<\/p>\n
Africa Finance Corporation (AFC) (www.AfricaFC.org<\/a>), the continent\u2019s leading infrastructure solutions provider, announces Burundi and S\u00e3o Tom\u00e9 & Pr\u00edncipe as its newest member countries, expanding its community of sovereigns to 42 African nations.<\/p>\n<\/p>\n Despite significant macroeconomic headwinds, AFC has doubled its membership in the last five years, strengthening its mandate to resolve regional challenges and catalyze private sector-led infrastructure development across Africa.<\/p>\n<\/p>\n The onboarding of Burundi expands AFC\u2019s footprint in East Africa following the recent memberships by South Sudan, Ethiopia, and Somalia and legacy memberships by Kenya, Uganda, Rwanda, Djibouti, and Eritrea. The Corporation is now applying its experience in infrastructure development and financing to support Burundi\u2019s National Development Plan to modernize and diversify the land-locked economy, including growth-enhancing sectors such as mining, transportation, logistics, and energy.<\/p>\n Burundi\u2019s Minister of Finance, Budget, and Economic Planning, Hon. Audace Niyonzima, said, \u201cI am delighted that Burundi has joined the membership of AFC. This decision is not only a milestone for our country but also an opportunity for us to foster sustainable economic growth and develop our infrastructure leveraging AFC\u2019s vast network and reach across the continent.\u201d<\/p>\n The addition of S\u00e3o Tom\u00e9 and Pr\u00edncipe further diversifies AFC\u2019s reach in Portuguese-speaking Lusophone countries. The West African twin island joins AFC\u2019s existing Lusophone members, including Angola, Guinea Bissau, and Cape Verde. The Corporation plans to support the country\u2019s target of generating half of all renewable electricity by 2030. AFC also intends to support the nation\u2019s quest to develop sustainable and resilient transport infrastructure to withstand climate change impacts. S\u00e3o Tom\u00e9 and Pr\u00edncipe is particularly vulnerable to rising temperatures, changes in precipitation patterns, higher sea levels, and extreme weather due to its geographical location and isolation, according to the World Food Programme.<\/p>\n<\/p>\n In both regions, AFC has led extensive developments, delivering on transformative projects such as the 26MW Cabeolica Wind Farm in Cape Verde, the recently inaugurated 60MW Red Sea Power Wind Farm in Djibouti, the country\u2019s first renewable energy Independent Power Project, and the Segilola Gold mine in Osun State which is Nigeria\u2019s first commercial-scale gold mine. \u00a0<\/p>\n<\/p>\n \u201cWe welcome S\u00e3o Tom\u00e9 and Pr\u00edncipe, and Burundi into the AFC community and look forward to furthering our close collaboration with both nations\u2019 governments to help advance their economic development and industrialization,\u201d said Samaila Zubairu, President & CEO of AFC. \u201cI am confident that working together, we will quickly identify projects that will prove transformative in driving import substitution, value addition, job creation, and beneficiation of the abundant natural wealth of both nations.\u201d<\/p>\n<\/p>\n Distributed by APO Group on behalf of Africa Finance Corporation (AFC).<\/i><\/p>\n Media Enquiries:<\/strong> Gavin Serkin About AFC:<\/strong> Sixteen years on, AFC has 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 42 member countries and has invested US$12.7 billion across Africa since inception.<\/p>\n www.AfricaFC.org<\/a><\/p>\n Source<\/a> Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent\u2019s leading infrastructure solutions provider, announces Burundi and S\u00e3o Tom\u00e9 & Pr\u00edncipe as its newest member countries, expanding its community of sovereigns to 42 African nations. Despite significant macroeconomic headwinds, AFC has doubled its membership in the last five years, strengthening its mandate to resolve regional challenges and catalyze […]<\/p>\n","protected":false},"author":11,"featured_media":161851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.africa-newsroom.com\/files\/large\/3dd114cd41db8d7","fifu_image_alt":"","footnotes":""},"categories":[4262],"tags":[258,256,4263,747,13298,5988,9873,7829,5879,257,8751,8749,254,42924,8750],"class_list":["post-161850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-angola","tag-africa","tag-africa-news","tag-angola-news","tag-burundi","tag-continent","tag-corporation","tag-expand","tag-finance","tag-membership","tag-news","tag-principe","tag-sao","tag-south-africa-today","tag-threequarters","tag-tome"],"fifu_image_url":"https:\/\/www.africa-newsroom.com\/files\/large\/3dd114cd41db8d7","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/161850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=161850"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/161850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/161851"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=161850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=161850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=161850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nYewande Thorpe
\nCommunications
\nAfrica Finance Corporation
\nMobile: +234 1 279 9654
\nEmail:\u00a0yewande.thorpe@africafc.org<\/a><\/p>\n<\/p>\n<\/p>\n
\nNew Markets Media & Intelligence
\nTelephone: +44 20 3478 9710
\nEmail:\u00a0gserkin@newmarkets.media<\/a><\/p>\n
\nAFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. AFC\u2019s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa\u2019s infrastructure development needs and drive sustainable economic growth.<\/p>\n<\/p>\n
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South Africa Today Africa \u2013 Southern Africa Angola<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"