AFC helps finance Mauritanian port redevelopment
The Africa Finance Corporation (AFC) is part a financing package worth $390 million to fund the modernisation of Port of Nouakchott, in Mauritania.
The project is the first public private partnership project in Mauritania to be completely privately financed. AFC, together with other African banks and international private investors, has provided $160 million in debt financing to Arise Mauritania, the company handling the project, with the remainder of the money coming from equity contributions.
Arise Mauritania received legal advice on the Mauritania funding from Linklaters, whose team was led by Paris banking and finance practice head Bertrand Andriani. He was joined on the project by managing associates Aymeric Voisin and Pierre Sikorav, associates Binta Barry and Etienne Paletto and junior associate Léa Prince Agbodjan. The firm previously acted on the concession agreement between Arise and the Mauritanian government. Hogan Lovells acted for AFC.
