Business
Africa Finance Corporation seeks to invest $3 billion across sub-Saharan Africa
“We see potential for electricity investments in Kenya and particularly for renewables, both geothermal and also wind,” Alli said, adding that they were in talks with other firms they could invest in.
“We probably are looking to put in total at least another US$100-US$150 million into Kenya in the next 18 months if things work out correctly.”
Nigerian Power
Other potential investments being evaluated include some in the Nigerian power sector where planned privatizations later this year could open up opportunities, Alli said.
The AFC is also assessing investment opportunities in Senegal, Ethiopia, Ghana and Ivory Coast, where they have already secured approval to fund construction of a tall bridge in Abidjan, Alli added.
“Infrastructure is the skeleton that economic growth generally hangs,” he said.
Alli said the main risks facing investments in Africa include a slowdown in the global economy, which could cut demand for export commodities, and changes in governments that often lead to sudden shifts in policies.
