Africa Infrastructure Funder Sees $3 Billion of Projects in 2025
- AFC looks for agricultural, electrification initiatives
- CEO sees projects linked to Africa trade area as opportunities
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Africa Finance Corp. plans to invest more than $3 billion in projects across the continent next year to boost the region’s appeal as a source of key metals and help it gear up for more open trade.
The Lagos-based institution set up in 2007 by African nations will prioritize advancing existing projects including the multimillion-dollar railway linking mines in Zambia to the port of Lobito in Angola, Chief Executive Officer Samaila Zubairu said. It’s also looking for agricultural, electrification, eco-tourism, food-security and renewable-energy projects, he said.