Türk Eximbank to acquire a minority stake in Africa Finance Corporation.

Türk Eximbank, an export credit agency, agreed to acquire a minority stake in Africa Finance Corporation, an infrastructure solutions provider. Financial terms were not disclosed. “We are pleased to deepen our already strong relationship with Türk Eximbank, an institution that shares a similar vision to accelerate Africa’s path to a prosperous future. Our partnership framework will pave the way for increased bilateral trade and infrastructure investment between Türkiye and Africa with a focus on beneficiating Africa’s abundant natural resources to increase value capture, create local jobs and drive rapid industrialisation on the continent,” Samaila Zubairu, AFC President & CEO.