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October 20, 2025
AFC signing ceremony group photo

FinDev Canada commits USD 100 million to Africa Finance Corporation to expand sustainable infrastructure in Sub-Saharan Africa

Press Release

Canada’s bilateral Development Finance Institution, FinDev Canada announces a USD 100 million loan to Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, to support sustainable infrastructure projects in Sub-Saharan Africa.
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Summary of Anticipated Development Impacts

MARKET DEVELOPMENT

  • Increase access to finance for renewable energy and transportation projects: With the African population growing by 3.5% annually and expected to double by 2050, the need to provide infrastructure services for economic development is immense1. In Africa, the infrastructure financing gap is estimated to be between $68–108B annually and will require more than a doubling of existing investment to $130–170 billion annually2. The transaction is expected to provide tailored debt services to support projects and companies that develop and provide deliver essential power and transportation infrastructure.
1 Haas, A. Cartwright, A., Garang, A., and Songwe, V. 2023. From Millions to Billions: Financing the Development of African Cities.
2 AfDB. 2023. Public‑Private Partnerships Needed to Bridge Africa’s Infrastructure Development Gap.

Market Development

Increase access to finance for renewable energy and transportation projects

The transaction is expected to provide tailored debt services to support projects and companies that develop and provide deliver essential power and transportation infrastructure.

CLIMATE AND NATURE ACTION

  • Support climate change mitigation projects: The climate finance gap poses an imminent threat to Africa’s ability to adapt, mitigate, and build resilience against the adverse impacts of climate change. It is estimated that $2.5 trillion in climate finance will be required between 2020 and 2030 for African countries to meet their NDCs.3 This transaction is expected to support climate finance initiatives by investing in renewable energy projects and low‑carbon interurban rail transport, contributing to avoided GHG emissions and the transition to a low‑carbon economy.
3 Climate Policy Initiative. Dec 2022. Climate Finance Needs of African Countries.
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