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Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) and the Export-Import Bank of China (CEXIM) join forces under an MoU to drive strategic infrastructure and trade projects across Africa
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation and the Export-Import Bank of China (CEXIM) Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa

To date, AFC has secured a total of US$700 million in financing from CEXIM, including a US$300 million facility in 2018 and another US$400 million loan in 2023

Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to deepen collaboration in financing strategic infrastructure and trade projects across Africa. The agreement builds upon an existing relationship between the two institutions, dating back to…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC), successfully closes a US$400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market for the first time in eight years
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Raises US$400 million in Shariah-compliant Commodity Murabaha facility to fund African Infrastructure

AFC has consistently broadened its funding portfolio with innovative transactions that open new capital markets to attract global investors to African infrastructure

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully closed a US$400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market for the first time in eight years. This milestone reflects AFC’s commitment to diversifying funding sources while expanding access to…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) has received the highest issuer credit rating, an AAAspc with a stable outlook, from S&P Ratings (China) Co., Ltd. (S&P Global (China) Ratings), demonstrating AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Earns Top AAAspc Rating from S&P Global (China) Ratings, Further Enhancing Capital Diversification Opportunities

The Corporation’s Basel II capital adequacy ratio stood at 34.7% as of mid-2024, well above its internal target of 30%

Africa Finance Corporation (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has received the highest issuer credit rating, an AAAspc with a stable outlook, from S&P Ratings (China) Co., Ltd. (S&P Global (China) Ratings), demonstrating AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding. It is the…

Africa Finance Corporation (AFC)

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    • AFC successfully prices its debut US$500M perpetual hybrid bond, advancing transformative infrastructure across Africa
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Successfully Priced its inaugural Hybrid Bond Raising US$500 million for Transformative Infrastructure Projects

Priced at a coupon of 7.50% with no fixed maturity, AFC’s maiden perpetual bond attracted robust demand, peaking at US$1.1 billion in orders, and closed with 1.5 times oversubscription

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully priced a US$500 million perpetual hybrid bond. This landmark transaction, which is AFC’s debut hybrid bond issue, demonstrates AFC’s leadership in accessing global capital markets and financing transformative infrastructure projects across the continent. Priced at a coupon…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) has received an AAA domestic credit rating with a stable outlook from China Chengxin International Credit Rating Co. Ltd (CCXI)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) receives AAA rating from China Chengxin, as the Corporation positions for further diversification in funding sources

The AAA rating from CCXI affirms the Corporation’s intrinsic financial strength and disciplined approach to risk management

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has received an AAA domestic credit rating with a stable outlook from China Chengxin International Credit Rating Co. Ltd (CCXI). The milestone rating enables AFC to deepen its engagement in China’s vast domestic debt capital markets. It positions the…

Africa Finance Corporation (AFC)

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    • African Development Bank (AfDB) approves a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa
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Source: Africa Finance Corporation (AFC) |

African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) (www.AfricaFC.org) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects,…

Africa Finance Corporation (AFC)

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    • AFC's President & CEO, Samaila Zubairu, engages with U.S. President Joe Biden, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and Angolan President João Lourenço in pivotal discussions on the transformative Zambia-Lobito Rail project
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC)-led Zambia Lobito Rail Project receives boost from Biden visit to Angola

The project is led by the Lobito Corridor consortium, with AFC as the as lead developer, working in partnership with the US Government

Lobito rail project will break ground by early 2026, AFC CEO Zubairu says at Presidential forum AFC commits up to US$500m in financing for Zambia-Lobito greenfield rail AFC announces MOU with Kobold Metals as anchor client, guaranteeing at least 300,000 tons of copper and related freight per year AFC pledges…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Leads up to €2 Billion Syndicated Facility in Largest-Ever Global Loan Syndication for Bank of Industry

The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI), Nigeria’s largest and most impactful development finance institution. The transaction…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (1)
    • Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards

Every year, the IJInvestor Awards celebrates the best fundraising, deployment, and mergers and acquisitions activities within the energy and infrastructure sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held last night at a gala dinner in London, the Corporation received this prestigious award for providing unique financial advisory services to partners on…

Africa Finance Corporation (AFC)

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    • AFC secures $300M India-focused loan, expanding global partnerships and driving African infrastructure development
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Secures US$300 Million Loan, Expanding Investor Base with Indian Lenders

This landmark transaction, commemorated in Dubai, underscores AFC's robust standing as an investment-grade rated development financial institution with a unique ability to attract diverse global investors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a significant milestone in its ongoing strategy to diversify its international investor base. The transaction introduced a new group of lenders from India, further expanding AFC’s global partnerships. This…