AFRICA FINANCE CORPORATION
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Africa Finance Corporation (AFC) is an African-led multilateral financial institution, established in 2007 in Lagos, Nigeria, whose mission is to improve African economies by proactively developing and financing infrastructure, industrial and financial assets. Financial products offered by AFC include long-term debt, equity and mezzanine, thereby decreasing the financing gap in African infrastructure.
What is our funding objective?
FMO is a co-lender in a USD$ 60 mln syndicated facility arranged by DEG. Our commitment enables AFC to further finance the expansion of infrastructure across Western Africa that is needed for private sector development. The long-term facility that is provided by DEG and FMO matches the maturities for infrastructure projects.
Why do we fund this investment?
A functioning infrastructure is an essential prerequisite for economic growth. In developing countries, however, investing in larger investment projects often exceeds the financial resources of the state. This Facility will assist in bringing key infrastructure projects to market, thereby creating considerable development impact. Furthermore, the facility also deepens our relationship with two key strategic partners.
More investments
| Date | Total FMO financing |
|---|---|
| 7/5/2021 | USD 60.00 MLN |
- Website customer/investment
- http://www.africafc.org
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 9/2/2013
- End date
- 10/8/2020
- Total FMO financing
- USD 30.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A