Africa Finance Corporation (AFC) Backs Mota-Engil Africa with EUR 100M Facility to Boost Gold Mining in West Africa
Summary
The funding will support the acquisition of equipment, inventories, and site infrastructure for the execution of three new gold- mining contracts in C\xf4te dIvoire and Mali.AFCs funding will enable Mota-Engil Africa to scale up operations in West Africas burgeoning mining sector, where gold remains a critical export commodity and a driver of local employment and foreign exchange earnings. Gold continues to be a vital economic driver for many African nations, and through this investment, AFC is helping to unlock long-term value- supporting export earnings, job creation, and broader industrial development of the region.Manuel Mota, Chairman, Mota-Enjil Africa said: Today marks a significant milestone for Mota-Engil Africa. This achievement reflects not only the strength of our project portfolio but also the confidence that premier institutions like AFC place in our strategy, our capabilities, and our people.This latest investment builds on AFCs strategy to expand its portfolio into critical contractor financing initiatives across Africa; not only supporting the execution of critical public and private sector projects but unlocking much needed on and off-balance sheet financing opportunities. Notably, AFC is also the commercial tranche financier of the 186 Metallic Bridges project being constructed by Conduril Engenharia S.A. in Angola. AFCs approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africas infrastructure development needs and drive sustainable economic growth.Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications.