Africa Finance Company expands footprint in Benin, Botswana, Democratic Republic of Congo (DRC) and Somalia

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Africa Finance Corporation (AFC)Africa Finance Corporation (AFC)

Africa Finance Company (www.AfricaFC.org), the continent’s main infrastructure options supplier, continues to broaden and diversify its membership and shareholder base, not too long ago welcoming Benin, Botswana, the Democratic Republic of Congo, and Somalia.

Memberships

Accession to membership by Botswana and Somalia advances AFC’s mandate by conferring privileges and diplomatic immunities in keeping with the Company’s multilateral standing and supplies assist for significant engagement in these key African economies. Moreover, it permits AFC to mobilise world capital to work alongside home finance for sustainable and viable infrastructure and industrial improvement in member states. AFC now enjoys member assist from three-quarters of African international locations, with a complete of 40 sovereign members.

Botswana’s Minister of Finance & Financial Growth, Peggy Serame, stated: “We’re happy to spend money on AFC, because the Company has demonstrated its dedication as an African entity devoted to infrastructure progress. We’re proud to be part of this pan-African triumph and looking out ahead to creating extra vital infrastructure sooner or later.”

Dr. Elmi M. Nur,  Somalia’s Minister of Finance, commented: “As Somalia continues to rebuild and develop, our membership within the Africa Finance Company will play a vital position in securing the monetary assist wanted to drive our nation’s improvement ahead. We sit up for this thrilling partnership.”

Shareholding

Moreover, the fairness investments in AFC by present members Benin and DRC improve the Company’s pan-African unfold of shareholders, which embody governments, improvement finance establishments, and institutional buyers.

A stellar document of constant monetary efficiency mixed with a robust threat administration framework and a  rising and diversified shareholder base  are behind AFC’s A3 investment-grade credit standing, which the Company leverages optimally to satisfy its mandate to shut Africa’s infrastructure and industrial financing hole.

Romuald Wadagni, Benin’s Minister of Financial system and Finance, stated: “Our funding within the Africa Finance Company reaffirms our dedication to addressing Benin’s infrastructure and socio-economic challenges with endogenous financing options. We’re optimistic that this new synergy will catalyze progress and improvement for our folks.”

Nicolas Kazadi, Minister of Finance of the DRC, commented: “We’re trying ahead to leveraging our relationship with the AFC to sustainably construct vital supporting infrastructure that may maximise our sources.”

AFC’s investments in Benin, Botswana and DRC span the pure sources, transportation & logistics and industrial sectors, with a mixed portfolio measurement of US$53 million within the three international locations. The Company is working with the federal government of Somalia to fund infrastructure and financial improvement that may optimise the nation’s key sources.

“We’re all the time happy to welcome new African international locations as Member States and Shareholders of AFC because it reinforces our rising attraction because the resilient and dependable bridge to a affluent African way forward for enhanced worth seize and retention ” stated President & CEO of AFC, Samaila Zubairu. “We stay dedicated to working alongside our member international locations to speed up sustainable improvement affect of their respective international locations by creating and financing infrastructure, pure sources and industrial belongings that may improve productiveness and financial progress.” 

Distributed by APO Group on behalf of Africa Finance Company (AFC).

Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Company
Cellular: +234 1 279 9654
E mail: [email protected]

Gavin Serkin
New Markets Media & Intelligence
Phone: +44 20 3478 9710
E mail: [email protected]

About AFC:
AFC was established in 2007 to be Africa’s main infrastructure options supplier, creating and financing de-risked infrastructure belongings throughout the Continent. AFC’s method combines specialist business experience with a concentrate on monetary and technical advisory, undertaking structuring, undertaking improvement and threat capital to deal with Africa’s infrastructure improvement wants and drive sustainable financial progress.

Fifteen years on, AFC has developed a observe document because the accomplice of alternative in Africa for investing and delivering on instrumental, high-quality infrastructure belongings that present important providers within the core infrastructure sectors of energy, pure sources, heavy business, transport, and telecommunications. AFC has invested over US$11 billion in 36 international locations throughout Africa since inception. www.AfricaFC.org  

This Press Launch has been issued by APO. The content material will not be monitored by the editorial crew of African Enterprise and never of the content material has been checked or validated by our editorial groups, proof readers or reality checkers. The issuer is solely answerable for the content material of this announcement.



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