At the US-Africa Business Forum, held December 13-15, the US Development Finance Corporation (DFC) announced a new commitment of US$369 million for energy, health and food security in Africa. This amount brings the institution’s total continental exposure to US$11 billion.
Investing in Africa is a top priority for DFC. The best way to advance sustainable development is to mobilize more private sector finance for the continent.
A case in point is the new $100 million pledge to the DFC’s Mirova Gigaton Fund to bring clean energy to African countries. ” The agency’s latest investment on the African continent was $40 million to improve access to off-grid energy.