Ashurst advises Africa Finance Corporation on US$100 million Indian EXIM Bank bilateral loan facility

Global law firm Ashurst has advised longstanding client, the Africa Finance Corporation (AFC) on the raising of a US$100 million loan facility with Indian EXIM Bank, the latest significant financing in the African market.

This is AFC's second financing with India EXIM, following a successful loan in 2021, and further strengthens AFC's relationship with Indian financial institutions and demonstrates its success in attracting diverse global capital.

The proceeds of the debt which will be used to finance AFC's infrastructure, trade and impact development initiatives across the African continent.

The team was led by partner Matthew Wood, supported by associates Edgar Thornton and Brakemi Ebi-Ogbomah.