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Browsing: Infrastructure financing in Africa
- AFC’s landmark wind farm in Djibouti set the country on a path to becoming the first African country fully powered by renewable energy.
- Last year, the corporation committed to overhauling Kinshasa’s mass transit system to enhance mobility.
- 2023 saw the AFC welcome three new members—Ethiopia, Burundi, and Sao Tome and Principe.
As the world looks into Africa to launch the next development phase, the Africa Finance Corporation (AFC) is increasingly emerging as a participant and a pacesetter in African infrastructure investments.
Last year marked a watershed moment for the organization, as AFC’s impact was evident in an ambitious slate of projects that span the spectrum of Africa’s developmental needs, from renewable energy sources and transport corridors to mining and climate resilience initiatives.
AFC’s impact on key economic corridors
Last year was a standout moment for AFC, with the corporation not merely navigating but thriving amidst growing global tensions, inflationary pressures, …
- AfDB will provide US$98.62 million to Burundi in the form of grants and US$597.79 million to Tanzania in the form of loans and guarantees.
- The Joint SGR Project plays a pivotal role in fostering development, facilitating trade, and enhancing accessibility across East Africa.
- Investment will also unlock and connect key economic processing zones, industrial parks, Inland Container Depot, and population centers along the central corridor.
The Board of AfDB has taken a significant step in advancing East Africa’s regional connectivity and infrastructure development by approving a total financing package of U$696.41 million for Burundi and Tanzania Standard Gauge Railway (SGR) Project.
This funding is designated for the initiation of Phase II of the Joint Tanzania-Burundi-DRC SGR Project. The ambitious investment aims to construct 651 kilometers on the Tanzania-Burundi railway line, a key component of the broader effort to enhance transportation and trade links in the East African region.
The financing …