The Africa Finance Corporation (AFC), the continent’s leading infrastructure development finance institution, has welcomed Malawi as its new, 18th member. Through the membership, the southern African country hopes to find support for the delivery of critical infrastructure projects to close the infrastructure gap in the country.
Over the years, AFC has invested US$4.5 billion in projects across 28 African countries, and in a wide range of sectors including power, telecommunications, transport and logistics, natural resources, and heavy industries.
The AFC expects that it will able to support Malawi. Andrew Alli, CEO of AFC, commented to Africa.com: “Malawi has a rich pipeline of bankable investments in the infrastructure space, and we are looking forward to exploring these opportunities.”
Other member states include: Benin, Cape Verde; Chad; Côte d’Ivoire; Djibouti; Gabon; the Gambia; Ghana; Guinea-Bissau; Guinea-Conakry; Kenya; Liberia; Nigeria; Rwanda; Uganda; Sierra Leone and Zambia.
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