AFC LOGO
African Finance Corporation (AFC) says it is rebranding to deliver new infrastructure potential for the growth of Africa.
The President of AFC, Mr Samaila Zubairu, said this during the 15th anniversary of the corporation and stakeholders symposium on Friday in Lagos.
He said :“Our new identity reinforces our role in working to advance Africa’s instrumental role as a global growth engine.”
Zubairu said that through impact investing in infrastructure, AFC was committed to helping the continent position itself for greater success in a world of growing crisis and complexity.
“With Africa’s infrastructure investment needs estimated at US$130 to US$170 billion a year, AFC’s new branding is emblematic of its strategic developmental role in the sectors most critical as growth engines for sustainable economic development.
“In the process, millions of jobs required for the continent’s rapidly growing youth population are generated, ” he said
Zubairu said: “This approach leverages on Africa’s many advantages including the African Continental Free Trade Area agreement, which has created a single market of almost 1.4 billion people, the world’s largest.
He also said the approach includes the world’s biggest reserves of minerals such as cobalt which are required for the global green energy transitions.
Zubairu said : “It also projects ZA workforce to exceed that of either China or India by 2034 and a population that is forecast to reach 2.5 billion by 2050 and returns on African infrastructure investments often exceeding that of other emerging markets.
“Our approach puts the spotlight on Africa as a major supplier of beneficiated resources, goods and services, as the primary source of metals and minerals for new energy transition, and jobs for the world’s largest and youngest workforce.
“Our new brand endorses and anticipates the growing role Africa will play as it takes its rightful place on the world stage,” he said.
Mr Godwin Emefiele, Governor, Central Bank of Nigeria, said: “Africa is lucky that AFC was born in Nigeria.”
The CBN governor said that because Nigeria was the largest populated country in Africa, it needed to play a leading role in the establishment of a development finance institution that will truly help to finance infrastructure projects in Africa.
“Our new logo embodies our mission to be the bridge to a prosperous African future, as we relentlessly strive to advance our continent’s instrumental position as it takes its place on the global stage, “Emefiele said.
Also, Charles Soludo, Governor, Anambra State, and former Governor of the Central Bank of Nigeria said : “AFC was set up to be a game changer in terms of its catalytic role in moving Africa forward.
“AFC is one major institution and pan-African institution where the private sector and public sector came in, it’s purely an African capital, in terms of its ownership.
“As Africa’s leading infrastructure finance institution, offering end-to-end finance and consultancy, AFC’s rebranding reiterates its capabilities to deliver across power, heavy industries, natural resources, transport, logistics and telecommunications,” he said.
Soludo said that the AFC’s core approach was turning infrastructure into an instrument for change.
He said : “We consistently deliver fast and sustainable solutions to close Africa’s infrastructure gap and unleash our continent’s prosperity.
Soludo said that in so doing, they seek to elevate Africa’s instrumental role as a critical engine of global growth.
He said : “Through impact investing in infrastructure, we are committed to helping the continent position for greater success in a world of growing crisis and complexity.
Soludo said that ultimately, AFC was working to shine the spotlight on Africa as a major supplier of beneficiated resources, goods and services and as the primary source of metals and minerals for new energy transition.
