Press Releases and News

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount.

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount.

The agreement will facilitates the identification of potential business opportunities between companies from Italy and Mexico.

The financing will support Acqua Novara.VCO’s €300 million investment plan for 2025-2030. Two-thirds of the EIB loan is backed by SACE via its Archimede guarantee, while the remaining third is guaranteed by the European Union’s InvestEU programme. The planned work will help improve the quality of water and wastewater treatment services in the provinces of Novara and Verbano-Cusio-Ossola, benefiting over 450 000 people.

As Part of the Italian Government Mission, SACE signs Agreements with Uzbekinvest, Imagro and Bering Servis, Pietro Fiorentini, Hududgaztaminot JSC and Texnopark, Halyk Bank Citi and Samruk Energy