Africa Finance Corporation (AFC)

Company description

The Africa Finance Corporation (AFC) is an international finance institution established in 2007 to provide infrastructure solutions and promote sustainable development across the African continent. AFC was founded by a group of African countries and financial institutions with the support of the Central Bank of Nigeria. It operates as a multilateral financial institution and is headquartered in Lagos, Nigeria. AFC's primary mandate is to bridge Africa's infrastructure gap by financing and promoting various infrastructure projects, including energy, transportation, telecommunications, heavy industry, and natural resources. The organization aims to drive economic development and enhance the quality of life for people in Africa. AFC is owned by African governments, African private-sector companies, and institutional investors. It operates as a private sector-driven international financial institution. It focuses on investments in sectors critical to economic growth, such as power and electricity generation, transmission, and distribution; natural resources and heavy industry; and transportation and telecommunications infrastructure. AFC provides project finance, project development, and financial advisory services to support infrastructure projects. These projects are essential for fostering economic growth, creating jobs, and improving living standards across the continent. AFC has received investment-grade credit ratings from international rating agencies, indicating its financial stability and creditworthiness.

Company details

City:
Lagos
Address:
3a Osborne Road; Ikoyi, Lagos State, Nigeria

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • December 06, 2024

    Multimillion Rail Corridor Project gained momentum following President Biden's visit to Angola

    The Zambia-Lobito Rail project, which has the Africa Finance Corporation (AFC) as the lead developer, has received pivotal support from the US president's just-concluded visit to Angola.

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  • September 27, 2024

    Angola Government signed Concession Agreements to advance Rail PPP Project

    Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the Lobito railway project's financing, construction, ownership and operation.

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  • June 04, 2024

    MoU signed for Rail Project in Democratic Republic of Congo

    The Africa Finance Corporation (AFC), together with Alstom, has signed a Memorandum of Understanding (MoU) for the development of the MetroKin rail project in Kinshasa, Democratic Republic of Congo.

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  • November 22, 2023

    MoU signed for Zambia-Lobito railway and Lobito Corridor Project

    The African Development Bank (AfDB) has signed a memorandum of understanding (MoU) to mobilize resources for the Zambia-Lobito railway and the Lobito Corridor, which connects Angola, the Democratic Re...

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  • November 06, 2023

    Africa Finance Corporation exits stake in Takoradi Port to Yilport Holding

    Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports a...

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  • March 02, 2023

    Democratic Republic of Congo to rebuild multimillion Rail transit system

    The government of Democratic Republic of Congo has announced that Africa Finance Corporation (AFC) entered into a joint development agreement with Trans Connexion Congo (TCC), to develop a mass t...

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  • February 21, 2023

    Development agreement signed for mutimillion Mass Transit system in Democratic Republic of Congo

    Africa Finance Corporation (AFC) has announced an agreement with Trans Connexion Congo (TCC) to develop a 300-km railway-based mass transit system in Kinshasa,  Democratic Rep...

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