30 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 30 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…
- 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…
- 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…
- 31 Jul 2014
Changes in AFC’s Board, Alade Assumes Chairmanship
Board of the Africa Finance Corporation (AFC) on Wednesday announced that as part of AFC’s Board succession process, Mr. Adebayo Ogunlesi and Mr. Aliyu Dikko retired from the Board of Directors.…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 10 Feb 2025
AFC Seals $400m Shariah-Compliant Deal
Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, has successfully closed a $400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return…
- 6 Apr 2016
AFC Total Assets Grows 25%
Africa Finance Corporation (AFC) has announced that its 2015 fiscal year results, showing that despite a difficult operating environment, it delivered strong underlying operating results, achieving…
- 20 Mar 2014
Okonjo-Iwuala, Elumelu, Others for AFC Inaugural Summit
The Africa Finance Corporation (AFC) which is on a mission to help address Africa’s infrastructure development needs while seeking a competitive return on capital for its shareholders has announced…
- 27 Sept 2024
AFC Partners Itana for the Creation of Africa’s First Digital Economic Zone
Itana, Nigeria’s first licensed digital economic zone management company, and Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, have agreed to jointly…
- 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…
- 20 Apr 2016
AFC Launches Africa Project Developers Initiative
Africa Finance Corporation (AFC) alongside its development partners is pleased to announce the launch of the Africa Project Developers Initiative (APDI), a think tank and network to promote and…
- 4 Mar 2014
AFC Gets First International Credit Rating Moody’s Aassigns A3/P-2
The Africa Finance Corporation (AFC) a multilateral development financial institution headquartered in Lagos, has secured its first International credit rating from Moody’s Investors Service…
- 26 Aug 2019
9mobile Gets $230m Loan from AFC to Rejig Operations
Management of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, has secured $230 million loan facility from Africa Finance Corporation (AFC) to help it attain its…
- 26 Sept 2024
Moody’s Affirms AFC’s A3 Rating with a Change from Negative to Stable Outlook
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors…
- 11 Sept 2024
AFC Leads Nigeria’s Inaugural Domestic Dollar Bond, Raising over $900m
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria…
- 12 Aug 2026
AFC Raises $430m in Digital Bond to Deepens Digital Financial Infrastructure
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
- Business2 Sept 2026
WIOCC Group Secures Strategic Investment from AFC, Vision Invest to Accelerate its Digital Infrastructure Expansion Across Africa
WIOCC Group, Africa's leading carrier-neutral digital infrastructure platform, today announced the signing of a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined US $300 million investment in the company.
- 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…
- 19 May 2026
AFC Invests $100m in Africa-focused Technology Fund Managers
The Africa Finance Corporation (AFC), said its board has approved a commitment of $100 million to invest in Africa-focused technology fund managers. The commitment comes amidst growing interest in…
- 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…
- 29 Jan 2015
AFC Restates Commitment to Energy Sector at Powering Africa Summit, Washington
Africa Finance Corporation (AFC) is reaffirming its commitment to President Obama’s Power Africa initiative with its participation in the Powering Africa Summit. The three day summit, to be held in…
- 13 Apr 2017
Hogan Lovells to Sponsor Africa’s Leading Infrastructure Investment Summit
Leading global law firm, Hogan Lovells, will be the headline legal sponsor at AFC Live, the key industry infrastructure investment summit hosted by the Africa Finance Corporation (AFC), that will…
- 2 Aug 2022
PIC Leads Pension Funds Investing in Africa’s Infrastructure via AFC
In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager,…
- 19 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…
- 9 Nov 2013
LCA Convenes Professionals @ ADR Conference
The Lagos Court of Arbitration (LCA), in collaboration with the Investment Climate Facility for Africa (ICF), Chevron Nigeria, Stanbic IBTC, White and Case, and Africa Finance Corporation (AFC) has…