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
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
