News
Tap into our latest news by clicking on the links below.
Filter by
Press Release
16 January 2025
AFC Earns Top AAAspc Rating from S&P Global (China) Ratings, Further Enhancing Capital Diversification Opportunities
Lagos, January 16, 2025: Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has received the highest issuer credit rating, an AAAspc with a stable outlook, from S&P Ratings (China) Co., Ltd. (S&P Global (China) Ratings), demonstrating AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding. It is the second AAA rating awarded to AFC following equivalent recognition by China Chengxin International Credit Rating Co. Ltd (CCXI).
Press Release
15 January 2025
AFC Successfully Priced its inaugural Hybrid Bond Raising US$500 million for Transformative Infrastructure Projects
15 January 2025, Lagos – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully priced a US$500 million perpetual hybrid bond. This landmark transaction, which is AFC’s debut hybrid bond issue, demonstrates AFC’s leadership in accessing global capital markets and financing transformative infrastructure projects across the continent.
Press Release
13 January 2025
AFC receives AAA rating from China Chengxin, as the Corporation positions for further diversification in funding sources
Lagos, 13 January 2025: Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received an AAA domestic credit rating with a stable outlook from China Chengxin International Credit Rating Co. Ltd (CCXI). The milestone rating enables AFC to deepen its engagement in China’s vast domestic debt capital markets.
Press Release
African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action
African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action
Abidjan, Côte d’Ivoire, December 13, 2024 – The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa.
Press Release
4 December 2024
AFC-led Zambia Lobito Rail Project receives boost from Biden visit to Angola
Luanda, 4th December 2024: The Zambia-Lobito Rail project received pivotal support from US President Joe Biden’s just concluded visit to Angola, with the Africa Finance Corporation (AFC) as the lead developer announcing a series of commitments that underscore the project’s urgency and transformative potential to deliver economic benefits that transcend borders.
Press Release
3 December 2024
AFC Leads up to €2 Billion Syndicated Facility in Largest-Ever Global Loan Syndication for Bank of Industry
Lagos, 3 December 2024 – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI), Nigeria’s largest and most impactful development finance institution. The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa.
Press Release
29 November 2024
AFC receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards
London, 29 November 2024 - Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held last night at a gala dinner in London, the Corporation received this prestigious award for providing unique financial advisory services to partners on transformational infrastructure projects that drive industrialisation and economic advancement across Africa.
Press Release
18 November 2024
AFC Secures US$300 Million Loan, Expanding Investor Base with Indian Lenders
Dubai, 18 November 2024 – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a significant milestone in its ongoing strategy to diversify its international investor base. The transaction introduced a new group of lenders from India, further expanding AFC’s global partnerships.
Press Release
15 November 2024
Japanese Investment in Africa Finds New Support through AFC and JOI Partnership
Lagos, 15 November 2024 – With a mission to scale investment in Africa, a new collaboration between Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, and the Japan Institute for Overseas Investment (JOI), established by the initiative of the Japan Bank for International Cooperation (JBIC), is set to embark on a series of initiatives to facilitate capital flows.
Press Release
12 November 2024
Africa Finance Corporation Facilitates Landmark US$200 Million Corporate Finance Facility for BUA Group
Lagos, 12 November 2024 – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has facilitated a landmark US$200 million corporate finance facility for the BUA Group, a prominent Nigerian conglomerate spanning food, infrastructure, mining and manufacturing sectors.
Press Release
28 October 2024
Saudi EXIM Bank and Africa Finance Corporation Sign MoU to Enhance Export Activities in the Middle East and Africa
Washington DC, 28 October 2024- The Saudi Export-Import Bank (Saudi EXIM) and Africa Finance Corporation(AFC), Africa’s leading infrastructure solutions provider, have signed a Memorandum of Understanding (MOU) to collaborate on initiatives to boost exports in both the Kingdom of Saudi Arabia and AFC’s member countries.
Press Release
October 10
AFC Acts as Joint Lead Manager for the Ecobank Transnational Incorporated US$400MM Eurobond Issuance
Lagos, 10th October 2024 -Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, yesterday announced that it acted as a Joint Lead Manager for the successful pricing of a US$400 million 10.125% Note by Ecobank Transnational Incorporated (ETI). This 5-year offering, which is due on 15 October 2029, was offered in RegS/144A format. The net proceeds from the issuance of the Notes will be used by ETI for general corporate purposes.