Africa Finance Corporation
Government fundLagos · 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.
Team · 28 people
from the firm's website & curatedPresident & 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.
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.
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.
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 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.
CEO and Board member of Türk Eximbank with over three decades of expertise in finance and treasury management across prominent Turkish financial institutions.
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.
Senior Director and Chief Financial Officer at AFC.
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.
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.
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.
Director of Reserve Management at the Central Bank of Nigeria with over two decades in reserve management, strategy and economic policy.
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.
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.
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.
Deputy Managing Director of First Bank of Nigeria, he has extensive treasury and international banking experience, having previously worked at Renaissance Securities and Citigroup.
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.
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.
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.
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.
Human Resources Director at AFC with over 25 years of leadership in talent management, employee engagement, organization development and operations.
Director, Chief Economist and Head of Research and Strategy at AFC, holding a double honours degree in Computer Science and Economics from Smith College.
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.
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.
General Counsel and Corporate Secretary with experience in strategic management, banking, international law and finance.
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.
What they invest in
from 1 of 3 portfolio companiesCleantech ×1Climate Tech ×1Energy ×1
Investments · 3 tracked
founders shown can be your intro pathInfinity 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 teamSamaila 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
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