Italy to Provide €250 Million to Africa Finance for Energy, Rail
By and Ana Monteiro
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Italian institutions will provide as much as €250 million ($288 million) to Africa Finance Corp. to boost the European nation's participation in supply chains related to critical minerals and renewable energy.
State lender Cassa Depositi e Prestiti SpA will provide the 10-year loan facility, with Italian export-credit agency SACE covering as much as 80% of the amount, they said in an emailed statement.
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