News Articles

Republic of Tunisia Becomes Africa Finance Corporation’s 34th Member State TUNIS, Tunisia -Wednesday 25 May 2022  

(BUSINESS WIRE) -- The Africa Finance Corporation (“AFC”) has welcomed Tunisia as its 34th member state. Tunisia’s accession brings the total number of North African member states of the AFC to three, with Morocco and Egypt becoming members in 2021, deepening the infrastructure...

Africa Finance Corporation Launches US$2bn Facility to Support Economic Recovery & Resilience in Africa -Thursday 12 May 2022  

(BUSINESS WIRE) -- In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa. AFC has committed to funding up to 50% of the new African...

Africa Finance Corporation: Three steps for Africa to combat climate change -Thursday 12 May 2022  

(BUSINESS WIRE) -- With hopes for countering global warming pinned on progress at the upcoming COP27 UN Climate Change Conference in Egypt, a new report from the Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, sets out the continent’s stance by balancing...

AFC Rebrands to Deliver New Infrastructure Potential -Tuesday 29 March 2022  

(BUSINESS WIRE) -- As the Africa Finance Corporation (AFC) marks its 15th anniversary, the Corporation is rebranding with ‘Instrumental Infrastructure. Instrumental Africa’ as its strapline. Our new logo embodies our mission to be the bridge to a prosperous African future, as we...

AFC Raises $400 Million in Syndicated Loan for Critical Infrastructure in Africa -Tuesday 18 January 2022  

(BUSINESS WIRE) -- Africa Finance Corporation, Africa’s leading infrastructure solutions provider, has raised USD$400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since...

AFC to Provide $200 Million for BUA’s Integrated Sugar Project -Tuesday 7 December 2021  

(BUSINESS WIRE) -- Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has approved a US$200 million corporate facility for BUA Industries Limited, a member of the BUA Group (BUA), to complete its vertically integrated sugar facility in Lafiagi, Kwara State,...

Africa Finance Corporation Onboards All West African Countries as Members -Monday 8 November 2021  

(BUSINESS WIRE) -- Africa Finance Corporation (AFC) is delighted to welcome the Republic of Niger as its 33rd member state. The Corporation has now achieved 60% of countries of Africa as member states. “It is my pleasure to welcome the Republic of Niger as a member of AFC”, said Samaila...

Africa Finance Corporation Plans $500 Million Infrastructure Climate Resilient Fund under newly created asset management... -Tuesday 14 September 2021  

(BUSINESS WIRE)-- As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF). AFC Capital Partners...

Africa Finance Corporation Receives a US$100M Loan From India Exim Bank to Spur Post-Covid Recovery -Saturday 11 September 2021  

(BUSINESS WIRE)-- Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has received a US$100 million credit line from the Export-Import Bank of India (India Exim Bank) to develop the critical infrastructure required to rebuild Africa’s economies in...

Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US$1 Billion of... -Thursday 9 September 2021  

(BUSINESS WIRE) -- Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up...

Guinea, Togo Join as Shareholders in Africa Finance Corporation -Tuesday 13 July 2021  

(BUSINESS WIRE)-- Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has onboarded the Central Bank of Guinea and the Togolese Republic as its newest shareholders, cementing AFC’s pan-African representation. One of AFC’s first Member States in 2008, the...

Africa Finance Corporation Appoints Kirstine Damkjaer, Ex-CEO of Danish Export Credit Agency, to Its Board -Thursday 8 July 2021  

(BUSINESS WIRE)-- Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has appointed to its Board of Directors, Kirstine Damkjaer, the former Chief Executive Officer of EKF, Denmark’s Export Credit Agency. Ms. Damkjaer joins the Board of Directors as an...

Africa Finance Corporation Tops 30 Member States With Burkina Faso, DRC & Morocco Acceding -Wednesday 9 June 2021  

(BUSINESS WIRE) -- In a milestone for its pan-Africa mission, Africa Finance Corporation, one of the region’s biggest investors in infrastructure development, today announces that it has exceeded 30 member states, representing more than half the continent. Membership by Burkina Faso,...

Outlook on Africa Finance Corporation’s Rating Raised to Stable by Moody’s -Friday 4 June 2021

(BUSINESS WIRE) -- Africa Finance Corporation, Africa's leading infrastructure solutions provider, received a boost to its credit ratings outlook from Moody’s Investors Service, which assigned a “stable” outlook. The decision ratifies the second highest investment-grade ranking among...

Africa Finance Corporation issues US$750 million 7-year Eurobond at a yield of 2.99% -Friday 23 April 2021

(BUSINESS WIRE) -- In a sign of robust global investor interest in the continent, Africa Finance Corporation, a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date. The US$750 million 2.875%...

Africa Finance Corporation’s Total Assets Grow by 20% to US$7.36 Billion in 2020 -Monday 12 April 2021

(BUSINESS WIRE)-- Africa Finance Corporation, one of Africa’s biggest investors in infrastructure development, has delivered a 20% growth in total assets during the 2020 pandemic year. AFC’s audited financial statements for 2020 calendar year show strong and continued growth, with total...

Africa Finance Corporation hires Blackstone’s Zarou CEO, Sameh Shenouda, as CIO -Monday 15 February 2021  

(BUSINESS WIRE)-- Africa Finance Corporation, one of the biggest investors in infrastructure solutions in Africa, is pleased to announce the appointment of Sameh Shenouda as its new Executive Director and Chief Investment Officer. Mr. Shenouda brings over 27 years of experience in investments...

OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation -Wednesday 27 January 2021  

(BUSINESS WIRE)-- The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation...

Africa Finance Corporation Secures US$250 Million Capital Loan From US Government’s International Development... -Tuesday 5 January 2021

(BUSINESS WIRE)-- Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). Formed in...

The Republic of Congo Brazzaville Becomes the Africa Finance Corporation’s 28th Member State -Tuesday 22 December 2020

(BUSINESS WIRE) -- The Africa Finance Corporation (“AFC” or the “Corporation”) is delighted to welcome the Republic of Congo (“Congo Brazzaville” or “Congo”) as its 28th Member State, following the execution of the country’s Instrument of Adherence by Mr Gilbert Ondongo,...

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