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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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AFC, Access Bank Sign Master Risk Participation Agreement for Trade Transactions

The Africa Finance Corporation (AFC) and Nigeria’s Access Bank have signed a master risk participation agreement for trade transactions. The agreement allows each institution to provide risk cover—with or without funding— for trade transactions originated by the other.....

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AFC to Support Power Generation in Ghana

The Africa Finance Corporation (AFC) today signed an agreement with Ghanaian partner Cenpower Generation Company Limited (Cenpower), to join forces in developing the Kpone Independent Power Project – a 340 megawatt combined cycle gas turbine power plant in Tema, Ghana.....

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AFC partners with InfraCo and Cenpower to support Electric Power Development in Ghana

The Africa Finance Corporation (AFC) today signed an agreement with Infraco Limited (InfraCo) and Cenpower Holding Company Limited to acquire a 46% controlling stake in Cenpower Generation Company Limited and its $450 Million power plant under development in Tema, Ghana.....

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AFC Invests US$20 Million in Oil & Gas Firm Seven Energy

The Africa Finance Corporation (AFC) has made an equity investment of $20 million in Seven Energy, an indigenous oil and gas exploration and production firm focused on the monetisation of Nigeria's discovered but undeveloped gas reserves. ....

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