A Second Decade
- 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$118 million