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.

Ratification instruments for Establishment and Headquarters Agreements signed.

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

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

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

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