Nigeria, Others Top Africa's $95bn Remittance Inflows
Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95bn remittance into the African continent in 2024.
This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation.
The report...
Africa Finance Corporation Concludes $140m Loan Facility
Africa Finance Corporation has announced the closing of its inaugural $140m Kimchi Term loan facility.
The AFC said in a statement that the facility was AFC’s first Korean-focused instrument, which followed the corporation’s $233m and ¥1bn dual currency Samurai...
AfDB Group Becomes AFC Shareholder After Investing $50m
The Africa Finance Corporation (AFC) yesterday announced that the African Development Bank Group (AfDB) has invested $50 million in the equity of the corporation.
AfDB’s investment in the AFC would enable both institutions to accelerate infrastructure development and...
AFC Pumps $250m Equity In InfraCredit
Infrastructure Credit Guarantee Company Limited (InfraCredit), has announced the successful closing of a $25 million equity investment from Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa.
In this primary transaction, AFC has become a shareholder in...
Refinery Project: AFC Grants Waltersmith $35m Facility
The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited, for a proposed 5,000 barrel per day (bpd) refinery project to be situated in Imo state.
The agreement, which...
