Multinational - The Africa Finance Corporation (AFC) - Infrastructure and Trade Financing in Africa

Project Summary

Approval Date 16 Nov 2022
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 304,219,524.81
Status Approved

Project General Description

A financial package comprising 2 components namely: (i) a USD 350 million senior debt facility for on-lending to support eligible infrastructure projects and (ii) a USD 50 million Trade Finance Line of Credit (TF LoC) to support the expansion of AFC’s trade finance operations across the continent. Overall, the financial package will (i) provide critically needed long-term Dollar liquidity to support its expanding pipeline of infrastructure projects and (ii) provide shorter term funding to support export-import led transactions financed by the AFC, especially those which support importation of intermediate and capital goods including some which may be required to support the delivery of infrastructure projects being financed by AFC.

Project Objectives

The development outcomes from this investment will derive from addressing the critical infrastructure gap on the continent by promoting industries, creating additional jobs, adding value, and stimulating overall economic growth. This investment will also contribute to filling market demand for trade finance in Africa by supporting trade in various vital economic sectors such as agriculture, energy, manufacturing, and construction. In addition, the project is expected to promote intra-Africa trade and regional integration as well as facilitate importation of critical capital goods, agricultural inputs, medical supplies and foodstuffs.


The proposed financial package will provide much needed long-term funding to AFC to match it financing requirements in the infrastructure space. The package will also help increase AFC’s interventions in the 54 African countries. The main source of additionality is non-financial, arising from the provision of an AFAWA technical assistance designed to improve the financial and technical capacity of beneficiary financial institutions targeting WSMEs.

Participating Organization

African Development Bank


IATI identifier 46002-P-Z1-HAA-107
Last Update 22 Mar 2023


Contact Details

Name Tiatan Mariam YEO-DEMBELE

Geographic Location

Country Multinational
Coordinates Location Name
6.45306 3.39583 Lagos