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Zawya
13 hours ago
- Business
- Zawya
Africa Finance Corporation Reports US$50 Billion Gross Domestic Product (GDP) Impact and 7 Million Jobs Created Through Scalable Infrastructure Model
166 projects across 36 countries delivering real-world impact at scale Climate-smart infrastructure avoiding annual 8.8 million tons of CO₂ emissions Africa's largest and fastest-growing renewable energy platform delivers 1.4 GW of clean electricity, and on track to reach 3 GW by 2030 Africa Finance Corporation ( the continent's leading infrastructure solutions provider, has published its annual Development Impact Report, presenting a comprehensive, data-driven account of AFC's cumulative development outcomes across Africa. The report reveals that AFC-backed projects have to date added over US$50 billion to GDP and supported the creation of 7 million jobs across 36 countries. The report also highlights the establishment of the continent's largest and fastest-growing renewable energy platform, Infinity Power, now delivering 1.4GW of clean electricity, and on track to reach 3GW by 2030 – a clear marker of AFC's leadership in Africa's energy transition. 'This report is a record of the tangible, large-scale impact we've always aimed for—driven by disciplined capital, strategic partnerships, and a focus on outcomes that matter,' said Samaila Zubairu, President&CEO of AFC. 'From clean energy to industrial ecosystems and regional rail links, AFC's investments are transforming challenges into opportunities and unlocking Africa's potential at scale.' The report tracks outcomes across 166 projects, drawing from over 250,000 data points validated by a rigorous methodology. AFC's development model, grounded in its Theory of Change, prioritises four pillars: industrialization, energy transition, regional integration, and digital inclusion. Further key cumulative metrics include: US$14 billion in capital mobilised 4.1 million homes connected to electricity 8.8 million tons of CO₂ emissions avoided annually The report also details broad social outcomes, including inclusive employment across gender and age, among significant community-level impacts. For example, AFC investments in Gabon's ARISE Industrial Platform resulted in 42% female workforce participation. Women are employed across manufacturing, services and off-grid energy sectors, advancing gender equity in traditionally male-dominated industries. Digital inclusion initiatives like M-KOPA, a pay-as-you-go mobile and solar energy finance platform, empowered 1.7 million first-time mobile internet users, while investments in providers like MTN and Airtel have connected over 100 million people to mobile and broadband services. AFC's model links strategic project development with exit discipline, crowding in private capital once projects are commercially viable. The report highlights notable investment outcomes, including: Infinity Power/Lekela acquisition – now Africa's largest renewable platform, with large-scale wind and solar operations spanning Egypt, Senegal, and South Africa The Red Sea Power project – setting Djibouti on course to become the first African nation powered entirely by renewable energy Lobito Rail Corridor – linking Angola, DRC and Zambia to shorten export timelines from 45 to 7 days, cut 300,000 tons of CO2 emissions annually, and unlock trade routes for minerals critical to the global energy transition, Takoradi Port exit (Ghana) – a demonstration of transition to private capital, preserving impact and redeploying funds Kamoa-Kakula – the world's lowest-emission copper mine, contributing 6% to DRC's GDP All data is aligned with international benchmarks, including the UN Sustainable Development Goals (SDGs), GIIN IRIS+ and the Joint Impact Model (JIM) As global demand grows for sustainable, high‑yield investments, AFC's blended finance model offers a replicable approach to accelerating Africa's infrastructure development. The report concludes with a call to partners – governments, investors, and development institutions – to collaborate in scaling proven models that drive structural transformation, climate resilience, and inclusive growth. Access the full report here : Distributed by APO Group on behalf of Africa Finance Corporation (AFC). Media Enquiries: Yewande Thorpe Communications Africa Finance Corporation Mobile +234 1 279 9654 Email: About AFC: Africa Finance Corporation (AFC) was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
See - Sada Elbalad
22-07-2025
- Business
- See - Sada Elbalad
Al-Mashat Discusses Efforts to Drive Green Transformation with Africa Finance Corporation and Infinity Power
Yara Sameh H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a meeting with Mr. Mokhtar Abul Ata, Head of Business Development for North Africa at Infinity Power, and Mr. Eli Aluko, Investment Director at AFC Asset Management, Affiliated with the Africa Finance Corporation, to discuss enhancing joint cooperation efforts to promote green transformation and develop sustainable infrastructure in Egypt. The meeting witnessed discussions on the Climate Resilient Infrastructure Fund launched by the Africa Finance Corporation (AFC) in collaboration with the Green Climate Fund (GCF), with the aim of implementing sustainable infrastructure projects and supporting development and climate action priorities, especially in the energy and transportation sectors. Africa Finance Corporation and Infinity Power officials presented the fund's financing structure and the efforts made in recent period to mobilize concessional financing and technical support for various beneficiary countries, as well as its role in providing funding for private sector companies to strengthen their role in developing climate-resilient infrastructure projects. For her part, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, affirmed Egypt's keenness to maximize partnerships with international institutions and climate investment funds to provide more financing for sustainable infrastructure projects, in addition to expanding private sector participation in development. Dr. Al-Mashat highlighted the coordination carried out by the Ministry of Planning, Economic Development, and International Cooperation with various national entities and development partners to put these efforts into practice, explaining that Egypt was selected among seven countries to benefit from the Climate Investment Fund (CIF) program to reduce emissions in the industrial sector under the Climate Investment Fund (CIF), which is the first global concessional financing initiative dedicated to reducing harmful emissions in the industrial sector of developing countries, with a value of $1 billion. H.E. added that selection of Egypt as one of seven countries to benefit from the Climate Investment Fund (CIF) program for emission reduction in the industrial sector confirms the international community's confidence in national strategies and efforts to enhance climate action, noting that the selection represents an important step toward enhancing the competitiveness of the Egyptian economy and attracting more climate investments. H.E. Dr. Rania Al-Mashat directed the technical sectors to strengthen communication with AFC and Infiniti officials in order to identify the details of the new fund and study the necessary steps to enhance the Egyptian private sector's benefit from the financing available through the fund. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
