AFC obtains credit line through Proparco and EFP

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

The Africa Finance Corporation (AFC) has secured a €50 million ($65.8 million) credit line provided by the French development agency Proparco together with European Financing Partners (EFP*). The Proparco-led line of credit has a tenor of 10-years and is a dual currency facility of euros and US dollars. The EFP tranche (€25 million) will be drawn in US dollars and will be utilised to fund Nigeria and Anglophon

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

What to watch out for in defence financings

Expert opinion

17 April 2026

What to watch out for in defence financings

Defence has emerged as a priority sector in the export and development finance communities, though the legal and compliance considerations should not be ignored. By Mark...

Dangote scales up amid energy market turmoil

Perspective

20 April 2026

Dangote scales up amid energy market turmoil

Afreximbank has signed on fresh financing for Nigeria’s oil & gas industry at a moment of crisis for the global energy business. The conflict in the Gulf has further...

Must See

Video

07 April 2026

Crisis in the Gulf: Sullivan & Worcester on trade under pressure

TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.

Expert opinion

17 April 2026

What to watch out for in defence financings

Defence has emerged as a priority sector in the export and development finance communities, though the legal and compliance considerations should not be ignored. By Mark Hunting, partner, Robert Wagman, partner, and Mark Kahn, senior associate, Bracewell.

Perspective

20 April 2026

Dangote scales up amid energy market turmoil

Afreximbank has signed on fresh financing for Nigeria’s oil & gas industry at a moment of crisis for the global energy business. The conflict in the Gulf has further underlined the fragility of international supply chains, but are West African producers set to take advantage?