AFC’s A+ Credit Rating Reaffirmed by Japan Credit Rating Agency, Strengthening Access to Asian Capital Markets

Tokyo, 22 July 2026 - Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has secured reaffirmation of its long-term Issuer credit rating of A+ with a stable outlook by Japan Credit Rating Agency, Ltd (JCR), underscoring the Corporation's strong financial fundamentals, prudent risk management and consistent execution of its strategic mandate. The reaffirmed rating further strengthens AFC's position with Japanese and broader Asian institutional investors, supporting the Corporation's continued diversification of funding sources and long-term access to international capital markets.

“Leveraging its credibility as an international organization and its deep understanding of the region and projects, AFC operates as a distinctive MDB that seeks to strengthen its capital base through periodic share issuances and by retaining a substantial portion of earnings generated from its investments and loans to infrastructure projects,” JCR stated in its report. “The rating reflects the strong support from the AFC’s member states and shareholders, the benefit of its Preferred Creditor Status (PCS), a conservative financial policy, and an adequate capital base supported by strong profitability.”

For the full credit report from Japan Credit Rating Agency on AFC, click here for English and here for Japanese.

About AFC

AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.

Media Enquiries:

Yewande Thorpe

Communications

Africa Finance Corporation

Mobile : +234 1 279 9654

Email : yewande.thorpe@africafc.org