Africa Finance Corporation Launches US$2bn Facility to Support Economic Recovery & Resilience in Africa

Africa Finance Corporation Launches USbn Facility to Support Economic Recovery & Resilience in Africa

ABUJA, Nigeria–(BUSINESS WIRE/AETOSWire)– In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa. AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors. The facility will be announced at the AFC Live Infrastructure Solutions Summit today. The facility will be disbursed through loans from AFC to selected commercial banks, regional development banks and central…

Africa Finance Corporation: Three steps for Africa to combat climate change

Africa Finance Corporation Launches USbn Facility to Support Economic Recovery & Resilience in Africa

LAGOS, Nigeria–(BUSINESS WIRE/AETOSWire)– With hopes for countering global warming pinned on progress at the upcoming COP27 UN Climate Change Conference in Egypt, a new report from the Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, sets out the continent’s stance by balancing the need for emissions reduction with critical development imperatives. The report, Roadmap to Africa’s COP: A Pragmatic Path to Net Zero, is set within a context where Africa has borne the brunt of the most devastating impacts of climate change, while contributing little to global emissions. This low…