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Africa Finance Corporation Support for Infrastructural Development in Sierra Leone

24 Feb 2009

Lagos, 24 February, 2009 - His Excellency, President Ernest Bai Koroma has invited Mr. Andrew Alli, President/CEO of AFC to visit Sierra Leone in the first quarter of 2009. The purpose of the visit is to support infrastructure development in Sierra Leone. Mr. Alli has accepted the invitation and will lead an AFC delegation on a visit to Sierra Leone in March 2009.

AFC was established in 2007 as a private sector-led investment bank and development finance institution with the mission to improve African economies by proactively creating, acquiring, financing and managing infrastructure, industrial and financial assets.

AFC's differentiating value proposition is to use private sector solutions to translate long standing infrastructure challenges in Africa into bankable investments. The AFC's target sectors are: Power, Transport Infrastructure, Heavy Industries, Oil and Gas, Mining and Telecoms.

Sierra-Leone is a member of AFC. Sierra-Leone joined the AFC in April 2008.

In other news:

• Solomon Asamoah assigned the responsibility of Chief Investment Officer and Dr. Adesegun Akin-Olugbade elevated to the post of Executive Director
• Bayo Ogunlesi Appointed Chairman of AFC
• AFC to invest in Capital Alliance Property Investment Company
• Zenon Petroleum & Gas Proceedings to Wind up Africa Finance Corporation Dismissed
• Signing ceremony of a cooperation agreement between AFC & AFREXIMBANK

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