Nigeria, 34 Others Benefit From AFC’s $9.9bn Investment In Agric, Infrastructure

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Nigeria and 34 other countries on African continent have benefited from $9.9billion investments of Africa Finance Corporation (AFC) in agriculture and

Despite the pandemic and commodity-driven headwinds impacting its operating environment, the corporation saw its annual profits increase by 26.6 per cent to $209.7 million in 2021, passing the $200 million mark for the first time in its 15-year history, from $165.5 million in 2020.The dramatic increase can partly be attributed to investments in high impact assets in targeted sectors across Africa.

He stated that, “we have proven over our 15-year history that we can successfully build a track record in infrastructure investment in Africa and there has never been a better time to do so.” Governor, Anambra State who was also a former governor of CBN, Chukwuma Charles Soludo, added that, “AFC was set up to be a game changer in terms of its catalytic role in moving Africa forward. AFC was experiment also in African capital developing Africa.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please,don't let people who are not living with Diabetes rob u of your freedom from Diabetes with their bad comments,I can cure Diabetes with the help of God nd leafs,my Herbal mixture is 100% effective with no side effects,you will be able to eat any food,even drink beer,DM pls.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines