Africa: DFC announces $369 million in new energy, fitness and meals safety projects

Soukaina Sghir
Soukaina Sghir
1 Min Read
african energy

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.

Nour el Houda Bouzammour

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