EQS-News

Africa Finance Corporation (AFC) and Cassa Depositi e Prestiti S.p.A (CDP) Agree New Alliance to Strengthen African-Italian Investment Collaboration

EQS-News: Africa Finance Corporation (AFC) / Key word(s): Alliance Africa Finance Corporation (AFC) and Cassa Depositi e Prestiti S.p.A (CDP) Agree New Alliance to Strengthen African-Italian Investment Collaboration 10.05.2024 / 15:40 CET/CEST The issuer is solely responsible for the content of this announcement.

Africa Finance Corporation (AFC) and Cassa Depositi e Prestiti S.p.A (CDP) Agree New Alliance to Strengthen African-Italian Investment Collaboration

 

Africa Finance Corporation (AFC) (www.AfricAFC.org), Africa’s leading infrastructure solutions provider, in partnership with Italy’s national development finance institution Cassa Depositi e Prestiti S.p.A (CDP) yesterday announced a landmark Memorandum of Understanding (MoU) that sets out to elevate Italian-African business collaboration, contributing to sustainable growth and prosperity on a global scale.

AFC and CDP signed their commitment yesterday at the Italy-Africa Business Dialogue Forum in Rome. The strategic alliance endeavours to bolster African infrastructure, harness natural resources, and propel industrial development through shared expertise and enhanced financial cooperation, while fostering the internationalisation of Italian businesses and expanding their global footprint.

The two institutions will work together to identify and engage in future partnerships and co-financing opportunities in development and infrastructure projects with governments, companies and financial entities. The institutions will create a shared platform to foster dialogue between Italian and African companies in AFC’s member countries.

Samaila Zubairu, President & Chief Executive Officer of AFC, said: "This strategic MoU with CDP marks a pivotal step in expanding our impact throughout Africa by utilising our extensive connections to international capital and expertise. By combining our resources and networks, we are poised to expand our record of transformative projects to catalyse sustainable development and economic advancement across the region."