Africa Finance Corporation (AFC), a leading infrastructure solutions provider, has welcomed Egypt as its newest member state.
Egypt’s accession expands AFC’s footprint in North Africa, after Morocco joined in June this year. As a member, Egypt will enjoy benefits including increased investment allocation, preferred access to AFC’s structuring and lending solutions, reduced debt costs for projects, and access to advisory and project development services.
Egypt’s Prime Minister Dr Mostafa Madbouly, said the North Africa’s most populous nation was committed to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential $1 billion of investments.
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