Recent events
Recent events tied to this brand in public sources.
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2026
Heirs Energies acquires Maurel & Prom's 20.07% stake in Seplat Energy for $500m
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.
2026
AFC Capital Partners launches US$750m Infrastructure Climate-Resilient Fund Nigeria
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.
2026
AFC Capital Partners launches $150m Infrastructure Climate-Resilient Fund in Nigeria
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.
2021
Lucara secured financing for the Karowe underground expansion
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.
2021
Africa Finance Corporation secures $250 million loan from DFC
Africa Finance Corporation announced that it had secured a $250 million tier-2 capital loan from the United States’ International Development Finance Corporation.
2019
AFC and Brahms Oil Refineries enter joint development agreement for Guinea refinery project
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.