AFC and China’s CEXIM Bank Deepen Partnership to Boost Africa’s Trade and Infrastructure
Africa Finance Corporation (AFC), a leading provider of infrastructure solutions, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to enhance financing for strategic infrastructure and trade projects across Africa.
Building on an existing partnership since 2018, AFC has already secured $700 million in financing from CEXIM, including a $300 million facility in 2018 and a $400 million loan in 2023.
The renewed collaboration will focus on funding critical sectors such as clean energy, transportation, telecommunications, and climate change mitigation while fostering knowledge exchange on project structuring and risk management.
AFC President & CEO, Samaila Zubairu, emphasized the significance of the agreement, stating, “Our partnership with CEXIM strengthens Africa’s trade and investment ties with China, creating new pathways for infrastructure development and industrial growth. Strategic collaborations like this are key to accelerating Africa’s industrialization and driving long-term prosperity.”
AFC has been expanding its footprint in China’s financial markets, securing top-tier credit ratings from China Chengxin International Credit Rating Co. Ltd (CCXI) and S&P Ratings (China) Co., Ltd.
Last year, AFC also closed a $1.16 billion syndicated loan, co-led by the Bank of China and the Industrial and Commercial Bank of China (ICBC) London Branch.
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
