Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation launches US$2bn facility to support economic recovery and resilience in Africa

AFC has committed to funding up to 50% of the facility and mobilizing the rest through its network of international partners and investors

In the wake of global crises including the COVID-19 pandemic and more recently the Russia-Ukraine conflict, Africa Finance Corporation (AFC) (www.AfricaFC.org) is pleased to announce the launch of a US$2billion facility to support bank-driven economic recovery in Africa, and the resilience of African economices. AFC has committed to funding up…

Source: Africa Finance Corporation (AFC) |

Three steps for Africa to combat climate change

New policy paper defines continent’s stance ahead of COP27

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) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, sets out the continent’s stance by balancing the need for emissions reduction with critical development imperatives.…

Africa Finance Corporation (AFC)
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    • Signing Ceremony for Facility Agreement between China Export Import Bank and Africa Finance Corporation, Beijing China; L-R: Seated - Oliver Andrews, Executive Director & Chief Investment Officer Africa Finance Corporation; Mr. Zhu Canzhang, General Manager Corporate Banking CEXIM; L-R: Standing – Banji Fehintola, Senior Director & Treasurer Africa Finance Corporation; Samaila Zubairu, President & CEO Africa Finance Corporation; Mr. Xie Ping, Vice President CEXIM; Mr. Zha Ying, Deputy General Manager Treasury CEXIM; Ms. Zou, Wenjing, Deputy General Manager International Department CEXIM
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China

The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC)

Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose.  The facility from CEXIM marks…

Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation issues US$150 million maiden Sukuk

Issuance represents the global market’s first USD Sukuk transaction of 2017 and the first Sukuk transaction from an African supranational entity

Africa Finance Corporation (AFC) (www.AfricaFC.org), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed, resulting in the transaction being…

Africa Finance Corporation (AFC)
Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Completes Corporate Restructuring with the Appointment of Sanjeev Gupta

Sanjeev Gupta, joins the Africa Finance Corporation (AFC) as Executive Director, Financial Services.

In January, 2015 AFC implemented a new organisational structure. The purpose of this re-organisation was to increase the Corporation’s client responsiveness by creating sector clusters, that would each be responsible for delivering all of AFC’s products to clients within those sectors, simplifying the Corporation’s structure and increasing responsiveness. In achieving…