African Finance Corp in $300m Chinese loan deal

Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa, has acquired a loan facility from the Export-Import Bank of China (CEXIM) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC). […]