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Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable

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7 months ago

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Moody’s

The decision by Moody’s is pivotal in enabling AFC to sustain one of the lowest borrowing costs among institutions in Africa

LAGOS, Nigeria, October 6, 2025/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade.  Moody’s affirmed this rating with a stable outlook and affirmed AFC’s short-term issuer rating at P-2, underscoring the Corporation’s status as one of the highest-rated investment-grade institutions in Africa.

“Despite elevated country risk in several of AFC’s countries of operation and the low average rating of its shareholder base, the credit profile is supported by a sound liquidity buffer backed by high-quality treasury assets and resilient asset performance, underpinned by effective credit protections that mitigate potential credit risks.,” Moody’s stated in its latest report.

Moody’s A3 rating affirmation reflects AFC’s strict adherence to its prudential guidelines and its robust financial performance. In FY2024, the Corporation delivered its strongest financial results to date, surpassing $1 billion in total revenue and growing total assets by 16.7% to US$14.41 billion. AFC also maintained a Capital Adequacy Ratio of 33.6%, improved its Cost-to-Income Ratio to 17.3% and recorded Liquidity Coverage Ratios (LCR) of 194% and 191% under normal circumstances and a stress scenario, respectively, significantly higher than its 100% threshold.

The decision by Moody’s is pivotal in enabling AFC to sustain one of the lowest borrowing costs among institutions in Africa. This financial strength has, over the past year, allowed the Corporation to mobilise capital for transformational projects across the continent, including the Lobito Corridor railway linking Angola, the Democratic Republic of Congo, and Zambia, where AFC secured a concession agreement in record time, and a US$150 million investment in the Kamoa-Kakula Copper Complex, Africa’s largest and one of the world’s most sustainable copper producers.

Moody’s reaffirmation of our A3/P-2 ratings for the eleventh consecutive year is a strong testament to AFC’s robust financial strength and resilience, even amidst global headwinds

“Moody’s reaffirmation of our A3/P-2 ratings for the eleventh consecutive year is a strong testament to AFC’s robust financial strength and resilience, even amidst global headwinds,” commented Samaila Zubairu, President & CEO of Africa Finance Corporation. “It reinforces our ability to consistently access long-term capital at competitive rates to deliver on our mandate to finance transformational infrastructure projects that integrate Africa and enables its industrialisation,” he added.

“Overall, the corporation’s funding plan aims to diversify funding sources geographically and by instrument (e.g., green bonds, private placements, sukuk) and pursue innovative funding structures to access niche markets at favourable terms, including ESG-linked instruments and hybrid formats,” Moody’s analysts said, commending AFC. “We assess AFC’s quality of funding structure at “a”, indicating the corporation’s demonstrated capacity to borrow at varying maturities and from different sources to help smooth its redemption profile,” they reported. The agency also assessed AFC’s liquid resources buffer at “aaa”, reflecting its conservative liquidity policy and strong high-quality liquidity position relative to peers.

Against a backdrop of global financial uncertainty, AFC continues to demonstrate strong and diversified market access. Recent milestones include the issuance of a US$500 million perpetual hybrid bond, a US$400 million Shariah-compliant Commodity Murabaha, and a landmark US$1.5 billion three-year syndicated loan that was originally launched at US$1.3 billion. This transaction, a milestone in the Corporation’s history, attracted a diverse consortium of new and returning lenders spanning the Middle East, Africa, Asia and Europe. These achievements further highlight global investor confidence in AFC’s strong credit profile and strategic role in Africa’s development.

For the full statement from Moody’s, please click here (https://apo-opa.co/4o1AN6B).

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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11 hours ago

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April 29, 2026

By

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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17 hours ago

on

April 29, 2026

By

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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17 hours ago

on

April 29, 2026

By

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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