Africa Finance Corporation (AFC), an infrastructure solutions provider on the continent said it has secured a $625 million syndicated loan with new lenders from the Middle East and Asia.
The transaction was upsized from an initially planned $500 million following an oversubscription of 61 percent
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Folake Balogun
Folake Balogun is a technology journalist covering Africa’s digital economy, with a focus on startups, fintechs, venture capital, artificial intelligence, and emerging technologies. Her work explores the intersection of technology, business, and society, highlighting how innovation is reshaping industries and everyday life across Africa and global markets. She translates complex trends into insightful and impactful stories for a wider audience.
