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Bank: Afc receives an equity investment from Rawbank

08/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Africa Finance Corporation (Afc), the continent's leading infrastructure solutions provider, announced on Wednesday, August 7, 2024, that it had received an equity investment from Rawbank.

RawBank is one of the main banking and financial players in the Democratic Republic of Congo (DRC). According to the Afc press release, this injection of equity is part of Afc's strategy to mobilize African capital and diversify its capital base, and recalls its mission to offer pragmatic solutions to Africa's important needs in terms of infrastructure and industrialization. In fact, Afc has been committed to promoting economic transformation and sustainable development in Africa for nearly two decades, and these equity investments not only strengthen the company's capital base, but also broaden its reach and impact across the continent. Afc has mobilized more than 200 million USD in investments in the DRC in its key sectors of natural resources, energy, transport and heavy industries, holding an investment portfolio of more than 850 million USD in the short and medium term

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