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The partners will focus on pri [...]

CalTek.Net, Kenneth Wyrick
- 03/04/2020 20:29:59

The partners will focus on priority sectors including critical infrastructure, power and energy, financial service and agriculture. They will prioritize investments that empower the region’s women. Through these efforts, DFC and the Bank aim to invest a combined $2 billion, with a goal of mobilizing an additional $3 billion from the private sector alongside its investments. Doing so would support total investment of $5 billion in regional development projects. The partners will use debt financing, equity investments, political risk insurance, and other financial tools to meet these goals.

The collaboration will advance a private sector-led model that offers a robust alternative to unsustainable state-led investments that undermine long-term prosperity and stability in Africa.