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AFC mobilizes in the fight against Ebola

Africa Finance Corporation is providing financial assistance to the Governments of its member countries affected by the worst Ebola outbreak in history: Guinea, Liberia, Sierra Leone and Nigeria. AFC’s assistance will be directed through partnerships with: The International Federation for Red Cross and Red Crescent Societies; the Virology Unit of the Central Research Laboratory of the College of Medicine, University of Lagos, Nigeria and the Lagos State Infectious Diseases Hospital, Nigeria. AFC’s contribution of USD200,000 to these organisations will have a positive impact in containing the virus now and equipping medical facilities in affected countries for the future.

The International Red Cross has been responding to the Ebola outbreak and currently (in conjunction with other agencies) has over 2,000 staff working in West Africa, as the world struggles to contain and beat the virus. Targeted private sector donations administered by International and national agencies in the affected countries, enable the provision of vital personnel protection equipment, provision of ambulances and medical supplies to Ebola Operation Centres in the countries most affected, the provision of diagnostic and surveillance services, as well as training the increasing numbers of volunteers being recruited to reach remote communities.

AFC is an African private sector led multilateral development finance institution, established in 2007 to invest in Infrastructure across Africa. The current member countries are Ghana, Nigeria, Guinea-Bissau, Guinea, Liberia, Sierra-Leone, The Gambia, Chad and Cape Verde. The Corporation is headquartered in Lagos, Nigeria. AFC is involved as an investor, developer and financier of various infrastructure projects in Africa with product offerings including debt, equity, and mezzanine instruments within the project finance, trade and structured finance and equity investment space. In addition, AFC offers clients, financial advisory, project development and technical advisory services across five major focus sectors namely, Power, Natural Resources (Oil, Gas and Mining), Heavy Industries, Transport Infrastructure and Telecommunication Infrastructure. As a Corporation in the development and infrastructure space, AFC has a moral obligation to give back to society and the communities in which it operates.

Andrew Alli President & Chief Executive Officer, Africa Finance Corporation said: “AFC does not operate in a vacuum, we place great importance on making a difference in the environments in which we operate. Our relationship with civil society is a critical factor in our ability to continue to operate effectively in our member countries. More importantly, as a good corporate citizen we cannot watch this human tragedy unfold without contributing towards its resolution in our own small way”

Notes to Editors

About AFC – www.africafc.org
About Red Cross International - www.redcross.org.uk

About the AFC:

• AFC is an African-led multilateral development finance institution, established in 2007, with a mission to improve African economies by proactively developing and financing infrastructure, industrial and financial assets.

• AFC is involved as an investor, developer and financier of various infrastructure projects, and is gaining recognition as the benchmark institution for financing the development of infrastructure projects in Africa.

• AFC’s current authorized share capital is USD2 billion with shareholders’ funds of USD1.28 billion and a 2014 funding programme in excess of USD1billion .

• AFC is one of the highest investment grade-rated multilateral finance institutions on the African continent, with an A3 (long term) /P2 (short term) foreign currency debt rating by Moody’s Investors Service.

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