The Africa Finance Corporation (AFC) has secured a USD 100 million, 10-year term loan facility from FinDev Canada, a move that will support the expansion of sustainable infrastructure projects across Sub-Saharan Africa.
The agreement marks AFC’s first partnership with FinDev Canada and its entry into the Canadian market, while also serving as FinDev Canada’s first infrastructure financing in Sub-Saharan Africa. The transaction underscores growing international confidence in AFC’s ability to deliver climate-resilient and sustainable infrastructure across the continent.
The facility will strengthen AFC’s funding base and support a growing pipeline of renewable energy and low-carbon transport projects, reinforcing the Corporation’s commitment to sustainable development and climate action.
“We are delighted to partner with FinDev Canada on this milestone transaction,” said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC. “This partnership reflects our shared commitment to accelerating sustainable development across the continent through high-impact, climate-resilient infrastructure. The transaction not only diversifies AFC’s funding base but also deepens North America’s participation in Africa’s growth story.”
FinDev Canada’s partnership with AFC highlights the latter’s reputation as a trusted platform for channeling long-term, sustainable capital into Africa’s infrastructure sector. It also adds to AFC’s growing network of global funding partners, which includes institutions such as Cassa Depositi e Prestiti (CDP) of Italy, KfW of Germany, the India Exim Bank, the US International Development Finance Corporation, and Proparco of France.
“This transaction represents an opportunity for FinDev Canada to support a leading solutions provider financing critical infrastructure in Sub-Saharan Africa and an important step towards expanding our market presence in the region,” said Paulo Martelli, Vice President and Chief Investment Officer of FinDev Canada. “We are proud to invest in an institution that aligns with our impact development goals, particularly market development and climate and nature action.”
The proceeds from the facility will support AFC’s long-term funding strategy, allowing the Corporation to provide innovative financing solutions that address climate change, expand energy access, and promote sustainable economic growth.
AFC said the partnership demonstrates the confidence of international partners in its governance standards, execution capacity, and track record in delivering transformational projects.
By securing this facility, AFC continues to strengthen its position as Africa’s leading infrastructure solutions provider, advancing the continent’s transition toward sustainable and climate-resilient development.
