Concord Times (Freetown)
Rachel Horner
8 April 2008
Chief Executive Officer of CON Dangote Group has said in Freetown that the Africa Finance Corporation (AFC) was ready to invest in power generation through transmission and distribution of up to 100 and 150 megawatts.
Alhaji Aliko Dangote told a press conference Monday that his company would also invest in ferry service, better helicopter service and port infrastructure.
"We will also assists in providing 3 modern ferry, better helicopter services and port infrastructure," he said He noted that AFC is a private sector-led investment bank and development finance institution created to help mobilize and channel required capital towards driving Africa's economic development.
Dangote said they would be sending a technical team next week to work with the authorities to start looking at these areas and see how much it would cost.
President and Chief Executive Officer Africa Finance Corporation Austine O. Ometoruwa said AFC has a paid up capital of US$1.2 billion base to support early and intermediate stage of the projects.
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