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October 07, 2015 4:54 PM ET

Diversified Financial Services

Company Overview of Africa Finance Corporation

Company Overview

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

73 Employees


234 1 279 9600

Key Executives for Africa Finance Corporation

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Risk Officer and Senior Vice President
Chief Investment Officer and Executive Director
Chief Legal Officer and Executive Director
Age: 52
Compensation as of Fiscal Year 2015.

Africa Finance Corporation Key Developments

Africa Finance Corporation Presents at FT Africa Summit 2015, Oct-05-2015 12:15 PM

Africa Finance Corporation Presents at FT Africa Summit 2015, Oct-05-2015 12:15 PM. Venue: London, United Kingdom. Speakers: Andrew Folorunso A. Alli, Chief Executive Officer, President and Director.

Africa Finance Corporation Receives USD 50 Million from the Islamic Development Bank for Project Financing

Africa Finance Corporation announced its acceptance of a USD 50 million 15 year line of financing, with a 13 year six month repayment period, from the Islamic Development Bank (IDB). The funds will be used to finance projects located across the numerous African IDB member countries. The projects will be structured in a way that is compliant with Islamic Finance, focusing particularly on infrastructural and agricultural projects that promote the economic and social development of the communities concerned.

Africa Finance Corporation Signs Agreement to Develop Singrobo Project, Côte d’Ivoire

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.

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