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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)
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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…

Africa Finance Corporation (AFC)

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    • AFC partners with UNIDO and key global organizations to enhance sustainable industrialization and support Africa’s cotton sector through the 'Partenariat pour le coton' initiative (1)
    • AFC partners with UNIDO and key global organizations to enhance sustainable industrialization and support Africa’s cotton sector through the 'Partenariat pour le coton' initiative (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Signs Joint Declaration with United Nations Industrial Development Organization (UNIDO) and Backs Cotton Partnership at World Trade Organization's (WTO) Aid-for-Trade Global Review

The partnership will focus on constructing regional hubs for sustainable textiles to boost trade competitiveness and spur economic development within Africa’s cotton sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) to enhance sustainable industrialisation and committed to support the 'Partenariat pour le coton' initiative, which seeks to enhance Africa’s role within the global textile and apparel…

Africa Finance Corporation (AFC)

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    • AFC announces the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) invests in Africa's largest copper complex, driving mineral beneficiation on the continent

Kamoa-Kakula is a world-class, high-grade, low carbon-intensive, underground copper deposit situated on the western edge of the prolific Central African Copperbelt

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The loan by AFC, who acted both as lender…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation received top accolades at the EMEA Finance Achievement Awards in London (1)
    • Africa Finance Corporation received top accolades at the EMEA Finance Achievement Awards in London (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Receives Top Accolades at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards

The award affirms AFC’s leadership in structuring and executing complex financial transactions that foster sustainable development across regions

Africa Finance Corporation (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, received top accolades at the EMEA Finance Achievement Awards in London yesterday. AFC won “Most Innovative Bond” and the “Best Supranational Syndicated Loan,” a testament to the Corporation’s strong credit profile and solid track record in capital markets.   "The…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation and Alstom Partnership Boosts Kinshasa Rail Project
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Africa Finance Corporation and Alstom Partnership Boosts Kinshasa Rail Project

The project will unfold in four phases, starting with the overhaul of a 25km stretch from Kinshasa's central station to N’Djili International Airport, completely upgrading the existing railway

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading infrastructure solutions provider, together with Alstom, a pioneer in sustainable mobility, has signed a Memorandum of Understanding (MoU) to propel the development of the MetroKin rail project Kinshasa, Democratic Republic of Congo. This significant partnership was announced alongside the recent state visit…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) has been bestowed the Panafrican Champion award at the just concluded 2024 Africa CEO Forum in Kigali, Rwanda (1)
    • Africa Finance Corporation (AFC) has been bestowed the Panafrican Champion award at the just concluded 2024 Africa CEO Forum in Kigali, Rwanda (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) bestowed Panafrican Champion at the 2024 CEO Forum Awards

AFC's receipt of the Panafrican Champion Award underscores its commitment to pioneering projects that address the continent's critical infrastructure needs

Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent’s leading infrastructure solutions provider, has been bestowed the Panafrican Champion award at the just concluded 2024 Africa CEO Forum in Kigali, Rwanda. This accolade recognises AFC's outstanding contribution to the instrumental development and integration of infrastructure and industrial value chains across the African…