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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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    • 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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    • 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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    • Burundi and São Tomé & Príncipe as its newest member countries, expanding its community of sovereigns to 42 African nations
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Source: Africa Finance Corporation (AFC) |

São Tomé and Príncipe, and Burundi expand Africa Finance Corporation membership to three-quarters of the continent

Despite significant macroeconomic headwinds, AFC has doubled its membership in the last five years, strengthening its mandate to resolve regional challenges and catalyze private sector-led infrastructure development across Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, announces Burundi and São Tomé & Príncipe as its newest member countries, expanding its community of sovereigns to 42 African nations. Despite significant macroeconomic headwinds, AFC has doubled its membership in the last five years, strengthening its mandate to…

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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    • AFC MOU Ceremony Amos Hochstein- Global Gateway Forum (1)
    • AFC MOU Ceremony Amos Hochstein- Global Gateway Forum (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation to lead United States (US)-backed development of the Lobito Corridor and Zambia-Lobito Rail Line

The expansion of the Lobito Corridor holds enormous promise for regional and international trade, fostering economic development and improved connectivity

 “This represents the most significant transport infrastructure that the US has helped develop on the African continent in a generation”- Helaina Matza, US State Department; AFC (www.AfricaFC.org) is appointed lead project developer, working with US, EU, Angola, DRC, Zambia, AfDB; Connected, open-access rail from the Atlantic to Indian Ocean envisaged under MOU.…

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

Africa Finance Corporation and Solid Minerals Development Fund of Nigeria Forge Strategic Partnership to Derisk Mining Industry

Through this partnership, AFC and SMDF aim to bridge this gap to unlock the immense potential of Nigeria's mineral resources

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure provider and the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian mining-focused development fund,  today on the sidelines of Nigerian Mining Week in Abuja, announced a transformative partnership aimed at derisking Nigeria's mining sector and scaling up artisanal miners in…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa (1)
    • Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa

The loan will provide critical financing to support trade finance and investment in Africa, further facilitating the flow of goods and services between Africa and China

Africa Finance Corporation (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is…

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

Africa Finance Corporation (AFC) Invests in Mahathi Infra to Transform Petroleum Product Transportation in Uganda

AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking

Africa Finance Corporation (AFC) (https://www.AfricaFC.org/), the leading infrastructure solutions provider on the continent, today announced its investment in Mahathi Infra Uganda Limited, one of East Africa’s largest oil and gas downstream players. AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing…