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    Nigeria

    Nigeria is planning to launch a fund with an initial capital of USD 1 billion to help homegrown companies invest. The central bank has launched a private placement to raise funds for the proposed African Finance Corporation (AFC) and Nigerian banks had already committed USD 700 million. The AFC aims to be a commercially-driven PPP aimed at reducing poverty by providing credit for…

    By GDB Newsletter // 28 February 2007

    Nigeria is planning to launch a fund with an initial capital of USD 1 billion to help homegrown companies invest. The central bank has launched a private placement to raise funds for the proposed African Finance Corporation (AFC) and Nigerian banks had already committed USD 700 million. The AFC aims to be a commercially-driven PPP aimed at reducing poverty by providing credit for companies to invest in infrastructure and development projects. (Reuters)

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