AFRICA Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading instrumental infrastructure solutions provider, today announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors. She succeeds Mr. Emeka Emuwa who has completed 12 years of meritorious service to the Corporation. Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading … Read more
THE Africa Finance Corporation (AFC) and Itana, Nigeria’s first licensed digital economic zone management company, have partnered to develop Africa’s inaugural digital economic zone. This landmark project aims to create an environment where global and Pan-African technology, finance, and service-based businesses can operate seamlessly across Africa, thus unlocking the potential of the continent’s digital economy. AFC will … Read more
IN a major step forward for the Zambia Lobito Rail Project, the Africa Finance Corporation (AFC), a leading African infrastructure provider, has signed concession agreements with the governments of Angola and Zambia to finance, construct, own, and operate the transformational railway. The agreements were finalised during a ceremonial signing hosted by US Secretary of State Antony … Read more
NIGERIA is set to host Africa’s largest gas-to-methanol plant, a project aimed at significantly reducing carbon emissions and transforming natural gas into valuable chemicals for various industries, including solvents, paints, plastics, and car parts. The plant, located in Akwa Ibom, will produce 1.8 million tonnes of methanol per year in its initial phase, diversifying the … Read more
AFRICA Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the closing of a $150 million senior loan with Kamoa Copper. This loan will support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). Acting as both lender and arranger, AFC’s commitment aligns with its mission to enhance local … Read more
AFRICA Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading instrumental infrastructure solutions provider, has announced several strategic partnerships on the sidelines of the recently concluded 2024 Mining Indaba conference in Cape Town to boost Africa’s mining sector, ushering the continent into a new era of growth and prosperity. Since 2014, AFC has invested over US$1billion in … Read more
His Excellency Hakainde Hichilema, President of the Republic of Zambia, Amos Hochstein, Senior Advisor to President Biden, and Samaila Zubairu, President and CEO of the Africa Finance Corporation (AFC) (www.AfricaFC.org) convened the Partnership for Global Infrastructure and Investment (PGI) Lobito Corridor Private Sector Investor Forum in Lusaka today. This is the first PGI Investor Forum outside … Read more
AFRICA Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading provider of infrastructure financing solutions, is to provide a US$250 million Sharia-law compliant trade loan facility to the Government of Egypt in partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group. The proceeds from the loan will contribute to … Read more