Africa Finance Corporation Partners with Cassa Depositi e Prestiti to Boost Italian-African Investments

Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has joined forces with Cassa Depositi e Prestiti S.p.A (CDP), Italy's national development finance institution, by signing a Memorandum of Understanding (MoU). This agreement, announced at the Italy-Africa Business Dialogue Forum in Rome, aims to promote sustainable growth and expand Italian businesses in Africa.

The collaboration seeks to enhance infrastructure and industrial development in Africa by combining expertise and financial resources from both entities. Additionally, it will create a platform for dialogue and potential co-financing opportunities between Italian and African companies and institutions. This strategic alliance will likely influence economic advancement and sustainable development across the region.

This MoU builds on a previous partnership that included significant financial agreements aimed at funding renewable energy and climate-resilient projects in Africa. With this renewed commitment, AFC and CDP aim to broaden their impact through initiatives focusing on economic and environmental development.