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Africa Finance Corporation information


Africa Finance Corporation
Company typePrivate
IndustryFinance
Founded2007
Headquarters3a Osborne Road
Ikoyi, Lagos State, Nigeria
Key people
Emeka Emuwa (Chairman)
Samaila Zubairu (President & CEO)
ProductsDevelopment Finance Institution
Total assetsUS$10.5 billion (2022)[1]
OwnerAfrican governments
African banks
Private equity funds
Insurance groups
Websitewww.africafc.org

Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.[2][3][4]

AFC's investment remit is pan- African, focusing on investment across makes investments across five key sectors; Power, Transport and Logistics, Natural Resources, Telecommunications and Heavy industries.[5]

AFC is majority owned by private investors the bulk of which are African financial institutions, Private investors own 62% of the corporation. A further 38% is owned by the Central Bank of Nigeria. In addition to private investors owning shares, AFC’s allows African states (through their respective central banks, sovereign wealth funds, state pension funds or similar institutions) to be both shareholders and members of the corporation. As of December 2022, AFC has forty (40) member states. [6]

Africa Finance Corporation, to date, has invested over US$ 11.5 billion in infrastructure projects across Africa.[1]

  1. ^ a b "African Development Bank Group becomes a shareholder in Africa Finance Corporation". 14 November 2019. Archived from the original on 27 September 2020. Retrieved 8 April 2020.
  2. ^ "Africa Finance Corporation secures first global rating". 25 December 2020.
  3. ^ Famuyiwa, Damilare (2 November 2018). "AFC to ink $100 million investment deal in Nigeria's mining sector". Nairametrics. Retrieved 23 April 2019.
  4. ^ "Africa Finance Corporation | GOGLA". www.gogla.org. Archived from the original on 23 April 2019. Retrieved 23 April 2019.
  5. ^ "Africa Finance Corporation prices debut Eurobond | News | IJGlobal". ijglobal.com. Retrieved 23 April 2019.
  6. ^ "AFC - Investor and country relations with countries!".

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