Africa Finance Corporation

On CNN’s 'Connecting Africa', AFC President & CEO, Samaila Zubairu sets out the “global African agenda” – “African economies will not change if we don’t structurally transform, if we don’t move away from exporting raw materials and importing finished goods… We have this unique moment to make an accelerated impact on the continent. Let’s do it!” Watch his interview with Eleni Giokos here, starting from 21:00: https://lnkd.in/d7CUUhf4

"Africa has abundant energy sources to process the vast minerals and metals on the continent. More importantly, we have the youngest workforce, and we will have so for the next 3 to 4 decades. This is Africa’s unique moment!" AFC President & CEO, Samaila Zubairu sat down with BBC’s Lukwesa Burak, to discuss Africa’s potential, the state of its economy and infrastructure, and the challenges posed by the 'Prejudice Premium' in accessing fair finance. Watch the full interview below.

What is the role of natural gas in the African energy transition? Today at 11:15 WAT, Gbenga Sholotan, Associate Vice President, Special Assets Management at AFC, will share his insights on the critical role of natural gas during The West African Energy Summit in Accra. He will also explore key financing mechanisms that are vital for the future of the natural gas sector in West Africa. Joining him in the discussion are Dr. Isaac Adjei Doku, GM Corporate Affairs, West African Gas Pipeline Company Limited; Oghogho Effiom, C. Dir., Regional Director Africa, Society of Petroleum Engineers International; Akinbambo Ibidapo – Obe, General Manager, Commercial, Oando Plc; and Oluwaseyi Willoughby, Managing Partner, ELM Park Advisors Limited. The session will be moderated by Temitope Malomo of Welligence Energy Analytics. Yesterday, Gbenga delivered an engaging presentation on farm-in strategies and financing options for companies seeking capital. Find out more here: https://waesummit.com/

Financing West Africa’s Future Energy Mix: Tomorrow at The West African Energy Summit in Accra, Rotimi odubogun, Associate Vice President (Power & Renewables) at AFC, will explore the vital role of international investment in advancing a diverse and sustainable energy mix in West Africa. His session, scheduled for 14:30 WAT, will delve into how global financial institutions are driving transformative energy projects in the region. Moderated by Joe Levin of Watson Farley & Williams, other speakers include, Fathima Hussain, Managing Director, Africa Region, Standard Chartered; Rexford Addi-Kissiedu, Client Coverage Corporate & Investment Banking, First National Bank GH; Nosizwe Nokwe-Macamo, Non-Executive Director, South African National Petroleum Company; and Lindiwe Zwane CA (SA), Regional Manager for West Africa, Development Bank of Southern Africa (DBSA). Learn more here: https://waesummit.com/

Africa Finance Corporation is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts. The project in Akwa Ibom, Nigeria, targets producing an initial 1.8 million tonnes per annum (MTPA) of methanol, diversifying the local economy and generating over 18,000 jobs. The venture is led by Blackrose, a project development and investment firm, and co-developed with another international development finance institution, which are co-financing alongside AFC. Read more: https://bit.ly/4dEStQI

We are #hiring Head, Metals and Mining - Develop and oversee the implementation of long- and short-term strategy for the sector. - Provide leadership in business development by utilising appropriate networks for potential business opportunities and working closely with other relevant teams. - Build and nurture deep relationships with clients, counterparts in comparable institutions, multilateral partners and governments to develop a strong pipeline for new opportunities in the mining sector. - Work with other teams in the investments division and financial services to cross-sell investment opportunities. - Develop, evaluate and review mining sector deal-flow and project pipeline against investment strategy, performance targets, risk and other investment criteria. - Serve on several internal business governance and management committees including Sub-Investment Committee, Valuation Committee, Risk Management Committee, etc. - Provide hands on direction and supervision of the entire deal execution process from due diligence, structuring, negotiation, execution through to monitoring and closing. This includes strategic support and guidance to deal teams (on internal and external matters and interactions). - Provide ongoing hands-on support and strategic, technical and tactical guidance to members of the business unit Fluency in written and spoken English is mandatory while oral and written fluency in French, Arabic, Portuguese or other international languages will be an added advantage. Interested candidates should send their CVs to [email protected] and indicate the Job Title and Reference as the subject for the application.  Application closes 6 September 2024.

We are #hiring Head, Project Development - Develop and oversee the implementation of long- and short-term strategy for the business unit. - Provide leadership in business development by utilizing appropriate networks for potential business opportunities and working closely with other relevant teams. - Build and nurture deep relationships with clients, counterparts in comparable institutions, multilateral partners and governments to develop a strong pipeline for new PD opportunities. - Develop, evaluate and review PD sector deal-flow and project pipeline against investment strategy, performance targets, risk and other investment criteria. - Lead the processing of PD transactions through all appropriate investment approval bodies, working closely with the investment, legal, finance, treasury and risk departments to ensure that financial close is achieved in a timely manner. - Support the treasury, AFC Capital Partners and country & investor relations functions on membership drive and fundraising efforts including participating in road shows. - Provide ongoing hands-on support and strategic, technical and tactical guidance to members of the PD business unit. Fluency in written and spoken English is mandatory while oral and written fluency in other international languages will be an added advantage. Interested candidates should send their CVs to [email protected] and indicate the Job Title and Reference Application closes 6 September 2024.

AFC is proud to act as the Global Coordinator for the debut Domestic Federal Government of Nigeria (FGN) US $500 million Dollar Bond. To mark this milestone, a hybrid roadshow was held in Lagos last week to introduce the bond to the market and announce its imminent launch. The event was graced by the delegation of the Federal Government of Nigeria, led by the Nigeria’s Minister of Finance and Coordinating Minister of the Economy, H.E. Wale Edun, OFR. AFC's delegation was led by our Executive Board Member and Head of Financial Services, Banji Fehintola, CFA. The bond aims to attract foreign exchange inflows and stabilise the naira, contributing to sustainable economic growth for the nation. Modupe Famakinwa Mohammed Usman Abdul-Razaq Chinekwu Duru James O. Maduekeh, MBA (Oxon) Ifueko Oduekun Nosakhare Aguebor

If the idea of collaborating on a global scale in relation to climate change appeals to you, look no further - this incredible programme for emerging leaders is coming up again. It is generously funded by Africa Finance Corporation so is available at no cost to participants and brings together leaders from global north and global south in a dynamic, engaging programme. Details are all below, including link to submit an application.

Sharing and (highly) recommending the Africa Finance Corporation’s 2024 State of Africa’s Infrastructure Report to anyone with an interest in Africa’s growth and development. This report is one of the most insightful and comprehensive analyses I've encountered, offering a detailed look at the current state of Africa’s infrastructure landscape. The report not only examines the well-known infrastructure gaps that hinder the continent's industrialization goals but also uncovers lesser-known opportunities for strategic investment. Leveraging specialist insights and data, it identifies key areas such as mineral beneficiation, road and rail infrastructure, power transmission, renewable energy, and more, where both public and private investments could make a transformative impact. Crucially, the report advocates for targeted investments in these sectors to unlock Africa’s vast potential and ensure its resources are used to benefit not only its people but the global community as well. (Bonus – for anyone researching infrastructure development or investing in Africa, this report is a goldmine of information that could halve your research time!). 🔗: https://lnkd.in/dTfYHQJA