Gulf Fund Courted as Africa Runs $170 Billion Infrastructure Gap
- Africa Finance Corp. looks to bring new shareholders on board
- Lender is in talks with sovereign funds from Gulf and Europe
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Africa’s spiraling infrastructure needs are prompting one of the continent’s key development finance institutions to seek out backing from beyond the region.
Africa Finance Corp., which already counts 31 nations, or more than half the continent, as members, is looking to bring new shareholders on board as part of a strategy to deliver fast-track growth.