Saturday, 23rd September 2023

Africa Finance Corporation

27 Apr
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).
24 Mar
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...
7 Nov 2022
InfraCredit, a specialised infrastructure credit guarantee institution, backed by the Nigeria Sovereign Investment Authority (NSIA), Private Infrastructure Development Group companies GuarantCo and InfraCo Africa
27 Mar 2019
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…
20 Dec 2018
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…
3 Jul 2018
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…
5 Apr 2018
The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation (AFC), Africa’s leading infrastructure development finance institution.
12 Mar 2018
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…
7 Dec 2017
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.
17 Apr 2017
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.
30 Mar 2017
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.
27 Jan 2017
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...


6 hours ago
Gov. Yahaya Bello of Kogi State, on Saturday, revealed  that he has no political ambition for now but to help President Bola Tinubu to succeed. Responding to a question about his next move after governorship, being one of the major presidential aspirants during the presidential primary of the All Progressives Congress (APC), the governor pointed…
7 hours ago
Zamfara State governor, Dauda Lawal, on Saturday, ordered a ban on illegal mining activities and directed law enforcement officials to take stringent action against violators. Over the years, illegal mining in the state has tended to fuel banditry and other criminal activities, according to reports. The Governor justified the ban in a statement by his…
7 hours ago
Federal Capital Territory, (FCT), Command of the Nigeria Security and Civil Defence Corps (NSCDC) has arrested two suspected oil thieves and armored cable thieves at separate locations in the FCT. FCT Commandant of the NSCDC Olusola Odumosu paraded the suspects who are between ages 25-30, in Abuja. He said the command, through credible intelligence reports…
7 hours ago
The Human Rights Writers Association of Nigeria (HURIWA), has called for urgent reforms in Nigeria's electoral and judicial systems in the wake of the recent ruling by the Governorship Election Petition Tribunal in Enugu State, which has left the nation in disbelief. HURIWA, a leading civil rights advocacy group dedicated to upholding human rights and…
7 hours ago
Marine team of the Commandant General of the Nigeria Security and Civil Defence Corps, (NSCDC), Dr. Ahmed Audi, has intercepted two hundred and ninety two bags of smuggled foreign rice at Eleko Beach, Lagos. Acting on intelligence report from it's monitoring team, three suspects were arrested conveying the smuggled goods from Cotonou, Benin Republic aboard…