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

Africa Finance Corporation (AFC) Invests in Mahathi Infra to Transform Petroleum Product Transportation in Uganda

AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking

Africa Finance Corporation (AFC) (https://www.AfricaFC.org/), the leading infrastructure solutions provider on the continent, today announced its investment in Mahathi Infra Uganda Limited, one of East Africa’s largest oil and gas downstream players. AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing…

Africa Finance Corporation (AFC)

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    • Senegal to Receive €50m from Africa Finance Corporation to Boost Oil & Gas Industry
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Source: Africa Finance Corporation (AFC) |

Senegal to Receive €50m from Africa Finance Corporation to Boost Oil & Gas Industry

The Corporation’s investment in the Sangomar oil field will be used to drive the first phase of development towards achieving first oil, a key milestone in the advancement of the country’s hydrocarbons sector

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field. Through this strategic collaboration, AFC will invest €50 million in the oil field to help boost the country’s emerging oil…