AFC drives African project development

afclogofrom OKORO CHINEDU in Lagos , Nigeria
LAGOS, (CAJ News) – THE Africa Project Developers Initiative (APDI) has been launched to promote and enable economic growth in the continent.

The think-tank and network scheme is the initiative of the Lagos-based Africa Finance Corporation (AFC).

It creates a platform that fosters continuous dialogue amongst members, standardizes project development documentation, develops market benchmarks, enables knowledge transfer, leads and facilitates independent research and serves as a policy advocacy forum for the industry.

Oliver Andrews, Executive Director and Chief Investment Officer of AFC, said there were huge opportunities for international investors in Africa if its much-needed large scale infrastructure projects were bankable.

“As one of Africa’s leading project developers, AFC knows the challenges facing both developers and investors and has successfully negotiated them in the past to bring about some of the continent’s most significant infrastructure projects,” said Andrews.

He said APDI would combine API’s experience and expertise with partners to create innovative solutions to the issues inherent with project development.

AFC’s mission is to address Africa’s pressing infrastructure needs and build the foundations for robust economic development across the continent.

To date the, it has invested over US$5 billion in projects across 22 African countries and in a wide range of sectors including power, telecommunications, transport and logistics, natural resources and heavy industries.

– CAJ News

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Posted by on Apr 21 2016. Filed under Africa & World, Finance, Investing, National, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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