New Delhi, May 19 (IANS) The India Exim Bank on Tuesday extended a $100 million loan to the Africa Finance Corporation (AFC) to support India’s project exports on the continent.The fresh loan is in addition to a facility of $100 million extended to the AFC in August 2021 to develop critical infrastructure required for the revival of Africa’s economies in the wake of the Covid-19 pandemic, and another credit line of $100 million, extended in March 2026, to support India’s project exports in…
Latest Africa Finance Corporation News & Updates
New Delhi, April 22 (IANS) India is expanding its financial footprint in Africa through strategic lending and trade partnerships and its Export‑Import Bank lent Africa Finance Corporation (AFC) a $100 million five‑year loan, a new report has said.The report from Business Insider Africa said the loan underlined India’s expanding financial footprint in Africa, where New Delhi has been increasing trade, investment and export‑credit support competing with China, Europe, Gulf states and the U…