AFC - Investor and country relations with investors! (2024)

AFC is renowned for its entrepreneurial, commercially driven approach to execution and delivery, which we intertwine with local knowledge, global expertise and deep understanding of our markets.

We always take an end-to-end view of projects, seeking to participate through the entire project life cycle from concept design to operations, working with partners to find solutions to market challenges.

We are one of Africa’s unique success stories, well positioned to continue playing a catalytic role in mobilising global capital to help bridge Africa’s critical infrastructure deficits. As such, we consistently seek proactive engagements with private and multilateral institutions to provide finance for transformative infrastructure projects in Africa with high developmental impact.

This clear focus has enabled us to grow stronger year by year to become one of the highest investment-grade rated multilateral financial institution in Africa – with a constant A3/P2 rating since 2015 from Moody’s Investors Service. We have consistently grown our balance sheet, broadened our asset base and expanded our geographic footprint. Since 2007, AFC has mobilised up to US$5.1 billion of funding from global debt markets and deployed over US$12.7 billion in investments to finance projects in 36 African countries.

AFC's Borrowings

AFC - Investor and country relations with investors! (1)

Funding plays a critical role in AFC’s operations, enabling the execution of transformative projects across the continent. Our strategies to seek new and varied sources across the world include:

AFC - Investor and country relations with investors! (2) AFC - Investor and country relations with investors! (3)

Tapping into niche markets to attract new pockets of liquidity

AFC - Investor and country relations with investors! (4) AFC - Investor and country relations with investors! (5)

Diversifying our funding sources through a proactive investor engagement programme

AFC - Investor and country relations with investors! (6) AFC - Investor and country relations with investors! (7)

Leveraging market opportunities to drive down funding costs

AFC - Investor and country relations with investors! (8) AFC - Investor and country relations with investors! (9)

Extending maturity profile of debts to fund longer-term assets

Performance track record

Since inception, we have demonstrated consistently high performance in facilitating instrumental infrastructure investment across the continent.

Instrument Instrument Amount Tenor Year Use of Proceeds

Deutsche Investitions- und Entwicklungsgesellschaft
(DEG)/Proparco

Loan

Eu€150,000,000 10 2022

supports the development and implementation of infrastructure projects that enhance the continent’s ESG impact

Kimchi

Loan

$160,000,000 3 2022

Enhancement of investment capacity

Opec Fund for International Development(OFID)

Loan

$50,000,000 10 2022

Enhancement of investment capacity

Samurai

Loan

$412,000,000 / ¥1,000,000,000 3 2022

Enhancement of investment capacity

Korea Development Bank

Loan

$100,000,000 5 2022

Enhancement of investment capacity

CDP

Loan

EU€100,000,000 10 2022

To support the renewable energy transition in Africa

Syndicated Loan

Loan

400,000,000 3 2021

Enhancement of investment capacity

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)/Proparco/FMO

Loan

170000000 12 2021

Enhancement of investment capacity

Export-Import Bank of India

Loan

$100,000,000 9 2021

To develop the critical infrastructure required to rebuild Africa’s economies, post-COVID 19.

KfW IPEX-Bank GmbH

Loan

$100,000,000 3 2021

Enhancement of investment capacity

United States International DFC

Tier 2 Loan

$250,000,000 15 2020

Enhancement of investment capacity

OPEC Fund for International Development

Loan

$50,000,000 10 2020

Enhancement of investment capacity

KIMCHI Loan Facility

Loan

$140,000,000 3 2019

Enhancement of investment capacity

Samurai Loan Facility

Loan

233,000,000 / ¥1,000,000,000 3 2019

Enhancement of investment capacity

International Club Loan Facility

Loan

300000000 3 2018

Enhancement of investment capacity

China Export Import Bank

Loan

300,000,000 5 2018

Enhancement of investment capacity

Overseas Private Investment Corporation

Loan

19500000 7 2018

Enhancement of investment capacity

Agence Francaise de Developpement

Loan

$100,000,000 19 2018

Enhancement of investment capacity

Oesterreichische Entwicklungsbank AG(OeEB)

Loan

$30,000,000 4 2018

Enhancement of investment capacity

Islamic Development Bank

Loan

$10,000,000 5 2017

Enhancement of investment capacity

Kfw Development Bank

Loan

$50,000,000 15 2016

Enhancement of investment capacity

Kfw Development Bank

Loan

$100,000,000 15 2016

Enhancement of investment capacity

Proparco

Loan

$250,000,000 10 2013

Enhancement of investment capacity

Proparco

Loan

32000000 10 2013

Enhancement of investment capacity

Africa Development Bank

Loan

115,750,000 10 2012

Enhancement of investment capacity

Instrument Instrument Amount Tenor Year

MTN Eurobond Series 21

Eurobond

$750,000,000

7

2021

MTN Eurobond Series 14

Eurobond

$700,000,000

5

2020

MTN Eurobond Series 11

Eurobond

$500,000,000

7

2019

MTN Eurobond Series 10

Eurobond

$650,000,000

5

2019

MTN Eurobond Series 9

Eurobond

$500,000,000

10

2017

MTN Eurobond Series 1

$750,000,000

$750,000,000

5

2015

Green Bond(15)

Green Bond

CHF150,000,000

5

2020

CHF Bond (12)

Public Bond

CHF200,000,000

4

2019

CHF Bond

Eurobond

CHF100,000,000

3

2016
Counterparty Instrument Amount Tenor Year Use of Proceeds

Syndicated Loan (Mashreq)

Borrowing $625,000,000.00 3 2023 Enhancement of investment capacity

China Export Import Bank

Borrowing $300,000,000.00 3 2023 Enhancement of investment capacity

China Export Import Bank

Borrowing $100,000,000.00 5 2023 Enhancement of investment capacity

OPEC Fund for International Development

Borrowing $50,000,000.00 10 2023 Enhancement of investment capacity

CASSA DEPOSITI E PRESTITI S.P.A

Borrowing € 50,000,000.00 10 2023 Enhancement of investment capacity

African Development Bank

Borrowing $350,000,000.00 12 2023 Enhancement of investment capacity

Standard Finance(Standard Bank Isle of Man)

Borrowing $50,000,000.00 2 2013 Enhancement of investment capacity

First Rand Bank Ltd London

Borrowing $75,000,000.00 3 2014 Enhancement of investment capacity

Syndicated loan

Borrowing $250,000,000.00 2 2013 Enhancement of investment capacity

AFC - Investor and country relations with investors! (10)

Contact

Modupe Famakinwa, Head Corporate Funding

AFC - Investor and country relations with investors! (11) modupe.famakinwa@africafc.org

Modupe Famakinwa joined Africa Finance Corporation in December 2014. She manages the corporation’s annual funding programme, overseeing a $7billion debt portfolio, and is responsible for Investor relations, managing an extensive investor and lender database with over 1200 global institutional investors and lenders.

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Products

AFC maintains an active presence in the bond and loan capital markets across currencies and structures

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Reports

The following section provides an all-in-one repository for our regular reports, investor presentations and factsheets.

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Loans, Eurobonds, Borrowing

Loans

AFC - Investor and country relations with investors! (2024)

References

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