AFC secures $100M facility from FinDev Canada in landmark partnership

Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has secured a USD 100 million, 10-year term loan facility from FinDev Canada, Canada’s bilateral Development Finance Institution.

This landmark transaction represents AFC's debut in the Canadian market and its first partnership with FinDev Canada. Significantly, it also marks FinDev Canada’s inaugural infrastructure financing in Sub-Saharan Africa.

The facility will strengthen AFC’s funding base and be channeled toward a growing pipeline of renewable energy and low-carbon transport projects across Sub-Saharan Africa, deepening the Corporation’s commitment to climate-resilient infrastructure development.

The transaction underscores the confidence of global partners in AFC’s strong track record, governance standards, and execution capacity. FinDev Canada’s selection of AFC as its first Sub-Saharan Africa partner highlights the AFC’s role as a trusted gateway for international investors seeking to deliver high-impact, climate-aligned financing across the continent.

FinDev Canada joins AFC’s expanding pool of funding partners, which includes major international Development Finance Institutions (DFIs) such as Italy’s Cassa Depositi e Prestiti SpA (CDP), Germany’s KfW, India Exim Bank, and the US International Development Finance Corporation (DFC), among others. This growing collaboration affirms global investor confidence in AFC’s strong credit profile and its strategy of delivering de-risked, transformational projects.

Banji Fehintola, Executive Board Member and Head of Financial Services at Africa Finance Corporation, expressed enthusiasm for the collaboration. "This partnership reflects our shared commitment to accelerating sustainable development across the continent through high-impact, climate-resilient infrastructure," he said. "The transaction not only diversifies AFC’s funding base but also deepens North America’s participation in Africa’s growth story. We look forward to catalysing even greater investment flows."

Paulo Martelli, Vice President and Chief Investment Officer at FinDev Canada, stated that the transaction is an opportunity to support a leading solutions provider in Sub-Saharan Africa. "We are proud to invest in an institution which aligns with our impact development goals, particularly market development and climate and nature action," Martelli noted.

The proceeds from the facility will support AFC’s long-term funding strategy, enabling the Corporation to deliver innovative financing solutions that tackle climate change, strengthen energy access, and promote sustainable economic growth.