Also known as: AFC
Development finance institution partnering with Dangote Industries and Kenya on the proposed East Africa Refinery in Lamu.
Verbatim sentences from the source article.
The Standard
… Ruto is expected to co-chair roundtables hosted by the Africa Finance Corporation (AFC) and Global Africa Business Initiative (GABI), alongside industrialist Aliko Dangote.A key focus will be the planned Sh2.2 trillion East Africa Refinery in Lamu, which the government says will …
Ruto leaves for New York ahead of UN General AssemblyCitizen Digital
… Africa currently imports more than 70 percent of its refined fuel and some $230 billion worth of essential goods, including food, plastics, steel, and fertiliser each year, Africa Finance Corporation (AFC) said in a report in April. …
Nigeria's Dangote raises Ksh.323B to expand Africa's largest refineryThe Standard
… The State of Africa’s Infrastructure Report by the Africa Finance Corporation (AFC) notes that by 2040, the continent will be facing an annual shortage of 86 million tonnes of petroleum products. …
Lamu refinery eyes Africa's 86 million tonnes fuel import gapThe Standard
… By comparison, the Africa Finance Corporation (AFC), today one of Africa’s leading infrastructure investment institutions, commenced operations with an initial paid-up capital of approximately US$1 billion before leveraging that capital to mobilise substantially larger pools of i …
How revolutionary National Infrastructure Fund will change KenyaThe Standard
… An analysis by Africa Finance Corporation (AFC) has documented how growth in domestic debt has put the capital markets of economies on the continent in a chokehold. …
How local borrowing is stifling Kenya's infrastructure capital needsCitizen Digital
… REUTERS/Thomas Mukoya/File Photo Audio By Vocalize Kenya has contracted Africa's Trade and Development Bank and Africa Finance Corporation to arrange financing for a $1.2 billion expansion of its main airport in Nairobi, the transport minister said.The East African nation is ai …
Kenya taps TDB, AFC to arrange $1.2 billion airport expansion financeCapital News
… The EU, European Investment Bank, African Development Bank, Africa Finance Corporation, World Bank and the United States are all supporting the initiative in partnership with Angola, Zambia and the DRC. …
Global Gateway Emerges as Europe’s Strategic Alternative to China’s Belt and Road InitiativeCitizen Digital
… ort gap will be worth almost three Dangote refineries by 2040, the AFC said © PIUS UTOMI EKPEI / AFP Audio By Vocalize The Iran war has exposed Africa's vulnerability to fuel chokepoints and is heading for an 86 million tonne fuel shortfall by 2040, the Africa Finance Corporation …
Africa faces 86 million tonne fuel shortfall by 2040: reportPresident William Ruto's engagements at the UN General Assembly have produced investment and job opportunities, including a planned East Africa Refinery groundbreaking in Lamu on September 30 to process 700,000 barrels of crude oil per day, and a $600 million clean cooking investment initiative.
23 September 2026 · Capital News →
President William Ruto's engagements at the UN General Assembly have produced investment and job opportunities, including a planned East Africa Refinery groundbreaking in Lamu on September 30 to process 700,000 barrels of crude oil per day, and a $600 million clean cooking investment initiative.
23 September 2026 · Capital News →
FIFA President Gianni Infantino has proposed an independent external review of FIFA's governance framework and consultations with confederations and member associations to strengthen decision-making, following criticism over a withdrawn private investment plan.
22 September 2026 · Citizen Digital →
President William Ruto called for foundational change in global finance and international governance at the Kenya-European Union Partnership for Multilateralism Summit during the UN General Assembly, stating that Africa has sufficient domestic savings that are not being effectively utilised for development and criticising the selective application of international law.
22 September 2026 · Citizen Digital →
President William Ruto has praised the planned East Africa Refinery in Lamu, saying it will strengthen regional energy security and support industrialisation. Kenya will host the groundbreaking ceremony on September 30, with the refinery being developed in partnership with Dangote Industries and the Africa Finance Corporation.
22 September 2026 · Citizen Digital →
President William Ruto is in New York for the 81st UN General Assembly (September 22–28), promoting Kenya's interests in investment, trade, technology, energy, infrastructure, manufacturing, health, agriculture and artificial intelligence. His programme includes business roundtables aimed at attracting investment, including discussions on the planned Sh2.2 trillion East Africa Refinery in Lamu.
22 September 2026 · Capital News →
President William Ruto met Nigerian billionaire Aliko Dangote in New York to discuss financing and final preparations for the proposed East Africa Refinery in Lamu, estimated at Sh2.2 trillion, with a planned groundbreaking in September 2026. The refinery is planned to have a processing capacity of 700,000 barrels per day and would serve markets across East and Central Africa.
21 September 2026 · Capital News →
President William Ruto is in New York for the 81st United Nations General Assembly, where he aims to advance Kenya's investment and trade agenda across energy, infrastructure, manufacturing, health, agriculture and technology sectors while strengthening Africa's participation in the digital and artificial intelligence economy.
21 September 2026 · Capital News →
President Ruto offered Kenya to rating agencies to assess how African risk is evaluated, saying regulations steer pension savings toward government securities instead of infrastructure, even where rules permit greater investment in projects. Kenyan pension funds hold 46 per cent of their Sh3.2 trillion in government securities but only 0.02 per cent in infrastructure debt, despite regulations allowing up to 10 per cent investment in infrastructure.
21 September 2026 · The Standard →
Kenya's Capital Markets Authority warned investors that the Nigerian Dangote Petroleum Refinery and Petrochemicals IPO has not been submitted for approval under Kenya's regulatory framework. The warning followed President William Ruto's announcement that Kenya is ready to break ground on the proposed East Africa refinery in Lamu.
21 September 2026 · The Standard →
President William Ruto is attending the 81st United Nations General Assembly in New York to promote Kenya's investment agenda across energy, infrastructure, manufacturing, health, agriculture and technology. The government is pushing the proposed Sh2.2 trillion East Africa Refinery in Lamu, expected to create more than 60,000 jobs, with a planned groundbreaking set for September 30, 2026.
20 September 2026 · Capital News →
President William Ruto has departed for New York to attend the 81st United Nations General Assembly, where he will champion increased investment in Africa, artificial intelligence, and reforms to the global financial system. He is expected to advocate for an "Africa-financing-Africa" approach leveraging the continent's over $4 trillion in domestic savings and assets to finance development.
19 September 2026 · Citizen Digital →
UEFA and CONCACAF have called on FIFA President Gianni Infantino to release $2.1 billion from FIFA's reserves to distribute among the global governing body's 211 member associations, with each receiving $10 million over the period 2027-2030.
19 September 2026 · Citizen Digital →
President William Ruto has departed for New York to attend the 81st United Nations General Assembly, where he will push Kenya's investment agenda and advocate for increased financing for Africa, focusing on partnerships in energy, infrastructure, manufacturing, health, agriculture and technology. He will also advance Kenya's agenda on artificial intelligence and Africa's participation in the global digital economy.
19 September 2026 · The Standard →
Italy's national football federation withdrew its support for FIFA president Gianni Infantino over his failed attempt to sell off stakes in the World Cup, joining other European associations in scrapping their backing ahead of his re-election bid at next year's FIFA Congress.
26 August 2026 · Citizen Digital →
UEFA President Aleksander Ceferin has ruled himself out of contention to replace FIFA President Gianni Infantino, while warning that Infantino must quit or face a leadership challenge. Infantino has faced mounting pressure to step down over his now-abandoned plan to secure private investment in FIFA tournaments, with UEFA and other continental federations withdrawing support.
24 August 2026 · Citizen Digital →
UEFA chief Aleksander Ceferin has said he is not interested in replacing FIFA President Gianni Infantino, but warned that Infantino must either quit or face a leadership challenge in March over his abandoned plan to secure private investment in FIFA tournaments. UEFA has threatened to boycott FIFA competitions and several federations have withdrawn support for Infantino.
24 August 2026 · The Standard →
A FIFA vice-president from Hungary has withdrawn his support from FIFA president Gianni Infantino, citing the "unexpected dismissal" of Kevin Lamour, the chief operating officer who had publicly criticised Infantino's plan for private investment in World Cups.
19 August 2026 · Citizen Digital →
CAF president Patrice Motsepe says FIFA president Gianni Infantino's future should be decided by elections, after Ireland joined European, North American, and Asian football bodies in withdrawing support over his failed plan to sell World Cup stakes to private investors.
13 August 2026 · Citizen Digital →
FIFA president Gianni Infantino has lost the confidence of UEFA after his plan to allow private investment in the World Cup was withdrawn following global backlash. Despite support from US President Donald Trump and withdrawing the controversial proposal, Infantino's position remains precarious as three confederations have criticized his style of leadership.
11 August 2026 · Citizen Digital →
US President Donald Trump said on Monday it would be "a terrible mistake" to replace FIFA president Gianni Infantino, who is facing criticism from three continental confederations over deception and failed efforts to privatize parts of the World Cup.
11 August 2026 · Citizen Digital →
US President Donald Trump said Monday it would be "a terrible mistake" to replace FIFA President Gianni Infantino, who faced criticism from UEFA, CONCACAF and AFC over a failed plan to sell World Cup broadcasting rights to private investors.
11 August 2026 · The Standard →
The football federations of the United States and Canada, two of the 2026 World Cup hosts, backed a statement from three confederations criticising FIFA president Gianni Infantino and calling for meaningful change to strengthen FIFA's governance, transparency and accountability.
10 August 2026 · Citizen Digital →
FIFA president Gianni Infantino withdrew his plan to raise private investment for a new commercial subsidiary to run World Cup operations after global backlash. UEFA, CONCACAF, and AFC released an open letter criticizing his leadership style, despite calls for unity.
10 August 2026 · Citizen Digital →
FIFA president Gianni Infantino faced a joint letter from UEFA, CONCACAF, and AFC declaring that football "belongs to no individual," following his withdrawal of a plan to allow private investment in World Cup competitions after global backlash.
10 August 2026 · Citizen Digital →
Three continental football confederations issued a joint letter accusing FIFA president Gianni Infantino of placing himself above the collective after his failed attempt to bring private investment into World Cup competitions. The confederations wrote that "leadership in football is not a possession" and that "when trust is broken through deception," the duty of leadership has been abandoned.
10 August 2026 · The Standard →
UEFA said Thursday it would boycott the World Cup if FIFA proceeds with private investor proposals, stating that no UEFA national teams will participate in any FIFA competition unless the proposal is abandoned and FIFA gives binding assurances it will never open governance or competitions to private ownership.
31 July 2026 · Citizen Digital →
Nigeria's Dangote mega-refinery, Africa's largest at 650,000 barrels-per-day capacity, has secured $2.5 billion in private equity investment to fund expansion into east Africa. The investment, believed to be the largest publicly disclosed private investment in Africa, precedes a planned initial public offering later in the year.
24 July 2026 · Citizen Digital →
Africa's petroleum product demand is expected to grow 56 per cent by 2040, leaving the continent facing an annual shortage of 86 million tonnes of refined fuels, according to the Africa Finance Corporation's State of Africa's Infrastructure Report. The planned Lamu refinery is positioned to help bridge this supply gap.
20 July 2026 · The Standard →
Kenya has established the National Infrastructure Fund with approximately Sh347 billion capitalised from partial privatisation of Safaricom and Kenya Pipeline Company, positioning it as one of Africa's largest pools of development capital. The Fund aims to mobilise long-term equity capital and systematically develop nationally significant infrastructure through commercially viable enterprises.
13 July 2026 · The Standard →
An analysis by Africa Finance Corporation shows that Kenya's uncontrolled appetite for domestic borrowing is hampering the government's ability to source funds for infrastructure projects, as growth in domestic debt has constrained the capital markets.
6 July 2026 · The Standard →