NewsFeedsRSS 2.0

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....

Continue Reading

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. ....

Continue Reading

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. ....

Continue Reading

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....

Continue Reading

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,....

Continue Reading

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. ....

Continue Reading

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.....

Continue Reading

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.....

Continue Reading

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.....

Continue Reading

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.....

Continue Reading

Share