Natural Resources

Osam Iyahen, AFC’s Vice President of Investments in charge of natural resources: "Natural resources are critical to many African economies but the majority focus solely on the extraction and exportation of these materials. There is a notable lack of beneficiation and value addition to the raw materials, thereby stifling the growth of downstream industries, where arguably the highest socio-economic impact can be achieved.

"To make the most of these resources, and to encourage the development of supporting industries, we need to ensure that the correct infrastructure is in place. AFC invests in a variety of natural resources and related industrial projects. Recently we have invested in Egyptian petrochemical company Carbon Holdings to help develop downstream petrochemicals and manufacturing industries in Egypt, and in Alufer Mining's Bel Air Bauxite mine, to support the growth of Guinea-Conakry's economy post the Ebola crisis."