The Africa Finance Corporation (AFC) is a multilateral development financial institution established in 2007 to address Africa's infrastructure deficit. It focuses on financing projects with high developmental impact and economic growth potential, particularly in sectors such as power, natural resources, transport, heavy industry, and telecommunications[1][3]. AFC operates through a range of financial instruments including debt, equity, quasi-equity, loans, mezzanine, and guarantees[2]. ### Key Features: - Mission: To foster economic growth and industrial development in African countries while delivering a competitive return on investment to shareholders[3]. - Shareholding: Initially capitalized by Nigeria through the Central Bank of Nigeria (42.2%), with other shareholders including major commercial banks, financial institutions, and private investors (57.8%)[1]. - Investment Footprint: AFC has an investment footprint across thirty-six African countries, with total assets of approximately $12.34 billion and total equity of $3.42 billion[5]. - Ratings: AFC holds an A-3 (Long-term Issuer) and P-2 (Short-term Issuer) rating from Moody's[5]. ### Leadership and Operations: - Management: Led by a team of experienced professionals, including Samaila Zubairu as President & CEO, and Sameh Shenouda as Executive Director & Chief Investment Officer[4]. - Business Model: Offers project development, financial advisory, and principal investing services, ensuring comprehensive support across the project cycle[3]. ### Recent Developments: - 2021 Highlights: Issued a $750 million Eurobond, received loans from OPEC Fund and India Exim Bank, and expanded its membership to include Guinea and Togo[5]. - Asset Management: Established AFC Capital, focusing on asset management and infrastructure investments[5].