In Early 2021, the Africa Finance Corporation (AFC) secured a tier-2 loan of $250 million from the U.S. International Development Finance Corporation (DFC) to enable the institution to continue its low-cost financing to African borrowers in the wake of COVID-19. This move signifies greater opportunities for US-African collaboration and the essential role of African development finance institutions in addressing the effects of the COVID-19 pandemic.
The Africa Center had the pleasure of hosting Mr. Sanjeev Gupta, executive director of financial services at AFC, and Ms. Danielle Montgomery, managing director of structured finance at the DFC, for an interview to discuss opportunities for US-African collaboration for post-COVID recovery, the recently announced capital loan, which is intended to help address Africa’s infrastructure deficit and spur economic growth, and the importance of partnerships to advance development goals.
Watch the full interview, moderated by Africa Center Senior Fellow Aubrey Hruby, below.
Event Recap Mar 23, 2021
InfraCorp set to attract global investors to Nigerian infrastructure
By Africa Center
On Tuesday, March 23, the Africa Center hosted, in partnership with the US-Nigeria Council, a panel on investing in infrastructure in Nigeria, featuring a launch of the new and innovative Infrastructure Corporation of Nigeria (InfraCorp).
AfricaSource Dec 22, 2020
African outlook 2021: The Africa Center reflects on 2020 and looks ahead
By Africa Center
African nations have mostly escaped the heavy death toll and hospital bed shortages faced by Western countries, but the COVID-19 pandemic has dealt a disproportionately severe blow to the continent’s economic ambitions. Fortunately, robust collaboration between African public and private sectors, and particularly innovative financing measures from African development institutions—including members of the Africa Center’s […]
The Africa Center works to promote dynamic geopolitical partnerships with African states and to redirect US and European policy priorities toward strengthening security and bolstering economic growth and prosperity on the continent.