We always take an end-to-end view of projects, seeking to participate through the entire project life cycle from concept design to operations, working with partners to find solutions to market challenges.

We are one of Africa’s unique success stories, well positioned to continue playing a catalytic role in mobilising global capital to help bridge Africa’s critical infrastructure deficits. As such, we consistently seek proactive engagements with private and multilateral institutions to provide finance for transformative infrastructure projects in Africa with high developmental impact.

This clear focus has enabled us to grow stronger year by year to become one of the highest investment-grade rated multilateral financial institution in Africa – with a constant A3/P2 rating since 2015 from Moody’s Investors Service. We have consistently grown our balance sheet, broadened our asset base and expanded our geographic footprint. Since 2007, AFC has mobilised up to US$5.1 billion of funding from global debt markets and deployed over US$11.5 billion in investments to finance projects in 36 African countries.

Shareholder structure

AFC has 37 shareholders with a significant proportion from the private sector. This innovative structure has served our performance historically – with the support of regional and non-regional multilateral institutions, long-term investors, impact investors and academia, all driven to help Africa achieve its full economic potential.

Funding

Funding plays a critical role in AFC’s operations, enabling the execution of transformative projects across the continent. Our strategies to seek new and varied sources across the world include:

Tapping into niche markets to attract new pockets of liquidity

Diversifying our funding sources through a proactive investor engagement programme

Leveraging market opportunities to drive down funding costs

Extending maturity profile of debts to fund longer-term assets

Loan Bonds

2022

EU €150mm

• Deutsche Investitions- und Entwicklungsgesellschaft(DEG)/Proparco
• Amount: EU €150,000,000
• Tenor: 10
• Use of Proceeds: supports the development and implementation of infrastructure projects that enhance the continent’s ESG impact
• Signed: 2022

2022

USD $160mm

• Kimchi
• Amount: USD 160,000,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2022

2022

USD $50mm

• Opec Fund for International Development(OFID)
• Amount: USD 50,000,000
• Tenor: 10
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2022

2022

USD $412mm/¥1bn

• Samurai
• Amount: USD $412,000,000/¥1,000,000,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed; 2022

2022

US $100mm

• Korea Development Bank
• Amount: USD 100,000,00
• Tenor: 5
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2022

2022

EU €100mm

• CDP
• Amount: EU€ 100,000,000
• Tenor: 10
• Use of Proceeds: to support the renewable energy transition in Africa
• Signed: 2022

2021

US $400,000

• Syndicated Loan
• Amount: USD 400,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2021

2021

US$ 170mm

• Deutsche Investitions- und Entwicklungsgesellschaft (DEG)/Proparco/FMO
• Amount: USD 170,000,000
• Tenor: 12
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2021

2021

US$ 100mm

• Export-Import Bank of India
• Amount: USD 100,000
• Tenor: 9
• Use of Proceeds: To develop the critical infrastructure required to rebuild Africa’s economies, post-COVID 19
• Signed: 2021

2021

US $100mm

• KfW IPEX-Bank GmbH
• Amount: USD 100 million
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2021

2020

US$250mm

• United States International DFC Tier-2 capital loan
• Amount: USD 250 million
• Tenor: 15 years
• Use of Proceeds: Enhance investment capacity
• Signed: 2020

2020

USD $50mm

• OPEC Fund for International Development
• Amount: USD 50,000,000
• Tenor: 10
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2020

2019

US$140mm

• Kimchi Syndicated Term Loan Facility
• Amount: US$140mm
• Tenor: 3 years
• Use of Proceeds: General corporate purpose
• Signed: 2019

2019

USD $140mm

• Kimchi Loan Facility
• Amount: USD 140,000,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2019

2019

US$233mm and JPY1.0bn

• Samurai Term Loan Facility
• Amount: US$233mm & JPY1.0bn
• Tenor: 3 years
• Use of Proceeds: General corporate purposes
• Signed: 2019

2019

USD $233mm/ ¥1bn

• Samurai Loan Facility
• Amount: USD 233,000,000/ ¥1,000,000,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2019

2018

USD $300mm

• International Club Loan Facility
• Amount: USD 300,000,000
• Tenor: 3
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2018

2018

USD $300mm

• China Export Import Bank
• Amount: USD 300,000,000
• Tenor: 5
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2018

2018

USD $19.5mm

• Overseas Private Investment Corporation
• Amount: USD 19,500,000
• Tenor: 7
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2018

2018

USD $100mm

• Agence Francaise de Developpement
• Amount: USD 100,000,000
• Tenor: 19
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2018

2018

USD $30mm

• Oesterreichische Entwicklungsbank AG(OeEB)
• Amount: USD 30,000,000
• Tenor: 4
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2018

2017

USD $10mm

• Islamic Development Bank
• Amount: USD 10,000,000
• Tenor: 5
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2017

2016

USD $50mm

• Kfw Development Bank
• Amount: 50,000,000
• Tenor: 15
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2016

2016

US$190mm

• Syndicated Term Loan Facility
• Amount: US$190mm
• Tenor: 2 years
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2016

2016

USD $100mm

• Kfw Development Bank
• Amount: 100,000,000
• Tenor: 15
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2016

2013

USD $250mm

• Proparco
• Amount: USD 250,000,000
• Tenor: 10
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2013

2013

USD $32mm

• Proparco
• Amount: USD 32,000,000
• Tenor: 10
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2013

2012

USD 115.75mm

• Africa Development Bank
• Amount: 115,750,000
• Tenor: 10
• Use of Proceeds: Enhancement of investment capacity
• Signed: 2012

Loan Bonds

September 2020

CHF150mm

• 1.205% Fixed Rate Notes due 2025
• Size: CHF150mm
• Coupon: 1.205% s.a.
• Maturity: 30-Sep-25
• Pricing Date: 21-Sep-20
• Reoffer Yield: 1.205%
• Issue format: Reg S only

January 2020

US$700mm

• 3.125% Fixed Rate Notes due 2025
• Size: US$700mm
• Coupon: 3.125% s.a.
• Maturity: 16-Jun-25
• Pricing Date: 12-Jun-20
• Reoffer Price / Yield: 99.427%/ 3.25%
• Issue format: Reg S only

November 2019

CHF200mm

• 0.5225% Fixed Rate Notes due 2023
• Size: CHF200mm
• Coupon: 0.5225% p.a
• Maturity: 20-Dec-23
• Pricing Date: 19-Nov-19
• Reoffer Price / Yield: 100% / 0.5225%
• Issue format: Reg S only

October 2019

US$500mm

• 3.75% Fixed Rate Notes due 2029
• Size: US$500mm
• Coupon: 3.75% s.a.
• Maturity: 30-Oct-29
• Pricing Date: 23-Oct-19
• Reoffer Price / Yield: 98.808%/ 3.895%
• Issue format: Reg S only

April 2019

US$650mm

• 4.375% Fixed Rate Notes due 2026
• Size: US$650mm
• Coupon: 4.375% p.a.
• Maturity: 17-Apr-26
• Pricing Date: 10-Apr-19
• Reoffer Price / Yield: 99.257% / 4.500%
• Issue format: 144A/Reg S

April 2017

US$500mm

• 3.875% Fixed Rate Notes due 2024
• Size: US$500mm
• Coupon: 3.875% p.a.
• Maturity: 13-Apr-24
• Pricing Date: 06-Apr-17
• Reoffer Price / Yield: 99.243% / 4.000%
• Issue format: 144A/Reg S

January 2017

US$150mm

• 6m$L+200bps Private, Reg S Notes due 2020
• Size: US$150mm
• Coupon: n.a.
• Maturity: 24-Jan-20
• Pricing Date: 24-Jan-17
• Reoffer Price / Yield: 100% / 6m$L+200bps (s.a.)
• Issue format: Private, Reg S

Loan, Bonds

Loan