Togo joins Africa Finance Corporation’s shareholding

Finance
Thursday, 15 July 2021 14:06
Togo joins Africa Finance Corporation’s shareholding

(Togo First) - Togo has officially joined the shareholding of the Africa Finance Corporation (AFC), two and a half years after becoming a member. This was disclosed on the institution’s website on July 13. 

AFC has been a critical development partner in supporting key sectors of our economy including power, transport and logistics. Becoming a shareholder in AFC is a natural next step to further strengthen the partnership that exists between Togo and the Corporation,” said Togo’s minister of economy and finance, Sani Yaya.

The AFC, let’s recall, injected €30 million in the construction of the Kekeli Efficient Power thermal power plant, and $150 million in the Industrial Platform of Adetikope (PIA). 

Now that Togo is a shareholder of the AFC - same as Guinea which also joined - it should get, in addition to dividends, more financing from the Lagos-based leading infrastructure solutions provider in Africa. 

We are pleased to welcome the Republic of Guinea and Togolese Republic as shareholders in Africa Finance Corporation. In addition to current projects, we are expanding our footprint in both countries with an active pipeline of projects in natural resources, renewable energy, transport and logistics,” Samaila Zubairu, AFC President & CEO, said.

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