FIFA announces first expanded club World Cup in China
FIFA have announced that the first expanded version of the new Club World Cup featuring 24 clubs, including eight from Europe, will be played in China...
9mobile gets $230m from AFC to expand operations in Nigeria
Efforts by the new Board and Management of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, to reposition the company may have started yielding results as the Africa Finance Corporation (AFC), has approved a $230 million loan facility to help it attain its long-term growth plans.
AfDB, financial institutions, others move to close Africa’s infrastructure gap
The African Development Bank (AfDB), 34 leading financial institutions and other Africa Investment Forum (AIF) partners yesterday reaffirmed their commitment to synergise in delivering transformative projects across the continent. The meeting was also attended by AIF’s lead partners: African Export-Import Bank, Africa50, Trade Development Bank, Development Bank of South Africa, Africa Finance Corporation (AFC), European…
M.P. Ajaere: Proudly presenting Nollywood, African cinema to the world
For several years, filmmakers, particularly those in Anglophone Africa, have clamoured for a platform to promote ventures by Africans in the industry and that would support stakeholders and organisations that make films. They have lamented lack of established structures to help the African filmmaker from a Pan-African perspective. Although attempts by filmmakers in Nigeria and…
AFC invests $25m million equity in InfraCredit
Infrastructure Credit Guarantee Company Limited (InfraCredit), has announced the successful closing of a $25 million equity investment from Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa. In this primary transaction, AFC has become a shareholder in InfraCredit alongside the Nigeria Sovereign Investment Authority (NSIA). On account of this investment, the Executive…
AFC announces tenure completion of pioneer general counsel
Africa Finance Corporation (AFC) has announced the departure of Dr. Adesegun Akin-Olugbade at the end of his contractual term on December 31, 2018 after 11 years of meritorious service to AFC, as pioneer general counsel and corporate secretary from 2007 to 2008.
Zubairu becomes AFC’s third president
Africa Finance Corporation (AFC), has announced the appointment of Samaila D. Zubairu as the Corporation’s third President and Chief Executive Officer, succeeding Andrew Alli who comes to the end of his tenor, having successfully served in the position since 2008. Zubairu is a distinguished Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and…
African Reinsurance Corporation joins AFC
African Reinsurance Corporation (AfricaRe) has announced its membership of Africa Finance Corporation (AFC), and becomes the first multi-lateral financial institution to invest in AFC.