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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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Bayo Ogunlesi Appointed Chairman of AFC

Adebayo O. Ogunlesi, the international investment banker has been appointed Non-Executive Chairman of the Africa Finance Corporation (AFC) - the African-led financial institution whose mission is to help drive faster economic growth on the continent by proactively assisting in the development and financing of critical infrastructure, industrial and other assets.....

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Zenon Petroleum & Gas Proceedings to Wind up Africa Finance Corporation Dismissed

Lagos - Africa Finance Corporation (AFC) today announced that proceedings instituted by Zenon Petroleum & Gas Limited to wind up AFC, were discontinued and struck out with costs awarded to AFC by the Federal High Court, Lagos.....

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Africa Finance Corporation and major International banks commit USD 750 mm to develop Ghana's largest offshore Oil Field

Africa Finance Corporation (AFC) today announced its participation in the signing of a 7- year USD$ 750 million syndicated Reserved Base Lending facility to develop Phase1 of the landmark Ghanaian Jubilee Oil Field - West Africa's largest offshore deepwater find in over a decade,....

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Afreximbank, HSBC, AFC - Win Landmark Trade Finance Award

Africa Finance Corporation (AFC) in partnership with African Export-Import Bank (Afreximbank), concludes its first trade finance deal for the acquisition of aircraft for Arik Air Limited.....

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