Africa Finance Corporation

Africa Finance Corporation
Type	Private
Industry	Finance
Founded	2007
Headquarters	3a Osborne Road; Ikoyi, Lagos State, Nigeria
Key people	Dr. Kingsley Obiora (Chairman); Samaila Zubairu (President & CEO)
Products	Development Finance Institution
Total assets	US$6.6 billion (2019)
Owner	African governments ; African banks; Private equity funds; Insurance groups
Website	www.africafc.org

Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution which is established by sovereign African states with the main motive to provide remedies to Africa's infrastructure deficit and challenging operating environment.

History

Africa Finance Corporation (AFC) was commissioned on December, 2007 by the founding President and Chief Executive Mr Austine Ometoruwa, then Citibank Africa Investment Bank Head and by the founding Chairman Chukwuma Soludo.^[2]^[3]

Project

PowerEdit

Cen Power Kpone IPP in Ghana^[4]
Cabeolica Wind farm in Cape Verde^[5]
450MW IPP In Republic of Benin
350MW IPP in Ghana
300MW IPP in Mozambique
Technical Adviser to the Central Bank of Nigeria on its US$2 billion Power and Aviation Intervention *Fund (PAIF)^[6]

References

↑ "African Development Bank Group becomes a shareholder in Africa Finance Corporation". 14 November 2019. Archived from the original on 27 September 2020. Retrieved 10 October 2021.
↑ "Special Supplement: Africa Emerging Asset Class" (PDF). Archived from the original (PDF) on 2017-05-10. Retrieved 2021-10-10.
↑ "AFC to ink $100 million investment deal in Nigeria's mining sector". Nairametrics. 2018-11-02. Retrieved 2021-10-10.
↑ Dogbevi, Emmanuel (2015-01-28). "AFC funded $900m Kpone power plant to be unveiled this week". Ghana Business News. Retrieved 2021-10-10.
↑ "Energy investors merge to create pan-Africa power group". www.yahoo.com. Archived from the original on 2021-10-10. Retrieved 2021-10-10.
↑ http://www.ise.ie/debt_documents/Base%20Prospectus_7586a23f-d940-4623-99f0-9adf9256d0ad.PDF

[6.6B-1] "African Development Bank Group becomes a shareholder in Africa Finance Corporation". 14 November 2019. Archived from the original on 27 September 2020. Retrieved 10 October 2021.

[2] "Special Supplement: Africa Emerging Asset Class" (PDF). Archived from the original (PDF) on 2017-05-10. Retrieved 2021-10-10.

[3] "AFC to ink $100 million investment deal in Nigeria's mining sector". Nairametrics. 2018-11-02. Retrieved 2021-10-10.

[4] Dogbevi, Emmanuel (2015-01-28). "AFC funded $900m Kpone power plant to be unveiled this week". Ghana Business News. Retrieved 2021-10-10.

[5] "Energy investors merge to create pan-Africa power group". www.yahoo.com. Archived from the original on 2021-10-10. Retrieved 2021-10-10.

[6] ttp://www.ise.ie/debt_documents/Base%20Prospectus_7586a23f-d940-4623-99f0-9adf9256d0ad.PDF

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