Comoros has become the 44th member of the Africa Finance Corporation (AFC).
AFC, the continent’s leading infrastructure solutions provider, now includes more than two-thirds of African countries in its network.
Through this agreement, Comoros may have new opportunities to progress in various critical infrastructure projects.
As an island nation located at the crossroads of Africa and the Indian Ocean, Comoros faces unique climate risks. This highlights how important such an organization could be for the country.
With the positive opportunities that come with joining AFC, Comoros can collaborate with the Corporation’s network in project development and capital mobilization.
Ibrahim Mohamed Abdourazak, the Minister of Finance, Budget, and Banking of Comoros, commented on the partnership:
“This is a momentous step for the Union of Comoros as we officially join the AFC. This membership opens new doors for infrastructure development and economic growth. Given the Corporation’s track record, we are confident that this partnership will accelerate our nation’s transformation.”
Samaila Zubairu, President and CEO of AFC, commented on Comoros’ membership:
“We are pleased to welcome Comoros as our 44th member. This partnership reflects a shared ambition to explore sustainable development solutions. We look forward to working with the government of Comoros to identify opportunities that align with their national priorities.”