Africa Finance Corporation

AFC

  • Type International
  • Date of accreditation 06 Jul 2015

The Africa Finance Corporation (AFC) is a regional entity established through a public–private partnership to serve Africa, particularly providing financing solutions to address infrastructural needs in the region. With the view of achieving its mandate, AFC has established strategic partnerships with other regional financial institutions that also prioritize development and the financial impact of their investments. AFC has an investment portfolio worth about US$ 2 billion, and a track record of making climate change adaptation and mitigation investments that enhance livelihoods through renewable energy generation (e.g. hydropower and wind), sustainable transport and low-emissions projects, by employing equity and loans. Leveraging its well-established partnerships and successful track record in the African region, AFC sought accreditation to GCF in order to continue, through instruments such as loans, equity and guarantees, to implement projects that address the region’s infrastructural gaps whilst promoting low-emission and climate-resilient development pathways.

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending

Projects

FP104
Mitigation

Nigeria

Nigeria Solar IPP Support Program

Documents

News & Stories

GCF and Africa Finance Corporation drive low-emission development in Africa

24 Oct 2017 / GCF will help African countries ramp up their economic growth in ways that do not exacerbate climate change with the signing today of an agreement with AFC.

Contacts

Ms. Kome Johnson-Azuara
Associate Vice President, Investments
3a Osborne Road, Ikoyi, Lagos, Nigeria
Phone +234 1 279 9669
kome.johnson-azuara@africafc.org
Ms. Chinekwu Duru
Senior Vice President
3a Osborne Road, Ikoyi, Lagos, Nigeria
Phone +234 1 279 9650
chinekwu.duru@africafc.org