Henri Konan Bedie Bridge – Cote d’Ivoire

Africa Finance Corporation (AFC), in conjunction with the African Development Bank, Government of Côte d’Ivoire and other international financial institutions, provided the € 270.0 million co-financing .....

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Bakwena Toll-Road, South Africa

Bakwena Road consists of a 95km section of the N1 highway running from Pretoria northwards, and a 290km section of the N4 highway running from Pretoria westwards, to the Botswana border.....

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Main One Fibre Optic Cable

Main One set up to own and operate a sub-marine fibre optic cable from Portugal to South Africa, landing in Nigeria.AFC is co-largest equity investor with up to USD37.0 million committed....

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Moody's confirms A3/P2 rating for AFC

Africa Finance Corporation (AFC), the leading African investment grade rated multilateral development finance institution, established in 2007, has today had its international credit rating reaffirmed at A3/P2 (Stable outlook) by Moody’s Investors Service (“Moody’s”).

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Cabeolica Wind Farm Project

The Cabeolica Wind Farm Project in Cape Verde project won the 2011 Africa Energy Award for being the first privately financed commercial scale Public Private Partnership (PPP) wind farm in Sub-Saharan Africa....

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Bel Air Mining

An international consortium including Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of Guinea-Conakry’s high grade bauxite reserves. The US$205 million deal will be one of the largest foreign investments in the country since the 2014 Ebola crisis.

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Principal Investing
Project Development
Financial Advisory
Environmental and Social Management

News & Press Releases

  • AFC KIMCHI Loan Signing

    Left to right: Mr B.H Sung Chief Rep. Bank of Korea; Mr J.H. Lee Chief Rep. Financial Supervisory Service in Korea; Mr C.B. Park, General Manager of KEB Hana Bank, London Branch; Mr K. Ryder, UK Head of Nedbank; Mr S. Zubairu President & CEO of Africa Finance Corporation; Mr W.J. Jung, Head of Group & Global Investment Banking, Shinhan Financial group; Mr D.J. Lee, Director of Investment Banking, Nonghyup Bank; Mr H.S Kim, Minister of counsellor (Economy and Finance), Korea Embassy in London; Mr S.H Seo, General Manager of Shinhan Bank, London Branch  .... Read more »


Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider, today announces its commitment to provide over N500 million to the Central Bank of Nigeria(CBN) Private Sector Coalition against the Coronavirus pandemic (COVID-19), aimed at targeting interventions in emergency hospitals in Lagos and Abuja. AFC is also providing critical medical supplies to the Nigeria Center for Disease Control (NCDC) to enhance its capacity as it manages the increasing number of COVID-19 cases in Nigeria..... Read more »

Our History and Achievements

2006 – 2008

Technical committee set-up to produce AFC concept paper.

AFC set-up as CBN lead PPP with banks.

Subsidiary committees of Board established.

First equity investment approved: Main One Cable.


Gambia, Liberia, Sierra Leone and Guinea join AFC.

First debt investment: Kosmos Ghana.

Nigeria positively concludes inquiry

Inaugural IFRS based financial statements approved by AGM

Bayo Ogunlesi joins Board as new Chairman

Deal of the Year Award with HSBC and Afrexim.

Net Income: US$28.7mm

Ratification instruments for Establishment and Headquarters Agreements signed.

AFC appointed Technical Adviser to CBN on power and aviation fund.

Net Income: US$10.9mm

US$775mm in approved investment transactions.

Ghana joins AFC and pledges US$ 50 million investment

Broad pan-african business footprint: Ghana, CIV, Zambia, Ethiopia, South Africa, Cape Verde, Kenya.

Net Income: US$34.7mm

Dividends: US$ 15.0 million


Investment portfolio of US$974 million committed, US$799 million disbursed, 80% debt & 20% equity, across 13 countries.

Cumulative investments: US$ 1.87 billion approved, US$1.37 billion committed, US$1.06 billion disbursed, (53% in Nigeria, 15% in W.A, 17% in E.A, 5% in SA & 10% in others)

140 projects reviewed across all 6 sectors, valued at over US$3.5 billion

US$200 million line of credit from AfDB

Membership: Chad joins. Gambia ratifies

Parliamentary approval for Cenpower

Net Income: US$56.3mm

2013 - 2014

Revised 5-year plan to become a US$5bn operation by 2016.

Cumulative investment in excess of US$1.2bn.

Total assets of US$1.9bn.

Oversubscribed debut international syndication of US$250 million

European DA lines of credit of US$125 million

First investment in Chad, Cameron, DRC & Gabon.

Cape Verde becomes a member.

Debut international credit rating of A3 by Moody’s.

Third successive year of dividend payment

Net Income: US$93m

AFC total investments now stand at US$3.2 billion across 22 African countries.

Inaugural US$750 million 4.375% 5-year international bond issued. Bond is over six times oversubscribed.

Accreditation as a partnering institution to the Green Climate Fund.

Gabon, Côte d’Ivoire, Rwanda and Uganda join AFC.

Cooperation agreements signed with Islamic Development Bank and East African Development Bank.

A3 credit rating reaffirmed by Moody’s

Net Income: US$70m


AFC merges several key power assets with Harith General Partners

US$ 55 million invested in Maamba Collieries Limited, Zambia

Lead arranger for an up to US$425 million senior mezzanine facility for New Age (African Global Energy) and invested US$75 million

Secured a US$150 million 15-year loan facility from KfW Development Bank

Launch of Africa Infrastructure Development Association (AfIDA), a think tank and network to promote and enable project development Bank

Hosted the Powering Africa’s Future Forum in Dubai with Dentons, a leading global law firm

Djibouti becomes AFC member.

Net Income: US$115.3m


AFC issues US$150 million maiden sukuk

US$25 million quasi-equity investment in Carbon Holdings

AFC joins consortium to invest US$ 205 million in Alufer Mining

Arranged senior debt facilities of US$225 million, contributed US$75 million in loans and providing and underwriting commitment of US$35 million for Hakan IPP

AFC issues US$500 million Eurobond

Kenya, Benin and Zambia become AFC members

Launch of Gabon Special Economic Zone, in which AFC invested US$ 150 million

AFC sign Master Cooperation Agreement with International Finance Corporation

AFC signs Accreditation Master Agreement with Green Climate Fund

Net Income: US$109.1m


Samalia Zubairu appointed AFC’s 3rd President and CEO

Ghana becomes sovereign shareholder in AFC

Africa Reinsurance becomes first multilateral corporation to invest in AFC

AfDB investment in AFC equity

Malawi, Togo and Zimbabwe become AFC member states

AFC secures US$ 300 million loan facility with China’s Export Import Bank

Completion of construction of the Bel Air Bauxite Mine in Guinea-Conarkry

Signing of joint development agreement for Wind Power project in Djibouti

Société Ivoirienne de Raffinage, lead arranger of €577 million debt facility

AFC investment of €50 million in Nachtigal 420MW Hydro Power Company, Cameroon

US$ 300 million syndicated facility from commercial banks

Net Income: US$118m