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AFSN

company 3 Deals 6 Partners

Lagos-based multilateral financial institution with over $12 billion in assets under management, focused on developing and financing infrastructure projects across 40 African countries. Specializes in power, transport, natural resources, and telecommunications.

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Founded 2007
Multilateral Financial InstitutionInvestorDeveloperLenderAdvisor

Strategic Overview

  • AFC's core mandate is to address Africa's infrastructure deficit and drive economic growth through project development and financing.
  • The institution emphasizes public-private partnerships (PPPs) and co-financing models to mobilize capital for large-scale projects.
  • AFC is increasingly focused on energy transition initiatives, including gas-to-power and renewable energy projects, alongside digital infrastructure development across the continent.

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Deal Activity from Public Sources

AFC commits US$100 million to support the development of the 300MW Lake Turkana Wind Power Project in Kenya.
Financing Onshore Wind Kenya April 2024 300 MW with Lake Turkana Wind Power Project
AFC and the Government of Sierra Leone sign a Joint Development Agreement for the development of a 200MW combined cycle gas turbine (CCGT) power plant.
Joint Venture Thermal Power Sierra Leone March 2024 200 MW with Government of Sierra Leone
AFC and the Government of Guinea sign a Joint Development Agreement for the development of a 35MW hydropower project and associated transmission infrastructure.
Joint Venture Hydropower, Transmission Guinea February 2024 35 MW with Government of Guinea
AFC invests US$150 million in the acquisition of a significant stake in the Lekki Port LFTZ Enterprise Limited (LPLEL).
Acquisition Nigeria December 2023 with Lekki Port LFTZ Enterprise Limited (LPLEL)

Investment Focus

Technologies
Thermal Power1
Transport1
Geography
Nigeria1
Sierra Leone1
Denmark1

Key People

Samaila Zubairu
President & CEO
Banji Fehintola
Senior Director & Head of Treasury & Financial Institutions
Sanjeev Gupta
Executive Director, Financial Services

Track Record

17
Years Active
$B12.2B
Total Value
Notable projects: Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline (Nigeria), Cenpower Kpone Independent Power Project (Ghana), Djibouti Port Expansion, Lekki Port (Nigeria), Lake Turkana Wind Power Project (Kenya)

Detailed Analysis

Technologies
Thermal PowerHydropowerSolar PVOnshore WindTransmissionData CenterOil & Gas Infrastructure
Sectors
TransportDigital/TelecomUtilitiesEnergy TransitionAirportsPortsRailRoads/Toll Roads
Geographies
NigeriaGhanaKenyaSierra LeoneGuineaDjiboutiGabonRwandaCote d'IvoireTanzania
Deal Stage
GreenfieldBrownfieldOperating

Portfolio Companies

Cenpower Generation Company — UtilitiesLekki Port LFTZ Enterprise Limited (LPLEL) — PortsLake Turkana Wind Power Project — Energy Transition

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