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 inves
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
