Portfolio dashboard

Your at-a-glance guide to our current and recent investment activity

Filter by project

Name of Project Country Sector Sub Sector Type Approved Amount (US$) Amount Disbursed (US$) Start Date
Airtel Networks Limited Nigeria Heavy Industry Telecoms Debt 25,000,000 25-Jan-21
Aker Energy Ghana Natural Resources Oil & Gas Bond 200000000 100,000,000 11-Jul-19
Alufer Mining Guinea Natural Resources Mining Debt 5,235,400 4,252,100 11-Mar-21
ASCENA Senegal Transport Air Transprot Project Finance 130,000,000 130,000,000 18-Mar-20
Arise Mauritana Mauritana Transport Ports & Logistics Project Finance 160,000,000 131,000,000 6-Dec-19
Arise SEZ Mauritania Transport Ports & Logistics Project Finance 150000 000 2020
Atlantic Terminal Services Accra Ghana Transport Logistics Ports & Logistics Project Finance 59000 000 2020
BUA Industries Limited Nigeria Heavy Industry FMCG Debt 200000 000 2021
Carbon Holdings Limited Egypt Heavy Industry Petrochemicals Project Finance 25000 000 2017
CDC Gabon Gabon Transport Logistics Ports & Logistics Project Finance 160000 000 2020
Cenpower Holdings Limited Ghana Power Thermal Project Finance 8079 075 2020
Conex Petroleum Limited Liberia Transport Logistics Project Finance 16000 000 2018
Dangote Industries Nigeria Heavy Industry Petrochemicals Project Finance 300000 000 2019
Dynamic Mining Guinea Natural Resources Mining Debt 34778 260 2020
Eastern Hydrocarbon Funding Limited Nigeria Natural Resources Oil & Gas Project Finance 15000 000 2019
ETG Medium Term Loan Nigeria, Mozambique and Malawi Agri-Business Fertiliser Trade Finance 30000 000 2018
Glencore/SHP Chad Chad Natural Resources Oil & Gas Trade Finance 100000 000 2017
Government of Cote D'Ivoire I Cote D'Ivoire Product Solutions Soveriegn Trade Finance 50000 000 2020
Government of Cote D'Ivoire II Cote D'Ivoire Product Solutions Soveriegn Trade Finance 150000 000 2021
Hakan Rwanda Power Peat Project Finance 110000 000 2017
JPM/PPMC Nigeria Natural Resources Oil & Gas Project Finance 9196 400 2016
Kekeli Efficient Power Togo Power Thermal Project Finance 21419 307 2020
Lucara Botswana Natural Resources Mining Project Finance 11000 000 2021
Maamba Collieries Limited Zambia Power Coal Project Finance 55000 000 2016
Mega Drill Nigeria Natural Resources Oil & Gas Project Finance 65000 000 2018
Meridian Southern African Countries Heavy Industry Fertiliser Trade Finance 30000 000 2019
Ministry of Finance & Planning Tanzania Tanzania Power Sovereign Trade Finance 85000 000 2019
MTN Nigeria Nigeria Heavy Industry Telecoms Project Finance 80000 000 2020
Nachtigal Cameroun Power Hydro Project Finance 50000 000 2019
Neconde Nigeria Natural Resources Oil & Gas Project Finance 100000 000 2019
OML 29 - AITEO Nigeria Natural Resources Oil & Gas Project Finance 125000 000 2014
Petrobras Oil & Gas B.V Nigeria Natural Resources Oil & Gas Project Finance 70000 000 2019
PPC Barnett Democratic Republic of Congo Heavy Industry Cement Project Finance 40000 000 2015
Singrobo IHE Cote d’Ivoire Power Hydro Project Finance 149634 000 2018
Société Ivoirienne de Raffinage (SIR) Cote d’Ivoire Heavy Industry Petrochemicals Trade Finance 192000 000 2018
SNPC Republic of Congo Natural Resources Oil & Gas Project Finance 50000 000 2015
SOCOPRIM (Henri Konan Bédié Bridge / Marcory Bridge) Cote d’Ivoire Transport Road Transport Project Finance 55000 000 2014
Sonangol Finance Limited Angola Natural Resources Oil & Gas Project Finance 45000 000 2020
Svenska Petroleum Exploration Cote d’Ivoire Natural Resources Oil & Gas Project Finance 20000 000 2018
Topic SA Tunisia Natural Resources Oil & Gas Project Finance 37157 703 2017
The Republic of Kenya Kenya Transport Sovereign Project Finance 75000 000 2019
Trans-Niger Oil & Gas Nigeria Natural Resources Oil & Gas Project Finance 50000 000 2021
Vitol/Sonara Cameroun Heavy Industry Petrochemicals Project Finance 90000 000 2018
Waltersmith Nigeria Heavy Industry Petrochemicals Project Finance 32500 000 2021
Western Hydrocarbon Funding Limited Nigeria Natural Resources Oil & Gas Project Finance 15000 000 2019
Total Debt 3481000 145
Name of Project Country Sector Sub Sector Type Approved Amount (US$)
Alufer Mining Guinea Natural Resources Mining Equity 9800 000
Arise Special Economic Zone Gabon Transport Ports & Logisitcs Equity 180499 340
Arise Ports and Logistics U.K. Limited (ARISE P&L) Gabon Transport Logistics Ports & Logisitcs Equity 137536 385
Arise Infrastructure Services (ARISE IS) Gabon Transport Logistics Ports & Logisitcs Project Finance 37365 038
Arise Mauritania Mauritania Transport Logistics Ports & Logisitcs Project Finance 1548 761
Atlantic Terminal Services Accra Ghana Transport Logistics Ports & Logisitcs Project Finance 17500 000
Bakwena Toll Road South Africa Transport Road Transport Equity 90000 000
Cabeolica Cape Verde Power Wind Equity 33544 699
Cenpower Holdings Limited Ghana Power Thermal Equity 58639 441
Danakali Limited Eritrea Natural Resources Mining Equity 50000 000
Djibouti Wind Djibouti Power Wind Equity 6473 394
Dynamic Mining Guinea Natural Resources Mining P.D Equity 10000 000
Main One West Africa Heavy Industry Telecoms Equity 37000 000
Nouvelle Gabon Mining SA Gabon Natural Resources Mining Equity 244000 000
N3TC - SAIF South Africa Transport Road Transport Equity 269 587
Paragon Mining Natural Resources Mining Equity 1800 000
Singrobo IHE Cote d’Ivoire Power Hydro Equity 24400 000
SATC - SAIF South Africa Transport Road Transport Equity 78314 548
SOCOPRIM (Henri Konan Bédié Bridge / Marcory Bridge) Cote d’Ivoire Transport Road Transport Equity 8200 000
Societe de Raffinance Guineenne Guinea Heavy Industry Petrochemicals P.D Equity 3000 000
Thor Explorations Limited Nigeria Natural Resources Oil & Gas Equity 21000 000
TRAC - SAIF South Africa Transport Road Transport Equity 4340 667
Vigeo Power Nigeria Power Thermal Equity 7800 000
Yara Africa - - - Equity 2000 000
CAPIC South Africa Real Estate Fund Real Estate Written Off 15000 000
Ncondezi Mozambique Power Thermal Written Off 5000 000
Notore Nigeria Heavy Industry Petrochemicals Equity 39000 000
Phanes Energy Holdings Nigeria Power Thermal P.D Equity 1200 000
Seven Energy Nigeria Natural Resources Oil & Gas Written Off 30900 000
1156131 859
Name of Project Country Sector Sub Sector Type Approved Amount (US$)
Alufer Mining Guinea Natural Resources Mining SHL 25200 000
Atlantic Terminal Services Accra Ghana Transport Logistics Ports & Logistics SHL 52000 000
Arise Ports and Logistics U.K. Limited (ARISE P&L) Gabon Transport Logistics Ports & Logisitcs SHL 6000 000
Arise Mauritius Mauritius Transport Logistics Ports & Logisitcs SHL 6827 586
Cabeolica Cape Verde Power Wind SHL 11106 942
Cenpower Ghana Power Thermal SHL 69206 259
Djibouti Wind Djibouti Power Wind SHL 55949 803
Main One West Africa Heavy Industry Telecoms SHL 24000 000
Vigeo Power Nigeria Power Thermal SHL 18200 000
Ncondezi Mozambique Power Thermal Written Off 900 000
Debt, Equity and Equity-Linked Debt Holdings Total 269390 591

Footprint

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$10bn 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-five (35) 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

$9.5bn disbursed to projects across 35 countries

  • Morocco
  • Mauritania
  • Senegal
  • Cape Verde
  • Guinea
  • Liberia
  • Côte d'Ivoire
  • Ghana
  • Gabon
  • Cameroon
  • Republic of Congo
  • Angola
  • Zimbabwe
  • Botswana
  • Namibia
  • South Africa
  • Mozambique
  • Mauritius
  • Zambia
  • Malawi
  • Tanzania
  • Rwanda
  • Kenya
  • Uganda
  • Ethiopia
  • Djibouti
  • Eritrea
  • Chad
  • Egypt
  • Democratic Republic of the Congo
  • Tunisia
  • Nigeria
  • Burkina Faso
Map sh V3

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

33 African Member States and 3 Multilateral Organisations Member

33 Member Countries

  • Nigeria (Host Country)
  • Benin
  • Burkina Faso
  • Cape Verde
  • Chad
  • Congo
  • Brazzaville Côte d’Ivoire
  • Djibouti
  • DR Congo
  • Eritrea
  • Egypt
  • Gabon
  • Ghana
  • Guinea Bissau
  • Guinea Conakry
  • Kenya
  • Liberia
  • Madagascar
  • Malawi
  • Mali
  • Mauritius
  • Morocco
  • Namibia
  • Niger
  • Rwanda
  • Senegal
  • Sierra Leone
  • The Gambia
  • Togo
  • Uganda
  • Zambia
  • Zimbabwe
  • Tunisia
  • Mauritania
Member countries V4
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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