AFC invests €174m in 44-MW power project in Côte d’Ivoire

Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa, is pleased to announce financial close of a bridge loan facility contracted by Ivoire Hydro Energy (IHE) for the construction of the 44-MW Singrobo-Ahouaty hydroelectric power project (SAHP) and associated infrastructure. AFC’s commitment towards IHE amounts to a total of €174 million, comprising a majority equity investment of €24.4 million, and a bridge loan facility of €149.6 million. The first disbursement of the bridge loan facility occurred in December 2018.

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AFC announces completion the of construction of Bel Air Bauxite Mine in Guinea

Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa, is pleased to announce the on-time completion of the Bel Air Mine in Guinea and loading of its first shipment of high grade bauxite to China. The construction of the mine was completed on time, to budget. Steady state production capacity will be 5.5 million tonnes of bauxite per annum, which will add to Guinea’s average yearly exports of c.35 m tonnes of bauxite.

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