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Islamic finance boosts Africa's energy investments
Oil and Gas News
|March 2025
AFRICA Finance Corporation (AFC) secured a $400 million Murabaha financing for Africa's energy sector, highlighting the growing role of Islamic finance in Africa's infrastructure development and the potential for deeper financial cooperation between Arab and African nations in the energy sector.
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The facility, upsized from $300 million, attracted 11 Islamic financial institutions, including Abu Dhabi Islamic Bank, Al Rajhi Bank, and Emirates Islamic Bank.
The Murabaha financing structure aligns with Sharia principles, offering an attractive and ethical investment vehicle for Middle Eastern and North African financial institutions seeking exposure to African markets.
This story is from the March 2025 edition of Oil and Gas News.
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