Africa Finance Corporation (AFC) has strengthened its commitment to East and Central Africa with the appointment of Fola Fagbule as Director and Head of its Nairobi Regional Office. The appointment reflects the corporation’s strategic focus on expanding its presence across one of Africa’s fastest-growing investment regions while accelerating infrastructure development, industrialization, and long-term economic growth. From the Nairobi office, Fagbule will oversee AFC’s regional operations, driving investment origination, strategic partnerships, and initiatives aimed at unlocking transformative opportunities across multiple sectors.
Fagbule brings more than 15 years of experience within AFC, having joined the corporation in 2009 and played a pivotal role in its expansion across the continent. Since leading AFC’s financial advisory services in 2017, he has originated, structured, and executed transactions valued at more than US$12 billion, supporting critical infrastructure, industrial, and natural resource projects throughout Africa. His extensive expertise spans power, transport, telecommunications, mining, oil and gas, heavy industry, technology, and financial services, while also advising governments, development finance institutions, sovereign wealth funds, pension funds, financial institutions, and corporate clients on complex investment transactions.
In his new role, Fagbule will lead AFC’s efforts to expand its investment pipeline across East and Central Africa while strengthening relationships with governments, development partners, institutional investors, financial institutions, and private sector stakeholders. He will also oversee project development initiatives and help mobilize long-term capital into strategic infrastructure and industrial projects that support sustainable economic development. His appointment comes at a time when AFC continues to deepen its regional footprint through investments such as its equity stake in Dhamana Guarantee Company, support for the expansion of the Dangote Group’s fertilizer and refining operations, and its involvement in the proposed expansion of Jomo Kenyatta International Airport.
The appointment also demonstrates AFC’s commitment to developing leadership from within the organization while positioning experienced executives to lead regional growth strategies. According to the corporation, East and Central Africa present significant opportunities for infrastructure investment, domestic capital mobilization, and industrial transformation, making the region central to AFC’s long-term growth ambitions. Fagbule’s deep understanding of Africa’s investment landscape and proven execution capabilities position him to drive impactful projects that contribute to regional development and economic resilience.
As Africa continues to prioritize infrastructure investment as a catalyst for economic transformation, AFC’s leadership expansion reinforces the importance of strategic partnerships, innovative financing, and long-term capital deployment. With Fola Fagbule leading its Nairobi Regional Office, the corporation is well positioned to deepen its engagement across East and Central Africa, accelerate high-impact investments, and support projects that strengthen connectivity, industrial capacity, and sustainable economic growth across the continent.
