African infrastructure development funder, the Africa Finance Corporation (AFC), on Tuesday announced that it had received a new equity investment from Democratic Republic of Congo (DRC) bank and financial group Rawbank. The AFC’s shareholders include African governments, banks, pension funds and insurance companies. The objective of the AFC is to mobilise African capital and use it to provide pragmatic solutions to the continent’s major infrastructure and industrialisation needs. (Its only shareholder from beyond Africa is the Turk Exim Bank, a Turkish State agency, which invested in the AFC last year.)
