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…
- 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…
- 15 Jul 2021
CDC Group Announces US$50m Trade Finance Facility with Ecobank as Part of its Covid-19 Response
CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million…
- 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…
- 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…
- 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,…
- 3 Feb 2014
IFC, IIB to Boost Development in Emerging Markets
International Financial Corporation (IFC) and International Investment Bank (IIB) have agreed on closer collaboration, to provide vital financing to private companies, help boost growth, and create…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 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…
- 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…
- 23 Nov 2017
IFC Invests to aid Better Access to Quality and Affordable Healthcare in Nigeria
International Finance Corporation (IFC) the largest global development institution focused on the private sector in emerging markets has announced that it recently committed an equity investment of…
- 27 Jul 2021
Convergence Partner Secures $120M Fund to Drive Digital Inclusion in Africa
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital…
- 29 May 2016
NITEC & Tech Start-up Financing for National Development
An inspired Facebook post by Chukwuemeka Fred Agbata jr. (CFA) recently got me thinking. He said, “We will keep playing our role for a better Nigeria.... Entertainment, Music, Fashion and Sports does…
- 24 Oct 2019
Standard Chartered, IFC Create $1B Facility to Boost Trade Finance in Emerging Markets
Standard Chartered and International Financial Corporation (IFC), a member of the World Bank Group, have established a US$1.0 billion facility to boost trade finance in emerging markets, helping to…
- 7 Dec 2018
IDB Successful Upgrade of iMAL R14 from Path Solutions
Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the…
- 27 Feb 2025
FIRSTHOLDCO: Reinforcing ESG, Sustainability Initiatives As It Rebrands
By A.Ezekiel In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to…
- 30 Nov 2009
ETI Gets N15 Billion Equity Investment
The International Finance Corporation (IFC) has injected about N14.85 billion in Ecobank Transnational Incorporated (ETI). The injection represents equity investment in the bank, making the IFC one…
- 18 May 2023
Africa Data Centres to Start Construction on a New Facility in Accra
Africa Data Centres, the largest network of interconnected, carrier-and cloud-neutral data centre facilities on the continent, announces that it will shortly start construction on its newly acquired…
- 28 Mar 2024
EAIF Commits Additional US$30M to Support Indorama’s Expansion with Third Urea Plant in Nigeria
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$30 million senior debt facility to Indorama, a leading producer and…
- 9 Dec 2021
Access Bank, IFC Empowers 100 Female Entrepreneurs Across Africa
Access Bank Plc and the International Finance Corporation (IFC) have empowered 100 female entrepreneurs across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative. The…
- 29 Jul 2015
OPIC, Microsoft begin Financing Discussions with Kenya’s Mawingu Networks
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, yesterday signed a mandate letter to begin financing discussions with Mawingu Networks, a…
- 22 Aug 2022
Africa Data Centres Draws $83m of DFC Investment to Drive Expansion Plan
Africa Data Centres, a business of Cassava Technologies, is executing an ambitious plan to build datacentres in ten of Africa’s largest economic capitals – and has drawn US$83-million, the first…
- 12 Dec 2022
FSDH, IFC to Boost Businesses with $33m Facility
The International Finance Corporation (IFC), has approved a credit facility totalling $35 million in partnership with FSDH Merchant Bank to be used to improve access to finance for medium-scale…
- 12 Mar 2021
Coca-cola Empowers Over 2 Million Women Entrepreneurs Across Africa through 5by20 Initiative
The Coca-Cola Company and its partners are proud to celebrate exceeding our 5by20 goal by enabling the economic empowerment of more than 6 million women around the world. 34% (just over 2 million) of…
- 28 Jan 2014
AFC Holds Summit on Infrastructure Development in Nigeria
The Africa Finance Corporation (AFC) will host its inaugural summit in Lagos, titled ‘AFC LIVE: Bridging the Infrastructure Investment Divide’. The event responds to the need to open a dialogue with…
- 19 Jun 2022
Rack Centre Becomes the First IFC EDGE Certified Data Centre in Europe, Middle East and Africa
Rack Centre, an Actis majority owned data centre and the leading carrier-neutral Tier III data centre in West Africa, has become the first International Finance Corporation (IFC) EDGE certified data…
- 14 Mar 2024
MTN Receives EDGE Certificate for Gender Inclusion
MTN Nigeria, Leading ICT company has received the Economic Dividends for Gender Equality (EDGE) MOVE certification from the International Finance Corporation (IFC) at their headquarters in Lagos. MTN…
- 12 Mar 2021
Ecobank Reiterates Interest in Export Trade
Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities,…
- 9 Mar 2021
NSE Urges Private Sector to Challenge Gender Inequality
The Nigerian Stock Exchange (NSE) joined the rest of the world on Monday, 8 March 2021 to commemorate International Women’s Day (IWD) and the 7th Ring the Bell for Gender Equality. With the theme…