Africa Finance Corporation (AFC) Broadens its Regional Footprint with Comoros Membership
African Financial Corporation (AFC) (AFC) (www.africafc.org), the major infrastructure solutions provider on the continent, welcomes Comoros’ alliance to 44Th Member States, reflecting the ongoing support of more than three-quarters of African countries. This membership provides Comoros with a platform to explore opportunities to advance the country’s critical infrastructure.
Comoros decides to join AFC at 44Th Member States highlighted their confidence in the company as a major enabler of African development.
As an island country at the intersection of Africa and the Indian Ocean, Comoros faces unique climate risks. AFC’s extensive development authorization provides Comoros Avenue to interact with the company’s network and leverage its expertise in project development and capital mobilization.
“It was an important step in the Comoros League when we officially joined the AFC,” said Ibrahim Mohamed Abdullahak, Minister of Finance, Budget and Banking, Ibrahim Mohamed Abdullahak. “This membership opens new doors for infrastructure development and economic growth. Given the company’s history, we believe this partnership will accelerate the transformation of our country.”
“We are pleased to welcome Comoros to be our 44th member,” said Samaila Zubairu, President and CEO of AFC. “This partnership reflects the shared ambition to explore sustainable development solutions. We look forward to working with the Comoros government to identify opportunities to align with national priorities.”
The various members of the AFC span all regions of Africa, strengthening its role as Africa’s leading provider of infrastructure solutions.
Distributed by Apo Group on behalf of the African Financial Corporation (AFC).
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Ywande Thorpe
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African Financial Company
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e-mail: yewande.thorpe@africafc.org
About AFC:
Founded in 2007, AFC is a catalyst for practical infrastructure and industrial investment throughout Africa. The AFC’s approach combines professional industry expertise with focus on financial and technical consulting, project structure, project development and venture capital to meet infrastructure development needs in Africa and drive sustainable economic growth.
Over the past 17 years, AFC has established a track record as Africa’s preferred partner for investment and delivery of instrumental, high-quality infrastructure assets that provide essential services to the core infrastructure sectors of electricity, natural resources, heavy industry, transportation and telecommunications. The AFC has 45 member states and has invested $15 billion in 36 African countries since its inception.
