30 results
- 25 Jan 2017
Africa Finance Corporation Issues US$150m Maiden Sukuk
Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African…
- 12 Apr 2017
Africa Finance Corporation Issues $500m
Africa Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond. The senior, unsecured…
- 10 Apr 2014
Africa Finance Corporation Welcomes Cape Verde
Cape Verde on 25 March 2014, during the inaugural Infrastructure Investment Summit of the AFC- “AFC LIVE”, became the newest member of the Corporation (AFC). AFC is an African-led multilateral…
- 3 Oct 2013
Heritage Bank MD Advocates Strategy for Next Gen of African Corporates
Ifie Sekibo, managing director/chief executive officer of Heritage Bank, has said that concerted promotion and protection of Small and Medium Enterprises (SMEs) through the establishment of a solid…
- 3 Nov 2021
Moove Partners Lori Systems to Propel Financing for African Trucking, Logistics
Moove, an African mobility fintech, has signed an exclusive partnership with Lori Systems, the leading e-logistics company in Africa. The partnership marks Moove’s first foray into the logistics…
- 22 Jun 2021
BHM Becomes First African Corporate Affiliate of the Chartered Institute of Public Relations
BlackHouse Media (BHM) has officially joined the prestigious community of Corporate Affiliates of the Chartered Institute of Public Relations, the world's only Royal Chartered body for public…
- 29 Apr 2026
IFC, Standard Chartered Partner on Supply Chain Finance to Support African Businesses
The World Bank Group, through its private sector arm – the International Finance Corporation (IFC) – and Standard Chartered today announced a new risk sharing facility aimed at strengthening supply…
- 10 Mar 2014
AFC Hosts Summit to Address Infrastructure, Investment Deficit
Africa Finance Corporation (AFC), an African-led multilateral development financial institution whose mission is to improve African economies by proactively developing and financing infrastructure…
- 29 Nov 2018
AfDB Approves $50 million Equity Investment in AFC to Support Infrastructure Projects in Africa
The African Development Bank has approved an equity investment of US$50 million in Africa Finance Corporation (AFC) − a pan-African development finance institution established in 2007. This equity…
- 29 Oct 2018
AfDB Partners Launch E-Learning Program for African Financial Institutions
The Trade Finance Division of the African Development Bank and the International Islamic Trade Finance Corporation (ITFC), have teamed up with the International Chamber of Commerce (ICC) to launch a…
- 22 May 2014
AFC’s Andrew Alli Wins African Banker Icon Award 2014
The African Banker has awarded Andrew Alli, president and chief executive officer Africa Finance Corporation (AFC) with The African Banker Icon of the year, 2014. The ‘Icon’ category is awarded…
- 1 Apr 2024
Afreximbank, Sterling to Offer Supply Chain Finance in Nigeria
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce ‘Payables Finance’, a supply chain finance product in Nigeria. This product, branded as ‘Afreximbank Tradelink,’…
- 12 May 2026
Ecobank Group Announces $3b Trade Finance Commitment to Boost Intra African Trade
Ecobank Group, a pan-African banking group yesterday announced a landmark $3 billion trade finance commitment over the next 3 years to accelerate intra-African global trade. The announcement was made…
- 21 Jul 2022
Yamaha Motors Corporation Partners MAX to Finance 50,000 Vehicles
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation has announced a strategic partnership with Metro Africa Xpress Inc. (MAX) - Africa’s first mobility technology…
- 30 Mar 2017
AFC Appoints Nnanna as Chairman
Africa Finance Corporation (AFC), a leading Pan-African multilateral development finance institution and project developer, has announced that Dr Sarah Alade, its Chairman, representing the…
- 14 Sept 2021
Nigeria's N15trin InfraCorp Kicks off in October
The Infrastructure Company (InfraCorp) being created by the Central Bank of Nigeria, African Finance Corporation and the Nigerian Sovereign Investment Authority to raise N15 trillion will be unveiled…
- 16 Sept 2020
Buhari Okays Establishment of CBN-Led Infraco
President Muhammadu Buhari has approved the establishment of an Infrastructure Company (Infraco) to be driven by the Central Bank of Nigeria (CBN) in partnership with the African Finance Corporation…
- 20 Apr 2018
SEC Partners IFC, AFDB to Boost Sukuk Bond Investment
The Securities and Exchange Commission (SEC) yesterday expressed plans to work with International Finance Corporate (IFC), African Development Bank (AfDB) for development of Sukuk bond investment.…
- 5 Jun 2023
IFC, Partners Support BUA with $500M Facility to Boost Industrialization, Jobs in Nigeria and Sahel
IFC yesterday made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and…
- 1 Apr 2017
AfDB Approves $450m Trade Finance Package for Afreximbank
The Board of Directors of the African Development Bank (AfDB) has approved on $450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year…
- 5 Jul 2019
AfDB to Meet Nigerian Businesses Leaders ahead of African Investment Forum
The African Development Bank Group, and the Africa Finance Corporation, will meet industry and business leaders in Abuja, Nigeria on Monday, 09 July 2019 as part of a roadshow to woo investors ahead…
- 18 Oct 2017
AFC Adopts IFC Master Cooperation Agreement to Boost Growth in Africa
The Africa Finance Corporation has become the 30th development finance institution to join IFC’s Master Cooperation Agreement, making it easier for the two institutions to collaborate to expand…
- 6 Jan 2021
AFC Secures $250m Loan from United States’ DFC
The Africa Finance Corporation (AFC) has announced that it has successfully secured a $250 million tier-2 capital loan from United States’ International Development Finance Corporation (DFC). Formed…
- 27 Feb 2013
AfDB Approves $200m for Ecobank’s Trade Finance Capacities
Board of directors of the African Development Bank (AfDB) has approved a Trade Finance package of $200 million comprising an unfunded risk-sharing facility and a trade facilitation loan, to support…
- 13 Sept 2022
AVPA, UNDP Partner to Grow Sustainable Finance in Africa
The African Venture Philanthropy Alliance (AVPA), a Pan-African network of social investors collaborating to mobilise and deploy capital for impact and the United Nations Development Programme…
- 27 Jan 2014
NEXIM Bank Bags Best Performing African DFI
The Association of African Development Finance Institutions (AADFI) has rated the Nigerian Export-Import Bank (NEXIM) as ‘Best Performing African DFI.’ The decision was an outcome of the ‘2013…
- 13 Oct 2022
Improved Access to Affordable Trade Finance Could Increase Exports & Imports by $26B Annually in West Africa - IFC and WTO Study
Lowering trade finance costs could provide billions in economic benefits in four West African countries, according to a new report released today by the International Finance Corporation (IFC) and…
- 25 Nov 2024
BoI Raises Over $5Bn Funding, 2Bn Euro Syndications
In its bid to provide adequate funding for Nigeria’s industrial development finance, the Bank of Industry Limited, BoI, has raised over $5 billion in international funding instruments. The bank has…
- 11 Jul 2019
Nigeria to Feature @ Africa Investment Forum
Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event…
- 5 Apr 2018
AfDB Approves a $50M Risk Participation Agreement to Address Africa’s Trade Finance Market
The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage…