Africa Finance Corporation

EQS-News: Pecan Energies, operator of Deepwater Tano/Cape Three Points (DWT/CTP) block, completes rebranding, committing to unlock prosperity for Ghana and beyond

Retrieved on: 
Wednesday, March 13, 2024
Acquisition, DWT, Natural Resources, AFC, Africa Finance Corporation, Growth, Empowerment, Print on demand, Human, FID, Energy, Truffle

Pecan Energies, operator of Deepwater Tano/Cape Three Points (DWT/CTP) block, completes rebranding, committing to unlock prosperity for Ghana and beyond

Key Points: 
  • Pecan Energies, operator of Deepwater Tano/Cape Three Points (DWT/CTP) block, completes rebranding, committing to unlock prosperity for Ghana and beyond
    The issuer is solely responsible for the content of this announcement.
  • Pecan Energies ( www.PecanEnergies.com ), the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana is thrilled to announce the successful completion of its rebranding journey.
  • Africa Finance Corporation (AFC) acquired Pecan Energies in April 2023, laying the foundations for a new brand identity.
  • “Pecan Energies represents our ambition to become the Pan-African oil and gas operator of choice in offshore deep waters of Ghana.

Third Africa House Summit Powered by Ubuntu Tribe Set to Illuminate Davos Alongside the World Economic Forum Annual Meeting

Retrieved on: 
Tuesday, January 16, 2024
Entrepreneurship, Philosophy, House, Music, Heart, Sustainability, Food, Natural Resources, Africa Finance Corporation, Investment, Fireside chats, CNBC Africa, RSVP, Ubuntu, Africa House

DAVOS, Switzerland, Jan. 16, 2024 /PRNewswire/ -- The world is set to witness another impressive convergence of hearts and minds at the upcoming third Africa House Summit, followed by its phenomenal Africa Night. Scheduled to take place in Davos on Wednesday, January 17, 2024, from 19:00 to 02:00 at the House of Trust Promenade 40, 7270 Davos. At the World Economic Forum's Annual Meeting in Davos, over 2000 participants, including world leaders, assemble to tackle pressing global issues.

Key Points: 
  • Scheduled to take place in Davos on Wednesday, January 17, 2024, from 19:00 to 02:00 at the House of Trust Promenade 40, 7270 Davos.
  • At the World Economic Forum's Annual Meeting in Davos, over 2000 participants, including world leaders, assemble to tackle pressing global issues.
  • Powered by Ubuntu Tribe and sponsored by the World Indigenous Forum (WIF), CNBC Africa, Forbes Africa, B1 and yeswetrust—the Africa House Summit is a premier event that promises to bring together the best and the brightest minds in deep, impactful conversations about Investments in Africa, Leapfrog Technology, Sustainability & Inclusion, and Creative Industries Africa.
  • "This will be our third Africa House Davos Summit, which demonstrates our ongoing commitment to challenging and dispelling myths that impact Africa on the global stage.

Third Africa House Summit Powered by Ubuntu Tribe Set to Illuminate Davos Alongside the World Economic Forum Annual Meeting

Retrieved on: 
Tuesday, January 16, 2024
Entrepreneurship, Philosophy, House, Music, Heart, Sustainability, Food, Natural Resources, Africa Finance Corporation, Investment, Fireside chats, CNBC Africa, RSVP, Ubuntu, Africa House

DAVOS, Switzerland, Jan. 16, 2024 /PRNewswire/ -- The world is set to witness another impressive convergence of hearts and minds at the upcoming third Africa House Summit, followed by its phenomenal Africa Night. Scheduled to take place in Davos on Wednesday, January 17, 2024, from 19:00 to 02:00 at the House of Trust Promenade 40, 7270 Davos. At the World Economic Forum's Annual Meeting in Davos, over 2000 participants, including world leaders, assemble to tackle pressing global issues.

Key Points: 
  • Scheduled to take place in Davos on Wednesday, January 17, 2024, from 19:00 to 02:00 at the House of Trust Promenade 40, 7270 Davos.
  • At the World Economic Forum's Annual Meeting in Davos, over 2000 participants, including world leaders, assemble to tackle pressing global issues.
  • Powered by Ubuntu Tribe and sponsored by the World Indigenous Forum (WIF), CNBC Africa, Forbes Africa, B1 and yeswetrust—the Africa House Summit is a premier event that promises to bring together the best and the brightest minds in deep, impactful conversations about Investments in Africa, Leapfrog Technology, Sustainability & Inclusion, and Creative Industries Africa.
  • "This will be our third Africa House Davos Summit, which demonstrates our ongoing commitment to challenging and dispelling myths that impact Africa on the global stage.

His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Majesty King Charles III Open Inaugural Business & Philanthropy Climate Forum

Retrieved on: 
Friday, December 1, 2023
Sustainable development, Food and Agriculture Organization, UN, OECD, Conference, Business, COP, Government, Asian Infrastructure Investment Bank, Irish Agricultural Organisation Society, Organization, Food, Islamic Development Bank, Climate, Asian Development Bank, Africa Finance Corporation, Partnership, XPRIZE, ADB, Forum, WEF, COP27, International Finance Corporation, WBCSD, International Civil Aviation Organization, World Trade Organization, African Development Bank, Biodiversity, International Telecommunication Union, Majesty, COP26, COP28, International Monetary Fund, Economy, Private sector, SDG, Windows Media Player, UNFCCC, Caribbean Development Bank, World Economic Forum, Renewable energy, Cryptocurrency, Asset management, Tourism, Development

DUBAI, United Arab Emirates, Dec. 1, 2023 /PRNewswire/ -- For the first time at the United Nations Framework Convention on Climate Change's (UNFCCC) Conference of the Parties (COP), the COP28 Presidency of the United Arab Emirates has launched the inaugural COP28 Business and Philanthropy Climate Forum, convening more than 1,000 CEOs and philanthropists from over 80 countries. The Forum is being held alongside the World Climate Action Summit.

Key Points: 
  • The Forum launched on November 30 with a high-level reception, which was hosted by the COP28 Presidency and the Sustainable Markets Initiative, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Majesty King Charles III.
  • With the objective of moving beyond commitments, the COP28 Business and Philanthropy Climate Forum will showcase global industry-by-industry delivery together with opportunities to accelerate, replicate, and scale, particularly in the Global South.
  • Private sector actors will join heads of state and government to focus on showcasing private sector progress and joint delivery.
  • To deliver, the COP28 Business and Philanthropy Climate Forum commits to:
    Supporting an annual Business and Philanthropy Climate Forum alongside the world leaders' summit at every UNFCCC COP until at least 2030.

His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Majesty King Charles III Open Inaugural Business & Philanthropy Climate Forum

Retrieved on: 
Friday, December 1, 2023
Sustainable development, Food and Agriculture Organization, UN, OECD, Conference, Business, COP, Government, Asian Infrastructure Investment Bank, Irish Agricultural Organisation Society, Organization, Food, Islamic Development Bank, Climate, Asian Development Bank, Africa Finance Corporation, Partnership, XPRIZE, ADB, Forum, WEF, COP27, International Finance Corporation, WBCSD, International Civil Aviation Organization, World Trade Organization, African Development Bank, Biodiversity, International Telecommunication Union, Majesty, COP26, COP28, International Monetary Fund, Economy, Private sector, SDG, Windows Media Player, UNFCCC, Caribbean Development Bank, World Economic Forum, Renewable energy, Cryptocurrency, Asset management, Tourism, Development

DUBAI, United Arab Emirates, Dec. 1, 2023 /PRNewswire/ -- For the first time at the United Nations Framework Convention on Climate Change's (UNFCCC) Conference of the Parties (COP), the COP28 Presidency of the United Arab Emirates has launched the inaugural COP28 Business and Philanthropy Climate Forum, convening more than 1,000 CEOs and philanthropists from over 80 countries. The Forum is being held alongside the World Climate Action Summit.

Key Points: 
  • The Forum launched on November 30 with a high-level reception, which was hosted by the COP28 Presidency and the Sustainable Markets Initiative, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Majesty King Charles III.
  • With the objective of moving beyond commitments, the COP28 Business and Philanthropy Climate Forum will showcase global industry-by-industry delivery together with opportunities to accelerate, replicate, and scale, particularly in the Global South.
  • Private sector actors will join heads of state and government to focus on showcasing private sector progress and joint delivery.
  • To deliver, the COP28 Business and Philanthropy Climate Forum commits to:
    Supporting an annual Business and Philanthropy Climate Forum alongside the world leaders' summit at every UNFCCC COP until at least 2030.

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023
COP28, Global North and Global South, Africa Finance Corporation, ABU, World Economic Forum, Bill, Interview, Private sector, Partnership, SMI, USD, ADB, Asian Development Bank, Forum, Human, Organisation for Economic Co-operation and Development controversy, Organization, Economy, Expo 2020, GAEA, World Bank Group, OECD, Heart, International Finance Corporation, Conference, Plastics News Global Group, XPRIZE, COP, Bill & Melinda Gates Foundation, Paris Agreement, Cop, Climate change, Policy, Biodiversity, AFC, Climate, Multimedia, Nature, Environment, Public sector, Business, Global stocktake, WEF, Asset management, Renewable energy, Industrial design, Drug, Development, Pacific Ocean

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023
COP28, Global North and Global South, Africa Finance Corporation, ABU, World Economic Forum, Bill, Interview, Private sector, Partnership, SMI, USD, ADB, Asian Development Bank, Forum, Human, Organisation for Economic Co-operation and Development controversy, Organization, Economy, Expo 2020, GAEA, World Bank Group, OECD, Heart, International Finance Corporation, Conference, Plastics News Global Group, XPRIZE, COP, Bill & Melinda Gates Foundation, Paris Agreement, Cop, Climate change, Policy, Biodiversity, AFC, Climate, Nature, Environment, Public sector, Business, Global stocktake, WEF, Asset management, Renewable energy, Industrial design, Drug, Development, Pacific Ocean

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility

Retrieved on: 
Thursday, July 13, 2023
Workforce, IDC, Insurance, AU, Partnership, AFC, GCR, Telecommunications, Sonangol Group, African, Africa Finance Corporation, Castle Grande, FEDA, African Continental Free Trade Area, Carbon, Natural Resources, Kerala State Industrial Development Corporation, Angolan, Finance Secretary (India), BBB, Investment, Economic development, African Union, Japan Credit Rating Agency, FCA, European Globalisation Adjustment Fund for Displaced Workers, GHL, Bank, Credit, Greenhouse, JCR, BFA, Oil, Renewable energy, African Export–Import Bank, Fitch

LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 13, 2023 (GLOBE NEWSWIRE) -- Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to announce the financial close of the Cabinda Oil Refinery in Angola.

Key Points: 
  • LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 13, 2023 (GLOBE NEWSWIRE) -- Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to announce the financial close of the Cabinda Oil Refinery in Angola.
  • Other lenders also contributing to the project financing facility include The Industrial Development Corporation (IDC) of South Africa, The Arab Bank for the Economic Development in Africa (BADEA) and Banco de Fomento Angola (BFA).
  • Gemcorp Chief Executive Officer, Atanas Bostandjiev said, “We are extremely excited to be making this investment in the Cabinda Oil Refinery.
  • Africa Finance Corporation (AFC) was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa.

Eurasian Development Bank Successfully Hosts 46th ADFIAP Summit, Highlighting Central Asia's Growing Global Significance

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Monday, May 29, 2023
Banking, Professional Services, Environmental, Social and Governance (ESG), Finance, Financial Oversight and Management Board for Puerto Rico, Innovative financing, Tourism, Metallurgy, TRT, International financial institutions, Africa Finance Corporation, Bne IntelliNews, LBP, Development, Republic, FONPLATA, Annual Meetings of the International Monetary Fund and the World Bank Group, Division, Agriculture, EDB, ARDB, Climate, Transport, Anadolu Agency, Philippines, BNE, Land bank, Renewable energy, Management

The Eurasian Development Bank (EDB) is pleased to announce the successful hosting of the 46th annual conference of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in Almaty, Kazakhstan.

Key Points: 
  • The Eurasian Development Bank (EDB) is pleased to announce the successful hosting of the 46th annual conference of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in Almaty, Kazakhstan.
  • The event played a pivotal role in highlighting the global significance of the Central Asia region, serving as a key catalyst for fostering international relations and driving advancements in infrastructure development.
  • "The global significance of Central Asia is increasing, and the successful hosting of the 46th ADFIAP Summit by the EDB cements the region's growing prominence.
  • The EDB and FONPLATA plan to co-finance sustainable development projects, facilitate public-private sector collaboration, expand trade, and conduct research on sustainable development and regional development.

EQS-News: The Mauritius Commercial Bank Limited supported Infinity Renewable Energy BV on the acquisition financing for its landmark purchase of Lekela Power, Africa’s largest renewable energy platform

Retrieved on: 
Friday, March 24, 2023
LLP, AFC, Reconstruction, Mauritius Commercial Bank, Infinity Power Chutes, Electricity, Africa Finance Corporation, Lekela Power, MCB, Carbon, EBRD, Acquisition, Bracewell, MLA, COP27, Infinity, International Bank for Reconstruction and Development, European Central Bank, Renewable energy, African

The Mauritius Commercial Bank Limited supported Infinity Renewable Energy BV on the acquisition financing for its landmark purchase of Lekela Power, Africa’s largest renewable energy platform

Key Points: 
  • The Mauritius Commercial Bank Limited supported Infinity Renewable Energy BV on the acquisition financing for its landmark purchase of Lekela Power, Africa’s largest renewable energy platform
    The issuer is solely responsible for the content of this announcement.
  • The Mauritius Commercial Bank Limited supported Infinity Renewable Energy BV on the acquisition financing for its landmark purchase of Lekela Power, Africa’s largest renewable energy platform
    The Mauritius Commercial Bank Limited (“MCB”) ( www.MCB.mu ) is pleased to announce that it has acted as joint Mandated Lead Arranger (MLA) in relation to an initial senior loan facility to support Infinity Power on its acquisition of Lekela Power.
  • The transaction makes Infinity Power the largest renewable energy company on the African continent.
  • Established in 2015, Lekela Power was a joint venture between Actis (60%) and Mainstream Renewable Power Africa Holdings (40%).