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Africa Finance Corporation (AFC)

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    • African Development Bank (AfDB) approves a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa
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Source: Africa Finance Corporation (AFC) |

African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy

The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) (www.AfricaFC.org) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects,…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation's investee company, Dynamic Mining SAS, was awarded the Community Engagement accolade at the Responsible Resourcing Awards during the African Mining Indaba in Cape Town
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Investee Dynamic Mining Shines with Sustainability Award at 2024 Mining Indaba

Among the deserving recipients, Dynamic Mining stood out, earning the award for demonstrating leading practices in community engagement

Africa Finance Corporation’s (www.AfricaFC.org) investee company Dynamic Mining SAS has received the award for Community Engagement at the Responsible Resourcing Awards, held on the sidelines of the recently concluded African Mining Indaba in Cape Town. Now in its third year, the Responsible Resourcing Awards recognises and celebrates initiatives that promote…

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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    • How Africa Can Unlock World’s Most Promising Net-Zero Solution (1)
    • How Africa Can Unlock World’s Most Promising Net-Zero Solution (2)
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    • AFC How Africa Can Unlock Worlds Most Promising Net Zero Solution
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Source: Africa Finance Corporation (AFC) |

Africa Must Own Carbon Offsets Value Chain Amid Market Failures

With average global temperatures now at least 1.1 degrees Celsius above pre-industrial levels, the planet is fast approaching the 1.5°C ceiling beyond which scientists foresee environmental catastrophe

Africa should become the global centre for high-value, high-integrity carbon credits, AFC (www.AfricaFC.org) says; Wholesale leases or sale of land undervalue Africa’s forestry while enabling polluters: AFC paper; AFC Foundation to prioritise conservation and regeneration of African carbon sinks through local capacity building. At a critical moment in the fight against climate change,…

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

Advancing Global Solidarity on Climate Challenge

Next generation leaders from the global North and South come together to work on pragmatic approaches to the environmental crisis in a bespoke Climate Challenge Leadership Programme launched by the Africa Finance Corporation in partnership with Common Purpose

Pressure to reduce carbon emissions and regenerate biodiversity is increasing as the global climate crisis intensifies. However, a clear distinction must be drawn between the starting point for the global South and that of the global North. Africa, for example, produces less than 3.8% of carbon emissions, yet the continent…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation closes EUR 150 million syndicated loan with Deutsche Investitions-und Entwicklungsgesellschaft (DEG) and Proparco
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation closes EUR 150 million syndicated loan with Deutsche Investitions-und Entwicklungsgesellschaft (DEG) and Proparco

The transaction builds on a partnership with AFC that began in 2012 and has resulted in several loans from DEG

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, announces the successful closure of a EUR150 million 10-year Loan facility with European development finance institutions DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH and Proparco. DEG, a subsidiary of Germany’s state-owned KfW Group, has provided financing, advice and support to…

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

Three steps for Africa to combat climate change

New policy paper defines continent’s stance ahead of COP27

With hopes for countering global warming pinned on progress at the upcoming COP27 UN Climate Change Conference in Egypt, a new report from the Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, sets out the continent’s stance by balancing the need for emissions reduction with critical development imperatives.…