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Africa Finance Corporation not in consortium for acquisition of Union Bank

Information relating to the acquisition of Union Bank Plc, reported in the 7 March, 2011 edition of Business Day, included Africa Finance Corporation (AFC) in the Capital Alliance consortium comprising Keffi Capital and Nick Rohatyn Group.....

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AFC Publishes Maiden Edition of its Africa Infrastructure Review

The Africa Finance Corporation has released the maiden 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.....

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AFC Concludes $40 million Investment in Secured Bond

The Africa Finance Corporation (AFC) has concluded a US$40 million investment in a secured four-year $200 million pre-QPO (qualifying public offering) guaranteed convertible bond, issued by Sea Trucks Group Limited. AFC is an anchor investor in this transaction.....

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AFC Holds Power Sector Roundtable Unleashing IPPs in Nigeria

The Africa Finance Corporation (AFC), hosted a Power sector roundtable, to critically examine the key issues, constraints and practical challenges facing IPPs in Nigeria. Participants included key players and stake holders from both the public and private sectors....

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Ghana Formally Joins Africa Finance Corporation

Ghana is now the seventh African nation to become a member of the Africa Finance Corporation (AFC), joining host country Nigeria, Guinea-Bissau, Sierra Leone, The Gambia, Liberia and Guinea.....

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AFC Receives "Deal of the Year" at African Banker Awards 2010

The Africa Finance Corporation (AFC) received the Deal of the Year Award from African Banker magazine. The award was announced at the publication's 2010 African Banker Awards ceremony in Washington, DC alongside the 2010 IMF/World Bank Annual Meetings. ....

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AFC Conferred with Diplomatic Status as an International Institution

Nigerian President Goodluck Jonathan recently signed into law two instruments of ratification for the establishment of the Africa Finance Corporation (AFC) and the location of the organisation’s headquarters in Nigeria. ....

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AFC, Sojitz sign Memorandum of Understanding

The Africa Finance Corporation (AFC) and Tokyo-based firm Sojitz have signed a memorandum of understanding for bilateral cooperation. AFC and Sojitz will cooperate in the identification, preparation and appraisal of infrastructure projects, which are likely to be suitable for financial assistance from both institutions.....

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AFC Supports Wind Power in Cape Verde

The Africa Finance Corporation (AFC) has invested in the development of a landmark wind power project in Cape Verde. AFC has made a significant equity investment in Cabeolica SA, the company set up to build, own and operate the project.....

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AFC-Financed Main One Cable System Now Operational

The Africa Finance Corporation (AFC), lead investor in the Main One Cable Company, joins Main One to mark the global operational launch, today, of the groundbreaking Main One submarine fibre optic cable system project.....

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