August 20, 2017

AFC to Expand Infrastructure Financing in Africa… By Obinna Chima

AFC to Expand Infrastructure Financing in Africa... By Obinna Chima... NAIJA INVEST

The Africa Finance Corporation (AFC) has said it is well positioned to explore opportunities in infrastructural financing in the continent.
The Chairman, AFC, Mr. Adebayo Ogunlesi, made this known in the corporation’s 2012 annual reports and accounts made available to THISDAY at the weekend.
The AFC was established in May 2007 as an African-led financial institution with the mission to improve African economies by proactively acquiring, financing and managing infrastructure, industrial and financial assets. The corporation’s authorised capital is $2 billion and it has mobilised over $1.1 billion of paid-up capital from private and public African institutions.
According to him, the AFC was committed to expanding its investment in the continent by aggressively creating new assets within its priority sectors, which includes natural resources (oil and gas), transport (road, rail, aviation, sea ports), heavy industry (cement, fertilizer), power and telecoms.
Ogunlesi pointed out that the AFC was confident that its project development expertise as well as the complementary resources available under its new facility “will enable quicker conversion of projects we have built up in our deal pipeline within the last two years.”

AFC to Expand Infrastructure Financing in Africa... By Obinna Chima... NAIJA INVEST

AFC to Expand Infrastructure Financing in Africa… By Obinna Chima… NAIJA INVEST

He added: “The drives for our business remain firmly in place and AFC is committed to continue to provide financing solutions and making landmark investments with positive development and financial impacts on the continent.
“As we move forward to the next stage of our growth, we remain optimistic for the future within Africa’s infrastructure space.”

 

CLICK SOURCE FOR MORE…

IMAGE: www.idfc.com

Leave A Comment

You must be logged in to post a comment.