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Africa Finance Corporation

Acronym: AFC

General Information

Identification Code: 116051751271-53
Website: [object Object]
Entity Form: Pan African multilateral Financial Institution
Registration Category: Other organisations, public or mixed entities
Registration Date: 9/25/2023
EP Accredited Number: 0

Mission & Interests

Goals: AFC is a Pan-African multilateral financial institution established in 2007 through a treaty among sovereign African states. The Corporation was created to be the catalyst for private sector-led infrastructure investment across Africa by proactively developing, financing, acquiring, and managing infrastructure, natural resources, and industrial assets to promote sustained economic growth on the Continent. AFC operates in 5 key sectors: power, natural resources, transport & logistics, heavy industry and telecoms. To date, the Corporation has mobilized about US$13.5BN across 37 African countries; and have maintained an A3 investment-grade rating from Moody’s Investors Service for nine consecutive years. This ranks us as the second highest investment-grade rated multilateral financial institution in Africa. AFC currently has 42 member states.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
  • Banking and financial services
  • Climate action
  • Energy
  • International co-operation and development
  • Regional policy
  • Transport
Levels of Interest:
  • sub-national
  • global

Activities

Main EU Legislative Proposals: Africa Finance Corporation is represented on a High-Level Expert Group
Communication Activities: Meeting with EU officials and Director Koens AFC attends the EU Africa Business Forum (EABF), holds meetings with EU delegations, and attended various events and conferences including the 2023 Paris Summit
Inter-institutional or Unofficial Groupings: Unofficial groupings

Head Office

Address: 3a Osborne RoadIkoyi, Lagos State
Post Code: 00234
City: Lagos
Country: NIGERIA
Phone: [object Object]

EU Office

Address: 3a Osborne RoadIkoyi, Lagos State
Post Code: 00234
City: Lagos
Country: NIGERIA
Phone: [object Object]

Financial Data

New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Complementary Information: AFC has spent less than 10,000 euros on the Register's activities.

Membership Information

Members10 Percent: 0
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
Members: 1
Members F T E: 1
Info Members: So far, only 1 representative is directly involved in the activities

Structure

Structure Type: Structure
Is Member Of: 40 of 54 African sovereigns are members of AFC https://www.africafc.org/investor-and-country-relations/with-countries
Organisation Members: Organization of Economic Cooperation Development (OECD) https://www.oecd.org/ International Development Finance Club (IDFC) https://www.idfc.org/ Multilateral Cooperation Center for Development Finance’s (MCDF) https://www.themcdf.org/en/news-activities/news/2023/Africa-Finance-Corporation-accredited-as-new-MCDF-Implementing-Partner.html African Union https://au.int