Daily News (Digital)

Daily News (Digital)

1 Issue, 2025-03-12

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Finance corp turns to foreign investment

MIDDLE EAST: The African Finance Corporation is prioritising attracting foreign investment from Asia and the Middle East amid reduced Western aid and geopolitical shifts, the CEO of the Pan-African multilateral development financial institution said. The African Finance Corporation, a Pan-African multilateral development financial institution, is accelerating efforts to mobilise the continent’s own funds for investment and attract foreign investors, CEO Samaila Zubairu told a Western media outlet. The AFC is seeking to leverage domestic capital from African institutional investors and domestic pension funds, which could unlock $15–20 billion long-term, the CEO emphasised. The AFC plans to expand similar programs to Botswana, Angola, and Kenya this year to boost local funding, the report noted. | Sputnik…
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Daily News (Digital) - 1 Issue, 2025-03-12

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