AFC scores $140m Kimchi loan as Asian influence in Africa rockets

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AFC scores $140m Kimchi loan as Asian influence in Africa rockets

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EA4KTC Image of modern Africa map illustration | Alamy Stock Photo

Lagos-headquartered multilateral finance institution Africa Finance Corporation (AFC) signed a $140m-equivalent syndicated Kimchi term loan facility with Shinhan Bank — its first Korean-focused tool, as the bank diversifies its funding sources.

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