About a year and a half ago, Afreximbank led the execution of the single largest intra-African investment financing project in Tanzania. The $2.9bn hydroelectric power project, expected to generate more than 2,000 MW of electricity, was financed solely by African financial institutions and is under implementation by Egyptian construction companies. This adds to almost $5bn worth of similar investment projects funded by the Afreximbank, and executed by African entities during the last four years.Afreximbank has prioritised the promotion of these kinds of African Direct Investments (ADIs, investments by Africans in African countries other than theirs), because it is our considered view that “only Africans can lead Africa’s economic transformation”. Read More.
