Corporate Governance

The Board of Directors and Executive management of AFC are committed to strong corporate governance practices that ensure effective oversight and strong accountability. The Board of Directors has ultimate responsibility for policy formulation, strategy and decision making, with specific authority delegated to three subsidiary committees and Executive Management for day-to-day operations. Below are the reporting structures of the various Board committees within the Corporation.


The Management Executive Committee (EXCO) is the primary decision making organ at the management level with delegated authority to subsidiary committees for day-to-day operational management of the Corporation.


Africa Finance Corporation Code of Ethics (PDF)