The Africa Finance Corporation (AFC) Visits Singapore

17 January 2025
The Africa Finance Corporation (AFC), a recent ASEACC member and longtime partner of other ASEACC member Olam International, visited Singapore this week. Their representatives were Banji Fehintola (CFA), Executive Board Member & Head, of Financial Services; Mohammed Usman Abdul-Razaq, Senior Vice President, Head of Capital Mobilization and Partnerships; and Temitope Mudabai, Vice President, Capital Mobilisation and Partnerships. ASEACC's meeting with the AFC was also attended by Haresh Aswani of Tolaram Group, Jaya Krishnan of Enterprise Singapore, Gabriel Wang of Top International Holding, and Low Kai Lun of Wilmar International.

The AFC looks to partner with Singapore to create win-win collaborations. It provides access to a quality and impactful pipeline of projects, derisking and structuring capabilities, and access to a reliable and reputable Pan-African platform. This works to drive meaningful influence and develop its Africa investment strategy and opportunity.
For instance, the AFC sees significant potential in Africa's expanding digital infrastructure, driven by rising internet demand, mobile adoption, and digital commerce. Collaborating with Africa can help Singapore achieve its 2030 digital targets by leveraging these growth trends. Investment in data centers, fiber optics, and satellite technology, combined with digital innovation hubs, can foster talent and create a robust digital ecosystem, driving economic growth and job creation, and benefiting both regions.
ASEACC continues to look forward to future investments and connections with the AFC.