Djibouti has become the newest member of Africa Finance Corporation (AFC), an international investment grade multilateral finance institution investing in key infrastructure projects across Africa.
According to a statement, the country’s Minister of Investments in the Office of the President, Mr. Ali Guelleh Aboubaker, while commenting on his country’s membership expressed delight.
He said the government of Djibouti was committed to proactively investing in essential infrastructure to drive economic growth and, “doing what we can to attract international private investors to infrastructure investment opportunities. We look forward to working with AFC to deliver projects with real and positive economic and social impact across the country.”
On his part, the President/CEO of AFC, Andrew Alli said: “Djibouti is a small but important market, with natural strengths as a transport and logistics hub thanks to the government’s successful free trade policies and its location at the gateway to the Red Sea. Djibouti offers some great investment opportunities and AFC is delighted to be assisting Djibouti to meet its full growth potential and to create jobs for its citizens.”
Djibouti is the 14th country and the third east African country to join the AFC. The Corporation’s other members are: Cape Verde; Chad; Ghana; Guinea-Bissau; Guinea; Liberia; Nigeria; Sierra-Leone, The Gambia, Gabon, Côte d’Ivoire, Rwanda, and Uganda.