Cassa Depositi e Prestiti and SACE grant 250 million euros to Africa Finance Corporation

The Africa Finance Corporation (AFC) has secured a €250 million, 10-year loan from Cassa Depositi e Prestiti (CDP), backed by a guarantee from SACE. This financing aims to boost Italy's infrastructure and renewable energy supply chain in Africa, with a focus on the Lobito rail corridor in Angola.

This loan is the result of a commitment made at the Mattei Summit for Africa, highlighting collaboration between Italy and Africa. It strengthens AFC's strategic partnership with CDP and SACE, mobilizing capital for sustainable infrastructure in Africa.

CDP and SACE leaders support this financing as an opportunity to expand Italian-African trade relations, with a significant impact on the local economy and innovation.