutions to AFC’s sovereign, sub-sovereign and corporate clients across its core infrastructure segments. Of note, AFC recognises that government and quasi-government entities are by far the biggest developers of infrastructure assets in Africa. As such, AFC, through the Product Solutions team, structures and provides lending solutions directly to governments to support infrastructure development.
Whilst the team offers vanilla lending solutions and more traditional credit enhancing and risk mitigating structures like export credits & private/multilateral insurance, we are also able to offer lending solutions that make more efficient use of AFC’s own balance sheet, through products such as guarantees and tenor elongation instruments that take advantage of the Corporation’s high credit rating and Preferred Creditor Status and crowd-in non-traditional, third-party funds that do not have the typical high base costs of banks & financial institutions.
Recent transactions concluded include:
- 5 million facility for the Republic of Cote d’Ivoire for the completion of new roads in Abidjan and seven other cities in Cote d’Ivoire, as well as for the reinforcement and rehabilitation of existing roads, where AFC acted as Co-Lead Arranger.
- EUR 150 million facility for the Republic of Cote d’Ivoire for the reinforcement and rehabilitation of 276km of existing roads, the construction of a tunnel, drainage system & roundabout, and a new building located in the Presidential palace. AFC acted as Co-Lead Arranger
- USD500 million for the Government of the United Republic of Tanzania to be used primarily for the construction of power, water and transportation projects. AFC acted as Lead Arranger.
- USD100 million, of a USD200 million facility for the Government of the United Republic of Tanzania to be used for a pre-approved list of development and infrastructure projects under the 2020/2021 GoT budget. AFC acted as Co-Lead Arranger
- Participation in a USD1 billion facility for the Government of the Republic of Kenya to fund infrastructure projects predominantly in the power, water and transportations sectors.