With a mission to scale funding in Africa, a brand new collaboration between Africa Finance Company (AFC) (www.AfricaFC.org), the continent’s main infrastructure options supplier, and the Japan Institute for Abroad Funding (JOI), established by the initiative of the Japan Financial institution for Worldwide Cooperation (JBIC), is about to embark on a collection of initiatives to facilitate capital flows.
Constructing on AFC’s stable partnership with JBIC, the Memorandum of Understanding (MOU) signed with JOI units out to drive transformative initiatives that can speed up Africa’s vitality transition and improve financial sustainability. Underscoring the shared dedication of each organisations to strengthen financial relations between Japan and African nations, the MoU envisages each establishments working collectively to offer Japanese traders with essential insights, danger mitigating options, and entry to financing alternatives on the continent.
Banji Fehintola, Govt Board Member and Head of Monetary Providers at AFC, commented: “Japan has been a pivotal accomplice in our mission to ship transformational infrastructure options throughout Africa. By collaborating with JOI, we intention to create a extra enabling setting for Japanese traders, thereby facilitating impactful investments that advance financial prosperity on the continent.”
Kenichiro Hayashi, President of JOI, stated: “The partnership with AFC marks a big step ahead in fostering funding alternatives for Japanese corporations in Africa and along with AFC, we’ll present Japanese corporations with the mandatory data. This partnership not solely strengthens our ties but additionally reinforces our shared imaginative and prescient of a affluent future by way of strategic funding.”
AFC’s presence within the Japanese capital markets continues to develop. In 2022, AFC secured a $389 million dual-currency Samurai time period mortgage facility, with robust curiosity from Japanese traders together with Mizuho Financial institution Ltd, MUFG Financial institution Ltd., and Sumitomo Mitsui Banking Company appearing as Mandated Lead Arrangers and Bookrunners. In 2019, AFC launched its first Samurai mortgage facility, elevating $233 million and ¥1 billion.
Distributed by APO Group on behalf of Africa Finance Company (AFC).
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Yewande Thorpe
Communications
Africa Finance Company
Cellular : +234 1 279 9654
E-mail : yewande.thorp4e@africafc.org
About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments throughout Africa. AFC’s method combines specialist business experience with a concentrate on monetary and technical advisory, undertaking structuring, undertaking growth, and danger capital to deal with Africa’s infrastructure growth wants and drive sustainable financial development.
Seventeen years on, AFC has developed a monitor document because the accomplice of selection in Africa for investing in, and delivering on instrumental, high-quality infrastructure belongings that present important providers within the core infrastructure sectors of energy, pure sources, heavy business, transport, and telecommunications. AFC has 43 member nations and has invested US$13 billion throughout Africa since inception.