Africa Finance Company (AFC) (www.AfricaFC.org), the continent’s main infrastructure options supplier, in the present day introduced that it has acquired a brand new fairness funding from Rawbank, one of many Democratic Republic of Congo’s (DRC) main banking and monetary establishments. This fairness injection is aligned with AFC’s technique to mobilize African capital and diversify its capital base and underpins the Company’s mission to ship pragmatic options to Africa’s vital infrastructure and industrialization necessities.
For nearly twenty years, AFC has been dedicated to driving Africa’s financial transformation and sustainable growth, and these milestone fairness investments not solely strengthen the Company’s capital base however broaden its attain and influence throughout the continent. Rawbank’s fairness funding follows the DRC Authorities’s capital injection into AFC in 2022, reflecting the Company’s rising footprint in Central Africa.
AFC has mobilised over US$200 million in investments in DRC throughout its key sectors of pure assets, energy, transport, and heavy industries, holding an funding pipeline of over US$850 million within the near- to-medium time period. The Company’s most up-to-date transformational investments in-country embody the joint growth of a 200MW Photo voltaic farm alongside Sky Energy World; main the event of the Lobito Hall connecting the DRC and Zambia with international markets by way of Angola; and the joint growth of a mass transit in Kinshasa to enhance mobility throughout the DRC with Trans Connexion Congo (TCC).
Mustafa Rawji, CEO of Rawbank commented, “Rawbank’s funding in AFC is an important step for our financial institution and for the Democratic Republic of Congo as an entire. It is a vital step for us as our first fairness funding in a multilateral monetary establishment, and we’re assured that it’s going to strengthen our financial institution’s monetary capabilities, enabling us to finance large-scale tasks that may remodel the DRC’s financial panorama. We’re proud to be related to an establishment that shares our imaginative and prescient of development and sustainability.”
“With our shared ardour to raise Africa’s instrumental function as an engine of world development, I’m happy to welcome Rawbank as our latest fairness shareholder,” stated Samaila Zubairu, President&CEO of AFC. “It’s important for African establishments to play a catalytic function as brokers of transformation on the continent and these fairness investments help AFC’s dedication to catalysing financial development, worth accretion, and industrial growth in Africa.”
AFC has a various fairness investor base that features African Sovereigns, Pension Funds and Insurance coverage corporations amongst others, who all play a important function in mobilizing the capital urgently wanted for the continent’s growth. Final 12 months, AFC’s member states Côte d’Ivoire, Benin and Botswana all grew to become shareholders alongside fairness investments from African institutional traders together with Caisse Nationale de Prévoyance Sociale (CNPS), Cameroon’s public pension fund and SBM Capital Market Securities Ltd., a number one investment-grade monetary establishment in Mauritius. Different shareholders embody Egypt, Sierra Leone and Seychelles whereas the Republic of Turkey, by way of the Turk Exim Financial institution, grew to become AFC’s first non-regional shareholder in 2023.
Distributed by APO Group on behalf of Africa Finance Company (AFC).
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Company
Cell : +234 1 279 9654
E-mail : yewande.thorpe@africafc.org
About Rawbank:
For over 22 years, Rawbank has been on the forefront of financial growth within the Democratic Republic of Congo, providing trendy monetary services to over 500,000 shoppers throughout a community of 100 branches in 19 provinces. With a presence in key areas together with Grand Katanga, Grand Kasaï, the 2 Kivus, Equateur, and Kongo Central, and a illustration workplace in Brussels, Rawbank operates over 300 ATMs. The financial institution’s dedication to solidity, profitability, and sustainability has earned it quite a few accolades, together with the African Bankers Award for the very best regional financial institution in Central Africa in 2022 and 2024, a Moody’s ranking of CAA 1, and ISO/IEC certifications.
About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments throughout Africa. AFC’s method combines specialist trade experience with a give attention to monetary and technical advisory, undertaking structuring, undertaking growth, and threat capital to deal with Africa’s infrastructure growth wants and drive sustainable financial development.
Seventeen years on, AFC has developed a monitor document because the associate of selection in Africa for investing and delivering on instrumental, high-quality infrastructure property that present important companies within the core infrastructure sectors of energy, pure assets, heavy trade, transport, and telecommunications. AFC has 43 member nations and has invested US$13 billion throughout Africa since inception.