AFRICA FINANCE CORPORATION SECURES US$300m FROM EXPORT-IMPORT BANK OF CHINA
AFC acquires US$300m loan facility from CEXIM Leading infrastructure development finance institution in Africa, Africa Finance Corporation (AFC) successfully acquired a US$300 million loan from Export-Import Bank of China (CEXIM). Making up the loan is a US$200 million 5-year loan and also a US$100 million 5-year stand-by facility. The loan facility is for general corporate purposes. The CEXIM loan facility is AFC’s first financing facility from the Chinese government. The Africa Finance Corporation is currently focusing…
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