African Development Bank Group becomes shareholder in AFC
Nigeria, Nov. 13 -- Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa's highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC.
The bank group's investment in AFC will enable both institutions to accelerate infrastructure development and delivery on the continent by deepening co-financing opportunities, joint implementation, knowledge transfer and capacity development for the benefit of Africa.
The addition of the African Development Bank Group as a shareholder and development finance institution member of AFC, complements the corporation's strategy of a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.