Related Articles
Forward article link
Share PDF with colleagues

Sowing the seeds in Africa

The AFC is committed to providing financial support for energy infrastructure development across the continent in a difficult investment climate

The Africa Finance Corporation (AFC), backed by states on the continent, is striving to beef up its role as a facilitator of financing to indigenous companies and domestic infrastructure projects that would otherwise be hard to come by. "In the oil and gas sector, we've done both export and domestic projects, but our focus has increasingly become domestic projects, where we get more bang for our bucks in terms of our mandate and our credibility on the continent," Osam Iyahen, who heads the AFC's natural resources division, told Petroleum Economist. Established in 2007, the Lagos-based multilateral institution, with 15 states on board, has total assets of around $3.4bn. It has mobilised inv

Also in this section
Rosneft makeover 'on the way'
17 July 2018
Chief executive Igor Sechin has outlined bold reforms for Russia's largest oil company, but will they be put into practice?
Brazil's floating future
5 July 2018
The resignation of Petrobras’ boss comes just as it begins to reap the benefits of his reform programme
Petrobras' incomplete recovery
4 July 2018
Brazil's state oil company has taken major strides forward, but further progress and support from the next government are needed