CDP and SACE Provide €250 Million Loan to Africa Finance Corporation

Africa Finance Corporation (AFC) has secured a €250 million 10-year loan from Cassa Depositi e Prestiti (CDP), backed by a guarantee from SACE. This strategic move aims to enhance Italian supply chain opportunities in infrastructure and renewable energy across Africa, with a focus on the Lobito Railway Corridor. This railway will link Angola with Zambia and the Democratic Republic of Congo, bolstering regional trade and industrialization.

The collaboration was cemented at the Mattei Plan-Global Gateway summit. Here, Italian Prime Minister Giorgia Meloni and European Commission President Ursula Von der Leyen endorsed the agreement. The partnership highlights Italy's commitment to fostering economic and technological ties with Africa, enhancing local growth.

AFC, with 45 member countries, continues to position itself as a key player in Africa's infrastructure landscape, having invested over $15 billion since its inception in 2007. This new deal aligns with its objectives of sustainable development and global value chain integration.