30 results
- 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…
- 28 May 2013
Natural Resources can Fuel Africa’s Economic Transformation-Report
Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2013…
- 11 Aug 2026
Africa50 Secures Fresh Capital, Strategic Partnerships to Accelerate African Infrastructure
Africa50, the pan-African infrastructure investment platform, has secured new investment commitments and strategic partnerships with international investors and Tanzanian institutions aimed at…
- 16 Oct 2014
Over 130 Projects Worth $246Bn Expected At TGAIS 2014
A hundred and thirty-six bankable projects worth a combined total of $246 billion, in the natural resources, agribusiness, power and critical infrastructure sectors, will be presented at The Global…
- 6 Dec 2021
Heritage Bank Sets to Expand Wheat Production with Disbursement of N14Bn to Farmers in 14 States
Heritage Bank Plc in partnership with the Central Bank of Nigeria has set up plans to disburse a whopping sum of N41billion to farmers from 14 states for the expansion of wheat production project.…
- 18 Oct 2023
AFC, SMDF, Other Partner to Boost Nigeria's Geological Data Capabilities
In a groundbreaking move for Nigeria's mining sector, Africa Finance Corporation (AFC), the leading infrastructure provider on the continent, the Solid Minerals Development Fund of Nigeria (SMDF), a…
- 16 Jun 2013
Chevron Confirms First Cargo from Angola LNG
Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited has confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of…
- 4 Oct 2013
ExxonMobil Gets Extra $1.5Bn for PNG LNG
ExxonMobil has secured an additional $1.5 billion in debt financing for its $19 billion Papua New Guinea liquefied natural gas (LNG) project, its project partner Oil Search (OSH.AX) said on Friday.…
- 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…
- 26 Jul 2026
AfDB, Nigeria Urge African Control of Mineral Resources
Nigeria and the African Development Bank (AfDB), on Sunday, called for stronger African ownership of the continent’s vast mineral resources and advocated greater data sovereignty, regional…
- 20 Oct 2017
AfDB, OpenOil Launch Report on How African Governments Manage Extractive Resources.
African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining…
- 26 Aug 2024
AFC Supports Africa’s Largest Methanol Plant, Transforming Flared Gas into Valuable Resources
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the…
- 23 Feb 2009
Intercontinental Bank Gets $100M Credit Line from AFDB
African Development Bank Group (AFDB) has approved the sum of $100million Line of Credit (LoC) to Intercontinental Bank Plc to finance small and medium sized enterprises (SMEs). The Company for…
- 14 Nov 2016
FG to Restructure NNPC, List Shares on NSE
Federal government plans to list the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange, once it concludes its reforms of the country’s petroleum sector, the latest draft…
- 13 Dec 2021
CBN Earmarks N41bn through Heritage Bank for Dry Season Wheat Projects’ Farming
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers…
- 28 Jan 2022
Cenfura to Provide 5 Million Solar Connections in Nigeria
The global energy crisis has raised significant concern over the world’s demands on non-renewable natural resources that power the majority of our planet. These resources are diminishing as the…
- 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,…
- 26 Feb 2025
Nigerian Developers Get Free AI-Assisted Coding from Gemini Code Assist
Google has unveiled Gemini Code Assist for individuals, a free version of their AI-coding assistant. This development assistant powered by Gemini 2.0 is now available to Nigerian developers and it…
- 12 Aug 2014
With Touching Lives, Airtel Committed To Nigeria’s HCD Index
Nigeria is by far the most populous country in Africa and is well endowed with natural resources; a uniqueness that gives it an edge over all other Third World countries. However, despite these…
- 4 Jun 2015
SAP Africa Partners German Ministry to Facilitate Economic Prospects for Africa
SAP Africa announced its participation in a partnership with the German Ministry for Economic Cooperation and Development (BMZ). Titled “Digital Africa”, the project is focused on how new…
- 17 Sept 2012
MobileMoney and Future of Insurance in Nigeria
With growing incidences of natural disasters, crop failures, investment uncertainty, growing population and dwindling natural resources, Africans are more than ever before exposed to the effects of…
- 21 Feb 2025
AfDB Partners Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police…
- 28 Feb 2013
AfDB Commits $57.66m Towards Food Security in Horn of Africa
African Development Bank has signed a $57.66-million loan agreement for the multinational Drought Resilience and Sustainable Livelihoods Programme (DRSLP) in the Horn of Africa (HoA) with the…
- 12 Aug 2025
RMRDC Urges Investors to Patronise Research Outputs, Embrace Domestic Resource Based Manufacturing
The Raw Material Research and Development Council (RMRDC) is wooing Nigerian investors to patronise its research outputs by embracing domestic resource based manufacturing that would end Nigeria’s…
- 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…
- 31 Jul 2014
PwC Increases Investment to Accelerate Africa Growth Opportunities
PwC has announced it is increasing its investment in Africa and building closer links between PwC UK and PwC Africa, to meet increased demand for professional services as trade activity between the…
- 18 Apr 2024
Verra Certifies d.light’s Clean Cookstove Projects in Sub-Saharan Africa
A series of pioneering projects by d.light, the global provider of transformational household products and affordable finance for low-income households, to distribute 600,000 energy-efficient clean…
- 12 Jul 2024
Oriental News 2024 Summit: Muda Yusuf to Lead Discussion on Nigeria's Path to Green Economy Transition
Dr. Muda Yusuf, Chief Executive Officer, CEO, of the Center for The Promotion of Private Enterprise, CPPE, would drive discussion on Nigeria's policy direction to establishing pathway towards…
- 22 Jul 2016
OR Solutions, NBET Sign 50MW Jigawa Power Purchase Agreement
Oriental Renewable Solutions (Oriental), an Oriental Group company, has signed a 20 year, dollar denominated Power Purchase Agreement (PPA) with the Nigerian Bulk Energy Trader (“NBET”) for the…
- 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,…