{"id":4421,"date":"2021-01-06T11:03:49","date_gmt":"2021-01-06T11:03:49","guid":{"rendered":"http:\/\/maadhouze.com\/?p=4421"},"modified":"2021-01-06T11:03:49","modified_gmt":"2021-01-06T11:03:49","slug":"africa-finance-corporation-secures-us250-million-capital-loan-from-us-governments-international-development-finance-corporation","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=4421","title":{"rendered":"Africa Finance Corporation Secures US$250 Million Capital Loan From US Government\u2019s International Development Finance Corporation"},"content":{"rendered":"<p class=\"s5\">\n<p class=\"s5\"><a name=\"_GoBack\"><\/a><span class=\"s2\"><span class=\"bumpedFont15\">Africa Finance Corporation (\u201cAFC\u201d or \u201cthe Corporation\u201d), the leading infrastructure solutions provider in Africa, today announces it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). <\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s2\"><span class=\"bumpedFont15\">Formed in December 2019, DFC is the United States Government\u2019s development bank established with a lending capacity of up to US$60 billion to provide financing for solutions to some of the most critical challenges facing the developing world. DFC expanded and modernized the tools of the Overseas Private Investment Corporation (OPIC). <\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s2\"><span class=\"bumpedFont15\">The facility to AFC, which consists of a US$250 million tier-2 capital loan, will strengthen AFC\u2019s investment capacity by enabling it to provide competitive financing solutions for closing Africa\u2019s infrastructure deficit. It also further complements AFC\u2019s strategy of diversifying its investor base. <\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s2\"><span class=\"bumpedFont15\">Samaila<\/span><\/span> <span class=\"s2\"><span class=\"bumpedFont15\">Zubairu<\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\">, <\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\">President &amp;<\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\"> CEO of Africa Finance Corporation, commented on the announcement: \u201cAfrica and the United States have enjoyed a longstanding partnership spanning several decades. Indeed, AFC has partnered with the US on several infrastructure initiatives, including the <\/span><\/span><span class=\"s8\"><span class=\"bumpedFont15\">Power Africa <\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\">initiative, and regularly receives investments from US-based investors in its Eurobond issuances.\u201d <\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s2\"><span class=\"bumpedFont15\">\u201cThis announcement therefore marks a natural evolution as the US Government seeks to play a greater role in Africa\u2019s development by establishing a dedicated DFI. Crucially, this funding will also ensure the Corporation is able to continue fulfilling its objectives in the wake of the ongoing COVID-19 pandemic, which has placed a greater responsibility on development finance institutions in helping to drive a sustainable recovery across Africa.\u201d <\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s2\"><span class=\"bumpedFont15\">Adam <\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\">Boehler<\/span><\/span><span class=\"s2\"><span class=\"bumpedFont15\">, CEO of DFC also commented on the announcement: \u201cDFC is proud to expand our relationship with a key infrastructure investor in Africa. This financing advances DFC\u2019s strong commitment to Africa by supporting investment in the modern infrastructure that is essential to economic growth and expanded connectivity with the world.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Finance Corporation (\u201cAFC\u201d or \u201cthe Corporation\u201d), the leading infrastructure solutions provider in Africa, today announces it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). Formed in December 2019, DFC is the United States Government\u2019s development bank established with a lending capacity of up to US$60 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2539,2895,2896],"class_list":["post-4421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-africa-finance-corporation","tag-capital-loan","tag-us-government"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4421"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4421"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4421\/revisions"}],"predecessor-version":[{"id":4423,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4421\/revisions\/4423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/4422"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}