Solid Shareholding Structure
AFC has 27 shareholders, of which a large number are from the private sector. This unique and innovative structure has served our historic performance, with the support of, and collaboration from, regional and non-regional multilateral institutions, long-term investors, impact investors and academia, all with a primary interest in assisting Africa achieve its full industrial and economic potential.
Our strong credit rating A-3 (Long-term Issuer)/ P-2 (Short-term Issuer) rating from Moody’s Investor’s Services– is one of the highest for an African financial institution, which, coupled with a preferred creditor status conferred by member countries, makes AFC a well-positioned vehicle to channel investments in infrastructure as an asset class in Africa.
- Others: 0.17%
- Financial Institutions: 51.54%
- Multilateral Institutions: 3.09%
- Sovereigns: 45.2%
- The Central Bank of Nigeria provided the anchor capital
- Solidifies partnership with Member States
- Provides leverage for Member State communications
African Financial Institutions
- Provides solid capital structure
- Promotes collaboration and resource leverage
- Strengthens local support and partnership
- Ensures proximity to projects/transaction flows
Multilateral and Regional Institutions
- Drives strategic partnerships
- Deepens regional corporation
- Establishes complementary capabilities
|Central Bank of Nigeria||42.39%|
|United Bank for Africa Plc||10.8%|
|Access Bank Plc||9.61%|
|First Bank of Nigeria Limited||8.65%|
|Zenith Bank Plc||8.64%|
|Union Bank of Nigeria Plc||4.32%|
|Ecobank Nigeria Limited||4.32%|
|African Development Bank (AfDB)||2.54%|
|Caisse des Depots et Consignations du Gabon (“CDC Gabon”)||2.27%|
|Coronation Trustees Limited||1.93%|
|Ghana Infrastructure Investment Fund (GIIF)||0.354%|
|Arab Bank for Economic Development in Africa (BADEA)||0.46%|
With total equity of USD1.38bn, AFC operates a strong dollar denominated balance sheet and mainly provides financing in this currency
AFC has sought to address the wider infrastructure divide by originating, structuring and executing projects in the African power sector….
The DFI community, including the AFC, continues to play the important facilitation role by becoming more and more involved in projects….
As a continent endowed in natural and mineral resources, Africa has the capacity for sustainable growth in industrial output….
Expanding connectivity and energy efficient equipment are predicted to be the main drivers of investment and deal activity in Sub Saharan Africa….
AFC acts as an adviser and financier to a number of leading sponsors seeking to undertake important transactions in the mining and oil and gas industries and associated infrastructure….