AFC Commits $100m to Domesticate Africa’s Digital Economy Funding

AFC commits $100m to domesticate Africa’s digital economy funding

The Africa Finance Corporation (AFC), yesterday, said its board has approved a commitment of $100 million to invest in Africa

AFC Moves Deeper Into African Tech Funding

A new pool of institutional money is being directed toward African technology investors after Africa Finance Corporation approved a commitment worth as much as $100 million for venture and growth-stage funds operating across the continent. The financing programme is aimed at increasing the amount of long-duration capital available to technology businesses as digital adoption deepens … The post AFC Is Putting $100 Million Behind Africa’s Growing …

AFC Commits USD 100 M To Africa-Focused VC Funds, Backs Future Africa & Lightrock Africa

Africa Finance Corporation (AFC) has approved a USD 100 M commitment to Africa-focused technology fund managers to accelerate the continent’s digital industrialisation and increase local institutional participation in venture capital. Founded in 2007 and headquartered in Lagos, AFC will deploy capital into African-owned and Africa-focused VC funds spanning early-stage to growth-stage investing. Initial anchor commitments have been made to Lightr…

Africa Finance Corporation US$100 Million to accelerate Africa’s Digital Industrialisation

Sierra Leone Telegraph: 19 May 2026: Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers. The launch comes at a pivotal moment for Africa. The continent’s digital economy is projected to contribute over US$700 billion to GDP by 2050, driven by a fast-growing, digitally conne…

Why is the AFC supporting Africa centric tech fund managers with $100m?

The board of the Africa Finance Corporation (AFC) approved a commitment of up to $100 million to invest in Africa-focused technology fund managers. The $100 million investment is roughly 10% of the AFC’s annual estimated revenue, a significant portion of it. The commitment is aimed at tech fund managers with a strong interest in the African Tech ecosystem. This will fuel the infrastructure needed to meet Africa’s growing digital demand while pro…

AFC Approves Funding for Africa-Focused Technology Initiatives

Quick Summary: AFC Approves Funding for Africa-Focused Technology Initiatives Africa Finance Corporation approved a $100 million commitment to support Africa-focused technology fund managers, emphasizing African-owned managers. The first $40 million is allocated to Future Africa and LightRock Africa, with $60 million reserved for future commitments. AFC aims to attract an additional $300 million to $500 million from external investors like foun…