Africa Finance Corporation Secures USD 100 Million Facility from FinDev Canada, marking its Inaugural Transaction in the Canadian Market

Core Insights - Africa Finance Corporation (AFC) has secured a USD 100 million, 10-year term loan facility from FinDev Canada, marking its first transaction in the Canadian market and its inaugural partnership with FinDev Canada [1][3][5] Funding and Project Support - The facility will enhance AFC's funding base and support a growing pipeline of renewable energy and low-carbon transport projects across Sub-Saharan Africa, reinforcing the Corporation's commitment to climate-resilient infrastructure development [2][5] - The proceeds from the facility will enable AFC to deliver innovative financing solutions that address climate change, improve energy access, and promote sustainable economic growth [5] Strategic Partnerships - This transaction highlights the confidence of global partners in AFC's strong track record, governance standards, and execution capacity, positioning AFC as a preferred platform for channeling long-term sustainable capital into Africa's infrastructure sector [3][4] - FinDev Canada joins a diverse group of AFC's funding partners, which includes various international Development Finance Institutions, underscoring global investor confidence in AFC's credit profile and its strategy of delivering de-risked, transformational projects for Africa [4][5] Leadership Statements - AFC's Executive Board Member expressed delight in partnering with FinDev Canada, emphasizing the shared commitment to accelerating sustainable development through high-impact, climate-resilient infrastructure [5] - FinDev Canada's Vice President highlighted the importance of this transaction in supporting critical infrastructure financing in Sub-Saharan Africa and expanding their market presence in the region [5]