Africa Finance Corporation announces Egypt as first North African sovereign shareholder

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Africa Finance Corporation announces Egypt as first North African sovereign shareholder

STORY: Africa Finance Corporation announces Egypt as first North African sovereign shareholder DATELINE: March 8, 2023 LENGTH: 00:01:28 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of infrastructure projects and traffic 2. various of finance minister speaking 3. various of infrastructure projects STORYLINE: The Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, announced on Tuesday that Egypt has joined the entity as the first North African sovereign shareholder. AFC President and CEO Samaila Zubairu said that, through Egypt, the corporation aims to help maximize the impact of investments in systemic solutions within the African country and across the continent, expressing hope to expand its collaboration to elevate Egypt's economy through delivering resilient infrastructure. In September 2021, AFC announced Egypt as its 32nd member state with a plan to invest over 1 billion U.S. dollars in the country. It has already invested over 100 million U.S.

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