Africa Finance Corporation, the continent’s leading infrastructure solutions provider, continues to expand and diversify its membership and shareholder base, recently welcoming Benin, Botswana, the Democratic Republic of Congo, and Somalia.
Accession to membership by Botswana and Somalia advances AFC’s mandate by conferring privileges and diplomatic immunities in line with the Corporation’s multilateral status and provides support for meaningful engagement in these key African economies. Furthermore, it enables AFC to mobilise global capital to work alongside domestic finance for sustainable and viable infrastructure and industrial development in member states. AFC now enjoys member support from three-quarters of African countries, with a total of 40 sovereign members.
Botswana’s Minister of Finance & Economic Development, Peggy Serame, said: “We are pleased to invest in AFC, as the Corporation has demonstrated its commitment as an African entity dedicated…
