Diversified Financial Services
Company Overview of Africa Finance Corporation
Africa Finance Corporation operates as a multilateral development finance company in Africa. The company provides various financial products, including senior debt, equity, and hybrid investment products. It also advises clients on project financial structuring, debt and equity fundraising, and corporate restructuring; and invests equity or quasi-equity capital in various projects or companies in various sectors. In addition, the company offers trade finance services to finance trade transactions; trade facilities; project financing and project finance support services, as well as early stage development funds; structured products comprising trade and equipment finance; debt/equity syndicati...
3a Osborne Road
Founded in 2007
Key Executives for Africa Finance Corporation
Chief Executive Officer, President and Director
Chief Risk Officer and Senior Vice President
Chief Investment Officer and Executive Director
Chief Legal Officer and Executive Director
Compensation as of Fiscal Year 2015.
Africa Finance Corporation Key Developments
Africa Finance Corporation Signs Agreement to Develop Singrobo Project, Côte d’Ivoire
Jul 16 15
Development of the 44MW Singrobo hydroelectric power plant in Côte d'Ivoire has taken a major step forward following the signing of a joint development agreement between Africa Finance Corporation (AFC) and Ivoire Hydro Energy SA (IHE). Under the terms of the agreement, AFC has been appointed as a co-project developer and financier and will work with other developers to complete detailed technical studies, finalize the Power Purchase Agreement (PPA), participate in procuring the engineering, procurement and construction contractor, lead the processes for preparing project costs, and oversee the final environmental and social Impact assessment studies. Project development expenses will be jointly financed by AFC and FMO, the Dutch development bank, through the joint AFC-FMO Project Development Facility. This Facility will provide a project development equity investment of up to USD 3 million to the project, with AFC to invest a further USD 3 million to take the project to financial close. AFC and FMO will also have the option to acquire further equity in IHE. The project will have a 35-year take or pay PPA with Ci-Energies, Côte d'Ivoire's public utility company under the management of the Ministry of Energy and Petroleum Products. The generated power will be transmitted from a 11/225 KV switchyard to the 225KV Taabo-Abidjan transmission line, through a proposed 225 kV circa 4 km transmission line from Singrobo.
Africa Finance Corporation Presents at 6th Annual West Africa Trade & Export Finance Conference, Feb-04-2015 12:25 PM
Nov 25 14
Africa Finance Corporation Presents at 6th Annual West Africa Trade & Export Finance Conference, Feb-04-2015 12:25 PM. Venue: Eko Convention Centre, Plot 1415 Adetokunbo, Ademola Street, PMB 12724, Victoria Island, Lagos, Nigeria. Speakers: Batchi Baldeh, Senior Vice-President & Head, Power.
Africa Finance Corporation Secures $100 Million Long Term Loan Facility from J.P. Morgan and Overseas Private Investment Corporation
Oct 24 14
Africa Finance Corporation has secured a $100 million long term loan facility from J.P. Morgan and Overseas Private Investment Corporation.
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