Africa Finance Corporation FY2025 Results Showcase Landmark Project Closings and Investment Expansion

Lagos, Nigeria, 14 May 2026 - Africa Finance Corporation, the continent's leading infrastructure solutions provider, reported upscaled investment across African infrastructure in its annual report. Reflecting its integrated approach to delivering transformative systems across the continent, AFC's results underscore its continued commitment to financing and developing the infrastructure essential to African industrialisation.

Robust financial results reinforce AFC’s ability to crowd in global investors, creating a multiplier effect that scales funding for critical infrastructure and industrialisation projects. In 2025, these included the partial exit of AFC’s stake in ARISE Integrated Industrial Platforms as part of a US$700 million capital raise — one of the largest private infrastructure capital raises in Africa to date. The transaction brought in Saudi infrastructure investor, Vision Invest, as the platform’s newest shareholder, marking its first direct investment in Africa.

AFC also led and structured the US$330 million senior debt financing for the Baomahun Gold Project in Sierra Leone, co-arranged with Afreximbank and Trafigura Group, bringing total DFI investment in the project to US$430 million in one of the most significant project financing deals in the country’s history. AFC’s Financial Advisory Services business closed approximately US$4 billion in transactions during the year, including the US$2 billion Kano-Maradi Railway, the Corporation’s largest-ever greenfield financial close.

AFC further strengthened its capital base through a series of landmark funding initiatives, including a US$1.5 billion syndicated loan — the largest in the Corporation’s history — and the inaugural issue of a US$500 million perpetual hybrid bond, which was more than twice oversubscribed. AFC also re-guaranteed the Republic of Angola’s inaugural JPY 40 billion Samurai bond, enabling the government’s first entry into the Japanese capital markets.

The year brought further momentum in equity mobilisation and institutional expansion. AFC raised US$330.6 million in new capital, including 81% from existing shareholders. Four new member states — Comoros, Somalia, the Central African Republic and Equatorial Guinea — joined the Corporation, bringing total membership to 48 countries and extending coverage to 89% of the continent.

AFC’s credit profile strengthened across international markets. S&P Global assigned the Corporation an A/A-1 rating with a Positive Outlook — lifting AFC’s position in international capital markets and building on more than 12 years of investment-grade stability with Moody’s (A3), JCR (A+), S&P Global China (AAA) and China Chengxin International Credit Rating (AAA).

AFC President & CEO Samaila Zubairu said: “Our results send a clear message that strategic investment in African infrastructure creates lasting value for both beneficiaries and investors. In 2025, we closed our largest-ever debt facility, earned an S&P rating upgrade, and delivered game-changing projects — reinforcing the scalability of a model that blends purpose with performance to accelerate Africa’s economic transformation. This year’s theme, The Africa We Build, is not an aspiration. It is a description of what AFC does, transaction by transaction, project by project. The Africa we seek will not be given. It will be built.”

Supported by a more diversified revenue base, improved asset yields, and sustained momentum in advisory mandates, AFC’s total comprehensive income rose 28.4% to US$513.8 million in 2025. Total revenue increased to US$1.25 billion, after first crossing the US$1 billion mark in 2024.

Further significant financial highlights include:

  • Net profit up 12.9% to US$444.8 million (2024: US$393.9 million)
  • Fee and commission income at US$109 million, the highest in over 5 years
  • Operating income up 5.6% to US$749.2 million (2024: US$709.7 million)
  • Total assets up 33.5% to a record US$19.23 billion (2024: US$14.41 billion)
  • Total equity up 30.9% to US$5.07 billion (2024: US$3.87 billion)
  • Liquidity coverage ratio at 203% (2024: 194%)
  • Earnings per share up 6.2% to 26.88 cents (2024: 25.30 cents)

Read the full annual report here

About AFC

Africa Finance Corporation was established in 2007 to be the catalyst for private sector led infrastructure investment 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 needs and drive sustainable economic growth.

Eighteen 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.

www.africafc.org


Media Enquiries:

Yewande Thorpe

Communications

Africa Finance Corporation

Mobile: +234 1 279 9654

Email: yewande.thorpe@africafc.org

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