Africa Finance Corporation (AFC)
Company description
Africa Finance Corporation, a multilateral development finance institution, provides various financial services in Africa. It offers project financing services, such as debt, equity, and mezzanine financing, project development and management services, trade and equipment finance services, technical and financial advisory services, early-stage risk capital, corporate finance, and debt/equity syndication services, as well as structured products. The company serves power, transportation infrastructure, heavy industries, oil and gas, and telecom sectors.
Company details
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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February 20, 2024
PPA signed for 1 GW Solar project in the Democratic Republic of Congo
SkyPower together with the Société Nationale d’Electricité (SNEL) announced the signing of a landmark power purchase agreement (PPA) for a 1000 MW Green Giant sola...
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September 14, 2023
Construction completed for 60 MW Wind farm in Djibouti
Djibouti Government has Inaugurated a 60 MW Red Sea Power (RSP) wind farm near Lake Goubet.
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September 24, 2021
Africa Finance Corporation to launch Infrastructure Climate Resilient Fund (ICRF)
As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offer...
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February 27, 2020
AFC structure US$63m investment for 60 MW wind project in Lake Assal
The Pan-African financial institution Africa Finance Corporation (AFC) has structured US$63 million funding for the development and operation of the 60 MW wind farm near Lake Assal, north-western...
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January 28, 2019
AFC commits US$200 million to hydropower project in Côte d’Ivoire
Africa Finance Corporation (AFC) has announced the financial close of a bridge loan facility contracted by Ivoire Hydro Energy (IHE) for the construction of the 44 MW Singrobo-Ahouaty hydropower...
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December 16, 2016
Financing signed for Rwanda peat-to-power plant
A US$350 million deal has been signed to finance an 80 MW peat-to-power project in Rwanda which aims to increase access to electricity for the three quarters of the country’s population tha...
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June 28, 2016
AFC and Harith merge power business in Africa
Harith General Partners (Harith) and Africa Finance Corporation (AFC), two institutional investors based in Africa, have created a new energy entity combining both renewable and non-renewable power ge...
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February 23, 2016
AFC acquires stake in wind project in Cape Verde
Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa’s stake in the Cabeólica Wind Farm.
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October 06, 2014
Cenpower announces financial close of US$ 900 MM project financing of its Kpone IPP plant in Ghana
Cenpower Generation Company Limited, a Special Purpose Vehicle created to develop the Kpone Independent Power Plant (‘KIPP’) in the Tema industrial zone, close to Ghana’s capital, Accra, has announced...
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September 30, 2014
Sumitomo joins Ghana’s combined cycle power plant
Sumitomo Corporation will participate in the 340 MW Kpone combined cycle power plant, located about 25 kilometers from Accra, Ghana.The Sumitomo Corporation Group has announced that it has acquired 28...
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