{"id":13586,"date":"2022-04-04T13:05:50","date_gmt":"2022-04-04T13:05:50","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/weve-invested-1-6bn-in-nigeria-afc"},"modified":"2022-04-04T13:48:55","modified_gmt":"2022-04-04T13:48:55","slug":"weve-invested-1-6bn-in-nigeria-afc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc","title":{"rendered":"We\u2019ve invested $1.6bn in Nigeria \u2013AFC"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The African Finance Corporation (AFC) says it has invested at least $1.6billion in Nigeria and over $10 billion in projects across 35 African countries since its inception in 2007.<\/p>\n

At a press conference to mark its 15th anniversary in Lagos, President\/CEO of African Finance Corporation, Mr Samaila Zubairu, said the Corporation was committed to doing more in line with its mandate to catalyse private sector-led infrastructure investment across Africa. Become a partner with USA companies, promote their offers and get paid in US Dollars weekly, Nigerians are earning about $465 weekly. Click here to see how you too can get paid .<\/p>\n

According to him, transport and energy sectors remain top priorities while telecommunication & technology among others follow among the 20 Projects invested so far. He stressed the need for Africa to invest in human capital development to challenge China and India\u2019s dominance in that space in the near future.<\/p>\n

\u201cWe need to invest in the future workforce, we want to see Africa build a stronger workforce than China and India combined by 2035. We are rebranding with Instrumental Infrastructure. Instrumental Africa\u2019 as its strapline and to deliver new infrastructure potential,\u201d<\/p>\n

Meanwhile Zubairu has said that despite the pandemic and commodity-driven headwinds impacting AFC\u2019s operating environment, its annual profits increased by 26.6 per cent to $209.7 million in 2021, crossing the $200 million mark for the first time in its 15-year history, from $165.5 million in 2020, with total assets rising 16.3 per cent to a record $8.56 billion. He affirmed that the increase could partly be attributed to investments in high impact assets in targeted sectors across Africa, noting that it leveraged on its investment-grade credit rating and reputation to mobilise finance from international markets to help reduce Africa\u2019s infrastructure deficit.<\/p>\n

\u201cThis has been a year of solid progress in our core objectives of building value to Africa\u2019s economies through instrumental infrastructure driving growth and job creation,\u201d Samaila Zubairu said.<\/p>\n

\u201cAs the proverb goes, the best time to plant a tree was 20 years ago; the second-best time is today. We have proven over our 15-year history that you can successfully build a track record in infrastructure investment in Africa\u2014and there has never been a better time to do so.\u201d<\/p>\n

The Corporation boss added that -AFC\u2019s reach on the continent was now larger than it had ever been, with investments expanding to 35 countries and cumulative disbursements rising 14 per cent to $9.9 billion (2020: $8.7 billion) and increasing Member States by five to 33, with the accession of Burkina Faso, Democratic Republic of Congo, Egypt, Morocco and Niger. \u201cAfrica\u2019s strong recovery from the global pandemic, creation of the African Continental Free Trade Area, and AFC\u2019s launch of new investment vehicles like the Infrastructure Climate Resilient Fund, combined to provide a compelling opportunity for institutional and private sector investors to join the Corporation in projects that offer both transformative impact across the ESG spectrum and strong risk-adjusted returns.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The African Finance Corporation (AFC) says it has invested at least $1.6billion in Nigeria and over $10 billion in projects across 35 African countries since its inception in 2007. At a press conference to mark its 15th anniversary in Lagos, President\/CEO of African Finance Corporation, Mr Samaila Zubairu, said the Corporation was […]<\/p>\n","protected":false},"author":84,"featured_media":13585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[5666,2355,2361,260,5665],"class_list":["post-13586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-afc","tag-africa-press","tag-africa-press-gambia","tag-gambia","tag-invested"],"yoast_head":"\nWe\u2019ve invested $1.6bn in Nigeria \u2013AFC - Gambia<\/title>\n<meta name=\"description\" content=\"The African Finance Corporation (AFC) says it has invested at least $1.6billion in Nigeria and over $10 billion in proje ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019ve invested $1.6bn in Nigeria \u2013AFC\" \/>\n<meta property=\"og:description\" content=\"The African Finance Corporation (AFC) says it has invested at least $1.6billion in Nigeria and over $10 billion in proje ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-04T13:05:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-04T13:48:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-624af7261076c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"We\u2019ve invested $1.6bn in Nigeria \u2013AFC\",\"datePublished\":\"2022-04-04T13:05:50+00:00\",\"dateModified\":\"2022-04-04T13:48:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\"},\"wordCount\":496,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-624af7261076c.jpg\",\"keywords\":[\"\u2013AFC\",\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\",\"invested\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/weve-invested-1-6bn-in-nigeria-afc\",\"name\":\"We\u2019ve invested $1.6bn in Nigeria \u2013AFC - 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