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Africa Finance Corporation (AFC)

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    • The Africa Finance Corporation (AFC) and the Fund for Export Development in Africa (FEDA) have partnered to support ARISE IIP’s US$443 million capital raise, aimed at accelerating industrial transformation across 12 African countries. This collaboration marks a significant step toward boosting Africa’s role in global value chains and driving sustainable economic growth
    • (L-R) Benedict Okey Oramah, Marlene Ngoyi, Gagan Gupta, and Samaila Zubairu
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Source: Africa Finance Corporation (AFC) |

Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE IIP’s US$443 Million capital raise

ARISE IIP's total equity capital now exceeds US$1 billion, with Africa Finance Corporation (AFC) holding a majority stake, followed by Afreximbank’s FEDA and Equitane as key shareholders

ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million. The funding includes a strategic US$300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing Afreximbank’s FEDA a significant stake in…

Africa Finance Corporation (AFC)

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    • AFC returns to the global debt capital markets with an oversubscribed US$500 million Eurobond, underscoring strong investor confidence in Africa’s leading infrastructure solutions provider
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Returns to Global Debt Capital Markets with Oversubscribed Five-Year US$500m Eurobond

With an order book exceeding US$1.2 billion, the bond drew high-quality investors seeking exposure to investment-grade issuers like AFC

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced an outstanding return to the global debt capital markets, successfully issuing a US$500 million 144A/Reg S Eurobond. The benchmark five-year Note, issued at par with a coupon of 5.55%, had a negative concession with pricing inside the…

Africa Finance Corporation (AFC)

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    • AFC have agreed with Itana to jointly develop the first digital economic zone in Africa designed for global and Pan-African technology, finance and service-based businesses to operate and scale with ease across Africa, unlocking the continent’s digital economy
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation partners with Itana for the creation of Africa’s first digital economic zone

Africa Finance Corporation (AFC) will support Itana with project development funding and intends to lead in the financing of phase 1 of the Itana project which is budgeted at around $100m

Itana (http://apo-opa.co/4dnuip1), Nigeria’s first licensed digital economic zone management company, and Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, have agreed to jointly develop the first digital economic zone in Africa designed for global and Pan-African technology, finance and service-based businesses to operate and scale with ease…

Africa Finance Corporation (AFC)

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    • AFC's A3 rating affirmed by Moody's with a stable outlook, reflecting the Corporation's commitment to investing in critical infrastructure like wind energy
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Source: Africa Finance Corporation (AFC) |

Moody’s Affirms Africa Finance Corporation's (AFC) A3 Rating with a Change from Negative to Stable Outlook

The decision by Moody’s is crucial for AFC to continue leveraging its top-tier credit ratings to achieve among the lowest borrowing costs of any institution in Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with…

Africa Finance Corporation (AFC)

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    • From left to right: Honourable Minister of Transport for Zambia, Mr. Frank Tayali MP, President & CEO of Africa Finance Corporation, Samaila Zubairu, and Honourable Minister of Transport for Angola, Mr. Ricardo Viegas d’Abreu, at the signing of the Zambia Lobito Rail Project concession agreements during the 79th UN General Assembly
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Signs Concession Agreements with Governments of Angola and Zambia to advance Zambia Lobito Rail Project

The railway is expected to create economic benefit of approximately $3 billion across both countries, reduce emissions by approximately 300,000 tons per year and add over 1,250 jobs across construction and operations

In a significant milestone for the Zambia Lobito Rail Project, Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the transformational railway project. The agreements, which were signed yesterday…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Leads Nigeria’s Inaugural Domestic Dollar Bond, Raising over US$ 900 million

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a significant milestone in the country's economic development. AFC acted as Global Coordinator on the first-of-its-kind issuance…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Supports Africa’s Largest Methanol Plant, Transforming Flared Gas into Valuable Resources

The project in Akwa Ibom, Nigeria, targets producing an initial 1.8 million tonnes per annum (MTPA) of methanol, diversifying the local economy and generating over 18,000 jobs

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and…

Africa Finance Corporation (AFC)
Source: Africa Finance Corporation (AFC) |

Federal Government of Nigeria & Digital Free Zones in Nigeria (DiFZIN) inaugurate committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses

Digital Free Zones foster innovation and economic expansion by leveraging cutting-edge digital technologies such as AI and Edge Computing, and a supportive regulatory environment

In a bid to drive the ease of doing business for global digital, finance, knowledge- and services-oriented enterprises in Nigeria, the Federal Government of Nigeria established a steering committee chaired by President Bola Ahmed Tinubu GCFR to drive the promotion and establishment of a digital free zone in Nigeria to…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) Further Diversifies Shareholders with New Equity from Democratic Republic of Congo’s (DRC's) Rawbank
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Further Diversifies Shareholders with New Equity from Democratic Republic of Congo’s (DRC's) Rawbank

AFC has mobilised over US$200 million in investments in DRC across its key sectors of natural resources, power, transport, and heavy industries, holding an investment pipeline of over US$850 million in the near- to-medium term

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received a new equity investment from Rawbank, one of the Democratic Republic of Congo’s (DRC) leading banking and financial institutions. This equity injection is aligned with AFC’s strategy to mobilize African capital and diversify…

Africa Finance Corporation (AFC)
Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Appoints Banji Fehintola as Executive Director, Financial Services

With over two decades of extensive experience in global markets, financial services and infrastructure finance across Africa, Banji brings a wealth of expertise to his new role at AFC

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has appointed Banji Fehintola as its new Executive Director of Financial Services, effective August 1. Banji brings extensive financial expertise and leadership experience to drive AFC's strategic initiatives to further strengthen its financial position and enhance the Corporation's…