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Op-Ed By Samaila Zubairu, President and CEO, Africa Finance Corporation (AFC) Africa has decided to build its future now, not later—moving from potential to prosperity. Across the continent, governments are acting with greater clarity and intent to develop the infrastructure systems that will underpin industrialisation, trade, and long-term resilience. What is unfolding is not isolated progress. […]
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By Samaila Zubairu: President and Chief Executive Officer of the Africa Finance Corporation (AFC) “The railroad in America was the first great economic revolution,” wrote the historian Henry Adams, describing how rail opened up new industries and vast resources. Today, Africa is at the precipice of a similarly seismic transformation, with rail projects such as the Lobito Corridor poised […]
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Turk Eximbank’s investment in AFC is its first in an African entity and aligns with Türkiye’s strategic vision of fostering resilient and sustainable growth in Africa, as outlined in the government’s Africa Partnership Policy Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf […]
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The collaboration aligns AFC, with a track record of generating competitive returns on over US$12.7 billion of investments in transformational infrastructure projects across 36 African countries Africa Finance Corporation (www.AfricAFC.org), the continent’s leading infrastructure solutions provider, and CPF Financial Services (CPF), a leading provider of innovative financial solutions in Kenya, today announced an agreement to […]
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AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking Africa Finance Corporation (AFC) (https://www.AfricaFC.org/), the leading infrastructure solutions provider on the continent, today announced its investment in Mahathi Infra Uganda Limited, one of East Africa’s […]
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The Corporation’s investment in the Sangomar oil field will be used to drive the first phase of development towards achieving first oil, a key milestone in the advancement of the country’s hydrocarbons sector Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund […]
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The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to energy across the African continent The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) (www.AfricaFC.org) have signed a US$50 million loan agreement to finance the development of infrastructure critical to […]
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Challenges around development and finance mean that only a fraction of over US$700 billion of potential Nigerian mining projects receives the necessary funding, according to SMDF Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent’s leading infrastructure solutions provider, and the Solid Minerals Development Fund (SMDF) are partnering to deploy project development funding and technical advisory to […]
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During the U.S.-Africa Leaders Summit, an event titled “Innovating Finance for Climate Change” provided some of the most insightful discussions. The event involved a highly curated group, across a wide range of disciplines, all of whom are critical to finding creative solutions to closing the gap in Africa’s need for funding for its vast demand […]
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Sponsored by Bank of America and Africa Finance Corporation in collaboration with Africa.com Africa.com, Bank of America and Africa Finance Corporation (AFC) are convening a high-level curated event to discuss innovating finance for climate change in Washington D.C. on December 15, during the U.S.- Africa Leaders Summit. The event will bring together a focus group […]
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