Africa Finance Corporation

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.