EMEA Finance has bestowed on Africa Finance Corporation (AFC) and its leadership, the champion of finance awards.
The award is given to those individuals whose lifetime contributions to finance and the EMEA region have demonstrated excellence and provided an impactful result for shareholders and clients alike.
Additionally, the Corporation received recognition in EMEA Finance’s Achievement Awards 2017 for success in accessing international capital markets. The Corporation won the following accolades: Best Supranational Bond, Best Supranational Sukuk, and Best Supranational Borrower.
Andrew Alli, who has served as Africa Finance Corporation’s President and CEO since 2008, was awarded the Champion of Finance Award for his outstanding achievement in, and lifetime contribution to, the field of Finance, and for relentless contributions to the sustainable development of Africa’s infrastructure. This is demonstrated through projects that have transformed the continent, particularly in countries that traditional investors have typically shied away from.
Oliver Andrews was also recognised as a Champion of Finance at EMEA Finance’s Project Finance Awards 2017. The award underscores his hard work and relentless innovations in the creation of infrastructure as a standalone asset class in Africa.
In his remark, Andrew Alli said: “Africa faces many challenges, which impede its development. However, very few are as significant as the infrastructure deficit we see across the continent today. I am humbled to have been recognised for my role in attempting to surmount these challenges, and grateful to the AFC family and shareholders, who have made all these achievements possible, for the opportunity to serve.”
Also, Oliver Andrews, remarked: “My passion for infrastructure stems from my deep commitment to the sustainable development of Africa. As I look back on my experiences in the sector, what I am most proud of has been the ability to demonstrate that projects in vital African infrastructure can be both bankable and have a developmental impact. There is no greater honour than to be recognised by one’s own peers and colleagues. I am therefore grateful and humbled to have been bestowed with this award”.
Christopher Moore, CEO and Publisher of EMEA Finance while congratulating the award winners noted: “Across Africa, we have seen a steady rise in the innovations around infrastructure financing solutions, which have gone a long way to improving Africa’s Power, transport and industrial sector to name just a few. Without a doubt, Oliver and Andrew, particularly through the AFC platform, have emerged over the years as being amongst the most significant actors in the infrastructure space. EMEA Finance is therefore delighted to present these very richly deserved awards”.
Andrew has previously worked for organisations – International Finance Corporation, Coopers & Lybrand (now PricewaterhouseCoopers), that have reflected and built on his driving passions: To use financial innovation and expertise to develop Africa and to unlock the continent’s vast and unrealised potential, and to build African financial institutions that can effectively deliver that focused investment. He has concentrated on delivering this during his term leading Africa Finance Corporation.
Under Andrew Alli’s leadership, AFC has, over the last ten years, evolved from a US$1 billion start-up into an institution that is a powerful force on the continent with a balance sheet of US$4.2 billion. It currently has a membership of 20 countries, an A3 Credit rating by Moody’s Investor Services (the second highest rated African lending institution), and has invested in various capacities in the following landmark African projects: The 1,786MW power joint venture with Harith General Partners – Anergi Holdings, which provides electricity to 30 million people across 5 countries in Africa.
Oliver Andrews, AFC’s Chief Investment Officer, previously a strategic advisor to the World Bank, the African Development Bank, the Economic Community of West African States (ECOWAS) and CEO TCI Infrastructure, has served in various capacities at AFC. Oliver has provided leadership to multi-disciplinary teams in the areas of end-to-end deal origination, investments, technical advisory and project development, translating the organizational vision into business development leadership and a robust pipeline of projects.
He has been responsible for the completion of investments worth about US$4 billion in various infrastructure projects across continental Africa.