Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully closed its largest-ever debt facility, a landmark US$1.5 billion syndicated loan. This transaction, a milestone in the Corporation’s history, attracted a diverse consortium of new and returning lenders spanning the Center East, Africa, Asia and Europe.
Originally launched at US$1.3 billion, the three-year facility, proceeds of which will be used for general corporate purposes, attracted strong demand, bringing in new lenders including Bank of Communications, Burgan Bank, Export Development Bank of Egypt, and Hua Nan Bank. This underscores robust investor appetite for Africa’s infrastructure growth opportunities through strategic partnerships with highly reputable institutions like AFC.
This facility enhances AFC’s financial capacity and further broadens its network of strategic partners, reinforcing the Corporation’s mission to catalyse infrastructure-driven economic growth and industrial development across Africa. By leveraging its solid credit profile, AFC secured more favourable pricing compared to its US$1.16 billion Syndicated Term Loan Facility which closed last year.
Demonstrating AFC’s deep connections with the international capital markets, the syndication was led by an exceptional group of global arrangers including Abu Dhabi Commercial Bank PJSC, Commerzbank AG and Standard Chartered Bank as Global Coordinators and Initial Mandated Lead Arrangers and Bookrunners. Bank of China Limited (London Branch), First Abu Dhabi Bank PJSC, Mashreqbank PSC, MUFG Bank, Ltd., FirstRand Bank Limited, acting through its Rand Merchant Bank division (London Branch), State Bank of India (DIFC Branch), The Standard Bank of South Africa Limited, Société Générale, and Sumitomo Mitsui Banking Corporation (London Branch) all served as Initial Mandated Lead Arrangers and Bookrunners. Additionally, Standard Chartered Bank acted as documentation agent whilst First Abu Dhabi Bank PJSC acted as facility agent.
“This landmark transaction reinforces AFC’s standing as a trusted institution in the global capital markets and demonstrates our ability to mobilise capital at scale for Africa,” said Banji Fehintola, Executive Board Member and Head of Financial Services of AFC. “It strengthens our role in bridging Africa’s infrastructure needs with global capital and accelerates our mission to drive rapid industrialisation and unlock the continent’s full economic potential.”
This year, AFC has further diversified its funding base, securing long-term financing from development finance institutions, bilateral lenders, and commercial banks. The Corporation recently secured an AED 937.50 million Sustainability-Linked Term Loan Facility, deepening its financial ties with the UAE.
Africa Fact: Mali in the 14th century was highly urbanised. Sergio Domian, an Italian art and architecture scholar, wrote the following about this period: “Thus was laid the foundation of an urban civilisation. At the height of its power, Mali had at least 400 cities, and the interior of the Niger Delta was very densely populated”.
Gold Bentley
Fun South African Fact: It’s believed that Cape Town’s iconic Table Mountain is one of the oldest mountains in the world. Table mountain is approximately 260 million years old; it’s also home to thousands of species of plant life, including species unique to the Cape Floral Region. The glorious mountain is one of the world’s 7 New Natural Wonders. It is also apparently one of 12 main energy centres on the planet emitting spiritual, magnetic, and electric energies. It’s an idyllic and very popular hiking destination with hundreds of routes to explore.
Nueva Nova
So I\’m real good friends with this guy named Juan Ted. Now, Juan is a pretty unbelievable guy. He can steal ANYTHING he wants to. Literally anything. It could be the shirt off your back, the wallet in your pocket, or I\’m even sure he\’d find a way to steal your house (And your spouse too). So anyway, one day Juan and I are sitting around watching TV, and they announced that the hope diamond will not be on display anymore and is now getting moved to an undisclosed location. So as we hear this, Juan says \”I\’m gonna steal it\”. Now I know how good Juan is at this kind of stuff, so I just tell him good luck and he goes on his way. Eventually he narrows his search down to a small cave in South Africa. When Juan gets there, he doesn\’t see any guards or anything outside the cave, so he just walks in assuming he was wrong about where the diamond was. He wanders around for a while until he sees a long lit hallway with the hope diamond at the end of it. Confident in his abilities, he strolls over to the diamond and picks it up before realizing its a trap! Suddenly, red lights flashed, armed men came running out, sirens went off. You could hear one of the men say under his breath \”We finally caught Juan Ted.\” But Juan, being the best thief in the world, said \”Not quite. On the count of three, I will disappear.\” As the men looked around confused, Juan began to count. \”Uno. Dos.\” And he disappeared without a tres.