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Africa Finance Corporation (AFC)

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    • Africa Must Rewire US$29.5 Trillion Mineral Endowment Around Industry, Infrastructure and Demand, Africa Finance Corporation Study Says
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Source: Africa Finance Corporation (AFC) |

Africa Must Rewire US$29.5 Trillion Mineral Endowment Around Industry, Infrastructure and Demand, Africa Finance Corporation Study Says

The report argues that improving geological data availability and quality is a necessary first step to de-risk projects and unlock exploration capital

Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, according to a new study (http://apo-opa.co/4txjr5p) released today by Africa Finance Corporation (AFC) (www.AfricaFC.org). Of this total, US$8.6 trillion remains…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces its role as Co-Financial Adviser on the successful issuance of the inaugural tranche of bonds under the Federal Government of Nigeria’s Presidential Power Sector Financial Reforms Programme (“PPSFRP” or the “Programme”)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Acts as Financial Adviser on Landmark Power Sector Bond Issuance under Nigeria’s Presidential Power Sector Financial Reforms Programme

AFC provided comprehensive financial advisory services to the Federal Government of Nigeria on this landmark transaction, including the design of the Programme’s negotiation strategy framework

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce its role as Co-Financial Adviser on the successful issuance of the inaugural tranche of bonds under the Federal Government of Nigeria’s Presidential Power Sector Financial Reforms Programme (“PPSFRP” or the “Programme”). The issuance of ₦501,000,000,000…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation receives ‘A’ long-term and ‘A-1’ short-term issuer credit ratings, with a Positive Outlook, by S&P Global (S&P) Ratings
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Source: Africa Finance Corporation (AFC) |

S&P Global (S&P) Assigns ‘A/A-1’ Ratings with a Positive Outlook to Africa Finance Corporation Reflecting its Robust Credit Profile

The agency pointed in particular to AFC’s capacity to structure and execute complex transactions, and to deploy capital across priority sectors where private financing alone is often insufficient

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today welcomed the assignment of ‘A’ long-term and ‘A-1’ short-term issuer credit ratings, with a Positive Outlook, by S&P Global (S&P) Ratings, following the rating agency’s official announcement. According to S&P, the ratings reflect AFC’s strong institutional and financial…

Africa Finance Corporation (AFC)

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    • Catalysing Cabo Verde’s clean energy transformation through the expanded Cabeolica Wind Farm and BESS
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Source: Africa Finance Corporation (AFC) |

Cabo Verde Inaugurates Major Expansion of Cabeolica Wind Farm and Battery Storage, Enabled by Africa Finance Corporation's (AFC) Catalytic Financing

The expansion delivers 13.5 MW of new wind capacity on Santiago alongside 26 MWh of battery storage across four islands

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced the inauguration of the expanded Cabeolica Wind Farm and Battery Energy Storage System (BESS) in Cabo Verde- an achievement made possible through AFC’s catalytic €55million bridge financing provided in 2024. The ceremony, officiated by Prime Minister Ulisses…

Africa Finance Corporation (AFC)

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    • FG Gold has reached financial close and first drawdown on its US$330 million financing with AFC and Afreximbank for the Baomahun Gold Project, marking Sierra Leone’s flagship commercial gold mine (1)
    • FG Gold has reached financial close and first drawdown on its US$330 million financing with AFC and Afreximbank for the Baomahun Gold Project, marking Sierra Leone’s flagship commercial gold mine (2)
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Source: Africa Finance Corporation (AFC) |

FG Gold, Africa Finance Corporation (AFC) and Afreximbank Achieve Financial Close on US$330 Million Senior Debt Financing for Baomahun Gold Project

During operations, the mine is expected to support up to 900 direct and indirect jobs, contribute approximately 10% of national GDP, and stimulate substantial local supply chain growth

FG Gold Limited (“FG Gold”) is pleased to announce that it has achieved financial close and the first drawdown on its US$330 million Senior Debt Financing with Africa Finance Corporation (AFC) (www.AfricaFC.org) and the African Export-Import Bank (Afreximbank), for its Baomahun Gold Project, marking the development of Sierra Leone’s flagship…

Africa Finance Corporation (AFC)

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    • H.E. Abdullah Almusaibeeh, President of BADEA, and Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, signed the US$75 million term loan facility agreement during AFC Day at the B20 Summit in Johannesburg (1)
    • H.E. Abdullah Almusaibeeh, President of BADEA, and Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, signed the US$75 million term loan facility agreement during AFC Day at the B20 Summit in Johannesburg (2)
    • H.E. Abdullah Almusaibeeh, President of BADEA, and Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, signed the US$75 million term loan facility agreement during AFC Day at the B20 Summit in Johannesburg (3)
    • H.E. Abdullah Almusaibeeh, President of BADEA, and Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, signed the US$75 million term loan facility agreement during AFC Day at the B20 Summit in Johannesburg (4)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Secures US$75 Million Credit Line from the Arab Bank for Economic Development in Africa (BADEA) to Accelerate Infrastructure Development

This new facility reinforces BADEA’s role as a strategic partner and strengthens AFC’s capacity to deliver transformational infrastructure across the continent

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has secured a US$75 million term loan facility from the Arab Bank for Economic Development in Africa (BADEA). This landmark transaction deepens AFC’s strategic partnership with BADEA. The agreement was signed by H.E. Abdullah Almusaibeeh, President of BADEA, and…

Africa Finance Corporation (AFC)

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    • AFC partners with Lagos Fashion Week 2025 to champion sustainable fashion, local manufacturing, and youth empowerment across Africa
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Partners Lagos Fashion Week 2025 to Drive Africa’s Creative and Manufacturing Transformation

The 2025 edition will spotlight circular fashion, responsible sourcing, and regional value chains, areas where AFC’s infrastructure investments are helping bridge Africa’s creative and industrial potential

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has announced its partnership with Lagos Fashion Week 2025, underscoring its commitment to empowering Africa’s youth and creative industries, as engines for inclusive economic growth. Africa’s apparel and textile exports is projected to reach$15b by 2030. As a key…

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

Moody’s Affirms Africa Finance Corporation's (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable

The decision by Moody’s is pivotal in enabling AFC to sustain one of the lowest borrowing costs among institutions in Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade.  Moody’s affirmed this rating with a stable outlook and affirmed AFC’s…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation and Africa Social Security Association launch the ‘Africa Saving for Growth’ programme under GABI to mobilise $1.17trn in African institutional savings into long-term infrastructure (1)
    • Africa Finance Corporation and Africa Social Security Association launch the ‘Africa Saving for Growth’ programme under GABI to mobilise $1.17trn in African institutional savings into long-term infrastructure (2)
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Source: Africa Finance Corporation (AFC) |

African Social Security Association Partners Africa Finance Corporation (AFC) to Unlock $1.17tn in National Savings for Infrastructure

The ‘Africa Saving for Growth’ programme was introduced today under the auspices of the Global Africa Business Initiative (GABI), part of the UN Global Compact

Launched under the Global Africa Business Initiative (GABI) during the UN General Assembly, the ‘Africa Saving for Growth’ programme brings together social security institutions from 15 countries, Morocco’s CDG Group, and the Africa Finance Corporation (AFC) (www.AfricaFC.org) to build a policy reform roadmap, expand Africa’s capital-pools dataset, and increase allocation…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC), has secured an inaugural Sustainability-Linked Term Loan Facility, marking a significant milestone in the Corporation’s innovative funding strategy and deepening its financial ties with the UAE
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Secures Inaugural AED 937.5 Million Sustainability-Linked Loan Backed by United Arab Emirates (UAE) Banks

The AED 937.50 million (US$255 million) facility reflects AFC’s commitment to use financial innovation tools to optimise funding for transformative infrastructure

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has secured an inaugural Sustainability-Linked Term Loan Facility, marking a significant milestone in the Corporation’s innovative funding strategy and deepening its financial ties with the UAE. The AED 937.50 million (US$255 million) facility reflects AFC’s commitment to use financial…