AFC, AIAE Enter Strategic Partnership on Collaborative Research
Move strengthens African economic research capability
 

19 February, 2008

The Africa Finance Corporation (AFC) and the African Institute for Applied Economics (AIAE) have entered a strategic partnership on collaborative research. Both institutions serve as valuable resource providers for knowledge and analytical data on African development issues. AFC and AIAE recently signed a memorandum of understanding that will produce close collaboration between the two organizations on sector studies, policy analysis and industry and project appraisals. The partnership is one of various such collaborative efforts that AFC will have with Africa-oriented institutions.

The partnership is underpinned by both organizations’ shared pan-African values for promoting the continent’s economic development and effective integration into the global economy. AFC and AIAE will leverage each other’s strengths to produce evidence-based knowledge of sector, industry and business opportunities as well as constraints in various sectors of African economies. AFC is an investment bank and development finance institution created to help mobilize and channel required capital to drive African development. Established in 2007, it focuses on the advancement of infrastructure on the continent—in particular, power, transport infrastructure, heavy industries, oil and gas, mining, and telecommunications.

AIAE is an independent, non-partisan organisation devoted to economic research, capacity building and networking. Established in 2000, its mission is to provide intellectual leadership in helping African countries think through the emerging economic renaissance. It carries out its research and analytical work through an African network of highly qualified and experienced researchers and experts in economics, social sciences, accounting, finance, management sciences and applied sciences.

More information on the AFC and the AIAE can be found at the organisations’ respective websites: www.africafc.org and www.aiae-nigeria.org.