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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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    • 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 wins Sovereign, Supra & Agency Treasury Team Award at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards in Cape Town, with investee Infinity Power Holdings clinching M&A Deal of the Year
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) and Investee Company Infinity Power Win Big at 2024 Bonds & Loans Awards

AFC played a leading role in proffering an innovative funding solution, with the Corporation deploying a suite of equity and quasi-equity instruments

Africa Finance Corporation (www.AfricaFC.org), the continent’s leading instrumental infrastructure provider, received the prestigious Sovereign, Supra & Agency Treasury & Funding Team of the Year Award at the 2024 Bonds, Loans & ESG Capital Markets Africa Awards in Cape Town yesterday, while AFC’s investee company Infinity Power Holdings was awarded M&A…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC (1)
    • Africa Finance Corporation and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC (2)
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Source: Africa Finance Corporation (AFC) |

SkyPower Global and Africa Finance Corporation Forge Strategic Joint Development Agreement to Propel Democratic Republic of Congo (DRC's) Renewable Energy Vision

The Joint Development Agreement is set to catalyse the construction of the first 200MW phase of the project

In a significant move to advance renewable energy deployment in the Democratic Republic of Congo (DRC), Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider and SkyPower Global have entered a Joint Development Agreement for the first phase of SkyPower’s Green Giant project in the DRC. This 200MW…

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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    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (1)
    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (2)
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Source: Africa Finance Corporation (AFC) |

Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy

The Red Sea Power (RSP) wind farm, near Lake Goubet, will provide 60 megawatts of clean energy, boosting overall capacity by 50% and averting 252,500 tonnes of CO2 emissions annually

60MW plant boosts energy capacity by 50% while averting 252,500 tons of CO2; Further 45MW expansion planned by investment partners AFC (www.AfricaFC.org), FMO, CFM & GHIH; Energy security and independence, import substitution, industrialisation, job creation and economic stability are among the benefits to be delivered in line with UN SDGs.…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation's (AFC) Lekela Power wins Equity Deal of the Year at the African Banker Awards (1)
    • Africa Finance Corporation's (AFC) Lekela Power wins Equity Deal of the Year at the African Banker Awards (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation's (AFC) Lekela Power wins Equity Deal of the Year at the African Banker Awards

The award was presented to AFC for its innovative financial structuring leading to two acquisitions

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has received the Deal of the Year – Equity award at the just concluded African Banker Awards 2023 ceremony in Sharm El Sheikh, Egypt. Now in its 17th edition, the African Banker Awards celebrate the achievements of individuals…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) Japan Bank for International Cooperation (JBIC) Memorandum of Understanding (MOU) signing
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) and Japan Bank for International Cooperation collaborate to accelerate energy transition in Africa

This collaboration aims to develop and finance infrastructure projects on the continent that contribute to accelerating Africa’s path to net-zero in a pragmatic way

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, and Japan Bank for International Cooperation (JBIC), Japan’s policy-based financial institution, have signed a Memorandum of Understanding (MOU) to collaborate on infrastructure projects that contribute to accelerating energy transition in Africa and promoting economic sustainability on the continent.…

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.…