/Investor DB

Africa Finance Corporation

Government fund

Lagos · Growth · 28 people tracked

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Investment thesis

AFC positions itself as a multilateral finance institution and fund manager focused on closing Africa's infrastructure gap through 'instrumental infrastructure.' It deploys capital across the full project life cycle — from concept and development through construction and operations — in sectors such as energy and the energy transition, mining and metals, transport and intra-Africa trade, and climate-resilient infrastructure. Its model emphasizes derisking projects, mobilizing third-party capital, and delivering risk-adjusted returns for shareholders and development partners while pursuing developmental impact. AFC champions Africa's industrialization, beneficiation of resources, a fair energy transition, and realization of the AfCFTA, acting as a bridge connecting investors and governments to bankable African projects.

Source: firm website, verified Oct 25, 2026.

Stage
Growth
HQ
Lagos, NG
Instruments
Equity · Debt
Founded
2007
Tracked investments
3

Team · 28 people

from the firm's website & curated
Samaila Zubairu· President & Chief Executive Officer

President & CEO of AFC since 2018, he has overseen a major period of growth, expanding membership and assets and leading landmark infrastructure transactions. A former pioneer CFO of Dangote Cement, he is a Fellow of the Institute of Chartered Accountants of Nigeria and an Eisenhower Fellow.

Ayaan Adam· Senior Director and CEO of AFC Capital Partnersin

Senior Director and CEO of AFC Capital Partners with 27 years of experience in emerging markets investment, asset management, private equity, infrastructure and climate finance, focused on African and Asian markets.

Banji Fehintola· Executive Director and Head of Financial Servicesin

An Executive Board Member and Head of Financial Services at AFC overseeing treasury, financial institutions, syndications and capital mobilization. He joined AFC in 2008 as its pioneer Treasurer and is a chartered accountant and CFA charterholder.

Sameh Shenouda· Executive Director and Chief Investment Officerin

AFC's Executive Director and Chief Investment Officer with over 27 years in infrastructure investments and project development, he leads origination, execution and portfolio management. He previously led Zarou and headed infrastructure at CDC Group (now BII).

Suhani Doshi· Senior Director and Chief Executive Officer AFC Capital Partnersin

Suhani Doshi is Vice President of Investment at Mela Ventures, where she is part of the investments team. Her focus areas include B2B sectors such as enterprise technology, B2B payments, fintech, insuretech, defence, and deeptech.

Pascal Gähweiler· Executive Director & Chief Investment Officerin
Ali Güney· Board Director

CEO and Board member of Türk Eximbank with over three decades of expertise in finance and treasury management across prominent Turkish financial institutions.

Anthony A. Ogunranti· Board Director

An Executive Director at Zenith Bank Plc with over 30 years in banking and finance across Nigeria and Ghana, he previously served as MD/CEO of Zenith Bank Ghana.

Ayotunde Anjorin· Senior Director & Chief Financial Officerin

Senior Director and Chief Financial Officer at AFC.

Beatrice Hamza Bassey· Independent Non-Executive Director

A legal professional and corporate executive, formerly Group General Counsel and Chief Compliance Officer at Atlas Mara, she serves as an Independent Non-Executive Director on AFC's board with expertise in corporate governance and compliance.

Bolaji Jubril Lawal· Board Director

MD/CEO of Ecobank Nigeria Limited with over 28 years in digital and retail banking, corporate and commercial banking, and credit risk management, previously serving in senior roles at GT Bank. Appointed to the AFC Board in April 2022.

David Johnson· Senior Director & Chief Risk Officerin

Chief Risk Officer at AFC since 2016, having joined in 2011 as Vice President of Market Risk Management, he has led reviews of the firm's risk management policies.

Farouk M. Mujtaba· Board Member

Director of Reserve Management at the Central Bank of Nigeria with over two decades in reserve management, strategy and economic policy.

Hassan El-Sayed Abdalla· Governor of the Central Bank of Egypt

Governor of the Central Bank of Egypt since 2022 and Chairman of UBAF, he has over four decades of banking experience, including as Vice Chairman and Managing Director of Arab African International Bank, and founded Panther Associates.

Henry Paul Batchi Baldeh· Board Director

An investment banker and infrastructure specialist with over 33 years of experience across the power value chain, he is currently Director of Power Systems Development at the African Development Bank and previously led AFC's power business.

Ingrid van Wees· Independent Non-Executive Director

A finance and risk management professional who served as Vice President for Finance and Risk Management at the Asian Development Bank and as a Senior Director at DEG, now an Independent Non-Executive Director on AFC's board.

Ini Ebong· Board Director

Deputy Managing Director of First Bank of Nigeria, he has extensive treasury and international banking experience, having previously worked at Renaissance Securities and Citigroup.

Ireti Samuel-Ogbu· Board Directorin

A business leader with over 36 years in international banking with Citibank, she led Citi's institutional businesses in Nigeria and Ghana before joining AFC's board.

Lamido Abubakar Yuguda· Board Director

Deputy Governor of the Central Bank of Nigeria and former Director-General of Nigeria's Securities and Exchange Commission, with over three decades in central banking, capital market regulation and reserve management. He is a CFA charterholder.

Olayemi Michael Cardoso· Chair, Board of Directors

Governor of the Central Bank of Nigeria since 2023 and Chair of AFC's Board of Directors, he previously chaired Citibank Nigeria and served as Commissioner for Economic Planning and Budget in Lagos State.

Olumuyiwa Akinyemi· Board Director

The immediate past Deputy Managing Director of United Bank for Africa Plc with over three decades in financial services, he held various leadership roles in wholesale and corporate banking across UBA's African geographies.

Patricia Aderibigbe· Human Resources Directorin

Human Resources Director at AFC with over 25 years of leadership in talent management, employee engagement, organization development and operations.

Rita Babihuga-Nsanze· Director & Chief Economist and Head of Research and Strategy

Director, Chief Economist and Head of Research and Strategy at AFC, holding a double honours degree in Computer Science and Economics from Smith College.

Rita Ijeoma Sike· Board Member

Director of the Financial Policy and Regulation Department at the Central Bank of Nigeria, with over two decades in banking, accounting, supervision and financial regulation.

Roosevelt Ogbonna· Board Director

Managing Director/CEO of Access Bank PLC with over 20 years of banking experience across treasury, commercial, corporate and investment banking. He is a chartered accountant and CFA charterholder.

Vivienne Yeda· General Counsel and Corporate Secretary

General Counsel and Corporate Secretary with experience in strategic management, banking, international law and finance.

Yetunde Oni· Board Director

Managing Director/CEO of Union Bank of Nigeria with over 30 years in financial services, previously the first female MD of Standard Chartered Bank Sierra Leone.

Stefan Mueller· Chief Financial Officerin

What they invest in

from 1 of 3 portfolio companies

Cleantech ×1Climate Tech ×1Energy ×1

Investments · 3 tracked

founders shown can be your intro path
Infinity Power Holdingsweareinfinitypower.com✓ verified

Infinity Power is a renewable energy company operating across Africa, backed by infrastructure and development finance institutions.

CleantechClimate TechEnergy

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ARISE Integrated Industrial Platforms (IIP)Pecan Energies

Frequently asked questions

What stage does Africa Finance Corporation invest at?
Africa Finance Corporation invests at the Growth stage.
What sectors does Africa Finance Corporation focus on?
Africa Finance Corporation focuses on Advanced Manufacturing, Cleantech, Climate Tech, Construction Tech, Data & Infrastructure, Energy, Fintech, Impact & Social Good, Logistics & Supply Chain, Mobility & Transportation, New Materials.
Where is Africa Finance Corporation located?
Africa Finance Corporation is headquartered in Lagos, NG.

Media · Podcasts & interviews

featuring the team

Samaila Zubairu advocates finance as a driver of transformation

Africa24 English · Samaila Zubairu

ABF 2026 - Mr. Samaila Zubairu, President and Chief Executive Officer, Africa Finance Corporation

ECA Official Video Channel · Samaila Zubairu

Interview : Samaila Zubairu, President of the Africa Finance Corporation - Nigeria

Africa 24 · Samaila Zubairu

Africa Finance Corporation on investment opportunities in Africa

Samaila Zubairu · cnbc.com

Samaila Zubairu, Africa Finance Corporation | Climate Change, A Challenge For All

Prosper Africa · Samaila Zubairu

AFC President & CEO, Samaila Zubairu, on CNN Connecting ...

Africa Finance Corporation · Samaila Zubairu

Images

Africa Finance Corporation photoAfrica Finance Corporation photoAfrica Finance Corporation photoAfrica Finance Corporation photo

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