Africa Finance Corporation launches $2bn facility for Africa’s recovery
Published On May 15, 2022 » 1296 Views» By Times Reporter » Latest News
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By DOROTHY CHISI –
AFRICA Finance Corporation (AFC) has announced the launch of a US$2 billion facility to support bank-driven economic recovery in Africa, and the resilience of African economies.
This is to help cushion the ongoing global crises including the COVID-19 pandemic and more recently the Russia-Ukraine conflict.
AFC has committed to funding up to 50 per cent of the facility and mobilising the rest through its network of international partners and investors.

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