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Africa Finance Corporation (AFC)

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    • Red Sea Power, Djibouti. Photo credit: Thought Leader Global
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Source: Africa Finance Corporation (AFC) |

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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Source: Africa Finance Corporation (AFC) |

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…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation Wins DFI of the Year for Europe and Africa at the IJGlobal Awards
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Wins DFI of the Year for Europe and Africa at the IJGlobal Awards

AFC has a proven track record of developing key transformational projects on the continent, providing pragmatic solutions for Africa's infrastructure deficit

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been awarded “DFI of the Year-Europe & Africa" at the 2022 IJGlobal Awards. IJGlobal, a prominent industry publication for the energy and infrastructure market, presented the prestigious award to AFC at a ceremony last night in London, UK.…

Africa Finance Corporation (AFC)

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    • (L to R) H.E. Dr Mohamed Maait , Minister of Finance, Arab Republic of Egypt & Samaila Zubairu, President & CEO, Africa Finance Corporation
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Source: Africa Finance Corporation (AFC) |

Egypt becomes first North African shareholder in Africa Finance Corporation

Egypt’s investment leads the way for other countries and investors from the region to join AFC’s shareholders and use its platform

Egypt has joined Africa Finance Corporation (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, as the first North African sovereign shareholder, further diversifying AFC’s expanding equity investor base. An AFC Member State, Egypt’s equity commitment and its imminent representation on the AFC Board of Directors enhances the Corporation’s pan-African spread of…

Africa Finance Corporation (AFC)

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    • Signing Ceremony for Facility Agreement between China Export Import Bank and Africa Finance Corporation, Beijing China; L-R: Seated - Oliver Andrews, Executive Director & Chief Investment Officer Africa Finance Corporation; Mr. Zhu Canzhang, General Manager Corporate Banking CEXIM; L-R: Standing – Banji Fehintola, Senior Director & Treasurer Africa Finance Corporation; Samaila Zubairu, President & CEO Africa Finance Corporation; Mr. Xie Ping, Vice President CEXIM; Mr. Zha Ying, Deputy General Manager Treasury CEXIM; Ms. Zou, Wenjing, Deputy General Manager International Department CEXIM
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China

The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC)

Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose.  The facility from CEXIM marks…

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

Africa Finance Corporation issues US$150 million maiden Sukuk

Issuance represents the global market’s first USD Sukuk transaction of 2017 and the first Sukuk transaction from an African supranational entity

Africa Finance Corporation (AFC) (www.AfricaFC.org), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed, resulting in the transaction being…