The AFRICAN FINANCE AND ECONOMIC ASSOCIATION congratulates the Africa Finance Corporation on its $300 million loan secured from the State Bank of India, Canara Bank, and the Bank of India! AFRICA DIGEST NEWS
Africa Finance Corporation (AFC) has secured a $300 million loan from Indian banks, including the State Bank of India, Canara Bank, and Bank of India. The loan will fund renewable energy projects across Africa, a crucial step in AFC’s mission to address the continent’s energy challenges. ✅ The funds will drive sustainable growth through clean energy, creating jobs and reducing reliance on fossil fuels. ✅AFC’s strong credit rating and successful track record in financing infrastructure projects set the stage for impactful development. This partnership underscores the importance of international collaboration in tackling Africa’s energy needs. With the support of Indian banks, AFC is positioning itself to lead Africa’s renewable energy transformation. Here is more: https://lnkd.in/dqxbMeWi #Energy #RenewableEnergy #SustainableGrowth #AFC #India #AfricaEnergy #GlobalCollaboration #Infrastructure
