Thursday, July 31, 2025
28.1 C
Lagos

AFC: ‘Local Impact Champion’ at Africa CEO Forum 2023

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, was named ‘Local Impact Champion’ at the recent 2023 Africa CEO Forum Awards in Abidjan, Côte d’Ivoire.

The accolade recognises AFC’s commitment to create sustainable impact as a critical part of developing Africa’s economy and making a positive difference to local communities. AFC is focused on enhancing local industries by putting processing at the centre of sustainable circular economies, with projects that target value capture, beneficiation and job creation to catalyse growth. One key effect of this strategy is to eliminate emission-spewing shipments of Africa’s raw materials to other continents for processing, as set out in AFC’s 2022 white paper, A Pragmatic Path to Net Zero. Read here: https://s3.eu-central-1.amazon…

Receiving the award, AFC President & CEO Samaila Zubairu told the Forum:

“This is really exciting because we want to make our continent’s economy more sustainable, and we feel the way to do this is to move away from exporting raw materials toward value capture and retention through the production of intermediate and finished goods. With regards to climate change, we see that increasing production on the continent will reduce the volume of shipping, which is one of the big emitters of carbon dioxide. As we add more value on the continent, we subsequently reduce the emissions from shipping, and we can all achieve net zero faster.”

In the past year, AFC has advanced sustainable economic development of the continent through becoming, with its partners, the biggest investor in renewable energy in Africa; launching a US$2 billion facility to support recovery and resilience in Africa; and investing in the 60MW Red Sea Power wind power project in Djibouti.

At the event, AFC investee company ARISE Integrated Industrial Platforms was named ‘African Champion,’ an award bestowed to an organisation that contributes to African economic integration by expanding its presence into multiple African markets. ARISE IIP has developed a consistent track record of creating highly transformative special economic zones, scaling across multiple African countries including Gabon, Togo, Benin, Côte D’Ivoire, Nigeria, DRC, Chad, Sierra Leone and Rwanda. These ecosystems are central to AFC’s investment approach.

The Africa CEO Forum Awards recognise leaders, companies and investors whose performance has made a significant contribution to African development. This has been a rewarding year for AFC, with the organisation winning nine further accolades from prestigious institutions. Earlier this year, AFC was named ‘DFI of the Year-Europe & Africa’ at the IJGlobal Awards for its proven track record of developing key transformational projects on the continent, providing pragmatic solutions for Africa’s infrastructure deficit, and challenging the operating environment for over 16 years.

Last month, AFC investee company Lekela Power won ‘Equity Deal of the Year’ at the African Banker Awards, recognising the Corporation’s innovative financial structuring that led to the acquisition of AFC’s stake in Infinity Energy Africa, and Infinity’s acquisition of Lekela Power B.V.(Lekela), Africa’s largest renewable energy company. AFC was named ‘Top Treasury Partner’ at the International Islamic Trade Finance Corporation’s award ceremony during the ITFC’s recent 15th Year Anniversary Celebrations.

At the Bonds, Loans & ESG Capital Markets Africa Awards, recognising the most innovative and ground-breaking deals from sovereign, corporate and financial institution issuers and borrowers, AFC received a series of awards with its partners, including:

  • Agency Bond Deal of the Year: Bank of Industry Limited (EUR 750mm 1441/Reg S Senior Unsecured Guaranteed participation notes)
  • Oil & Gas Deal of the year: Sonangol EP (USD 1.3bn Senior Secured Loan)
  • AFC also recently received four notable awards from EMEA Finance:
  • Best supranational syndicated loan: AFC’s US$400mn syndicated loan
  • Best kimchi syndicated loan in EMEA: AFC’s US$160mn Kimchi loan facility
  • Best yen syndicated loan in EMEA: AFC’s US$382mn and JP¥1bn Samurai term loan
  • Best financial institution syndicated loan in EMEA: Bank of Industry’s AFC-guaranteed US$1bn loan

These awards are a testament to AFC’s unrelenting goal to advance the economic growth and industrialisation of the continent, helping to transform lives and unlock Africa’s vast potential.

 

About AFC

AFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa.

AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Sixteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 40 member countries and has invested US$11.5 billion across Africa since inception.

 

 

spot_img
spot_img
spot_img

Hot this week

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

NAICOM Issues Guidelines for Insurtech Operations Effective Aug 1

The National Insurance Commission (NAICOM) has officially issued operational...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

Topics

Ecobank Named ‘Agric Lender of the Year 2020’ by BAFI Awards

Ecobank Nigeria has emerged the winner of “Agric...

ADB Approves $40m Loan forAfeBabalola University

The Board of Directors of the African Development Bank...

Women as Key Pillars for Nutritional Progress

By Reginald Onabu Life is about balance. There is no...

ITU: COVID-19 Pandemic Worsens Global Digital Divide

More than a year and a half into the...

Global ICT Leaders to Share Insights at ITU Telecom World 2015

The rapid pace of digital transformation is creating new ecosystems, players and even industries – all holding tremendous potential. But how can this potential be harnessed for the benefit of all? And what should the top-level priorities be? An outstanding line-up of speakers spanning government, industry, entrepreneurs and innovators at the ITU Telecom World 2015 Leadership Summit on 12 and 13 October, 2015 will debate how best to accelerate ICT innovation, open up the digital economy to all the world’s citizens, and work together to enable digital entrepreneurship as a driving force for socio-economic development.

EZ37 Solutions to Hold International Conference on Coaching for Sustainable Impact

EZ37 Solutions Limited, a leading human resource and management consulting...

NCC Suspends Issuance of Telecom Licenses in 3 Categories

The Nigerian Communications Commission (NCC) has issued a Public...
spot_img

Related Articles

Popular Categories

spot_imgspot_img