AFRICA FINANCE CORPORATION


Overview

  • Reference: P-Z1-HAA-041
  • Approval date: 15/02/2012
  • Start date: 18/10/2012
  • Appraisal Date: 01/11/2011
  • Status: OngoingOnGo
  • Implementing Agency: AFRICA FINANCE CORPORATION
  • Location: multicountry

Description

A Line of Credit (LOC) to Africa Finance Corporation (AFC) in the amount of USD200 million to fund a pipeline of infrastructure and industrial projects from various RMCs within ECOWAS, SADC and the East African Region.


Benefits

Although only in operation for a few years, the AFC has already emerged as an important financier of infrastructure projects on the Continent. Given this strong start, the AFC is expected to play a major role in the long-term to catalyze many infrastructure and industrial projects. Although AFC is expected to generate much broader development outcomes in the long term, to be consistent with the Bank


Key contacts

ANSAH Dennis - OPSD4


Costs

Finance source Amount
ADBUSD 129,726,925
DeltaUSD 925
TotalUSD 129,726,000