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 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 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…
