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Africa Finance Corporation (AFC)

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    • AFC wins Sovereign, Supra & Agency Treasury Team Award at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards in Cape Town, with investee Infinity Power Holdings clinching M&A Deal of the Year
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) and Investee Company Infinity Power Win Big at 2024 Bonds & Loans Awards

AFC played a leading role in proffering an innovative funding solution, with the Corporation deploying a suite of equity and quasi-equity instruments

Africa Finance Corporation (www.AfricaFC.org), the continent’s leading instrumental infrastructure provider, received the prestigious Sovereign, Supra & Agency Treasury & Funding Team of the Year Award at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards in Cape Town yesterday, while AFC’s investee company Infinity Power Holdings was awarded M&A…

Africa Finance Corporation (AFC)

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    • AFC receives 'Middle East & Africa Deal of the Year' award for its acquisition of Lekela Power B.V., Africa's largest wind platform, at the PFI 2023 awards ceremony in London
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation’s (AFC) Infinity Power Holdings Awarded Middle East & Africa Deal of the Year by Project Finance International for the 100% Acquisition of Lekela Power

The PFI awards, one of the oldest and most globally recognized project finance publications, which honours achievement and ingenuity in the global project finance market

Africa Finance Corporation (AFC) (www.AfricaFC.org) has been awarded the prestigious "Middle East & Africa Deal of the Year" at the just concluded Project Finance International (PFI) 2023 awards ceremony in London. The PFI awards, one of the oldest and most globally recognized project finance publications, which honours achievement and ingenuity…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC (1)
    • Africa Finance Corporation and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC (2)
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Source: Africa Finance Corporation (AFC) |

SkyPower Global and Africa Finance Corporation Forge Strategic Joint Development Agreement to Propel Democratic Republic of Congo (DRC's) Renewable Energy Vision

The Joint Development Agreement is set to catalyse the construction of the first 200MW phase of the project

In a significant move to advance renewable energy deployment in the Democratic Republic of Congo (DRC), Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC. This 200MW…

Africa Finance Corporation (AFC)

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    • AFC announces several strategic partnerships to boost Africa’s mining sector
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Unveils Strategic Partnerships to Boost Africa’s Mining Sector

Since 2014, AFC has invested over US$1billion in Africa’s mining of precious metals and critical minerals across several countries, and the latest partnerships will further strengthen the sector by driving significant capital flow into the continent

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading instrumental infrastructure solutions provider, has announced several strategic partnerships on the sidelines of the recently concluded 2024 Mining Indaba conference in Cape Town to boost Africa’s mining sector, ushering the continent into a new era of growth and prosperity. Since 2014, AFC…

Africa Finance Corporation (AFC)

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    • AFC and CDP join forces, signing a EUR50 million loan facility to fuel Africa's sustainable future through renewable power, energy efficiency, and climate-resilient infrastructure projects (1)
    • AFC and CDP join forces, signing a EUR50 million loan facility to fuel Africa's sustainable future through renewable power, energy efficiency, and climate-resilient infrastructure projects (2)
    • AFC and CDP join forces, signing a EUR50 million loan facility to fuel Africa's sustainable future through renewable power, energy efficiency, and climate-resilient infrastructure projects (3)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation agrees EUR50 million loan facility with Italy’s Cassa Depositi e Prestiti SpA (CDP) for climate resilient infrastructure

The 10-year facility will enable AFC to accelerate its efforts in addressing Africa's infrastructure deficit while financing projects that contribute to mitigating climate change

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, and Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) (www.CDP.it) have signed a EUR50 million loan facility agreement on the sidelines of COP28 in Dubai. The financing will play a crucial role in supporting AFC’s…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC), has invested US$60 million in Etu Energias, the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Invests $60 Million to Boost Angola’s Indigenous Oil & Gas Production

The investment is part of a $190 million debt facility to support Etu Energias in acquiring oil and gas reserves co-owned by France’s TotalEnergies and Japan’s Inpex Corporation

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector.   The investment is part of a $190 million…

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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    • Africa Finance Corporation (AFC), Solid Minerals Development Fund of Nigeria (SMDF), and Xcalibur Partner to Boost Nigeria's Geological Data Capabilities (1)
    • Africa Finance Corporation (AFC), Solid Minerals Development Fund of Nigeria (SMDF), and Xcalibur Partner to Boost Nigeria's Geological Data Capabilities (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC), Solid Minerals Development Fund of Nigeria (SMDF), and Xcalibur Partner to Boost Nigeria's Geological Data Capabilities

The collaboration will pursue initiatives that enhance the availability of Nigeria's geological data to interested investors across the globe and design an exploration program for mapping the country's subterranean mineral wealth

In a groundbreaking move for Nigeria's mining sector, Africa Finance Corporation (AFC) (https://www.AfricaFC.org/), the leading infrastructure provider on the continent, the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian mining-focused development fund, and Xcalibur Multiphysics (Xcalibur), a global leader in airborne geophysics, have joined forces to enhance the landscape…

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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    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (1)
    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (2)
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Source: Africa Finance Corporation (AFC) |

Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy

The Red Sea Power (RSP) wind farm, near Lake Goubet, will provide 60 megawatts of clean energy, boosting overall capacity by 50% and averting 252,500 tonnes of CO2 emissions annually

60MW plant boosts energy capacity by 50% while averting 252,500 tons of CO2; Further 45MW expansion planned by investment partners AFC (www.AfricaFC.org), FMO, CFM & GHIH; Energy security and independence, import substitution, industrialisation, job creation and economic stability are among the benefits to be delivered in line with UN SDGs.…