AFC, Itana partner to develop Africa's first digital economic zone
AFC will provide project development funds and plans to lead the financing of phase one of the Itana project, which is budgeted at $100 million.
2:00
World Bank proposes Equatorial Guinea's digital economy map
The institution notes that digital transformation could be an important catalyst to diversifying Equatorial Guinea's economy in the next few years.
1:40
Africa to tap into China’s tech expertise to drive industrialisation
The African Development Bank is urging African countries to cooperate with China, whose involvement in renewable energy projects has already shown positive results across the continent.
2:40
Djibouti opens gigantic wind farm
The wind farm spans 387 hectares and the site’s 17 Siemens turbines each produce 3.4 MW.
2:10
Africa Finance Corporation Receives a US$100M Loan From India Exim Bank to Spur Post-Covid Recovery
Proceeds from the 10-year loan will support AFC’s continued mission to bridge Africa’s infrastructure gap and drive the sustainable economic growth that’s urgently required on the continent.
2:10
Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US$1 Billion of Investments
Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state.
3:00
Africa Finance Corporation hires Blackstone’s Zarou CEO, Sameh Shenouda, as CIO
Africa Finance Corporation announce Sameh Shenouda as its new Executive Director and Chief Investment Officer.
2:00
OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation
This represents the first direct financing co-operation between the two institutions.
4:10
Africa Finance Corporation Issues US$700 Million 5-year Reg S Eurobond
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces the successful issuance of a US$700 Million Reg S Eurobond, maturing 16 June 2025 (“the US$700 million Eurobond” or “the bond issuance”).