Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia.
This agreement was signed at the just concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Through this partnership, AFC and Mizuho Bank are committed to co-financing infrastructure projects in Africa across key sectors including energy, transport and telecoms.
The agreement also aimed at realignment of Africa’s trading position, providing innovative finance instruments to facilitate trade between Africa and Japan.
For AFC, the Corporation will benefit from closer access to Japanese and Asian capital markets for its fundraising activities.
For over 15 years, AFC has built experience mobilising global capital for critical infrastructure projects in Africa. The Corporation has recently received equity investments from Public Investment Corporation (PIC), Africa’s largest asset manager, Seychelles Pension Fund, the Government of Sierra Leone, and the Central Bank of Guinea, signalling investors’ confidence in AFC’s key role in elevating Africa as a critical engine of global growth.
The Corporation has invested over $10 billion in 35 countries across Africa since inception.
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