Finance : AFC secures €250M loan to boost infrastructure ties with Italy

Africa Finance Corporation has secured a landmark €250 million, 10-year loan from CDP, Italy’s development finance institution, backed by an 80% SACE guarantee. Announced during the Mattei Plan–Global Gateway summit, the deal supports Italian supply chains in infrastructure and renewables, including component supply for the Lobito Corridor railway linking Angola, Zambia, and DRC.