African Finance Corporation

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"AFC’s mission is to help address Africa’s infrastructure development needs while seeking a competitive return on capital for its shareholders. Since it began operations in 2007, AFC has created the building blocks with which to achieve this objective. It has raised US$1.1 billion in fully paid-in equity capital. Its shareholding base is private sector majority owned (57.5 percent). AFC is driven by a diverse team of experienced f professionals from investment banking, engineering and other backgrounds.

"As Chairman, Mr. Bayo Ogunlesi, an internationally renowned investment banker, heads a strong board of directors, for whom good corporate governance is key. The corporation has a robust and growing pipeline of projects and transactions. By the end of 2009, AFC had registered US$200 million in approved transactions across all sectors and asset classes. The corporation enjoys established relationships with leading global and Africa-focused investors."[1]

Management Team

The Africa Corporation management team is made up of dedicated team of tested industry professionals and experienced managers committed to providing world class standards.


Accessed November 2011: [2]



  • Aigboje Aig-Imoukhuede - Group Managing Director, Access Bank Plc, Representing Access Bank Plc
  • Adebayo Ogunlesi - Chairman and Managing Partner, Global Infrastructure Partners
  • Mahmoud Lai Alabi - Group Managing Director, Intercontinental Bank Plc, Representing Intercontinental Bank Plc
  • Tunde Lemo - Deputy Governor, Operations, Central Bank of Nigeria, Representing Central Bank of Nigeria
  • John O. Aboh - Group Managing Director, Oceanic Bank International Plc, Representing Oceanic Bank International Plc
  • Funke I. Osibodu - Group Managing Director, Union Bank of Nigeria Plc, Representing Union Bank of Nigeria Plc
  • Aliyu Dikko - Managing Director, Premium Pension Limited, Representing Central Bank of Nigeria
  • Udom Emmanuel - Group Executive Director, Zenith Bank Plc, Representing Zenith Bank Plc
  • Tony Elumelu - Chairman Heirs Holdings Limited , Representing United Bank for Africa Plc
  • Lewis Tung - Group Managing Director, WEMPCO Group, Representing WEMPCO Group
  • Bisi Onasanya - Group Managing Director/CEO, Representing First Bank of Nigeria Plc
  • Robert Tung - Director, Gloria Investments Limited, Representing Gloria Investments Limited



Resources and articles

Related Sourcewatch


  1. About, African Finance Corporation, accessed November 27, 2011.
  2. People, African Finance Corporation, accessed November 27, 2011.