Saudi EXIM Bank and Africa Finance Corporation sign MoU to enhance export activities in the Middle East and Africa
AFC is pleased to partner with the Saudi Exim Bank, marking a major milestone in strengthening ties between Africa and Saudi Arabia.
Tag: AFC
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Moody’s affirms AFC’s A3 Rating with a change from Negative to Stable Outlook
The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain astable.
Infinity Group and Africa Finance Corporation to buy Lekela Power in Africa’s biggest renewable energy deal
The proposed acquisition includes Lekela Power’s portfolio of operational wind power projects, which have a combined installed capacity of over 1 gigawatt (GW), mainly located in South Africa, Egypt and Senegal. It also includes Lekela’s 1.8 GW pipeline of greenfield projects, the majority of which are anticipated to reach financial close in the near future.
Financing power projects in Africa: From pipe dream to project bankability
Many energy schemes across Africa wither because of the absence of effective financing structures. However, both development finance institutions and commercial lenders are committed to finding solutions that could transform the continent’s prospects. James Gavin reports. The race is on to find new ways of catalysing finance for projects that provide electricity to all Africans….