The Africa Finance Corporation (AFC) has secured its future lending ability for the next three years at least.

The organisation, which provides funding for infrastructure projects on the continent, closed a record syndicated loan worth US$1.5 billion at the end of September after originally launching the three-year facility for US$130 billion.

Africa Business Communities reports new lenders include the Bank of Communications (China), Burgan Bank (Kuwait), the Export Development Bank of Egypt, and Hua Nan Bank (Hong Kong).

The facility replaces a US$1.16-billion syndicated term loan facility, which closed last year, with more favourable terms.

‘[The facility] 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,’ says Banji Fehintola, executive board member and head of financial services of AFC.

Diversifying its funding base, the AFC has secured long-term financing from development finance institutions, bilateral lenders and commercial banks. As well as an AED937.50 million sustainability-linked loan facility from the United Arab Emirates.

7 October 2025
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