The Central African Republic (CAR) has joined the Africa Finance Corporation (AFC), becoming the continental infrastructure solutions provider’s 46th member state.
- •The CAR is a resource rich country abundant with diamonds, gold, timber, and other natural resources.
- •Despite its abundant resources, the CAR is one of the most fragile states on the continent.
- •The AFC now has 46 member states and over 47 shareholders including sovereigns, pension funds, banks, and multilateral across Africa.
“As one of Africa’s most resource-rich nations, CAR has the potential to transform its natural wealth into economic prosperity. As such, we look forward to partnering with the Republic on transformational infrastructure projects that drive job creation, industrialisation and deeper regional integration,” Samaila Zubairu, President & CEO of Africa Finance Corporation said.