CBN To Set Up $39.4bn Infrastructure Development Company With NSIA, AFC     The Central Bank of Nigeria (CBN) has secured the Federal Government’s approval to set up a $39.4 billion (N15 trillion) infrastructure development company in collaboration with the Sovereign Wealth Fund, to invest in the...

The Africa Finance Corporation (AFC) has issued a $500 million seven-year Eurobond. The senior, unsecured Eurobond which carries a coupon of 3.875 per cent was priced to yield 4.000 per cent and matures in April 2024. The Eurobond received strong global interest, with an order...

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed,...