The Corporation currently has twenty-seven (27) shareholders. In accordance with the terms of its Charter, private sector investors currently own about 54.7% of AFC’s share capital. The Central Bank of Nigeria is the largest shareholder with an interest of 43.6%; while other notable multilateral shareholders include the Africa Reinsurance Corporation and the African Development Bank Group. AFC’s current authorized and issued share capital is US$2.0 billion and US$1.1 billion respectively as at 31 December 2019. 

The minimum amount of subscription for AFC shares is 50,000 units of shares. There is only one class of shareholder. The rights and obligations of AFC's shareholders are as stipulated in the AFC Establishment Agreement and AFC Charter. All AFC shareholders have the same rights, including entitlement to attend General Meetings, vote, and receive dividend payments based on their pro-rata shareholding. Shareholders who subscribe and pay for at least 50 million shares are entitled to nominate a Director, through the Board Nomination and Governance Committee (BNGC), on to the Board of Directors of AFC. 

Further information on investing in the Corporation is available upon the submission of a non-binding expression of interest letter to invest in AFC.
 












 

 

Share