Africa Finance Corporation (AFC) has released its annual Development Impact Report, showcasing significant achievements across 36 African countries. The report reveals that AFC-backed projects have contributed over US$50 billion to GDP and created 7 million jobs through 166 projects.
A standout achievement is the establishment of Infinity Power, Africa’s largest renewable energy platform, which currently delivers 1.4 GW of clean electricity and plans to reach 3 GW by 2030. The platform demonstrates AFC’s commitment to leading Africa’s energy transition.
Notable projects include the Lobito Rail Corridor linking Angola, DRC, and Zambia, which has reduced export timelines from 45 to 7 days, and the Kamoa-Kakula copper mine, contributing 6% to DRC’s GDP. The organisation’s success in blending strategic development with commercial viability offers a blueprint for accelerating Africa’s infrastructure development.
Read the original article here: https://africafinancecorporation.africa-newsroom.com/press/africa-finance-corporation-reports-us50-billion-gdp-impact-and-7-million-jobs-created-through-scalable-infrastructure-model?lang=en