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Africa Finance Corporation

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Africa Finance Corporation is a Nigeria-headquartered financial institution that finances and invests in infrastructure and industrial projects across Africa.

Last updated August 26, 2026

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Nov 4, 2026
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Nov 4, 2026

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Overview

Africa Finance Corporation (AFC) is a pan-African financial institution headquartered in Lagos, Nigeria. Established in 2007, it focuses on financing and investing in infrastructure and real-economy projects across Africa. Its areas of activity generally include energy, transport, natural resources, industry and telecommunications, serving governments and public-sector entities, companies and project sponsors. AFC is not a consumer-facing retail bank; its role is primarily conducted through debt financing, equity investment, project development and financial advisory services for large-scale projects. The available information supports this general characterization, but no verified source was supplied for its complete ownership structure, current financial scale or detailed project portfolio.

History

Africa Finance Corporation was established in 2007 and is headquartered in Lagos, Nigeria. It was created as a financial institution focused on supporting African economic development. Its activities center on infrastructure and industrial projects, using loans, other debt arrangements, equity investments, project development and advisory services to support project sponsors and public-sector institutions. Its stated areas of focus include energy, transport, natural resources, industry and telecommunications. Because no verifiable official or news sources were supplied, further details concerning its founding arrangements, membership or ownership changes, major projects, capital scale and later strategic developments are not expanded here.

  • 2007

    Establishment of Africa Finance Corporation

    Africa Finance Corporation was established, positioned as a Pan-African financial institution serving Africa's infrastructure and industrial development.

Products and positioning

Pan-African financial institution for infrastructure and industrial projects

  • Financial services

    Project finance

    Structured financing for energy, transport, industrial and other infrastructure projects, primarily serving project sponsors, companies and public-sector entities rather than individual consumers.

  • Financial services

    Debt financing

    Loans and other debt arrangements supporting large African projects and corporate financing needs, with an emphasis on long-term capital for infrastructure and industry.

  • Investment services

    Equity investment

    Equity and equity-like investments in strategically important African infrastructure and industrial projects, complementing debt financing and supporting project development.

Recent events

  • Unconfirmed

    Heirs Energies acquires Maurel & Prom's 20.07% stake in Seplat Energy for $500m[1]

    Heirs Energies acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc at GBP3.05 per share, valuing the transaction at approximately $500 million. The deal was supported by Afreximbank and the Africa Finance Corporation.

  • Unconfirmed

    Reported

    AFC Capital Partners launches US$750m Infrastructure Climate-Resilient Fund Nigeria[2]

    AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), launched the US$750 million Infrastructure Climate-Resilient Fund (ICRF) Nigeria, a closed-end fund registered with the Securities and Exchange Commission, aimed at mobilising domestic institutional capital for climate-resilient infrastructure projects across Nigeria and Africa. The fund has attracted commitments including a US$253 million first-loss commitment from the Green Climate Fund, and ACP expects it to mobilise up to US$3.7 billion in total financing across 10 to 12 infrastructure projects.

  • Reported

    AFC Capital Partners launches $150m Infrastructure Climate-Resilient Fund in Nigeria[3]

    AFC Capital Partners, the asset management subsidiary of Africa Finance Corporation, launched its $150m Infrastructure Climate-Resilient Fund in Nigeria after receiving regulatory approval from the Securities and Exchange Commission, with a signing ceremony held in Lagos on Monday. The fund is part of a larger $750m pan-African climate initiative and targets institutional investors such as pension fund administrators, insurance firms and sovereign wealth funds.

    Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.

  • Unconfirmed

    Reported

    Lucara secured financing for the Karowe underground expansion[4]

    Lucara secured commitments for US$220 million in senior debt facilities, comprising a US$170 million project finance facility for the underground project and a US$50 million working capital facility. The financing, together with equity financings and projected cash flows, fully funds the Karowe Underground Expansion Project.

  • Unconfirmed

    Africa Finance Corporation secures $250 million loan from DFC[5]

    Africa Finance Corporation announced that it had secured a $250 million tier-2 capital loan from the United States’ International Development Finance Corporation.

  • Unconfirmed

    Reported

    AFC and Brahms Oil Refineries enter joint development agreement for Guinea refinery project[6]

    Africa Finance Corporation entered into a joint development agreement with Brahms Oil Refineries to develop and finance a petroleum storage and refinery project in Kamsar, Guinea. AFC said it would invest in project development workstreams intended to help the project reach financial close in 2020.

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