Media
AFC to invest in Capital Alliance Property Investment Company (CAPIC
28 Oct 2008
Lagos, 28 October 2008 - The Board Risk and Investment Committee of Africa Finance Corporation (AFC) approved that the Corporation should invest in Capital Alliance Property Investment Company (CAPIC). CAPIC is a real estate fund established for the purpose of making equity and quasi-equity investments in residential, commercial and hospitality properties in West Africa.
AFC's investment in the CAPIC fund allows the Corporation to facilitate the strengthening of professional investment institutions and infrastructure development companies in Nigeria and Africa. AFC is a private sector led bank and a development finance institution which invests equity in projects and organizes bridge financing to ensure that projects are executed expeditiously while raising long-term debt for transactions.
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