The Africa Finance Corporation (AFC) has secured a $100 million, 10-year loan facility from FinDev Canada, marking its first-ever transaction in the Canadian market and FinDev Canada’s debut infrastructure financing in Sub-Saharan Africa.

The partnership will strengthen AFC’s funding base and support renewable energy and low-carbon transport projects across the region, advancing the Corporation’s goal of driving climate-resilient infrastructure development in Africa.

AFC said the deal highlights growing global confidence in its governance standards and proven track record in delivering high-impact, sustainable projects. FinDev Canada’s decision to partner with AFC underscores the Corporation’s role as a trusted platform for channeling international development finance into Africa’s infrastructure sector.

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“We are delighted to partner with FinDev Canada on this milestone transaction,” said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC. “The facility not only diversifies our funding base but also deepens North America’s participation in Africa’s growth story.”

FinDev Canada’s Vice President and Chief Investment Officer, Paulo Martelli, said the investment aligns with the institution’s goals of promoting market development and advancing climate and nature action in Africa.

The funds will enable AFC to expand its financing of projects that tackle climate change, improve energy access, and promote sustainable economic growth across the continent.