The leading infrastructure solutions provider on the continent, Africa Finance Corporation (AFC), earlier signed a $300 million loan facility agreement with the Export-Import Bank of China (CEXIM).
The agreement, which is signed in collaboration with the Asian Infrastructure Bank (AIIB), stands to provide a boost in trade finance and investment across the African continent, which in turn will foster economic growth and development.
The 3-year loan facility of $300 million is part of AFC’s long partnership with CEXIM. The collaboration between the two institutions can be traced back to 2018 when AFC received $400 million in bilateral loans from CEXIM.
Read more: https://www.investingport.com/afc-s...as-eximbank-to-promote-african-trade-finance/