U.S. Development Finance Corporation Approved USD 702.3 M in Investments into Africa Between July and December 2024

The U.S. International Development Finance Corporation (DFC) continues to make significant strides in Africa, approving USD 702.3 M in investments across the continent over a six-month period spanning the fourth quarter of fiscal year 2024 through the first quarter of fiscal year 2025 (July 1st, 2024- Dec 31st 2024). 

These transactions, which account for a notable share of DFC’s global commitments, represent approximately 9.5% of the over USD 7.4 B in total transactions approved and committed by the agency worldwide during the same timeframe.

The USD 702.3 M committed to Africa is part of a broader strategy to mobilize private capital in underserved regions, addressing critical challenges such as energy access, food security, infrastructure development, and economic inclusion. By leveraging financial tools strategically, DFC has targeted projects that deliver measurable developmental impact while advancing U.S. foreign policy objectives.

The period’s investments reflect DFC’s dual-level approval framework, which includes transactions approved by the DFC board of directors for large-scale, strategically significant projects and Sub-board-approved transactions for smaller, localized initiatives.

The total approved transactions into Africa over the 6-month period totalled USD 702.3 M from 34 total transactions at both board and sub-board levels.

Quarter on Quater Performance