Fenchurch Energy Limited, a Nigerian upstream and Midstream energy advisory has announced the completion of technical due diligence service for Africa Finance Corporation’s (AFC’s) on the 100 per cent acquisition of Pecan Energies AS, formerly Aker Energy AS, from Aker ASA, a Norwegian industrial investment company, and The Resource Group TRG AS (TRG).

InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, backed by the Nigeria Sovereign Investment Authority (“NSIA”), Private Infrastructure Development Group companies GuarantCo and InfraCo Africa, KfW Development Bank, Africa Finance Corporation...

InfraCredit, a specialised infrastructure credit guarantee institution, backed by the Nigeria Sovereign Investment Authority (NSIA), Private Infrastructure Development Group companies GuarantCo and InfraCo Africa

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…

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…

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…

The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation (AFC), Africa’s leading infrastructure development finance institution.

Africa Finance Corporation (AFC) has been named the winner of the Africa Power Deal of the Year in the Infrastructure Journal (IJ) Global Awards 2017 for its 80 megawatts peat to power project in Rwanda. The Project is expected to improve access to electricity for three quarters of the country’s population that is currently off…

Africa Finance Corporation (AFC) has signed an Accreditation Master Agreement (AMA) with the Green Climate Fund (GCF) in Seoul, South Korea, having received its accreditation in 2015.

In his reaction, the President/CEO of AFC, Andrew Alli, said: “AFC has been committed for the last 10 years to investing in projects that drive sustainable growth and development in Africa.

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced Dr Joseph Nnanna, a Deputy Governor at the Central Bank of Nigeria (CBN), as its new Chairman.

The President and Chief Executive Officer of AFC, Andrew Alli, explained that the core values of Islamic finance and the need to invest ethically in assets that have a tangible positive social impact...