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Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Leads up to €2 Billion Syndicated Facility in Largest-Ever Global Loan Syndication for Bank of Industry

The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI), Nigeria’s largest and most impactful development finance institution. The transaction…

Africa Finance Corporation (AFC)

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    • AFC has facilitated a landmark US$200 million corporate finance facility for the BUA Group
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Facilitates Landmark US$200 Million Corporate Finance Facility for BUA Group

The financing, approved by Afreximbank in two tranches, supports BUA’s medium-term objectives by unlocking capital to pursue emerging market opportunities

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has facilitated a landmark US$200 million corporate finance facility for the BUA Group, a prominent Nigerian conglomerate spanning food, infrastructure, mining and manufacturing sectors. The facility, provided to BUA Industries Limited by the African Export-Import Bank (Afreximbank), marks the…

Africa Finance Corporation (AFC)

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    • AFC have agreed with Itana to jointly develop the first digital economic zone in Africa designed for global and Pan-African technology, finance and service-based businesses to operate and scale with ease across Africa, unlocking the continent’s digital economy
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation partners with Itana for the creation of Africa’s first digital economic zone

Africa Finance Corporation (AFC) will support Itana with project development funding and intends to lead in the financing of phase 1 of the Itana project which is budgeted at around $100m

Itana (http://apo-opa.co/4dnuip1), Nigeria’s first licensed digital economic zone management company, and Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, have agreed to jointly develop the first digital economic zone in Africa designed for global and Pan-African technology, finance and service-based businesses to operate and scale with ease…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Leads Nigeria’s Inaugural Domestic Dollar Bond, Raising over US$ 900 million

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a significant milestone in the country's economic development. AFC acted as Global Coordinator on the first-of-its-kind issuance…

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)
Source: Africa Finance Corporation (AFC) |

Federal Government of Nigeria & Digital Free Zones in Nigeria (DiFZIN) inaugurate committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses

Digital Free Zones foster innovation and economic expansion by leveraging cutting-edge digital technologies such as AI and Edge Computing, and a supportive regulatory environment

In a bid to drive the ease of doing business for global digital, finance, knowledge- and services-oriented enterprises in Nigeria, the Federal Government of Nigeria established a steering committee chaired by President Bola Ahmed Tinubu GCFR to drive the promotion and establishment of a digital free zone in Nigeria to…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) Joins Ecobank and Soto Gallery to Host +234Art International Art Exhibition to elevate African art and empower artists
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Joins Ecobank and Soto Gallery to Host +234Art International Art Exhibition to elevate African art and empower artists

The exhibition will display more than a thousand works of art from emerging and “un-galleried” artists starting Friday 22nd March at the Ecobank Pan African Centre (EPAC) on 270 Ozumba Mbadiwe Avenue, Victoria Island, Lagos

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading instrumental infrastructure solutions provider, has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and its artists. The exhibition will display more than a thousand works…

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)
Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Partners with the Solid Minerals Development Fund on Catalyzing Private Sector-Led Mining Projects in Nigeria

Challenges around development and finance mean that only a fraction of over US$700 billion of potential Nigerian mining projects receives the necessary funding, according to SMDF

Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent's leading infrastructure solutions provider, and the Solid Minerals Development Fund (SMDF) are partnering to deploy project development funding and technical advisory to fast track closure and operations of commercial scale mining projects in Nigeria. This following AFCs flagship investment in the first commercial…