African Finance Corporation receives a USD 100 million loan from FinDev Canada to advance sustainable infrastructure in Sub-Saharan Africa
Posted on : Thursday, 30th October 2025
Africa Finance Corporation (AFC), one of Africa's top suppliers of infrastructure solutions, has received a USD 100 million loan from FinDev Canada, the bilateral Development Finance Institution of the Canadian government. The funding will help Sub-Saharan Africa construct sustainable infrastructure projects, with an emphasis on low-carbon transportation and renewable energy.
Through the facility, AFC will be able to establish a pipeline of climate-aligned projects that increase the region's access to clean energy, such as wind and solar photovoltaic projects. Additionally, it will assist in funding low-carbon railway infrastructure for a Democratic Republic of the Congo inter-urban metro project. By facilitating better mobility of people and products, this project seeks to improve public transportation, lower greenhouse gas emissions, and promote economic growth.
Africa is experiencing both possibilities and challenges due to its fast population increase. It creates substantial infrastructure demands to support sustainable economic expansion, but it also offers the possibility of a dynamic labor force and growing customer base. The fact that 565 million people in Sub-Saharan Africa do not currently have access to power highlights how urgent it is to increase investment in vital transportation and energy infrastructure.
FinDev Canada reaffirms its dedication to promoting inclusive and climate-resilient development by extending this loan. The money raised will increase AFC's long-term funding capacity, enabling it to carry out initiatives that improve energy access, encourage sustainable growth, and mitigate the effects of climate change throughout the continent. "This deal is a significant step toward growing our market presence in the region and an opportunity for FinDev Canada to assist a top solutions provider financing vital infrastructure in Sub-Saharan Africa. Paulo Martelli, VP and Chief Investment Officer of FinDev Canada, stated, "We are pleased to invest in an organization that supports our impact development goals, especially market development and climate and nature action."
"We are thrilled to collaborate on this historic deal with FinDev Canada. This collaboration demonstrates our mutual dedication to using high-impact, climate-resilient infrastructure to accelerate sustainable development throughout the continent. In addition to broadening AFC's source of income, the deal increases North America's involvement in Africa's economic development. Banji Fehintola, Executive Board Member & Head, Financial Services, Africa Finance Corporation, stated, "We look forward to building on this relationship to catalyze even greater investment flows into Africa's infrastructure sector."
