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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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Source: Africa Finance Corporation (AFC) |

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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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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    • AFC's largest-ever US$1.16B syndicated loan attracts global lenders from Middle East, Europe, and Asia
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) raises US$1.16 billion syndicated loan, its largest ever, in mission to close Africa’s infrastructure gap

This landmark transaction, commemorated at an event in Dubai last night, is a significant milestone in AFC's unwavering commitment to develop critical infrastructure projects across the continent by enhancing its financial flexibility and diversifying its investor base

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe and Asia. This landmark transaction, commemorated at an event in Dubai last night, is…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation Commits up to US$40 Million Equity Investment in the African Medical Centre of Excellence (AMCE Abuja) to Revolutionise Healthcare Advancements in West Africa
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Commits up to US$40 Million Equity Investment in the African Medical Centre of Excellence (AMCE Abuja) to Revolutionise Healthcare Advancements in West Africa

The project will strategically harness KCH's unparalleled diagnostic, clinical, and capacity-building expertise and specialise in three core non-communicable diseases - oncology, cardiology, and haematology

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading instrumental infrastructure solutions provider, today signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The visionary 500-bed medical health facility is currently being developed by Africa Export-Import…

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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    • Yilport Holding purchases 35% stake of Ghana's Takoradi port from Africa Finance Corporation (AFC) (1)
    • Yilport Holding purchases 35% stake of Ghana's Takoradi port from Africa Finance Corporation (AFC) (2)
    • Yilport Holding purchases 35% stake of Ghana's Takoradi port from Africa Finance Corporation (AFC) (3)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation exits stake in Ghana’s Takoradi Port to Yilport Holding

Through this transaction, AFC exits its shareholding, while Ibistek and Ghana Ports & Harbours Authority remain as shareholders in the project

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. This is testament to the Corporation’s ability to…