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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) 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 and Alstom Partnership Boosts Kinshasa Rail Project
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Source: Africa Finance Corporation (AFC) |

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's State of Africa's Infrastructure Report 2024
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Source: Africa Finance Corporation (AFC) |

Energy-to-Transport Disparity Heralds Unprecedented Chance to Unlock Growth: Africa Finance Corporation (AFC) State of Africa’s Infrastructure Report

Study calls for urgent reassessment of outmoded pit-to-port models and uses new metrics to respond to full scale of continent’s infrastructure opportunity

Africa has an unprecedented opportunity to accelerate development by aligning its abundant renewable energy resources with solutions for its infrastructure deficiencies. This is a key conclusion from a new annual study on the State of Africa’s Infrastructure initiated by the Africa Finance Corporation (www.AfricaFC.org). The report highlights critical gaps in…

Africa Finance Corporation (AFC)

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    • Red Sea Power, Djibouti. Photo credit: Thought Leader Global
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Africa Finance Corporation’s year of impact sees major expansion of projects and investment

Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to implement critical infrastructure projects across multiple sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and…

Africa Finance Corporation (AFC)

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    • Leaders from Saudi Arabia, Turkey, Botswana, Cameroon and Sierra Leone to lead discussions at Africa Finance Corporation’s (AFC) 4th Country & Stakeholder Symposium
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Source: Africa Finance Corporation (AFC) |

Leaders from Saudi Arabia, Turkey, Botswana, Cameroon and Sierra Leone to lead discussions at Africa Finance Corporation’s (AFC) 4th Country & Stakeholder Symposium

This year's symposium focuses on the pivotal issue of limited availability of domestic capital which continues to impede the continent's economic progress

Africa Finance Corporation (AFC) (www.AfricAFC.org) , the leading instrumental infrastructure solutions provider in Africa, is convening the 4th edition of its Country & Stakeholder Symposium (CSS) next Thursday. Themed “Retaining African Capital for a Sustainable Future”, this year's symposium focuses on the pivotal issue of limited availability of domestic capital…

Africa Finance Corporation (AFC)

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    • Turk Eximbank Joins Africa Finance Corporation (AFC) as Inaugural non-African Shareholder
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Turk Eximbank Joins Africa Finance Corporation (AFC) as Inaugural non-African Shareholder

Turk Eximbank’s investment in AFC is its first in an African entity and aligns with Türkiye’s strategic vision of fostering resilient and sustainable growth in Africa, as outlined in the government’s Africa Partnership Policy

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf of the Republic of Türkiye, marking a historic milestone in onboarding the Corporation’s first non-African sovereign shareholder. The equity subscription from Türkiye’s official export credit agency advances AFC’s mission…

Africa Finance Corporation (AFC)

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    • AFC signs a US$350 million long-term line of credit with the AfDB to support infrastructure projects (1)
    • AFC signs a US$350 million long-term line of credit with the AfDB to support infrastructure projects (2)
    • AFC signs a US$350 million long-term line of credit with the AfDB to support infrastructure projects (3)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Signs US$350 Million Long-term Line of Credit with African Development Bank for Infrastructure

The financing agreement with AfDB will enable AFC to mobilise additional resources towards continued development of infrastructure projects in its focus sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, announced that it has signed a US$350 million long-term line of credit with the African Development Bank (AfDB). The agreement, which was signed during the ongoing 28th Conference of the Parties (COP 28), supports urgently needed financing…

Africa Finance Corporation (AFC)

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    • AFC President & CEO, Samaila Zubairu, and BOAD President and Chairman, Serge Ekue, have signed a strategic Memorandum of Understanding (MoU) to jointly promote infrastructure and economic progress across Western African states (1)
    • AFC President & CEO, Samaila Zubairu, and BOAD President and Chairman, Serge Ekue, have signed a strategic Memorandum of Understanding (MoU) to jointly promote infrastructure and economic progress across Western African states (2)
    • AFC President & CEO, Samaila Zubairu, and BOAD President and Chairman, Serge Ekue, have signed a strategic Memorandum of Understanding (MoU) to jointly promote infrastructure and economic progress across Western African states (3)
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Source: Africa Finance Corporation (AFC) |

West African Development Bank and Africa Finance Corporation form strategic partnership to drive economic development

The MoU marks a pivotal alliance between two leading multilateral development finance institutions on the continent, signalling the intent of AFC and BOAD to foster economic alignment and equitable growth in West Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, and the West African Development Bank (BOAD), a regional financial institution mandated to drive economic unity and advancement in West Africa, yesterday announced a strategic Memorandum of Understanding (MoU), solidifying their joint commitment to promote infrastructure and economic progress…

Africa Finance Corporation (AFC)

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    • Saudi Fund for Development (SFD) and Africa Finance Corporation (AFC) announce signing of a memorandum of understanding (MoU) to jointly finance sustainable and impactful infrastructure projects across Africa
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Source: Africa Finance Corporation (AFC) |

Saudi Fund for Development and Africa Finance Corporation partner to drive sustainable Development in Africa

The signing of this MoU with the Africa Finance Corporation is a significant step forward in collaborating to finance sustainable and impactful infrastructure projects across Africa

Parallel financing planned in strategic sectors; Memorandum of understanding signed today at the Saudi-Arab-African Economic Conference to expand SFD’s $10.7 billion of development support in Africa. In a milestone for strengthened bilateral ties between the Kingdom of Saudi Arabia and Africa, the Saudi Fund for Development (SFD) and Africa Finance Corporation…