Tag Archives: Africa Finance Corporation

AMA, Technology

His Excellency John Dramani Mahama, President of the Republic of Ghana to Give Presidential Keynote Address at 14th Africa Fintech Summit in Accra

MaraviPost

ACCRA, Ghana, 16 September 2025/African Media Agency/- The Africa Fintech Summit (AFTS) is honored to announce and welcome His Excellency President John Dramani Mahama as Presidential Keynote Speaker for the 14th edition of the summit, taking place at the Accra International Convention Centre (AICC) in Accra from October 8–10, 2025. His Excellency’s presidential keynote address will take place on the 09th of October 2025.

H.E. President John Dramani Mahama was sworn into the President’s Office on the 7th of January 2025. H.E. was also the fourth President of the Fourth Republic of Ghana, having previously occupied the high office of President between January 7, 2013, and January 6, 2017. A strong proponent of intra-African trade, H.E. President Mahama had a decorated pan-African roles including being the former Chairperson of the Economic Community of West Africa States (ECOWAS) Commission., the former Chairperson of the African Union’s High-Level African Trade Committee, and the first Co-chair of the United Nations Advocacy Group on the Sustainable Development Goals, the current Chair of the TANA Forum, a high-level forum on security in Africa headquartered in Ethiopia. The president also played an instrumental role in laying the foundation for the African Continental Free Trade Area (AfCFTA), whose secretariat is now based in Ghana.

The Ghanaian government has shown tremendous support for the upcoming summit, including issuing an official endorsement by the Office of the President. “It is with great pleasure that the Government of Ghana formally confirms its endorsement of the 14th Africa Fintech Summit, scheduled to take place in Accra from 8 to 10 October, 2025. As a nation committed to fostering digital innovation and economic growth, we are proud to play host to this pivotal event. We eagerly anticipate a highly productive and impactful Summit that will foster meaningful collaborations, showcase cutting-edge advancements, and drive the future of Fintech across Africa,” a part of the statement issued by Julius Debrah, Chief of Staff, Office of the President, Republic of Ghana, reads.

Speaking about the president’s endorsement and upcoming keynote address at the summit, Zekarias Amsalu, Co-Founder & Managing Director of Africa Fintech Summit, said, “We are honored to welcome His Excellency President Mahama as our Presidential keynote speaker for the 14th Africa Fintech Summit in Accra, Ghana on 09 October 2025. His Excellency’s participation and presidential keynote comes at such a pivotal time where Ghana is transforming its 24 hours digital economy with several presidential initiatives, showcasing Ghana is ready for the digital future and is open to welcome global fintech & investment partners. The keynote address will provide an excellent opportunity for the Fintech ecosystem to align its strategy and growth trajectory right with and find ways to support the digital transformation of Ghana.”

Now in its 14th edition, the Africa Fintech Summit will bring together over 1,500 in-person and 3,000 virtual attendees from 65 countries, including startups, investors, regulators, and innovators. Programming includes:

  • Keynotes, Fire-side Chats, Masterclasses, Workshops, Panels, Closed Door Roundtables, Bilateral Meetings
  • Alpha Expo Micro Accelerator & Pitch Competition for Early-Stage Startups
  • Networking Receptions, Excellence in Fintech Award Ceremony, Happy Hour, VIP Dinners & Ecosystem Tours in & around Accra
  • Curated Conference Tourism Travel

Since its launch in 2018, AFTS has helped facilitate over $300 million in funding for African early stage fintech startups and contributes an estimated $3 million per event in conference tourism impact to host economies every year. 

Register Now

Tickets for in-person and virtual participation are available at: https://africafintechsummit.com/event/afts-accra-2025

Confirmed Sponsors of the summit so far include VISA, Binance, Chevron, Analytix Engine, ShrinQ Ghana, Africa Finance Corporation, Conduit, MDP, Flutterwave, SecondSTAX, KC Compliance, Mukuru, Paystack, FIDO, Fincra, and counting.

Confirmed Strategic, Knowledge & Media Partners include Ghana’s Ministry of Foreign Affairs, Ghana’s Ministry of Communication, Digital Technology and Innovations, Ghana Investment Promotion Centre, SME Finance Forum, Managed by the IFC (International Finance Corporation), Institutional Investor Network, African Media Agency (AMA), Blacvolta, Corporate Council on Africa, Briter, Halcyon, Ghana Fintech and Payments Association, Ghana FinTech Awards, Afropolitan Cities & F3 Global Advisory Group. 

Confirmed Exhibitors include HIZO, Yellowcard, Clapay SAS, Magmasend, Koinkoin, and counting.

Distributed by African Media Agency in partnership with Africa Fintech Summit

About Africa Fintech Summit 

AFTS (https://africafintechsummit.com) is the premier global initiative dedicated to the African fintech ecosystem. AFTS is traditionally hosted in Washington, D.C., each April during the World Bank/IFC annual meeting week and in a different African city every October/November. The summit is being held in a hybrid format, in person in the selected Venue and live virtual delegates from around the world. 

So far AFTS has brought its summits to Washington DC (2025), Nairobi, Kenya(2024), Washington DC(2024), Lusaka, Zambia ( 2023), Washington DC & Prosper T4TA Launch(April 2023), Cape Town, South Africa( 2022), Washington DC (2022), Cairo, Egypt (2021), Virtual(2020), Addis Abeba, Ethiopia(2019), Lagos, Nigeria (2018). The 2025 Summit is scheduled for Accra, Ghana on 8-10 October 2025.

2025 Theme – From Africa to The World 

AFTS had a theme of the Africanization of Global Tech in 2023 showcasing how African Fintech startups are expanding globally and resolving global pain points in other markets, followed by a theme of ‘Fintech in Every Industry” in 2024. Recognizing that the globe is now closely intertwined and African fintech startups are expanding in and bringing their ‘battle-tested’ innovation to other continents, the theme for 2025 is From Africa to The World. In this respect, AFTS will highlight African Fintech success stories and innovations within and outside of the continent including global expansion and what this meant for global stakeholders, regulators, policy makers, investors and the African fintech ecosystem.

Media contact:

Africa Fintech Summit

Charles Isidi

Head of Marketing and Communications,

charles@africafintechsummit.com

Press Office : Africa Fintech Summit

Email: press@africafintechsummit.com

Website: www.africafintechsummit.com

Press & Government Relation Desk

The Presidency Republic Of Ghana

Email: office@presidency.gov.gh

Website: https://presidency.gov.gh

Social Media: #AFTSACCRA25 | @AfriFintech | @GhanaPresidency

The post His Excellency John Dramani Mahama, President of the Republic of Ghana to Give Presidential Keynote Address at 14th Africa Fintech Summit in Accra appeared first on African Media Agency.

AMA, Technology

Africa Fintech Summit Accra 2025 Welcomes Africa Finance Corporation As A DFI Sponsor

MaraviPost

ACCRA, Ghana, 15 September 2025/African Media Agency/- Africa Fintech Summit is pleased to welcome Africa’s leading infrastructure solution provider, Africa Finance Corporation as the DFI Sponsor for the 14th edition of Africa Fintech Summit (AFTS) 2025, to be held at the Accra international Conference Center (AICC) in Accra, Ghana, from 8-10 October 2025. This announcement follows the publication of AFC’s recent annual report, which highlights the institution’s transformative impact across Africa, where AFC-financed projects have contributed over $50 billion to regional GDP and enabled the creation of 7 million jobs in 36 countries.

AFC has mobilised US$15 billion to power Africa’s growth, electrifying 4.1 million homes, expanding digital access through supporting initiatives such as M-KOPA that connected 1.7 million first-time internet users, and investing in MTN and Airtel to reach over 100 million people with mobile and broadband services. The Corporation’s innovative exit from the Takoradi Port project in Ghana further demonstrated how private capital can be unlocked without compromising development impact. These achievements highlight AFC’s role in laying the foundations for a more inclusive and digital Africa.

 “It is with great delight & gratitude that we are welcoming AFC as our DFI sponsor and speaker for our 14th edition of AFTS in Accra this October. We have said that Africa’s financial inclusion is spurred, or limited, by the necessary infrastructure of connectivity, energy & data processing capability and AFC has been—and continues to be—an impactful, future-orientated, and innovative infrastructure solution provider that powers Africa’s digital future, We are keen to learn from AFC’s executives and create development bank & industry linkage with our startup ecosystem”” said Zekarias Amsalu, Co-Founder & MD of AFTS. 

“Africa’s digital and financial transformation depends on strong foundations — from reliable power and connectivity to fintech solutions that expand access to essential services,” said Begna Gebreyes, AFC’s Director and Head, Heavy Industries, Telecoms & Technology. “At AFC, we combine critical infrastructure with strategic fintech investments to enable businesses to grow, create jobs, and drive inclusion. In Accra, we are engaging with innovators from across the continent to advance collaborative solutions that deliver lasting impact.”

Since its first summit in 2018, the Africa Fintech Summit has become the largest annual financial technology gathering on the African continent.  #AFTSACCRA2025 will bring Keynote Speeches from the host country government & industry thought leaders, closed door roundtables, bilateral meetings, fire side-chats, a VIP dinner for Speakers and invited guests, excellence in FinTech awards ceremony, workshops, Exhibition Booths, Masterclasses for Startup Founders, Alpha Expo Mini Accelerator & Pitch Competition, Ecosystem tours around Accra for the international delegates and more. The event will conclude with happy-hour receptions for delegates and attendees on each date.

As in the past years, the event will be hybrid, with live streaming provided for remote attendees via our website as well as via partnering educational facilities across Africa as part of our industry-academia partnership initiative. Limited in-person tickets to the 14th Edition summit are now available on our website and delegates can secure their tickets with a 15% discount by using AFC15 at checkout at https://africafintechsummit.com/event/afts-accra-2025/.

Distributed by African Media Agency in partnership with Africa Fintech Summit.

About Africa Fintech Summit 

AFTS (https://africafintechsummit.com) is the premier global initiative dedicated to the African fintech ecosystem. AFTS is traditionally hosted in Washington, D.C., each April during the World Bank/IFC annual meeting week and in a different African city every October/November. The summit is being held in a hybrid format, in person in the selected Venue and live virtual delegates from around the world. 

So far AFTS has brought its summits to Washington DC (2025), Nairobi, Kenya(2024), Washington DC(2024), Lusaka, Zambia ( 2023), Washington DC & Prosper T4TA Launch(April 2023), Cape Town, South Africa( 2022), Washington DC (2022), Cairo, Egypt (2021), Virtual(2020), Addis Abeba, Ethiopia(2019), Lagos, Nigeria (2018). The 2025 Summit is scheduled for Accra, Ghana on 8-10 October 2025.

Supported by an advisory board of thought leaders and fintech pioneers, AFTS is a unique space where innovative ideas are debated, investments mobilized, partnership deals signed, and collaborations formed across sectors and geographies. AFTS is organized in partnership between Washington, D.C. based firms, strategic advisory group, Dedalus Global, and Pan-African emerging technologies advisory firm, Ibex Frontier.

About AFC

Africa Finance Corporation (AFC) was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Eighteen years on, AFC developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. Read further at www.africafc.org

Media contact:

Africa Fintech Summit

Charles Isidi

Head of Marketing and Communications,

charles@africafintechsummit.com

Africa Finance Corporation

Yewande Thorpe

Email: yewande.thorpe@africafc.org

The post Africa Fintech Summit Accra 2025 Welcomes Africa Finance Corporation As A DFI Sponsor appeared first on African Media Agency.

AMA, Business

Africa Fintech Summit Accra 2025 Announces Strategic Partnership with the Ministry of Communication, Digital Technology and Innovations of the Republic of Ghana

MaraviPost

ACCRA, Ghana, 11 September 2025/African Media Agency/- Africa Fintech Summit (AFTS) is pleased to welcome the Ministry of Communication, Digital Technology and Innovations (MOC) as a Strategic Partner for the 14th edition of the summit, taking place at the Accra International Convention Centre (AICC) in Accra from October 8–10, 2025. This announcement follows some of the bold moves by MOCDTI, including the 1Million Coders, as Ghana is charting a bold and inclusive path toward a digitally empowered future.

As part of the partnership, AFTS will allocate 50% of the Alpha Expo Mini Accelerator & Pitch Competition slots to Ghanaian startups and will closely collaborate with MOCDTI in impacting the Ghanaian digital economy with curated workshops, collaborations and investments towards selected startups to participate in the pitch competition. Additionally, MOCDTI will be joining the plenary panel entitled “Focus on Ghana’s Digital Economy – The Inside Edge” and will outline how Ghana’s ICT policy, regulatory framework and the opportunity for global investors to participate.

“The future is global and Ghana is ready to lead, and we will outline how we position Ghana as Africa’s Digital Trade Hub at the Africa Fintech Summit in Accra in October,” said Hon. Samuel Nartey George (MP), Minister for MOC. “In addition to key government initiatives shaping a knowledge-driven economy, including the One Million Coders Programme, Ghana Tech Lab and investments in STEM education, the upcoming presentation of the Innovations and Start-up Bill and other multi-layered policy space and regulatory reforms are catered to ensure that Ghana’s undisputed position as the digital hub for Africa and a 24 hour digital economy which will provide actionable data for global techprenours to note of the massive opportunities and join our drive.”

Zekarias Amsalu, Co-Founder of AFTS and Managing Director of Ibex Frontier, added: “We are very grateful for bringing our flagship Africa Fintech Summit to Accra as well as welcoming MOCDTI as our strategic partner. We look forward to showcasing Ghana as a digital economy investment destination, and in line with our theme of From Africa to the World, showcase Ghanian innovators and problem solvers to our global investing community via our Alpha Expo Mini Accelerator & Pitch Competition Program. Additionally, we look forward to creating live streaming capabilities across universities and colleges in Ghana so students across the country join the summit live wherever they are to cross-pollinate thought leadership and innovative ideas widely.”

In its 14th edition, #AFTSACCRA25 will bring together over 1,500 in-person and 3,000 virtual attendees from 65 countries, including startups, investors, regulators, and innovators. Programming includes:

  • Keynotes, Masterclasses, Workshops,
  • Closed Door Roundtables, Bilateral Meetings
  • Alpha Expo Mini Accelerator & Pitch Competition for Early-Stage Startups
  • Networking Receptions, Excellence in Fintech Award Ceremony, Happy Hour, VIP Dinners & Ecosystem Tours in & around Accra
  • Curated Conference Tourism Travel

Since its launch in 2018, AFTS has helped facilitate over $300 million in funding for African early-stage fintech startups and contributes an estimated $3 million per event in conference tourism impact to host economies every year.

Confirmed Sponsors of the summit so far include VISA, Chevron, Analytix Engine, ShrinQ Ghana, Africa Finance Corporation, Conduit, MDP, Flutterwave, SecondSTAX, KC Compliance, Mukuru, Paystack, FIDO, Fincra, and counting.

Confirmed Strategic, Knowledge & Media Partners include Ghana’s Ministry of Foreign Affairs, Ghana’s Ministry of Communication, Digital Technology and Innovations, Ghana Investment Promotion Centre, SME Finance Forum, Managed by the IFC (International Finance Corporation), Institutional Investor Network, African Media Agency (AMA), Blacvolta, Corporate Council on Africa, Briter, Halcyon, Ghana Fintech and Payments Association, Ghana FinTech Awards, Afropolitan Cities & F3 Global Advisory Group.

Confirmed Exhibitors include HIZO, Yellowcard, Clapay SAS, Magmasend, Koinkoin, and counting.

Register Now

Tickets for in-person and virtual participation are available at: https://africafintechsummit.com/event/afts-accra-2025

Distributed by African Media Agency in partnership with Africa Fintech Summit.

About Africa Fintech Summit 

AFTS ( https://africafintechsummit.com ) is the premier global initiative dedicated to the African fintech ecosystem. AFTS is traditionally hosted in Washington, D.C., each April during the World Bank/IFC annual meeting week and in a different African city every October/November. The summit is being held in a hybrid format, in person in the selected Venue and live virtual delegates from around the world. 

So far AFTS has brought its summits to Washington DC (2025), Nairobi, Kenya(2024), Washington DC(2024), Lusaka, Zambia ( 2023), Washington DC & Prosper T4TA Launch(April 2023), Cape Town, South Africa( 2022), Washington DC (2022), Cairo, Egypt (2021), Virtual(2020), Addis Abeba, Ethiopia(2019), Lagos, Nigeria (2018). The 2025 Summit is scheduled for Accra, Ghana on 8-10 October 2025.

Media contact:

Charles Isidi

Head of Marketing and Communications,

Africa Fintech Summit. 

charles@africafintechsummit.com

The post Africa Fintech Summit Accra 2025 Announces Strategic Partnership with the Ministry of Communication, Digital Technology and Innovations of the Republic of Ghana appeared first on African Media Agency.

AMA, Business

Shortlist of nominees announced for the African Banker Awards 2025

Maravi Post Reporter

The 2025 edition of the Awards will recognise and celebrate the strides being made by banks across the continent with a focus on innovation, transformation and also the promotion of inclusivity and gender equality. 58 nominees have made the shortlist for the 2025 awards, which has become a fixture on the African banking calendar.

LONDON, England 2 May, 2025 -/African Media Agency(AMA)/- African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards.

The winners will be made known during the official gala ceremony scheduled for May 28th in Abidjan, Côte d’Ivoire, as part of the official programme of the Annual Meetings of the African Development Bank.

The 2025 edition of the African Banker Awards is organised by African Banker magazine and IC Events under the patronage of the African Development Bank. The ceremony’s platinum sponsor remains the African Guarantee Fund, a fund created to share risks with commercial banks to encourage them to lend to the SME sector while ATIDI, which provides facilities to ensure against country risks and other associated insurance services, comes in as exclusive cocktail sponsor.

The African Banker Awards has, since its inception in 2007, sought to recognise and celebrate the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector.

The shortlist of nominees for the African Banker Awards 2025 was selected from over 200 entries submitted in nine categories by banks spread across the African continent. This year, two female bank executives have emerged as nominees for the prestigious “Banker of the Year” award, underlining the leading role women continue to play in shaping Africa’s banking and finance landscape.

Speaking on the awards, Omar Ben Yedder, Chair of the Awards committee commented on the increasing focus on SME, sustainable banking practices and the role of fintechs in the ecosystem. “Banks have performed strongly last year despite headwinds and currency devaluations in major countries. We also received entries in the deals category that shows that there are numerous transformative transactions taking place. And yet, the message remains. Interestingly, SMEs proved to be a profitable asset class and one that banks are paying greater attention to. The advent of AI and other technological advancements are at the centre of bank strategies too. The continent needs even bigger banks to support our growth agenda.”

The nominees for the African Banker Awards 2025 are as follows:

Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • Ecobank
  • First Bank of Nigeria Limited
  • Kenya Commercial Bank (KCB Group Plc.)
  • Mauritius Commercial Bank (MCB Ltd.)
  • Trade and Development Bank Group (TDB Group)
  • Coris Bank International

Banker of the Year

  • Abdulmajid Mussa Nsekela – CRDB Bank Plc.
  • Jeremy Awori – Ecobank
  • Karim Awad – EFG Holding
  • Léon Konan Koffi – AFG Holding
  • Mukwandi Chibesakunda – Zanaco Inc.
  • Patricia Ojangole – Uganda Development Bank
  • Sidi Ould Tah – The Arab Bank for Economic Development in Africa (BADEA)

Sustainable Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • CRDB Bank Plc.
  • Kenya Commercial Bank (KCB Group Plc.)
  • Nedbank
  • Trade and Development Bank Group (TDB Group)

Fintech of the Year

  • 4G Capital
  • Inclusivity Solutions
  • Network International
  • Oze
  • ProfitShare Partners
  • Valu

DFI of the year

  • African Export-Import Bank (Afreximbank)
  • African Trade Insurance Agency
  • Bank of Industry
  • Banque Ouest Africaine de Développement (BOAD)
  • ECOWAS Bank for Investment and Development (EBID)
  • Shelter Afrique Development Bank (ShafDB)
  • Trade and Development Bank Group (TDB Group)

SME Bank of the Year

  • Co-operative Bank of Kenya Ltd.
  • CRDB Bank Plc.
  • Ecobank
  • Standard Bank
  • Uganda Development Bank

Deal of the Year – Infrastructure

  • US$83.35 MM Al Zahy Group For General Contracting (Ahmed El Zzahy & Co.) – National Bank of Egypt
  • US$646.64 MM (ZAR 12 Billion) Envusa Energy – Absa Bank Ltd. / Rand Merchant Bank
  • US$1.9 Billion Kano Maradi Railway Project – African Finance Corporation / African Export-Import Bank (Afreximbank)
  • Project Platinum – US$200 MM Dividends Backed Capital Raise by BUA Industries Limited – Africa Finance Corporation
  • US$188.62 MM (ZAR 3.5 Billion) Scatec Mogobe Battery Energy Storage System – Standard Bank
  • US$1.04 Billion Suez 1.1 GW Wind Power Project in Egypt: Powering Africa’s Renewable Future – African Development Bank
  • US$1.20 Billion (ZAR 22.25 Billion) Mokolo Crocodile River Water Augmentation – Standard Bank

Deal of the Year – Debt

  • US$119 MM Green, Social and Sustainable Development Bond – ECOWAS Bank for Investment and Development (EBID)
  • US$2.05 Billion Bank of Industry – 2024 Facility – Afreximbank/Africa Finance Corporation/ Bank of Industry
  • US$394 MM ETC Group (Mauritius), Inaugural Sustainability Linked Loan (SLL) – Trade and Development Bank Group (TDB Group)
  • US$13 Billion Ghana’s Eurobond Debt Restructuring – Hogan Lovells
  • US$18 MM Letshego Holdings Namibia Limited Social Bond – Rand Merchant Bank (RMB)
  • Republic of Benin €507.5 facility – African Trade Insurance Agency
  • Sahara Group’s US$500 MM Debt Sub-Participation Financing – Africa Finance Corporation
  • US$ 590 MM – The Egyptian Chemical Industries Company (KIMA) – National Bank of Egypt

Deal of the Year – Equity

  • Aradel Holdings’ US$2 Billion Listing by Introduction on Nigerian Exchange Limited – Standard Bank
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Standard Bank
  • FQM’s US$1.15 Billion Bought Deal on the Toronto Stock Exchange- Absa Bank Ltd.
  • Nigerian Breweries’ US$352 MM Rights Issue – Standard Bank
  • Renaissance Acquisition of Shell- US$2.4 Billion – PwC Nigeria
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Absa Bank / Standard Bank

Distributed by African Media Agency. on behalf of IC Publications

About the African Banker Awards

The African Banker Awards are prestigious awards that celebrate excellence and best practices in banking and finance in Africa. These annual awards honour outstanding individuals and remarkable financial institutions that are transforming the continent’s financial sector and contributing to economic development and financial inclusion in Africa.

Organised by African Banker magazine in partnership with IC Events, the Awards bring together industry leaders from across the continent to honour innovation, resilience and competitiveness in the African banking sector.

For more information about the African Banker Awards, please visit our website at www.AfricanBankerAwards.com.

About African Banker

African Banker is a pan-African publication dedicated to the banking industry across the continent. African Banker provides in-depth analysis and commentary on the trends shaping Africa’s financial landscape.

As a trusted source of information, African Banker offers a unique perspective on the challenges and opportunities facing the African banking sector.

For any further information, please contact Constance Haasz at the following address: c.haasz@icpublications.com

Source : African Media Agency (AMA)

Business, Lifestyle

Malawi Becomes Africa Finance Corporation’s 18th Member State

MaraviPost

Malawi has become the second Southern African member country of Africa Finance Corporation (AFC or the Corporation), Africa’s leading infrastructure development finance institution.The accession of Malawi to AFC’s membership is a progression of the Corporation’s existing investment footprint in the country. AFC had previously acted as Joint Mandated Lead Arranger (MLA) and Lender for a US$60 million commodity trade finance facility to Meridian Consolidated Investments Ltd (Malawi), the integrated agricultural commodities trading group to finance Meridian’s fertilizer importation and sale in four Southern African countries

Malawi’s accession also supports AFC’s membership expansion strategy into Southern Africa, and continued alignment of its country membership with its investment footprint. Malawi, which signed its letter of adherence on 8th March 2018, becomes AFC’s 18th member state. 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.

Cumulatively, the Corporation has to date 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.

Andrew Alli, CEO of AFC, commented on the announcement: “We are delighted to welcome Malawi as a member country of the Corporation. Malawi has a rich pipeline of bankable investments in the infrastructure space, and we are looking forward to exploring these opportunities. We are confident our unique business offering across project advisory, project development and financing in our 5-specialist sectors will go a long way towards closing the infrastructure gap in the country”.

Hon. Dr. Goodall Gondwe, Malawi’s Minister of Finance, also commented on the announcement: “Malawi has an abundance of infrastructure projects with huge financial and social potential that will create benefits for all stakeholders, and close the country’s infrastructure gap. We are, therefore, honoured to join AFC, and become a member state of the Corporation. We look forward to further engaging with AFC’s management to support the delivery of critical projects across Malawi”.

 

First Posted Here