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An investment grade rated multilateral finance institution established to help address Africa’s infrastructure needs and challenges.

Overview:

  • Founded in 2007 as a joint venture between public and private investors
  • International organization established by treaty
  • US$10.3bn in total disbursement; US$8.56bn in Total Assets; Total Equity of US$2.24bn including paid-in capital of US$1.1bn*
  • Investment footprint across thirty-six (36) African countries
  • A-3 (Long-term Issuer)/ P-2 (Short-term Issuer) rating from Moodys
  • Record of identifying, executing and delivering transformational infrastructure projects
  • Specialist knowledge in key priority sectors: Natural Resources, Power, Transport & Logistics, Telecommunications and Heavy Industry
  • Financial Advisory together with treasury and syndication services provide holistic support to a transaction cycle
  • Synergies with a unique network of global and regional investments and advisory partners which include lenders, project sponsors, co-investors and consultants
  • Strong partnerships with government and a strong infrastructure focused sovereign lending business
  • Over 150 professional staff operating on a Pan African basis
  • Strong project development expertise; Founder of Africa Infrastructure Development Association (AFIDA)
  • Specialist knowledge in deploying products across the capital structure

$10.3bn disbursed to projects across 36 countries

  • Nigeria (Host Country)
  • Angola
  • Benin
  • Botswana
  • Burundi
  • Cameroon
  • Cape Verde
  • Chad
  • Côte d'Ivoire
  • Democratic Republic of Congo
  • Djibouti
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Kenya
  • Liberia
  • Malawi
  • Mauritania
  • Mauritius
  • Morocco
  • Mozambique
  • Namibia
  • Republic of Congo
  • Rwanda
  • Senegal
  • Sierra Leone
  • South Africa
  • Tanzania
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
Investment map V4 2

AFC is an international institution established by treaty between independent sovereign states.

37 African Member States and 3 Multilateral Organisations Member

37 Member Countries

  • Nigeria (Host Country)
  • Angola
  • Benin
  • Burkina Faso
  • Cameroon
  • Cape Verde
  • Chad
  • Côte d’Ivoire
  • Democratic Republic of Congo
  • Djibouti
  • Egypt
  • Eritrea
  • Gabon
  • Ghana
  • Guinea Bissau
  • Guinea Conakry
  • Kenya
  • Liberia
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Mauritius
  • Morocco
  • Namibia
  • Niger
  • Republic of Congo
  • Rwanda
  • Senegal
  • Sierra Leone
  • South Sudan
  • The Gambia
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
Members map V5 1
10794 AFC WEBSITE Head Shots WEBSITE 380x500px 0025 Taiwo Adeniji
Contact

Taiwo Adeniji – Senior Director, Portfolio Management & Optimization

Taiwo Adeniji is currently Senior Director, Investment Operations & Execution at AFC with responsibility, among other things, for the institution’s investments in oil & gas, and mining projects.

Our history

2021

  • AFC issues US$750 million 7-year Eurobond at a yield of 2.99%
  • AFC announces Sameh Shenouda as Executive Director & Chief Investment Officer
  • OPEC Fund for International Development provides AFC with US$50 million loan to support post-Covid 19 Africa
  • AFC receives US$100 million loan from India Exim Bank to spur post-Covid recovery
  • Guinea & Togo become shareholders in AFC
  • AFC creates asset management division, AFC Capital and announces its Infrastructure Climate Resilient Fund. Ayaan Zeinab Adam announced as CEO of AFC Capital
  • AFC secures US$250 million capital loan from US Government’s International Development Finance Corporation / Completion of maiden US$250 million tier-2 capital injection from the US International Development Finance Corporation (DFC)
  • AFC reached 33 member countries up year to date in 2021 including Niger, Egypt, Burkina Faso, DRC & Morocco becomes member states
  • Image

2020

  • Net Income: US$156.6 million
  • Total Assets: US$7.36bn
  • Shareholders Equity grew to US$2.076bn on account of equity investments from CDC Gabon (the State pension fund of the Republic of Gabon) and the Arab Bank for Economic Development (BADEA)
  • The Central Bank of Nigeria (AFC's biggest shareholder) completed a maiden equity warrant subscription
  • AFC commits over N 500 million to Central Bank of Nigeria private sector coalition against Covid-19
  • AFC issues US$700 million 5-year Reg S Euro bond
  • Introduction of callable capital to the Corporation's capital structure
  • Addition of Republic of Congo and Mali as member countries

2019 - 2020

  • Madagascar, Mauritius, Mauritania, Namibia, Eritrea, Mali & Senegal become members and AfDB BADE and Gabon become shareholders
  • Secured US$150m Samurai, US$140m Kimchi term loan facilities
  • Issued CHF200m 4-year bond, US$500m Eurobond. US$ 650m Eurobond
  • Net Income: US$183.3m
  • Total Assets: US$6.1bn

2018

  • Zimbabwe, Malawi and Togo join as members
  • Africa Re became a sharehold
  • Net Income: US$128.6
  • Tatal Assets: LISS4 5hn

2017

  • Benin, Kenya & Zambia joined as member countries
  • Secured US$150m 15-year loan facility from KfW and issues a US$500m Eurobond
  • Issued US$150m maiden Sukuk
  • Net income: US$100.3m
  • Total Assets: US$4.2bn

2016

  • Djibouti joined as member country
  • Launched Africa Infrastructure Development Association
  • Net income: US$ 109.4m
  • Total Assets: US$3.4bn
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