• About
  • Advertise
  • Privacy & Policy
  • Contact
NetbuzzAfrica.
  • Home
  • Africa
    • All
    • East & Central Africa
    • North Africa
    • Southern Africa
    • West Africa
    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    Maxwell, Nana Ama McBrown, and Serwah Prikels

    Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

    NAM 1

    Menzgold customers to meet police over GH¢5m released by NAM 1

    Mining Indaba 2024

    Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    museums in Africa

    Yale to support museums and cultural institutions across Africa

    Petroleum prices surge to persist amid global market dynamics - IES

    Petroleum prices surge to persist amid global market dynamics – IES

    Theresa Aba Kufuor

    Former first lady Theresa Aba Kufuor has died

    Liquid Intelligent Technologies

    Liquid Intelligent Technologies Zambia launches Azure Stack

  • People and Culture
    Cultural heritage

    Harnessing Cultural Heritage as a Catalyst for Economic Growth

    NAACP Amos C. Brown Student Fellows

    NAACP Amos C. Brown Student Fellows Return from Transformative Journey through Ghana

    Transportation Sector

    How The Transportation Sector Regained Momentum After Covid-19

    Four tips for redeploying high-value skills within your organisation

    Four tips for redeploying high-value skills within your organisation

    Top 5 African countries with the largest military personnel

    Top 5 African countries with the largest military personnel

    Owusuwah Asamoah at Face of Ghana Youth Awards

    We need women at all levels to reshape conversations – Owusuwah Asamoah

    Miss Legacy Ghana 2022

    Owusuwah Asamoah Crowned Miss Legacy Ghana 2022

    Masturbation can Boost Your Immune System

    Masturbating can boost your immune system to fight coronavirus – Doctor

    Man Borrows N400k From His Girlfriend to Marry Another Woman

    Man Borrows N400k From His Girlfriend to Marry Another Woman

  • Editor’s Pick
    African Development Bank and Google collaborate on digital transformation in Africa

    African Development Bank and Google collaborate on digital transformation in Africa

    Suakin

    Six African heritage sites under threat from climate change

    Why a court should force Apple to reinstate Fortnite

    Why a court should force Apple to reinstate Fortnite

    Addis Ababa's Bole Airport Opens New Terminal

    Addis Ababa’s Bole Airport Opens New Terminal

    How men can improve their sexual performance

    How men can improve their sexual performance

    Uterine fibroids

    How To Treat Fibroid With Supplements

    The Future is Hydroponics

    Shaping a New Food System with Hydroponics

    5 Causes of Sexual Problems in Men

    5 Causes of Sexual Problems in Men

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

  • International
    A Technologically Empowered Future for Tourism

    A Technologically Empowered Future for Tourism

    Yasmina Villas at Expo Valley

    Introducing Yasmina Villas at Expo Valley

    Expand North Star 2023

    World’s largest startup show opens in Dubai

    German parliament reforms skilled work immigration law

    Germany introduces new ‘Opportunity Card’ for foreigners

    Kamala Harris

    WATCH: U.S. VP Kamala Harris meets Akufo-Addo at Jubilee House

    WorldRemit

    WorldRemit Data: Families to pay up to 57% more on school supplies

    Rihanna Gives Birth, Welcomes Her First Baby

    Rihanna Gives Birth, Welcomes Her First Baby With A$AP Rocky

    Jack Dorsey

    Jack Dorsey makes $978M from selling Twitter to Elon Musk

    Elon Musk secures $46.5 bln in funding for Twitter bid

    Elon Musk secures $46.5 bln in funding for Twitter bid

No Result
View All Result
  • Home
  • Africa
    • All
    • East & Central Africa
    • North Africa
    • Southern Africa
    • West Africa
    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    NBA Africa’s First Original Docuseries “Born & Bred” Premieres

    Maxwell, Nana Ama McBrown, and Serwah Prikels

    Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

    NAM 1

    Menzgold customers to meet police over GH¢5m released by NAM 1

    Mining Indaba 2024

    Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    Farmout Forum Connects Investors to African Blocks at #AEW2023

    museums in Africa

    Yale to support museums and cultural institutions across Africa

    Petroleum prices surge to persist amid global market dynamics - IES

    Petroleum prices surge to persist amid global market dynamics – IES

    Theresa Aba Kufuor

    Former first lady Theresa Aba Kufuor has died

    Liquid Intelligent Technologies

    Liquid Intelligent Technologies Zambia launches Azure Stack

  • People and Culture
    Cultural heritage

    Harnessing Cultural Heritage as a Catalyst for Economic Growth

    NAACP Amos C. Brown Student Fellows

    NAACP Amos C. Brown Student Fellows Return from Transformative Journey through Ghana

    Transportation Sector

    How The Transportation Sector Regained Momentum After Covid-19

    Four tips for redeploying high-value skills within your organisation

    Four tips for redeploying high-value skills within your organisation

    Top 5 African countries with the largest military personnel

    Top 5 African countries with the largest military personnel

    Owusuwah Asamoah at Face of Ghana Youth Awards

    We need women at all levels to reshape conversations – Owusuwah Asamoah

    Miss Legacy Ghana 2022

    Owusuwah Asamoah Crowned Miss Legacy Ghana 2022

    Masturbation can Boost Your Immune System

    Masturbating can boost your immune system to fight coronavirus – Doctor

    Man Borrows N400k From His Girlfriend to Marry Another Woman

    Man Borrows N400k From His Girlfriend to Marry Another Woman

  • Editor’s Pick
    African Development Bank and Google collaborate on digital transformation in Africa

    African Development Bank and Google collaborate on digital transformation in Africa

    Suakin

    Six African heritage sites under threat from climate change

    Why a court should force Apple to reinstate Fortnite

    Why a court should force Apple to reinstate Fortnite

    Addis Ababa's Bole Airport Opens New Terminal

    Addis Ababa’s Bole Airport Opens New Terminal

    How men can improve their sexual performance

    How men can improve their sexual performance

    Uterine fibroids

    How To Treat Fibroid With Supplements

    The Future is Hydroponics

    Shaping a New Food System with Hydroponics

    5 Causes of Sexual Problems in Men

    5 Causes of Sexual Problems in Men

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

    KAA Gent Sets €20 million on Sevilla-target Elisha Owusu

  • International
    A Technologically Empowered Future for Tourism

    A Technologically Empowered Future for Tourism

    Yasmina Villas at Expo Valley

    Introducing Yasmina Villas at Expo Valley

    Expand North Star 2023

    World’s largest startup show opens in Dubai

    German parliament reforms skilled work immigration law

    Germany introduces new ‘Opportunity Card’ for foreigners

    Kamala Harris

    WATCH: U.S. VP Kamala Harris meets Akufo-Addo at Jubilee House

    WorldRemit

    WorldRemit Data: Families to pay up to 57% more on school supplies

    Rihanna Gives Birth, Welcomes Her First Baby

    Rihanna Gives Birth, Welcomes Her First Baby With A$AP Rocky

    Jack Dorsey

    Jack Dorsey makes $978M from selling Twitter to Elon Musk

    Elon Musk secures $46.5 bln in funding for Twitter bid

    Elon Musk secures $46.5 bln in funding for Twitter bid

No Result
View All Result
NetbuzzAfrica.
No Result
View All Result

Africa Finance Corporation deepens Asia funding with Korea Development Bank

Samcilla Baakojr by Samcilla Baakojr
November 17, 2022
in West Africa
Reading Time: 2 mins read
A A
Home Africa West Africa
Share on FacebookShare on Twitter

Africa Finance Corporation deepens Asia funding with Korea Development Bank Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, today announces the successful closing of a 5-year US$100 million loan facility from the Korea Development Bank (KDB).

The credit from South Korea’s state-owned policy bank follows a recent US$389 Samurai loan facility from Japanese investors in October, as AFC leverages Asian capital markets. KDB acted as Mandated Lead Arranger in a US$400 million syndicated loan facility raised by AFC in 2021 to support post-pandemic recovery in Africa. This new bilateral loan facility from KDB will support mid-term liquidity as AFC works to deliver fast and sustainable solutions to close Africa’s infrastructure gap and unleash the continent’s prosperity.

READ ALSO

Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

Menzgold customers to meet police over GH¢5m released by NAM 1

“We are very proud to be partnering with AFC and assisting it in its mission across Africa, as well as executing on our strategy to grow across the region,” said Philip Smith, Director and Head of Africa and the Middle East for KDB. “This facility not only builds on the relationship between our organisations, it helps to facilitate economic relations between South Korea and Africa.”

The loan facility is the latest example of AFC’s funding diversification strategy and shows the evolution in the role South Korea can play in the economic development of Africa. AFC issued its first Korean-focused instrument in 2019 with a US$140 million Kimchi term loan facility, which was well received by the South Korean debt market. In recent years, Korea has continued to shift from an aid approach to favour trade and investment in Africa, pledging US$600 million in financing in 2021 under the Korea-Africa Energy Investment Framework (KAEIF).

Banji Fehintola, Senior Director & Treasurer of AFC, said: “We are pleased to have secured this loan facility from a highly rated finance institution such as the Korea Development Bank. Our success signifies Asia and, in particular, South Korea’s growing appetite for African investments and we at AFC are committed to continue being the bridge that connects investors to Africa. We welcome KDB’s commitment to its Africa strategy and look forward to a continued partnership with them and other global investors keen on playing a part in Africa’s transformation story.”

Tags: Africa Finance CorporationKorea Development Bank
Previous Post

LittleBigSouls donates incubator to Effia Nkwanta Regional Hospital

Next Post

Ghanaians criticize “Galamsey Economy” documentary by Anas

Samcilla Baakojr

Samcilla Baakojr

I write content for a living. Chicken lover.

Related Posts

Maxwell, Nana Ama McBrown, and Serwah Prikels
Showbiz

Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

October 25, 2023
NAM 1
West Africa

Menzgold customers to meet police over GH¢5m released by NAM 1

October 23, 2023
Petroleum prices surge to persist amid global market dynamics - IES
West Africa

Petroleum prices surge to persist amid global market dynamics – IES

October 3, 2023
Theresa Aba Kufuor
West Africa

Former first lady Theresa Aba Kufuor has died

October 15, 2023
Next Post
"Galamsey Economy" documentary by Anas

Ghanaians criticize "Galamsey Economy" documentary by Anas

Alleged $8M Fraud: Hajia4Real could spend 17 years in prison

Alleged $8M Fraud: Hajia4Real could spend 17 years in prison

Cristiano Ronaldo

Manchester United’s ‘progress was zero’ - Cristiano Ronaldo

Discussion about this post

Recommended.

NBA Africa’s First Original Docuseries “Born & Bred” Premieres

NBA Africa’s First Original Docuseries “Born & Bred” Premieres

November 21, 2023
A Technologically Empowered Future for Tourism

A Technologically Empowered Future for Tourism

October 25, 2023
Maxwell, Nana Ama McBrown, and Serwah Prikels

Love and Rumors: The Tale of Maxwell, Nana Ama McBrown, and Serwah Prikels

October 25, 2023
NAM 1

Menzgold customers to meet police over GH¢5m released by NAM 1

October 23, 2023
Mining Indaba 2024

Mining Indaba 2024 hosts the return of the Mining Innovation & Research Battlefield

October 25, 2023
Pivot Digital Media Pivot Digital Media Pivot Digital Media
ADVERTISEMENT

Trending.

Black Alien Anthony Loffredo

I’m Not Human, I’m A ‘Black Alien’ – Anthony Loffredo

March 6, 2023
Kyle Burgess and Cougar

Cougar Stalks, Charges Utah Hiker for 6 Minutes

February 5, 2021
Exposed: Fauster Atta Mensah now scams as Professor John Vinzelts

Exposed: Fauster Atta Mensah now scams as Professor John Vinzelts

January 12, 2022
sex in UN official vehicle

Couple caught having sex in UN official vehicle

June 29, 2020
Couple defy lock down to have sex close to Buckingham Palace

Couple defy lockdown to have sex close to Buckingham Palace

April 13, 2020
ADVERTISEMENT

WHAT YOU MISSED

Introducing Yasmina Villas at Expo Valley

by Samcilla Baakojr
October 23, 2023
0
Yasmina Villas at Expo Valley
Design

Introducing Yasmina Villas at Expo Valley by Expo City Dubai, the epitome of serene and nature-inspired living.

Read more

World’s largest startup show opens in Dubai

by Samcilla Baakojr
October 16, 2023
0
Expand North Star 2023
Future & Startups

1,000 investors with a combined total of over US$ 1 trillion under management are ramping up the startup investor momentum...

Read more

YANGO Introduces State Of The Art Safety Technologies in Africa

by Samcilla Baakojr
September 24, 2023
0
Yango
Africa

Demonstrating Commitment to Improving Safety and Elevating Security Standards among Partner, Drivers and Riders

Read more

Ghana Celebrates Hip Hop at 50

by Samcilla Baakojr
August 23, 2023
0
Hip Hop at 50
Showbiz

Telling Ghana’s Own Love and Hip Hop Story in contribution to Hip Hop as a Global Culture On Sunday, 27th...

Read more
NetbuzzAfrica.

© 2023, Netbuzz Africa. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Africa
  • People and Culture
  • Editor’s Pick
  • International

© 2023, Netbuzz Africa. All Rights Reserved.