25 results
- 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…
- 12 May 2020
DBN Urges MSMEs to Reinvent Business Model for Sustainability
In the light of prevalent economic realities of COVID-19 on businesses across the globe, Development Bank of Nigeria Plc (DBN) has advised Micro Small and Medium Enterprises in the country to…
- 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.…
- 27 Sept 2013
CBN Supports Power Reform with N109Bn
The Central Bank of Nigeria (CBN) said it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. Malam Sanusi Lamido Sanusi, CBN governor, …
- 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 Jun 2015
Africa Urged to Use ICT Model to Leap-frog Energy Log Jam
If data is anything to go by, reports that some 750 million Africans rely on biomass for their daily energy needs clearly puts the energy sector on top of Africa’s development agenda. This concern…
- 14 Jul 2015
IFC to Co-Develop the $120m Singrobo Hydro Power Plant
Africa Finance Corporation (AFC), a leading investment grade rated multilateral development finance institution and project developer, has announced the signing of a joint development…
- 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 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…
- 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…
- 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…
- 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…
- 23 Jun 2017
NSE/Bloomberg: Nigerian Companies Embrace Innovation to Navigate Recession
Top chief executives across sectors who were part of a panel at a recent Nigeria Stock Exchange (NSE)-Bloomberg CEO Roundtable in Nigeria agree that the recession provided an opportunity to innovate…
- 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…
- 29 Jul 2025
Moonshot Returns with a Defining Third Edition, Charting Africa’s Next Phase of Innovation
Moonshot, Africa’s flagship tech and innovation gathering, officially announces its third edition. Scheduled to take place from October 15 –16, 2025, at the Eko Convention Centre in Lagos, Nigeria,…
- 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,…
- 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…
- 25 Mar 2014
Jim O’Neill at AFC Live Lists 4 Agenda for Africa’s Development
Jim O’Neill, renowned economist who coined the ‘BRIC’ and ‘MINT’ acronyms, declares the African infrastructure divide, ‘both a defining challenge and a standout investment opportunity of our…
- 9 May 2022
Uduanu, Sigma Pensions Boss Seeks Venture Capital for Startups
Mr Dave Uduanu, the managing director and chief executive officer, Sigma Pensions, has said that startups in Nigeria and Africa require more venture capital funding to accelerate their growth. He…
- 11 Feb 2020
Andela, Facebook Host Hackathon4Justice to Create Solutions that Tackle Social Vices
Andela, the engineering-as-a-service business that helps companies build teams quickly and cost-effectively so they can ship faster, hosted 50 students from selected Nigerian tertiary institutions at…
- 16 Aug 2022
Savannah Energy Signs New Gas Sales Agreement with Notore Chemical Industries PLC
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that the Company's 80% indirectly owned subsidiary,…
- 9 Jan 2020
Ecobank Opens up N70Bn Agricultural Financing Scheme
Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 billion for practitioners in different value chains of Agriculture within the…
- 1 Jul 2014
GSMA Enters mHealth Partnership Across Sub-Sahara Africa
The GSMA announced yesterday that its Mobile for Development mHealth program has launched a new cross-ecosystem partnership. This partnership is designed to provide a range of mHealth services to…
- 5 Feb 2014
CBN Says $20Bn Missing, NNPC Accuses Sanusi of Inconsistency
Mallam Lamido Sanusi, governor of Central Bank of Nigeria (CBN) has said that the outstanding unremitted amount due to the federation account from the sale of crude oil by the Nigeria National…
- 10 Jan 2020
Ecobank Opens up Financing Scheme, to Host Biggest Agric-Business, Food Summit
Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the…