Africa Finance Corporation (AFC), an infrastructure solutions provider on the continent said it has secured a $625 million syndicated loan with new lenders from the Middle East and Asia.
The transaction was upsized from an initially planned $500 million following an oversubscription of 61 percent
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
