Africa Finance Corporation and Japan Bank for International Cooperation collaborate to accelerate energy transition in Africa : TechMoran

by Digital Brainiacs
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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.

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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…

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