TSMC to begin construction of European chip factory in Q4 '24    German inflation up to 2.4% in April    Biden harshly hikes tariffs on Chinese imports to protect US businesses    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Oil steady in early Tuesday trade    Indonesia kicks off 1st oil, gas auction    Cred entrusts Ever's clubhouse operations to Emirati firm Dex Squared    Mabany Edris boosts Koun Project investment to EGP 7bn    Sales of top 10 Egyptian real estate companies hit EGP 235bn in three months: The Board Consulting    Key suppliers of arms to Israel: Who halted weapon exports?    Trend Micro's 2023 Cybersecurity Report: Blocking 73 million threats in Egypt    Egypt and OECD representatives discuss green growth policies report    Egypt, Greece collaborate on healthcare development, medical tourism    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Intel eyes $11b investment for new Irish chip plant    Al-Sisi inaugurates restored Sayyida Zainab Mosque, reveals plan to develop historic mosques    Shell Egypt hosts discovery session for university students to fuel participation in Shell Eco-marathon 2025    President Al-Sisi hosts leader of Indian Bohra community    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mauritius becomes AFC's 23rd Member State
The AFC's statement cites Mauritius's high emphasis on infrastructure investment, with a particular focus on three of AFC's sectors in investment: power, transport, and logistics.
Daily News Egypt Published in Daily News Egypt on 14 - 09 - 2019

Mauritius has become the 23rd member state of the Africa Finance Corporation (AFC), Africa's leading investment grade, infrastructure solutions provider, AFC announced in a press statement.
The statement indicates that Mauritius has continued to register impressive economic progress, including a near fivefold increase in its GDP per capita in the last 30 years. Additionally, it is consistently one of the highest-ranking countries in Africa in the UN's Human Development Index.
The AFC's statement cites Mauritius's high emphasis on infrastructure investment, with a particular focus on three of AFC's sectors in investment: power, transport, and logistics.
"We are pleased to welcome Mauritius as a member state of the AFC. Through its commitment to promoting private sector-led solutions for its development challenges, Mauritius presents an excellent partnership opportunity for the AFC's mandate to develop and finance infrastructure, natural resources and industrial assets for enhanced productivity and economic growth of African states. We look forward to significantly contributing to Mauritius's growth story," said Samaila Zubairu, President and CEO of the AFC.
The AFC will engage the Mauritian authorities and private sector on how it can best contribute toward developing the country's infrastructure.
The Mauritius Africa Fund (MAF), SBM Group and the AFC are in discussions currently with regards to the establishment of an Africa-focused infrastructure and industrialisation fund (the Fund). The Fund, a Mauritius initiative, will seek to collaborate and mobilise funds from key institutional investors for investment in crucial infrastructure projects, and facilitate the setting up of special economic zones across the African continent.

Clic here to read the story from its source.