Africa Finance Corporation is a multilateral finance institution established through an agreement among African sovereign states to mobilise private capital for infrastructure and industrialisation across the continent. It is headquartered in Lagos under a host country agreement with the Nigerian federal government.
The corporation provides debt and equity finance, project development support and advisory services, concentrated in power, natural resources, heavy industry, transport and logistics, and telecommunications. S&P Global Ratings has assigned it an A long term and A-1 short term issuer credit rating with a positive outlook, while noting shareholder concentration as a risk. Its president and chief executive is Samaila Zubairu.
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Africa Finance Corporation appointed Olayemi Cardoso, governor of the Central Bank of Nigeria, as chairman of its board of directors in October 2026. He succeeds Ireti Samuel-Ogbu, who remains on the board as a member.
Facts compiled by Executive Moves from publicly available news and press releases on 19 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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