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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) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (1)
    • Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards

Every year, the IJInvestor Awards celebrates the best fundraising, deployment, and mergers and acquisitions activities within the energy and infrastructure sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held last night at a gala dinner in London, the Corporation received this prestigious award for providing unique financial advisory services to partners on…

Africa Finance Corporation (AFC)

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    • AFC's A3 rating affirmed by Moody's with a stable outlook, reflecting the Corporation's commitment to investing in critical infrastructure like wind energy
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Source: Africa Finance Corporation (AFC) |

Moody’s Affirms Africa Finance Corporation's (AFC) A3 Rating with a Change from Negative to Stable Outlook

The decision by Moody’s is crucial for AFC to continue leveraging its top-tier credit ratings to achieve among the lowest borrowing costs of any institution in Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with…

Africa Finance Corporation (AFC)

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    • From left to right: Honourable Minister of Transport for Zambia, Mr. Frank Tayali MP, President & CEO of Africa Finance Corporation, Samaila Zubairu, and Honourable Minister of Transport for Angola, Mr. Ricardo Viegas d’Abreu, at the signing of the Zambia Lobito Rail Project concession agreements during the 79th UN General Assembly
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Signs Concession Agreements with Governments of Angola and Zambia to advance Zambia Lobito Rail Project

The railway is expected to create economic benefit of approximately $3 billion across both countries, reduce emissions by approximately 300,000 tons per year and add over 1,250 jobs across construction and operations

In a significant milestone for the Zambia Lobito Rail Project, Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the transformational railway project. The agreements, which were signed yesterday…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Supports Africa’s Largest Methanol Plant, Transforming Flared Gas into Valuable Resources

The project in Akwa Ibom, Nigeria, targets producing an initial 1.8 million tonnes per annum (MTPA) of methanol, diversifying the local economy and generating over 18,000 jobs

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation and Alstom Partnership Boosts Kinshasa Rail Project
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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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    • Angola’s Road Network Set for Transformation as Africa Finance Corporation leads commercial funding for €381 million project
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Angola’s Road Network Set for Transformation as Africa Finance Corporation leads commercial funding for €381 million project

The project specifically targets improved accessibility in remote areas and supports industrial and commercial activity, advancing prosperity by reducing transport costs and travel times, and easing poverty through job creation

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is leading commercial funding for a €381.5 million package to finance engineering, procurement and construction of 186 bridges and crucially needed enhancements to Angola’s road network. AFC, acting as mandated lead arranger for the commercial tranche, has committed to…

Africa Finance Corporation (AFC)

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    • AFC and Cassa Depositi e Prestiti S.p.A (CDP) announce Memorandum of Understanding (MoU) that sets out to elevate Italian-African business collaboration (1)
    • AFC and Cassa Depositi e Prestiti S.p.A (CDP) announce Memorandum of Understanding (MoU) that sets out to elevate Italian-African business collaboration (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) and Cassa Depositi e Prestiti S.p.A (CDP) Agree New Alliance to Strengthen African-Italian Investment Collaboration

The strategic alliance endeavours to bolster African infrastructure, harness natural resources, and propel industrial development through shared expertise and enhanced financial cooperation

Africa Finance Corporation (AFC) (www.AfricAFC.org), Africa’s leading infrastructure solutions provider, in partnership with Italy’s national development finance institution Cassa Depositi e Prestiti S.p.A (CDP) yesterday announced a landmark Memorandum of Understanding (MoU) that sets out to elevate Italian-African business collaboration, contributing to sustainable growth and prosperity on a global scale.…

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…