The Italian development finance institution Cassa Depositi e Prestiti (CDP) has agreed a debut €100-million loan for African infrastructure solutions provider Africa Finance Corporation (AFC), to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure. CDP is providing the bilateral loan to support AFC projects that it says 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.
