AFC Archives

Nigeria, Egypt, Morocco lead Africa’s $95bn remittance inflows

Nigeria, Egypt, and Morocco were the top recipients of the $95 billion in remittances sent to Africa in 2024. This was disclosed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation. The report noted that diaspora remittances have proven more stable than both Foreign Direct Investment and official development assistance. […]

monwubukepdnlimited-com
27th June 2025
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News

AFC to invest $3b in Africa’s mining, trade sectors

Africa Finance Corp. is set to invest over $3 billion across Africa next year, focusing on enhancing the region’s mining and trade sectors. AFC said it plans to prioritize advancing existing infrastructure projects, such as the multimillion-dollar railway linking Zambia’s mines to the Lobito port in Angola. The institution is also seeking to invest in […]

monwubukepdnlimited-com
6th December 2024
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157 Views

News

AFC signs $40m deal with Afreximbank, King’s College Hospital

In order to build the African Medical Centre of Excellence in Abuja, King’s College Hospital and the Africa Finance Corporation inked a $40 million equity investment agreement on Wednesday. According to the Punch, A statement from the infrastructure solutions provider, the AMCE program aims to create the first of many world-class medical centers of excellence […]

bfatoyepdnlimited-com
22nd February 2024
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118 Views

Business

FG, AFC partner on data collection to advance mining

The Federal Government, through the Ministry of Solid Minerals Development, has collaborated with the Africa Finance Corporation on data collection to de-risk mining investment. The Punch reported that the alliance has been designed to reposition and clean up the solid minerals industry. The Minister for Solid Minerals, Dr. Oladele Alake, said this during the visit of the President/CEO […]

bfatoyepdnlimited-com
6th October 2023
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105 Views

NNPC, Chevron complete Awodi-07 appraisal, exploration well

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Tag: AFC

Nigeria, Egypt, Morocco lead Africa’s $95bn remittance inflows

AFC to invest $3b in Africa’s mining, trade sectors

AFC signs $40m deal with Afreximbank, King’s College Hospital

FG, AFC partner on data collection to advance mining

Rewane declares naira undervalued by 11%

Microsoft deploys new AI chip to boost efficiency.

Toyin Abraham’s ‘Oversabi Aunty’ movie crosses ₦1bn at.

EU probes X platform after Grok generates explicit.

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