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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News & Press Releases

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.

Net Income: US$4.4mm

Gambia, Liberia, Sierra Leone and Guinea join AFC.

First debt investment: Kosmos Ghana.

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

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

Net Income: US$34.7mm

Cumulative investments: US$1.87bn approved, US$1.37bn committed, US$1.06bn disbursed, 140 projects reviewed in 24 countries across all 6 sectors, valued at over US$3.5bn.

US$200m line of credit from AfDB Membership

Chad joins AFC

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.

First investment in Chad, Cameron, DRC & Gabon.

Cape Verde becomes a member.

Debut international credit rating of A3 by Moody’s.

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


AFC merges several key power assets with Harith General Partners.

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

Launch of the Africa Project Development Initiative (APDI), a think tank and network to promote and enable project development in Africa.

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

Djibouti joins AFC

A3 credit rating reaffirmed by Moody’s


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

AFC LIVE- AFC celebrates 10 years

Kenya joins AFC


Zambia joins AFC

Benin Republic joins AFC

AFC signs Master Cooperation Agreement with IFC

AFC signs Accreditation Master Agreement with the Green Climate Fund (GCF)