Active Development AidData Chinese Aid

China Eximbank provides $100 million loan to Africa Finance Corporation to enhance investment capacity in 2023

$100M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Africa Finance Corporation (AFC)
Country	Africa, regional
Start Date	Mar 01, 2023
End Date	Jan 06, 2032
Duration	3,233 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108517`

Grant Description

China Eximbank provides $100 million loan to Africa Finance Corporation to enhance investment capacity in 2023 In March 2023, China Eximbank provided a $100 million loan to the Africa Finance Corporation. The loan had a 5-year maturity. The purpose of the loan was enhancement of investment capacity.

Further details about the loan are unknown.

📋 Staff Comments

1. Africa Finance Corporation is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment.

📚 Sources & References

Africa Finance Corporation Annual Report 2023
Africa Finance Corp Investor Pres 5-22-24
Debt- Performance track record
AFC secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa
Africa Finance Corporation and the Export-Import Bank of China (CEXIM) Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa
Prospectus: AFRICA FINANCE CORPORATION U.S.$5,000,000,000 Global Medium Term Note Programme Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Africa Finance Corporation (AFC)

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