News

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, today announces the successful closing of a 5-year US$100 million loan facility from the Korea Development Bank (KDB).

Lagos, 25 October 2022: Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully closed a US$389 million dual currency Samurai term loan facility, split into US$382 million and JPY ¥1 billion.

Prime Minister commits to work with AFC to quickly build critical infrastructure

With hopes for countering global warming pinned on progress at the upcoming COP27 UN Climate Change Conference in Egypt, a report from the Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, sets out the continent’s stance by balancing the need for emissions reduction with critical development imperatives.

The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia.

Nyanza Light Metals (“Nyanza”) has announced that Africa Finance Corporation (“AFC”), the leading infrastructure solutions provider on the African continent, has become a co-developer and early stage investor in its 80,000tpa titanium dioxide pigment (TiO2) plant in South Africa.

In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager, with over US$150 billion in assets under management, plans an inaugural investment in the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider.

AFC expands Angola investment to potential $1 billion across commodities, rail and power

Infinity, a leading renewable energy company, and AFC, Africa’s leading infrastructure solutions provider, are to acquire Lekela Power, in a deal that will make Infinity the largest renewable energy company on the continent.

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and the Islamic Corporation for the Development of the Private Sector (ICD), a multilateral development financial institution (part of the Islamic Development Bank (IsDB) Group), today announced their intention to collaborate on financing eligible transactions in the common member countries of AFC and ICD.