The Multilateral Cooperation Center for Development Finance’s (MCDF’s) Governing Committee approved the recommendation for accreditation of the Africa Finance Corporation (AFC) as an Implementing Partner of the MCDF Finance Facility on 19 April.

The Governing Committee is the main decision-making body of the MCDF’s Finance Facility, a multilateral financial mechanism with the mission of enhancing high-quality connectivity infrastructure through partnership.

The AFC has invested USD 11.5 billion in 36 countries across Africa since it was established in 2007 to be the catalyst for private sector-led infrastructure investment across the continent.