Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has secured a $100 million, 10-year loan facility from FinDev Canada, marking its first transaction in the Canadian market and FinDev Canada’s debut infrastructure financing in Sub-Saharan Africa.
The partnership will strengthen AFC’s funding base and support renewable energy and low-carbon transport projects across the region, reinforcing its mission to deliver climate-resilient and sustainable infrastructure.
The facility underscores growing global investor confidence in AFC’s robust governance, credit strength, and proven capacity to channel long-term capital into Africa’s infrastructure sector. FinDev Canada’s collaboration with AFC highlights the Corporation’s role as a trusted gateway for international investors seeking high-impact, climate-aligned investments across the continent.
FinDev Canada joins AFC’s expanding network of global partners, including Cassa Depositi e Prestiti SpA (Italy), KfW (Germany), India Exim Bank, the Export-Import Bank of the Republic of China, US International Development Finance Corporation, DEG (Germany), FMO (Netherlands), and Proparco (France).
“We are delighted to partner with FinDev Canada on this milestone transaction,” said Banji Fehintola, Executive Board Member and Head of Financial Services, Africa Finance Corporation. “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. We look forward to building on this relationship to catalyse even greater investment flows into Africa’s infrastructure sector.”
“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, FinDev Canada. “We are proud to invest in an institution which aligns with our impact development goals, particularly market development and climate and nature action.”
Proceeds from the facility will enable AFC to advance its long-term strategy of financing innovative projects that address climate change, expand energy access, and drive sustainable economic growth across Africa.
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