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
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
