About AAFC

AAFC was launched in 2017 and aims to bridge the gap between capital markets with ample liquidity and emerging markets in need of solutions for equipment, equipment-as-a-service, equipment leasing, asset-backed lending, and (clean) energy and infrastructure financing in Africa through portfolio companies, partnerships and investments.

AAFC is headquartered in New York, and its portfolio companies have offices in Africa, the Middle East and Europe. AAFC’s companies are rapidly expanding to several markets across emerging markets.

 
 
 

Leadership

AAFC’s portfolio companies are led by executive teams with deep and broad international experience in leasing, operational management and direct investment, as well as decades of on-the-ground experience in the markets they serve.

The boards of AAFC’s portfolio companies are composed of renowned business leaders from around the world who bring extensive experience in Africa, banking and non-banking financial services, and best-in-class management practices.

 
 
 

Our Impact Philosophy

We are committed to driving both business growth and generating a positive impact. By making high-quality equipment accessible to businesses, we help accelerate economic development by enabling faster business growth and creating jobs.

Our portfolio companies have the potential to transform the lives of millions through greater economic activity, improved efficiency and increased job opportunity.

How We Do Business

We promote that our portfolio companies follow best practices in all aspects of business:

  • We are committed to a fair pricing principle and strive to cap the embedded interest rates our portfolio companies use to calculate equipment services and leases at sustainable levels above their WACC (weighted average cost of capital)

  • We ensure that all our portfolio companies abide by a living wage pledge, and ensure that all employees of our companies receive at least the minimum income necessary for someone to meet their basic needs and participate in their community

  • Our portfolio companies give priority to deploying quality equipment that compares favorably against its peers in the areas of environmental impact, safety and longevity.

  • We have a strict Code of Ethics and Business Policy and insist on implementation across all our companies, with a zero tolerance for corruption and strictly enforce a code of ethical conduct.

  • We insist on full compliance with the Foreign Corrupt Practices Act and similar laws and regulations elsewhere.

  • We abide by the UNPRI and the UN Global Compact.

  • We comply with all sanctions’ regulations.

  • Some of our subsidiaries are regulated by local regulators, such as the National Bank of Ethiopia, which regulates Ethio Lease.

 
 

How We Decide Which
Businesses To Work With

When it comes to deciding which businesses to work with, all our companies use the following three screening strategies:

 

Negative
Screening

We check against lists of excluded companies (e.g., manufacturers of controversial weapons, companies known for human rights abuses or inexcusable negative environmental, etc.) and reject these out of hand.

Positive
Screening

We prioritize companies with better Environmental, Social, and Governance (ESG) records than their peers, using a combination of our own analysis and third-party research.

Norms-based Screening

We screen against international standards of business practice, which is embedded into our credit and risk evaluation process.

 

Compliance
& Governance

AAFC’s protfolio companies are in certain areas regulated or supervised by government agencies or self-regulating bodies, such as the SEC, the National Bank of Ethiopia and DIFC. AAFC’s portfolio companies voluntarily comply with EU GDPR, and with UNPRI.

We hold accountability and transparency in high regard. Our Code of Ethics and Business Conduct can be viewed through the following link.

Code of Ethics and Business Conduct

People

The management teams of AAFC’s companies and boards of directors are seasoned leaders with extensive experience in Africa and beyond, in industry, banking and non-banking financial services.

 
 

 Board of Directors

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