Africa Finance Corporation

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