Africa Finance Corporation (AFC), the institution specializing in infrastructure financing in Africa, plans to raise a total of nearly one billion dollars.

An executive at the pan-African financial institution announced on Wednesday that AFC has already exceeded the initial target of $750 million for its first fund dedicated to climate-resilient infrastructure in Africa. At the end of March last year, AFC announced the closing of a syndicated loan worth a record $1.16 billion obtained from several banks in Asia, the Middle East and Europe, including Standard Chartered Bank, Industrial and Commercial Bank of China, Old Style”, "serif">Industrial and Commercial Bank of China, Societe Generale , Intesa Sanpolo Bank Luxembourg et Abu