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Cote d’Ivoire signs 50m euro agreement with Africa Finance Corporation on Abidjan Port expansion


Azubuike Okeh
ABIDJAN – The Cote d’Ivoire government in Abidjan on Friday signed a-50 million euro financing agreement with the Africa Finance Corporation (AFC) on the Port of Abidjan expansion project.
AFC’s President, Andrew Alli told newsmen after a meeting with Prime Minister Daniel Duncan that the agreement would facilitate the funding of the expansion project.
“We met this morning with the authorities of the Port of Abidjan and have signed an agreement to finance the expansion of the port.
“With the agreement, the AFC will grant the sum of 50 million euro for the financing of the expansion project,’’ he said.
AIli further said that the AFC had played roles in financing some development projects in the country.
“Our organisation was involved in the construction of the third bridge in Abidjan and has approved funding for the construction of a hydroelectric plant in Singrobo Tiassalé.
“The AFC has a long standing business relationship with the country refining company, it has invested not less than 100 million dollars in financing the purchase of crude,’’he said.
The News Agency of Nigeria (NAN) reports that the AFC is an American investors-owned financial service institution.
The AFC is involved in providing a full range of specialised services to businesses, institutions, governments.(NAN)

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