Africa Finance Corporation
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…
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…
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…
Malawi becomes AFC’s 18th member state
The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation (AFC), Africa’s leading infrastructure development finance institution.
AFC wins ‘Africa Power Deal of the Year’
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…
AFC issues $500 million seven-year Eurobond
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.
Nnanna succeeds Alade as AFC Chairman
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.
AFC welcomes 14th member country
Djibouti has become the newest member of Africa Finance Corporation (AFC), an international investment grade multilateral finance institution investing in key infrastructure projects across Africa.