The Financial Advisory Department provides financial and technical advice to public and private sector clients across Africa, in the areas of infrastructure project development, transaction management, policy formulation and implementation, project financing, mergers, acquisitions, fund management and corporate restructurings.

The suite of advisory services offered cover the Corporation's core areas of operational strength: project concept and development, technical appraisal, investment structuring, capital raising and portfolio monitoring. In this capacity, the Corporation offers proven expertise and relationships in these crucial areas to a select number of public and private clients in Africa.

The Corporation also partners with a broad range of international and local institutions focused on Africa, with a view to delivering high quality advisory input to sponsors, governments and corporate groups that are seeking to develop significant infrastructure projects in Africa.
Key projects have included advice and capital raising services for governments, private sponsors and state-owned enterprises working on transformational infrastructure projects in Nigeria, Guinea, Cote d'Ivoire, Rwanda, and Djibouti, as well as large multinational corporations undertaking, or seeking to enter into, large infrastructure investments in several African countries. 

Recent milestones have included providing ongoing advice to a private sector consortium in the project development and funding for a US$500 million greenfield international airport tobe located in the Bugesera district of Rwanda. This project alone will create up to 1,500 jobs during construction and result in an additional 2,000 fulltime employees after commissioning. The new Airport will improve throughput capacity in the country to 1.9 million passengers annually, provide terminal capacity for 29,000 passengers, and play a key strategic role in boosting tourism and foreign direct investments, helping to drive Rwanda towards becoming a middle-income economy by 2020.

In Djibouti, the Corporation is advising the Djibouti Port and Free Zone Authority on a variety of financial transactions. These include the development of a greenfield world-class ship repair facility, which is expected to assist in retaining significant local content and expertise within the fast-growing country. AFC advisory services are helping to fast track the project development and financing process, which is supported by strong international construction and financing expertise, designed to further diversity and industrialize the economy. In the same country, we are also assisting a private consortium that is developing a 60MW wind farm.

In Nigeria, AFC continues to lead an ongoing assignment to assist the Central Bank of Nigeria (CBN) and the state-owned Bank of Industry in the deployment and monitoring of a critical US$2.0 billion infrastructure intervention facility for Nigeria's electricity and aviation sectors. This Facility remains the single largest source of low cost, local currency financing for infrastructure projects in Nigeria over the last decade, with AFC advising on over 160 power and aviation projects and making total investment recommendations of US$1.6 billion (equivalent) to-date. With AFC's counsel, the facility has financed about 1,370MW of power projects in Nigeria, with 940MW of this capacity providing new supply to the country.

Other projects for which the Financial Advisory Department has provided support include a jointly led mandate to raise US$1.1 billion in debt financing for the vessel acquisition subsidiary of Nigeria Liquefied Natural Gas Limited; a mandate as financial arranger for a 340MW gas-fired Independent Power Producer ("IPP") in Ghana; a mandate as lead arranger in the development and financing of an 80MW peat-to-power IPP in Rwanda; the merger of AFC's electricity sector assets into a new joint venture entity called Anergi Holdings Limited ("Anergi"), as well as the provision of ongoing technical advice to the private-sector managers of the largest innovative local currency infrastructure fund focused on Nigeria. In addition, AFC has advised a number of critical public sector entities, and state-owned Enterprises, including the Federal Ministry of Finance in Nigeria, on the financing of critical infrastructure projects, and the Federal Ministry of Transport in Nigeria on a private sector concession in its national railway infrastructure.

AFC's Financial Advisory Department is creating innovative solutions for major infrastructure projects across Africa. These are progressively addressing the infrastructure gap and creating the sound foundations upon which the continent's economies can develop and grow.
 

 

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