The Africa Finance Corporation (AFC) is intensifying its regional presence by appointing Fola Fagbule as head of its East and Central Africa office in Nairobi. This strategic move, announced on June 30, 2026, comes as AFC aims to bolster infrastructure development and investment opportunities in a region poised for economic growth.
Fagbule, a seasoned investment banker with extensive experience in infrastructure financing, is expected to leverage his expertise to drive AFC's initiatives in East and Central Africa. The AFC has been instrumental in financing critical projects across the continent, and this expansion reflects its commitment to addressing the infrastructure deficit that hampers economic progress. "Fola's leadership will be crucial as we navigate the unique challenges and opportunities in this dynamic region," said Samaila Zubairu, President and CEO of AFC.
As Fagbule steps into his new role, the AFC is likely to enhance its collaborative efforts with local governments and private sector stakeholders. This could lead to innovative financing solutions that not only stimulate economic development but also improve the quality of life for millions across East and Central Africa.
