PIC to inject $100m into infrastructure investor Africa Finance Corp

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

The commitment will create co-investment chances in projects spanning the power, telecommunications and industrial sectors

The Public Investment Corporation , which manages about R2.3-trillion in government employees’ pension savings, will invest $100m in the Africa Finance Corporation , a multilateral financier of infrastructure investment on the continent.

The AFC said in a statement on Tuesday the PIC has given formal notification to make its inaugural investment in the institution, which it sees as a significant commitment of African pension capital being deployed for the continent’s infrastructure and industrial development...

 

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

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PIC to inject $100m into infrastructure investor Africa Finance CorpThe commitment will create co-investment chances in projects spanning the power, telecommunications and industrial sectors Mxm
Source: BDliveSA - 🏆 12. / 63 Read more »

PIC to invest $100m in Africa Finance CorporationThe Public Investment Corporation (PIC) has given formal notification to make a $100 million (R1.65 billion*) equity investment in multilateral financial institution the Africa Finance Corporation (AFC). Moneyweb Finance AkhonaMatshoba
Source: Moneyweb - 🏆 5. / 77 Read more »