Africa Matters

AFC Backs Construction of Africa’s Largest Gas-to-Methanol Plant

By Edson Baraukwa | Africa Guardian Africa Finance Corporation (AFC) is spearheading a major initiative to support the development of Africa’s largest gas-to-methanol plant in Akwa Ibom, Nigeria. This project aims to significantly cut CO2 emissions by converting flared natural gas into valuable methanol, used in solvents, paints, plastics, and automotive parts. The plant will initially produce 1.8 million…

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Egypt becomes first North African shareholder in Africa Finance Corporation

Egypt has joined Africa Finance Corporation, the continent’s  infrastructure solutions provider, as the first North African sovereign shareholder, further diversifying AFC’s expanding equity investor base. Egypt’s Minister of Finance, H.E. Dr Mohamed Maait. PH0T0 | Supplied An AFC Member State, Egypt’s equity commitment and its imminent representation on the AFC Board of Directors enhances the Corporation’s pan-African spread of…

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