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- 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, …
- Infrastructure solutions provider, Africa Finance Corporation has signed a MoU with Morocco’s Ministry of Economy and Finance to fund project development.
- Deal targets in renewable energy, transport, natural resources, heavy industries, and telecommunications.
- The Agreement follows Morocco’s official entry as a member of the AFC in 2021. The agreement will facilitate Morocco’s domestic market competitiveness and the export capacity of her businesses.
Infrastructure solutions lender, Africa Finance Corporation has signed an agreement with Morocco to provide project development, structuring, and financing for key projects in renewable energy, transport, natural resources, heavy industries, and telecommunications sectors.
The deal follows Morocco’s official entry as a member of the AFC in 2021. AFC will provide innovative financing and pragmatic solutions to enhance the infrastructure and industrial base in Morocco. Consequently, such solutions will facilitate domestic market competitiveness and the export capacity of Moroccan businesses.
Morocco sees opportunities in Sub-Saharan Africa
In the last …