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.
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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.
Read moreAfrica 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.
Read moreThe 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.
Read moreThe 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...
Read moreAfrica 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...
Read moreThe 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...
Read moreAfrica 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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