Africa Finance Corporation

The African Development Bank Group has approved a US$30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects, including wind and solar power plants in Djibouti and Egypt and energy storage systems in Cabo Verde. AFC will leverage the green equity and mobilise debt funding from capital markets for on-lending to sub-projects. Read more: https://bit.ly/3ByXCMw

AFC Capital Partners, the asset management arm of the Africa Finance Corporation (AFC), invites expressions of interest from specialized consulting firms with a proven track record in climate resilience, infrastructure development, and sustainable project implementation. The selected firm will support the implementation of the Infrastructure Climate Resilience Fund (ICRF), a fund program designed to address the pressing climate challenges faced by infrastructure projects across Africa. This engagement aims to strengthen the climate resilience of critical infrastructure assets, fostering sustainable development and economic growth while mitigating risks posed by climate change. 𝗦𝗰𝗼𝗽𝗲 𝗼𝗳 𝗪𝗼𝗿𝗸 The firm will play a pivotal role in advancing the ICRF's objectives, including: - Developing adaptive solutions for Climate Resilient Investments (CRI). - Strengthening regulatory and fiscal frameworks for climate resilience. - Facilitating knowledge sharing and collaboration across the continent. 𝗦𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 Interested firms are invited to submit: 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: Relevant projects and initiatives demonstrating expertise in climate resilience and infrastructure development. 𝗧𝗿𝗮𝗰𝗸 𝗥𝗲𝗰𝗼𝗿𝗱: Evidence of successful delivery in similar engagements, particularly in Africa. 𝗖𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀: Key personnel, tools, and methodologies tailored to the objectives of the ICRF. Interested firms should send their submissions to [email protected] , [email protected] . Applications closes Friday 20th December 2024.

AFC Capital Partners invites expressions of interest from specialized consulting firms with demonstrated expertise in parametric insurance, climate risk analysis, and capacity-building initiatives to support the development and implementation of Climate Resilient Parametric Insurance (CRPI) in Africa. 𝗦𝗰𝗼𝗽𝗲 𝗼𝗳 𝗪𝗼𝗿𝗸 The selected firm will play a critical role in advancing the adoption of CRPI solutions for climate-resilient infrastructure projects in Africa through: 𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗦𝘁𝘂𝗱𝘆: Conducting a comprehensive feasibility study to assess the potential for CRPI development in Africa. 𝗗𝗲𝘀𝗶𝗴𝗻 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: Creating tailored CRPI solutions, including active stakeholder engagement and alignment with infrastructure needs. 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴: Supporting training and capacity-building activities for key CRPI stakeholders to ensure long-term sustainability and scalability. 𝗦𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 Interested firms are requested to submit: 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: A summary of relevant projects showcasing expertise in parametic insruance and climate resilience.  𝗧𝗿𝗮𝗰𝗸 𝗥𝗲𝗰𝗼𝗿𝗱: Evidence of successful delivery of similar projects, particularly in Africa. 𝗖𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀: Evidence Details on technical expertise, methodologies and key personnel relevant to the CRPI development objectives.  Interested firms should send their submissions to [email protected] , [email protected] . Applications closes Friday 20th December 2024  

The Middle East is a pivotal partner in mobilising capital and fostering economic cooperation to address Africa's infrastructure deficit. At the recent Abu Dhabi Private Markets Meeting in the United Arab Emirates, organized by Carmo Companies in partnership with AFC, Banji Fehintola, CFA , Executive Board Member and Head of Financial Services, underscored this vital relationship. Speaking on the panel “Real Assets: Infrastructure & Natural Resources,” Banji shared insights into how infrastructure investments drive sustainable development and unlock economic growth across Africa. Beyond the panel, he engaged with sovereign wealth funds, family offices, and institutional investors, solidifying partnerships and exploring opportunities for strategic collaboration. AFC secured its largest-ever debt facility—a US$1.16 billion syndicated loan—with substantial participation from Middle Eastern lenders earlier this year.

We are #hiring Intern, Human Resources - Provide administrative support to the team across the entire employment life cycle. - Assist in processing employee-related requests via the HR Service Desk and through other channels. - Provide project administration support for HR Projects. - Provide any other operational support as required. - Assist with data analytics and reporting. - Assist with implementation of all HR initiatives and programs. Fluency in written and spoken English is mandatory while oral and written fluency in other international languages will be an added advantage.  Interested candidates should send their CVs to [email protected] and indicate the Job Title and Reference as the subject for the application. Application closes 20th December 2024.

Can the railway and planned economic corridor connecting the Democratic Republic of Congo, Zambia, and Angola deliver a new model of U.S. infrastructure development and go beyond extractives? Devex in a special report focuses on AFC’s role as the lead developer for phase two of the project. Over the past year, AFC has completed feasibility studies, signed a concession agreement, and advanced technical studies, including an environmental impact assessment and designs, Devex reports. “This is creating a huge economic corridor,” says Osaruyi Orobosa-Ogbeide, Acting Head of Project Development and lead for the Lobito Project at AFC. Speaking to Devex, he emphasized the broader impact of the corridor, noting its potential to support not only mineral exports but also agricultural goods. Investments in grain silos and other supporting infrastructure could boost farmers’ livelihoods across the region, further enhancing the project’s transformative potential. Catch the full story here: https://bit.ly/3ZLYK8J 

We are #hiring Consultant: Strategic Communications, Research and Positioning - Spearhead the development and implementation of a robust communications strategy for AFC Capital Partners (ACP), strategically aligned with its five-year strategy, with a particular focus on ACP’s inaugural offering—the Infrastructure Climate Resilient fund (ICRF). - The Consultant will be instrumental in shaping and amplifying ACP’s brand identity as a leading Africa-focused infrastructure asset manager, ensuring consistent and cohesive messaging and impactful engagement with diverse stakeholders. - Generate high-quality, strategic content that highlights ACP’s work in climate-resilient infrastructure and its impacts across Africa. - Map stakeholders and target audiences including existing and prospective investors, countries in the context of Non-Objection Letters (NOLs), EPC contractors that ACP needs to engage with, along with development sub-strategies. - Spearhead the design of ACP's logo and other branding materials to establish and reinforce a cohesive brand identity that resonates with stakeholders. - Manage relationships with journalists and media outlets. Represent ACP at local and international events and technical meetings as appropriate. Fluency in written and spoken English is mandatory while oral and written fluency in other international languages will be an added advantage. Interested candidates should send their CVs to [email protected] and indicate the Job Title and Reference as the subject for the application. Application closes 27th December 2024.

At the Lobito Corridor Leaders’ Summit, co-hosted by U.S. President Joe Biden and Angola’s President João Lourenço, and attended by President Félix Tshisekedi of the Democratic Republic of the Congo (DRC), President Hakainde Hichilema of Zambia, Vice President Philip Mpango of Tanzania, and representatives from the private sector, AFC’s President and CEO Samaila Zubairu announced groundbreaking commitments to advance this transformative initiative. “This project symbolizes what African leaders and partners can achieve when united by a shared vision.”   Watch Samalia ‘s highlight in the video below Watch the full session: https://bit.ly/3OLcbQb

The Zambia-Lobito Rail project received pivotal support from US President Joe Biden’s just concluded visit to Angola, with the Africa Finance Corporation (AFC) as the lead developer announcing a series of commitments that underscore the project’s urgency and transformative potential to deliver economic benefits that transcend borders. In a speech at the Lobito Corridor Leaders Summit, co-hosted by President Biden and President Joao Lourenço of Angola, and attended by Presidents of the Democratic Republic of the Congo (DRC) and Zambia, Vice President of Tanzania and representation from the private sector, AFC’s President and CEO Samaila Zubairu announced: - Lobito rail project will break ground by early 2026, AFC CEO Zubairu says at Presidential forum - AFC commits up to US$500m in financing for Zambia-Lobito greenfield rail - AFC announces MOU with Kobold Metals as anchor client, guaranteeing at - least 300,000 tons of copper and related freight per year - AFC pledges US$100 million to Kobaloni Energy for Zambia’s first battery-grade copper sulphate facility Read more: https://lnkd.in/dhkFaAke

Africa Finance Corporation (AFC) today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the largest-ever global loan syndication for Bank of Industry Limited at up to €2 billion, setting a new standard for developmental finance across Africa. Read the full announcement :  https://lnkd.in/dehbTGcE