{"id":24985,"date":"2022-08-31T16:49:46","date_gmt":"2022-08-31T16:49:46","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation"},"modified":"2022-08-31T17:13:53","modified_gmt":"2022-08-31T17:13:53","slug":"italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation","title":{"rendered":"Italy\u2019s CDP agrees debut EUR 100M loan for Africa Finance Corporation"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.<\/p>\n

CDP, with assets totalling over 400 billion euros, is providing the bilateral loan to support AFC projects that are urgently needed to transform African infrastructure to help combat and adapt to global warming, as well as catalyse industrialisation, create jobs and reduce poverty.<\/p>\n

\u201cBuilding strong partnerships with major international institutions such as Africa Finance Corporation is part of our strategy to scale up impact finance and accelerate the ecological transition in developing countries\u201d affirmed Antonella Baldino, Head of International Cooperation and Development Finance at CDP. \u201cIt is in this spirit that we welcomed AFC recent entry into the International Development Finance Club. By intensifying our commitment to Africa, this operation best places CDP as a partner of choice for regional and local Development Finance Institutions.\u201d<\/p>\n

The loan agreement supports CDP\u2019s mission to boost economic growth in emerging markets and expand Italy\u2019s global investment footprint and demonstrates continued interest from European investors in high-quality infrastructure projects on the African continent.<\/p>\n

\u201cThis milestone agreement today marks the start of a mutually beneficial relationship between AFC and CDP \u2013 the Italian DFI\u201d said Samaila Zubairu, President & CEO of AFC. \u201cAccess to funding from highly rated institutions, like CDP, helps us to further our commitment to investing in projects that simultaneously combat climate change and develop the critical infrastructure required for Africa\u2019s economic growth, while delivering reliably competitive investor returns.\u201d<\/p>\n

AFC has invested over $10 billion in projects spanning 35 African countries over 15 years. The Corporation draws capital from a diverse range of international investors and lenders as part of a strategy to maintain its investment grade credit rating of A3 at Moody\u2019s. CDP joins AFC\u2019s pool of funding partners comprising international development finance institutions such as the German Development Bank KfW, the India Exim Bank, and a syndication of Germany\u2019s DEG, Netherland\u2019s FMO and France\u2019s Proparco, demonstrating global investor confidence in AFC\u2019s strong credit profile and strategy to delivering de-risked, transformational projects for Africa.<\/p>\n

The focus on sustainably reducing Africa\u2019s energy deficit led to agreement by AFC last month to jointly acquire Lekela Power, the continent\u2019s biggest renewables independent power producer, with plans to double generation capacity within four years. AFC\u2019s approach to balancing the need for emissions reduction in Africa with critical development imperatives is set out in a recently published white paper titled Roadmap to Africa\u2019s COP: A Pragmatic Path to Net Zero. The report received wide endorsement from leaders including Ghana\u2019s President Nana Akufo-Addo, Nigeria\u2019s Vice President Yemi Osinbajo and the Chair of the African Group of Negotiators at COP26, Tanguy Gahouma.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure. CDP, with assets totalling over 400 billion […]<\/p>\n","protected":false},"author":84,"featured_media":24984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[5092,5096,10105,10106,429],"class_list":["post-24985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-cdp","tag-corporation","tag-ghana"],"yoast_head":"\nItaly\u2019s CDP agrees debut EUR 100M loan for Africa Finance Corporation - Ghana<\/title>\n<meta name=\"description\" content=\"The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy\u2019s CDP agrees debut EUR 100M loan for Africa Finance Corporation\" \/>\n<meta property=\"og:description\" content=\"The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-31T16:49:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-31T17:13:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_15-630f969e04e1f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Italy\u2019s CDP agrees debut EUR 100M loan for Africa Finance Corporation\",\"datePublished\":\"2022-08-31T16:49:46+00:00\",\"dateModified\":\"2022-08-31T17:13:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\"},\"wordCount\":502,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_15-630f969e04e1f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"CDP\",\"Corporation\",\"ghana\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/italys-cdp-agrees-debut-eur-100m-loan-for-africa-finance-corporation\",\"name\":\"Italy\u2019s CDP agrees debut EUR 100M loan for Africa Finance Corporation - 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