Along with managing government relations affairs for AFC, the Country Relations department also drives equity mobilisation with the aim of broadening our shareholder base and maintaining strategic partnerships geared towards public and private sectors to achieve the AFC mandate.
The department’s core strategy is anchored on creating an operating framework that positions AFC as a catalyst for infrastructure development across Africa. As an effective cross-department enabler, Country Relations also acts as an origination engine for our organisation.
AFC has two levels of Membership:
A prospective Member Country/State may join the AFC by signing the Instrument of Adherence and ratifying its Constitutive Instruments, namely the AFC Establishment Agreement through its cognitive/constituent authority.
Membership & Shareholding
Member Countries may elect to make financial commitment/investment and become shareholders through their designated entities (e.g. Central Banks, Ministry of Finance, Sovereign Wealth Funds and State Pension Funds or development banks) at any time convenient to the member country.
Ratification of AFC Membership
Member countries, upon acceding to membership, are required to ratify AFC’s Constitutive Instruments in line with their national laws, essentially to domesticate the AFC Treaty into local law, in accordance with the requirements of the country’s internal protocols.
- the Cabinet / Council of Ministers, and / or
- the National Assembly / Parliament / President.
Membership of AFC is open to all African states. We currently have forty (40) member states:
- Nigeria (Host Country)
- Burkina Faso
- Cape Verde
- Côte d’Ivoire
- Democratic Republic of Congo
- Guinea Bissau
- Guinea Conakry
- Republic of Congo
- Sierra Leone
- South Sudan
- The Gambia
Benefits of AFC membership
Competitive financing for projects in member countries
Increased Investment Allocation to Member Countries
Access to Public Sector Advisory & Project Development Facilities
The following section provides an all-in-one repository for our regular reports, investor presentations and factsheets.