AFC (Africa Finance Corporation): Champion of Strategic Economic Growth Financing Africa 2026

AFC merits recognition for converting a complex mandate into disciplined, measurable delivery, pairing catalytic intent with bank-grade execution. The 2024 performance evidences strategic clarity: total revenue rose 22.8 percent to $1.1bn, profit increased 19.5 percent to $393.9m, and total assets expanded 16.7 percent to $14.41bn, while cost-to-income improved to 17.3 percent and liquidity coverage strengthened to 194 percent, signalling resilient funding and tight operational control. Equity growth to $3.9bn, alongside a 33.6 percent capital adequacy ratio, demonstrates prudent balance-sheet stewardship and capacity to underwrite larger, longer-dated development risk without compromising solvency. The judging panel also credits AFC’s capital recycling and crowding-in capability, illustrated by its partial exit from ARISE IIP within a $700m transaction that brought in Vision Invest as a new institutional shareholder; this is a concrete proof-point of de-risking, governance credibility, and the ability to mobilise third-party capital at scale beyond traditional sources. Importantly, AFC reinforces market confidence through transparent thought leadership, including its State of Africa’s Infrastructure Report 2025, which reframes the financing debate around over $1.1trn of domestic capital, strengthening policy dialogue and investability. Governance discipline is further reflected in consistent profitability, conservative liquidity buffers, and a clear appetite for partnerships that align incentives and improve project bankability. Taken together, AFC shows rare coherence across strategy, risk management, and outcomes, with repeatable mechanisms for accelerating continent-wide growth corridors. The Capital Finance International (CFI.co) Judging Panel congratulates AFC (Africa Finance Corporation) on winning the Champion of Strategic Economic Growth Financing 2026 Award (Africa).