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Ogunlesi listed by Forbes as one of top 10 Africans making it in New York

It’s impossible to talk about powerful Africans in business without mentioning 59 – year-old Nigerian industrialist, Adebayo Ogunlesi. As chairman and managing partner of Global Infrastructure Partners, a $5.64billion New York-based private equity firm,....

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AFC and Afreximbank sign $320m Trade Finance Facility

Africa Finance Corporation (AFC) today signed its first transaction in Cote d’Ivoire - a USD320 million syndicated trade finance facility to finance the importation, processing and refining of crude oil by Societe Ivoirienne de Raffinage (SIR)....

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AFC Wins Landmark Leadership in Sustainable Investment in Africa Award for Cabeolica Renewable Energy PPP

Africa Finance Corporation (AFC) was today awarded  the  ‘Leadership in Sustainable Investment in Africa’ award for the Cabeolica wind farm project, at the Investment and Business Leader Awards held during the IMF and World Bank annual meetings in Washington DC, USA.  ....

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AFC seals USD50 million Bilateral Term Loan Facility

Africa Finance Corporation (AFC) today completed its maiden borrowing, a US$ 50 million bilateral loan facility with Standard Bank plc. This marks AFC’s initial step in fully leveraging its balance sheet to invest in and support the development of critical infrastructure in the power, natural resources....

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AFC funds USD 668 million Ethiopian Airlines fleet Modernisation

Africa Finance Corporation (AFC), in collaboration with other international financial institutions, has concluded the co-financing of five new Boeing 777-260LR aircraft for Ethiopian Airlines. The acquisition of the new airplanes was in line with the Airline’s fleet modernization and expansion program. ....

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AFC Announces Strategic Partnership with IDFC

The Africa Finance Corporation (AFC) today formalised a strategic partnership with the Infrastructure Development Finance Company Limited (IDFC), through the signing of a Memorandum of Understanding (MoU) between the AFC and IDFC Capital Limited (IDFC Capital), a wholly owned subsidiary of IDFC. ....

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AFC Publishes Second Edition of its Africa Infrastructure Review

The Africa Finance Corporation has released the second issue of its quarterly publication, the Africa Infrastructure Review. Africa Infrastructure Review offers AFC’s perspective on topical issues relating to infrastructure development, financing and investment in Africa. I....

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AFC Finances Landmark Oil & Gas Acquisition by a Nigerian Company

The Africa Finance Corporation (AFC) has announced a US$80 million investment and role as a Joint Mandated Lead Arranger (MLA), with Access Bank, in a US$150 million senior debt syndication for a newly established Oil & Gas Company, Neconde Energy Limited,....

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AFC funded Cabeolica Project wins Best Renewable Energy Award

The Africa Finance Corporation (AFC) scored another first with the granting of the Best Renewable Project in Africa Award to the Cabeolica Project, at the recent Africa Energy Awards held in Johannesburg. ....

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AFC Seals USD7.75mn Investment in Tower Power Utility

 Africa Finance Corporation (AFC) has concluded a USD 7.75 million investment in the expansion and development of Tower Power Utility Limited (TPUL), existing gas-fired power generation capacity from 8.75MW to 15.3MW.....

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