Africa Finance Corporation (AFC) has raised a $2 billion syndicated loan, increasing the facility from an initial $1.6 billion target, supported by a broad base of international lenders.

The financing drew participation from banks across Asia Pacific, Europe, the Middle East and Africa, reflecting wide investor demand for AFC’s infrastructure-led investment strategy. Asia Pacific and Europe each accounted for 35% of commitments, the Middle East 25% and Africa 5%.

The facility is intended to support AFC’s continued investment in infrastructure and industrial projects across the continent, as the organisation scales its portfolio across energy, transport, logistics and industrial development.

The transaction also strengthens AFC’s balance sheet, following recent credit ratings upgrades, including an ‘A’ rating with a Positive Outlook from S&P Global Ratings, alongside long-standing A3 and A+ ratings from Moody’s and Japan Credit Rating Agency.

“This transaction reflects growing recognition that Africa’s next phase of growth will be driven not by isolated projects, but by integrated infrastructure systems that connect energy, transport, logistics, industry and technology. As global capital seeks resilient long-term growth opportunities, AFC has positioned itself at the centre of Africa’s transformation by developing the platforms and ecosystems that convert infrastructure into industrialisation, jobs and economic competitiveness,” said Samaila Zubairu, President and Chief Executive Officer of AFC.

AFC said it continues to expand its footprint across the continent and recently announced plans to open its first regional office outside Lagos in Nairobi. Its total assets have surpassed $19 billion, with membership now spanning 48 African countries.

The syndicated facility is expected to complement growing pools of African institutional capital, including pension funds, which AFC has identified as an important source of long-term infrastructure financing.

The loan was arranged by a group of global financial institutions, including Barclays, Commerzbank, First Abu Dhabi Bank, FirstRand Bank (Rand Merchant Bank), Standard Chartered and several lenders from Asia, the Middle East and Africa.

“This transaction reflects sustained investor conviction in AFC’s credit strength, strategic relevance and execution capabilities,” said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC. “The strong support from a broad group of international financial institutions reaffirms sustained investor conviction in AFC’s mission to deliver transformative infrastructure and industrial projects with lasting economic impact across Africa.”