Africa Finance Corporation welcomes new Independent Director
April 26, 2016
Mr Grant T. Harris, Independent Director of AFC
LAGOS, Nigeria, 26 April 2016 -/African Media Agency (AMA)/- Africa Finance Corporation (AFC) is pleased to announce the appointment of Grant T. Harris as an independent Director.
About AFC – www.africafc.org
AFC, an international investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1 billion, to be the catalyst for private sector infrastructure investment across Africa. With a current balance sheet size of approximately US$3.2 billion, AFC is now the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. In May 2015, AFC successfully concluded a debut US$750 million Eurobond issue which was 6 times oversubscribed and attracted investors from Asia, Europe and the USA.
AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.
AFC invests in high quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications.
AFC has become the benchmark institution for private sector power project development and investment in Africa.
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