Africa Finance Corporation – InfoStride News

Africa Finance Corporation and Banque Centrale Populaire sign MoU to enhance Investments and Financing Cooperation

Ade Adewale — Mon, 05 Dec 2016 22:22:01 +0000

Agreement will increase collaboration on investments and financing… Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has this week signed a MoU with Moroccan bank Banque Centrale Populaire (BCP) to increase collaboration on financing vital infrastructure projects in North and Sub-Saharan Africa. A delegation from BCP, headed by Chairman [...]

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KfW Development Bank Offers US$150m Loan Facility To AFC

Wale Adebayo — Thu, 23 Jun 2016 18:44:38 +0000

On June 22, Africa Finance Corporation (AFC) announced in Lagos, Nigeria its acceptance of a US$150 million 15 year loan facility from KfW [Development Bank] (KfW). The loan agreement was signed today in London by Andrew Alli, CEO of AFC, and Jan Martin Witte, Head of Division for Infrastructure, of KfW. The funds will be [...]

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Africa Finance Corporation appoints new Independent Director

Ade Adewale — Tue, 26 Apr 2016 17:35:24 +0000

Africa Finance Corporation (AFC) has announced the appointment of Grant T. Harris as an independent Director. This was contained in the press release of 26 April 2016 in Lagos, Nigeria. Mr. Harris joins AFC after serving four years at the U.S. National Security Council at the White House in Washington, D.C. As Special Assistant to President Obama and [...]

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AFC Launches Africa Project Developers Initiative

Ade Adewale — Thu, 21 Apr 2016 18:15:08 +0000

Africa Finance Corporation (AFC) alongside its development partners, is pleased to announce the launch of the Africa Project Developers Initiative (APDI). This announcement was made in LAGOS, Nigeria on 20 April 2016. APDI is a think tank and network to promote and enable project development in Africa. It creates a platform that fosters continuous dialogue amongst members, [...]

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Africa Finance Corporation invests up to US$ 140 million in Gabon’s Special Economic Zone

Ade Adewale — Fri, 08 Apr 2016 13:03:09 +0000

[LAGOS, April 8]: Africa Finance Corporation (AFC) is pleased to announce it is to invest up to US $140 million in the Gabon Special Economic Zone (GSEZ). The GSEZ was created in 2010 to accelerate Gabon’s economic diversification and development and is a joint venture vehicle between Olam International, a leading agricultural business, and the [...]

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AFC Defies 2015 Economic Headwinds with Total Assets Growth of 25%

Ade Adewale — Tue, 05 Apr 2016 13:24:03 +0000

Africa Finance Corporation (AFC) today announces its 2015 fiscal year results. Despite a difficult operating environment, AFC delivered strong underlying operating results, achieving 25% growth in its balance sheet, with total assets in excess of US$3.2 billion, net interest income increased by 39% to US$108.4 million with net interest margins growing to 4.4%, a 7% [...]

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