Santander and AFC provide €100 million financing to Togo's Ministry of Finance for Italian agricultural machinery

Banco Santander S.A. (Santander) and Africa Finance Corporation (AFC) have provided a €100 million financing to the Ministry of Finance and Budget of Togo for the supply of Italian-made tractors, ploughs, seed drills and other agricultural machinery. The financing is guaranteed by SACE for €78.3 million and is aligned with the objectives of the Piano Mattei per l'Africa, which promotes the integration of Italian companies into local value chains and contributes to the geographical diversification of Italian exports. The transaction also highlights the strong growth potential of Made in Italy technologies in emerging international markets.

Santander and AFC were assisted by Watson Farley & Williams (WFW), with an international Finance team led by Partners Mario D'Ovidio (Milan) and Paul Simpson (London), working in close collaboration with Partner Furio Samela (Rome), and supported by Senior Associate Esteira Hiwaizi (London), Associate Giulia Chiarvesio (Milan) and Trainees Zuzanna Potocka (London) and Sam Gunnewicht (London).