Samaila Zubairu broadens Africa Finance Corporation’s shareholding to AfDB ($50m)
AFC is Africa’s second largest multilateral financial institution and is increasing its funding programmes for infrastructure projects while widening its scope to initiatives in new countries.
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▪ Samaila Zubairu broadens Africa Finance Corporation’s shareholding to AfDB ($50m)
▪ AFC is Africa’s second largest multilateral financial institution and is increasing its funding programmes for infrastructure projects while widening its scope to initiatives in new countries.
▪ https://www.africabusinessplus.com/en/800540/samaila-zubairu-broadens-africa-finance-corporations-shareholding-to-afdb-50m/
Following the equity investment of Ghana in 2018, this transaction will allow the AFC to ensure compliance with its statutes which provide that its share capital of $1.1bn be held equally between Member States and the private sector.
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