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Browsing: AFC
- AFC’s landmark wind farm in Djibouti set the country on a path to becoming the first African country fully powered by renewable energy.
- Last year, the corporation committed to overhauling Kinshasa’s mass transit system to enhance mobility.
- 2023 saw the AFC welcome three new members—Ethiopia, Burundi, and Sao Tome and Principe.
As the world looks into Africa to launch the next development phase, the Africa Finance Corporation (AFC) is increasingly emerging as a participant and a pacesetter in African infrastructure investments.
Last year marked a watershed moment for the organization, as AFC’s impact was evident in an ambitious slate of projects that span the spectrum of Africa’s developmental needs, from renewable energy sources and transport corridors to mining and climate resilience initiatives.
AFC’s impact on key economic corridors
Last year was a standout moment for AFC, with the corporation not merely navigating but thriving amidst growing global tensions, inflationary pressures, …
- In place of resolve to take responsibility for per capita emissions, polluting nations are instead pivoting towards carbon offsets to’ cancel out’ industrialised world emissions. (https://www.belongly.com/)
- Carbon markets stand to become a new economic mechanism promoting energy security in Africa.
- Africa’s forests absorb 600 million tons of CO2 yearly, more than any forest ecosystem on Earth.
Africa should become the global centre for high-value, high-integrity carbon credits, AFC says; Wholesale leases or sale of land undervalue Africa’s forestry while enabling polluters: AFC paper; AFC Foundation to prioritise conservation and regeneration of African carbon sinks through local capacity building.
At a critical moment in the fight against climate change, the world is squandering a significant opportunity by neglecting Earth’s most important natural carbon repositories – Africa’s forests, grasslands, peatlands and mangroves.
Carbon offsets market not delivering
The global carbon markets offer a pragmatic way to improve this course, with …
- AFC and CPF Financial Services will collaborate in identifying, developing, and co-financing infrastructure projects aligned with Kenya’s growth plan.
- Globally, infrastructure development is recognized as a critical pathway to any country’s economic take-off.
- Kenya boasts one of the best infrastructure networks in the South of Sahara.
Kenya’s infrastructure is set for a huge boost following a partnership between the Africa Finance Corporation and CPF Financial Services. The agreement signed during the opening of the ongoing Africa Climate Summit is aimed at increasing infrastructure investments in the East African nation.
Under the new partnership AFC and CPF Financial Services will collaborate in identifying, developing, and co-financing priority infrastructure projects that are aligned with Kenya’s development roadmap. The two organisations will leverage their combined technical expertise and access to domestic and global capital.
“African institutional investors are one of the single largest sources of investable capital and will play a catalytic role …
Africa Finance Corporation (AFC), an investment multilateral finance institution has issued a CHF bond that matures in 2023 and which has already oversubscribed.
AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications.
To date, the Corporation has invested over USD6.6 billion in projects within 30 countries across Africa.
This latest bond issue has attracted great investment across Europe with AFC saying ‘it received strong investor interest from private banks and asset managers, and the bond has experienced an over subscription.’
“The response to our second Swiss Franc bond issue has been overwhelmingly positive with order-books three-times oversubscribed,” said Samaila Zubairu, President& CEO of AFC.
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The CEO also pointed out that ‘the strong appetite for AFC bonds is further testimony of investor confidence in …