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Africa

Africa: AFC, Firm to Invest $300m in WIOCC Group for Infrastructure Expansion Across Africa

eriinfo.com2 weeks ago03 mins

WIOCC Group, Africa’s leading carrier-neutral digital infrastructure platform, has signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined $300 million investment in the company. Signed at the LEAP 2026 Global Technology exhibition in Riyadh, the agreement represents…

Africa

Africa: Moody’s Affirms AFC At A3 With Stable Outlook

eriinfo.com1 month ago05 mins

Moody’s Ratings affirmed Africa Finance Corporation’s A3 long-term issuer and senior unsecured ratings, citing stronger capital, solid liquidity and stable asset quality as the infrastructure lender expands its balance sheet. The outlook remains stable. Moody’s also affirmed AFC’s Baa3 junior subordinated rating and P-2 short-term issuer rating. The rating agency said AFC’s capital position has…

Africa

Africa: AFC Commits $100m to African Tech Venture Funds

eriinfo.com4 months ago06 mins

Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused technology fund managers, the Lagos-based institution announced on May 18, 2026. The move marks a shift from AFC’s core infrastructure mandate into early and growth-stage venture capital. The first two commitments…

Africa

Africa: $8.6trn Mineral Endowment Undeveloped in Africa – AFC

eriinfo.com7 months ago01 mins

Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, a new study released yesterday by Africa Finance Corporation (AFC) has shown. Of this total, US$8.6 trillion remains undeveloped, reflecting an under-explored continent where fragmented…