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2 Novembre 2022

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AFRICA-TOKYO IS TARGETING THE CONTINENTAL BANKING MARKET

AFRICA - The Africa Finance Corporation (Afc) announced through a press release that it has successfully closed an agreement thus obtaining a term line of credit with some Japanese banks, the so-called Samurai consortium, for a total amount of 389 million dollars , to diversify its funding sources. Japanese investors include Mizuho Bank, Mufg Bank, Sumitomo Mitsui Banking Corporation as lead arranger and bookrunner mandates while Bank of Yokohama, Norinchukin Bank, Shiga Bank and Gunma Bank are the other financial institutions that participated in the transaction.The credit line is denominated in two currencies: $ 382 million and Japanese yen 1 billion. The term line of credit marks the second foray of Samurai, the multilateral institution specializing in infrastructure financing in Africa on the Japanese capital markets, after a first line of loan of 233 million dollars and 1 billion yen obtained in 2019. Founded in 2007 with an initial capital of 1.1 billion dollars, AFC's main mission is to catalyze infrastructure investments in Africa. Its main shareholders are the African Reinsurance Corporation, the African Development Bank (AfDdb) and the Pan-African banking groups Ecobank and United Bank for Africa (Ubba). The institute has claimed over $ 10 billion in investments in 35 African countries over the past fifteen years. (ICE ADDIS ABEBA)


Fonte notizia: infoafrica