AFC and CDP Forge New Alliance to Bolster African-Italian Investment Ties

Africa Finance Corporation (AFC) and Italy's Cassa Depositi e Prestiti S.p.A (CDP) have signed a Memorandum of Understanding (MoU) aiming to enhance collaboration between Africa and Italy in business and sustainable infrastructure development. This strategic move was announced at the Italy-Africa Business Dialogue Forum in Rome, highlighting their combined efforts to strengthen infrastructure, leverage natural resources, and drive industrial development in Africa.

This partnership will also promote Italian business internationalization and potentially increase their presence globally. The two institutions plan to identify and engage in co-financing opportunities for development projects across government, corporate, and financial entities. They will establish a mutual platform to encourage interactions between companies in Italy and AFC's member countries in Africa.

The alliance builds on previous financial collaborations, including EUR 150 million allocated to sustainable energy and climate-resilient projects. With their joint resources and expertise, AFC and CDP endeavor to catalyze significant economic and environmental improvements across the continent.