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Africa Finance Corporation (AFC) has appointed Fola Fagbule as Director and Head of its Nairobi Regional Office, underscoring the institution’s commitment to deepening its presence across East and Central Africa.

In his new role, Fagbule will spearhead AFC’s regional strategy, driving investment opportunities and strengthening partnerships with governments, development partners, institutional investors, and corporate clients. The appointment reflects AFC’s focus on advancing infrastructure development, industrialisation, energy security, digital connectivity, regional integration, and capital mobilisation across the continent.

Fagbule joined AFC in 2009 as an Associate and has been instrumental in its evolution into Africa’s leading infrastructure solutions provider. Since 2017, he has led the corporation’s financial advisory services, originating, structuring, and executing transactions worth more than $12 billion. His project finance expertise spans power, transport, telecommunications, oil and gas, mining, heavy industry, technology, and financial services. He has advised governments, sovereign wealth funds, development finance institutions, pension funds, and corporate sponsors on complex transactions. Beyond finance, he is co-author of Formation: The Making of Nigeria from Jihad to Amalgamation (2020), reflecting his interest in the historical and economic forces shaping African development.

Samaila Zubairu, AFC’s President and CEO, highlighted the strategic importance of the appointment: “East and Central Africa is home to some of the continent’s most compelling opportunities for economic transformation. This appointment reflects both the region’s importance to AFC’s future growth and our longstanding commitment to developing leaders from within the corporation.”

As Regional Director, Fagbule will oversee efforts to expand AFC’s investment pipeline, enhance project development, and accelerate the mobilisation of long-term capital into strategic infrastructure and industrial assets.

Recent AFC initiatives in the region include equity investment in the Dhamana Guarantee Company, support for the expansion of Dangote Group’s fertiliser and refining operations, and backing for the proposed expansion of Jomo Kenyatta International Airport.