Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Japan Bank for International Cooperation (JBIC), Japan’s policy-based financial institution, have signed deal to collaborate on infrastructure projects that contribute to accelerating energy transition in Africa and promoting economic sustainability on the continent.
This collaboration aims to develop and finance infrastructure projects on the continent that contribute to accelerating Africa’s path to net-zero in a pragmatic way. Priority projects include renewable energy technologies/systems (including green and blue hydrogen and ammonia), highly energy-efficient powerplants and carbon capture and storage (CCS) technology amongst others.
Sanjeev Gupta, Executive Director & Head of Financial Services, Africa Finance Corporation, said: “Partnerships with like-minded financial institutions like JBIC are critical in mobilizing the capital and expertise needed to…
