AFC, SMDF Partner on Funding, Technical Advisory in Nigeria

By mitigating risks that would have previously prevented projects from securing finance, the AFC-SMDF partnership aims to unlock the full potential of the Nigerian commercial mining industry.

“AFC is a premier investor in Nigeria’s mining sector, a top priority for the Federal Government to attract Foreign Direct Investment and drive diversification of the economy,” stated Sameh Shenouda, Executive Director and Chief Investment Officer, AFC.

“This partnership with the SMDF will enable the corporation to continue to drive the closure of bankable mining projects that are critical to Africa’s economic diversification efforts, value addition and the energy transition.”

With the MoU, the AFC and SMDF will focus on creating a pipeline of high-quality and feasible commercial mine projects that offer opportunities for long-term economic growth.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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