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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…

Africa Finance Corporation (AFC)

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    • AFC and JOI partner to boost Japan-Africa ties, driving transformative projects and Africa’s energy transition (1)
    • AFC and JOI partner to boost Japan-Africa ties, driving transformative projects and Africa’s energy transition (2)
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Source: Africa Finance Corporation (AFC) |

Japanese Investment in Africa Finds New Support through Africa Finance Corporation (AFC) and Japan Institute for Overseas Investment (JOI) Partnership

The Memorandum of Understanding (MOU) signed with JOI sets out to drive transformative projects that will accelerate Africa’s energy transition and enhance economic sustainability

With a mission to scale investment in Africa, a new collaboration between Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, and the Japan Institute for Overseas Investment (JOI), established by the initiative of the Japan Bank for International Cooperation (JBIC), is set to embark on a series…

Africa Finance Corporation (AFC)

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    • AFC has facilitated a landmark US$200 million corporate finance facility for the BUA Group
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Facilitates Landmark US$200 Million Corporate Finance Facility for BUA Group

The financing, approved by Afreximbank in two tranches, supports BUA’s medium-term objectives by unlocking capital to pursue emerging market opportunities

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has facilitated a landmark US$200 million corporate finance facility for the BUA Group, a prominent Nigerian conglomerate spanning food, infrastructure, mining and manufacturing sectors. The facility, provided to BUA Industries Limited by the African Export-Import Bank (Afreximbank), marks the…

Africa Finance Corporation (AFC)

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    • AFC President & CEO Samaila Zubairu and Saudi Exim Bank CEO, His Excellency Eng. Saad Al-Khalb, sign an MoU to boost investment, support joint projects, and expand non-oil Saudi exports to Africa, aligning with Saudi Vision 2030
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Source: Africa Finance Corporation (AFC) |

Saudi Export-Import Bank (Saudi EXIM) Bank and Africa Finance Corporation Sign Memorandum of Understanding (MoU) to Enhance Export Activities in the Middle East and Africa

At the heart of AFC’s mission is a commitment to delivering impactful solutions for Africa, across its core sectors of power, natural resources, transport and logistics, heavy industry, and technology

The Saudi Export-Import Bank (Saudi EXIM) and Africa Finance Corporation(AFC) (www.Africafc.org), Africa’s leading infrastructure solutions provider, have signed a Memorandum of Understanding (MOU) to collaborate on initiatives to boost exports in both the Kingdom of Saudi Arabia and AFC’s member countries This MoU, signed on the sidelines of the ongoing…

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 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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    • 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)
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…

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…