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AFC partners with InfraCo and Cenpower to support Electric Power Development in Ghana

The Africa Finance Corporation (AFC) today signed an agreement with Infraco Limited (InfraCo) and Cenpower Holding Company Limited to acquire a 46% controlling stake in Cenpower Generation Company Limited and its $450 Million power plant under development in Tema, Ghana.....

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AFC Invests US$20 Million in Oil & Gas Firm Seven Energy

The Africa Finance Corporation (AFC) has made an equity investment of $20 million in Seven Energy, an indigenous oil and gas exploration and production firm focused on the monetisation of Nigeria's discovered but undeveloped gas reserves. ....

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Bayo Ogunlesi Appointed Chairman of AFC

Adebayo O. Ogunlesi, the international investment banker has been appointed Non-Executive Chairman of the Africa Finance Corporation (AFC) - the African-led financial institution whose mission is to help drive faster economic growth on the continent by proactively assisting in the development and financing of critical infrastructure, industrial and other assets.....

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Zenon Petroleum & Gas Proceedings to Wind up Africa Finance Corporation Dismissed

Lagos - Africa Finance Corporation (AFC) today announced that proceedings instituted by Zenon Petroleum & Gas Limited to wind up AFC, were discontinued and struck out with costs awarded to AFC by the Federal High Court, Lagos.....

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Africa Finance Corporation and major International banks commit USD 750 mm to develop Ghana's largest offshore Oil Field

Africa Finance Corporation (AFC) today announced its participation in the signing of a 7- year USD$ 750 million syndicated Reserved Base Lending facility to develop Phase1 of the landmark Ghanaian Jubilee Oil Field - West Africa's largest offshore deepwater find in over a decade,....

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Afreximbank, HSBC, AFC - Win Landmark Trade Finance Award

Africa Finance Corporation (AFC) in partnership with African Export-Import Bank (Afreximbank), concludes its first trade finance deal for the acquisition of aircraft for Arik Air Limited.....

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Liberia joins Africa Finance Corporation

Liberia is the newest member of the Africa Finance Corporation (AFC). On 10 June, 2009, Liberia signed the Instrument of Accession and acceptance of membership of the Africa Finance Corporation....

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AFC Leads the Financing of a Pan-African Submarine Cable System

Africa Finance Corporation (AFC) and other investors have closed an equity financing deal for the Main-One Submarine Optical Fiber Cable System.....

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The Gambia Joins the Africa Finance Corporation

The Republic of The Gambia formally joined the Africa Finance Corporation (AFC) on 27th February, 2009 when the Honourable Mousa Gibril Balla Gaye, Secretary of State for Finance and Economic Affairs of The Gambia....

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Africa Finance Corporation Support for Infrastructural Development in Sierra Leone

His Excellency, President Ernest Bai Koroma has invited Mr. Andrew Alli, President/CEO of AFC to visit Sierra Leone in the first quarter of 2009. The purpose of the visit is to support infrastructure development in Sierra Leone.....

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