AFC Appoints Fola Fagbule to Lead East and Central Africa Expansion

July 1, 2026
By Mintesinot Nigussie

Africa Finance Corporation has appointed Fola Fagbule as Director and Head of its Regional Office in Nairobi, as the infrastructure-focused institution expands its operations across East and Central Africa.

Fagbule will oversee AFC’s activities in the region, including efforts to develop investment opportunities, strengthen partnerships and mobilise long-term capital for infrastructure and industrial projects.

The appointment comes as AFC increases its focus on a region expected to play a growing role in infrastructure development, energy security, digital connectivity, industrialisation and regional economic integration.

Fagbule joined AFC in 2009 and has held several roles during the institution’s expansion into one of Africa’s leading infrastructure financiers. Since 2017, he has led AFC’s financial advisory activities, originating and executing transactions valued at more than 12 billion US dollars across infrastructure, natural resources and industrial sectors.

His experience covers 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, financial institutions and corporate clients on large-scale transactions.

“East and Central Africa is home to some of the continent’s most compelling opportunities for economic transformation through infrastructure development, industrialisation, and domestic capital mobilisation,” said Samaila Zubairu, President and Chief Executive Officer of AFC.

Zubairu said Fagbule’s experience and understanding of AFC’s operations would position him to lead the corporation’s regional platform and expand engagement with governments, investors and private sector partners.

In his new role, Fagbule will also oversee AFC’s efforts to expand its investment pipeline and support major projects in the region. These include the corporation’s recent equity investment in Dhamana Guarantee Company, its involvement in expanding Dangote Group’s fertiliser and refining operations, and support for the proposed expansion of Jomo Kenyatta International Airport.

“It is a great privilege to be given this responsibility at such an important moment for AFC and the region,” Fagbule said. “East and Central Africa offer some of the most exciting opportunities for transformational impact across AFC’s sectors of focus.”

Before joining AFC, Fagbule worked in investment research and corporate finance. He holds a bachelor’s degree in physics, an MBA and has completed executive education programmes at Harvard Business School and Stanford University.

Source: FSX Business News