Africa Finance Corporation

The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.

[13] In August 2013, AFC provided a US$170 million loan facility to Nigerian firm Mainstream Energy Solutions Limited (MESL) in its successful bid for the 1,338 MW Kainji Hydroelectric power plant in Niger State, Nigeria.

[14] At the same time it was invited to become a private sector partner in the US $7 billion USAID-funded ‘Power Africa’ initiative announced by US President Obama in Cape Town.

[18] In July 2015, the corporation signed a joint development agreement with the Ivorian project company Ivoire Hydro Energy SA (IHE) to build a 44MW hydroelectric power plant in Singrobo, Côte d'Ivoire.

[21] The following year the African Development Bank (AfDB) approved a US$200 million line of credit to AFC with the mandate to catalyse investments and help bridge Africa’s infrastructure gap.