Improving Governance in Africa
What is the African Financing Partnership?
The African Financing Partnership (AFP) is a collaborative, co-financing platform amongst Development Finance Institutions (DFIs) active
in private sector project financing in Africa. The AFP is a component of the AfDB's mission to help reduce poverty in Africa by mobilizing
resources for private sector development on the continent. The objective of the AFP is to bring together DFI partners with a similar
mission so that further results could be delivered through combined efforts.
An AFP MOU is being signed between the core group of eight DFIs called the AFP Promoting Partners. The MOU endorses improvement in
efficiency across multilateral and bilateral financing institutions, achieving best practices, reducing cost and “doing more with less.” The
partners include:
AfDB
Deutsche Investitions UND Entwicklungsgesellschaft MBH (DEG)
Development Bank of Southern Africa Ltd. (DBSA)
European Investment Bank (EIB)
Industrial Development Corporation of South Africa Ltd. (IDC)
International Finance Corporation (IFC)
Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO)
Société de Promotion et de Participation pour la Coopération Economique S. A. (PROPARCO)
Areas of Focus / Sub-Sectors
Harmonization: creating common best practices and collaboration between DFIs operating in Africa;
Additionality: using DFI capital to leverage private capital for catalyzing greater investments in Africa.
Main sectors of operations
Infrastructure - Power, Transport, Information Communication Technology (ICT) and Water/Sanitation;
Industries - Extractive Industries, Agribusiness and Healthcare; and
Financial Institutions - African DFIs, Banks, Microfinance, Guarantees
Experiences, Challenges, and Ways Forward
With eight anticipated promoting partners taking the lead in two to three AFP projects per year, the partnership is estimated to finance
10 to 20 projects in Africa, which could reach well above USD 10 billion in total financing
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