NIGERIA: Africa Finance Corp (AFC) has announced its plans to raise US$300 million through a Shariah compliant Murabahah facility by the end of the year, on the 6th November 2024, marking its first Islamic finance venture in nearly a decade. The move comes amid growing interest from Gulf nations to support Africa’s infrastructure projects, Bloomberg reported.
First Abu Dhabi Bank will serve as the global coordinator, with additional support from Emirates NBD Capital and SMBC.
