By BENJAMIN ORISEMEKE, Abuja –
Africa Finance Corporation (AFC) has invested a total of $10 billion in projects across 35 African countries since its inception in the last 15 years.
The Corporation invested in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications.
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.
Speaking during the Corporation 15th anniversary, President and Chief Executive Officer of AFC, Samaila Zubairu said the Corporation is rebranding with ‘Instrumental Infrastructure. Instrumental Africa’ as its straplike.
He said “Our new identity reinforces our role in working to advance Africa’s instrumental role as a global growth engine.”
“Through impact investing in infrastructure, we are committed to helping the continent position itself for greater success in a world of growing crisis and complexity.”
With Africa’s infrastructure investment needs estimated at $130 to $170 billion a year, AFC’s new branding is emblematic of its strategic developmental role in the sectors most critical as growth engines for sustainable economic development. In the process, millions of jobs required for the continent’s rapidly growing youth population are generated.
Speaking during rebranding in Lagos, Governor, Central Bank of Nigeria, Godwin Emefiele said “Africa is lucky that AFC was born in Nigeria. Because what Nigeria tried to do is to say that because we are the largest economy in Africa, because we are the largest populated country in Africa, that we as Nigeria need to play a leading role in the establishment of a development finance institution that will truly help to finance funding of projects, particularly infrastructure projects in Africa and particularly in Nigeria.”
According to the development finance institution, the new logo embodies it’s mission to be the bridge to a prosperous African future,
On his part, former Governor of the Central Bank of Nigeria (CBN) and Governor of Anambra State, Chukwuma Soludo said “AFC was set up to be a game changer in terms of its catalytic role in moving Africa forward. AFC was experiment also in African capital developing Africa. It’s one institution, one major institution, pan-African institution where the private sector came in, the public sector came in and purely African capital, in terms of its ownership, we set it up to be, and it was hundred percent African capital.”
As Africa’s leading infrastructure finance institution, offering end-to-end finance and consultancy, AFC’s rebranding restates its capabilities to deliver across power, heavy industries, natural resources, transport, logistics and telecommunications.
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