examen des voies d’appui de l’Africa Finance Corporation aux projets algériens dans le pays et à l’international
Meeting Between Algerian Officials and Africa Finance Corporation
On Tuesday, Mohamed Arkab, the Algerian Minister of State for Energy, Mines, and Renewable Energies, hosted a meeting in Algiers with Samaila Zubairu, the Executive Director of the Africa Finance Corporation (AFC). The agenda focused on exploring avenues to support Algerian projects in the energy and mining sectors, both domestically and internationally.
The meeting was attended by key officials, including Karima Tafer, the Secretary of State for Mines, and Noureddine Yassaâ, the Secretary of State for Renewable Energies, along with representatives from Sonatrach and Sonarem, two major companies in Algeria’s energy sector.
Discussion Points
During their discussions, both parties emphasized opportunities for investment and partnership, particularly regarding significant projects in petrochemicals, renewable energies, regional and continental electrical interconnections, and new energy sources. Arkab presented a comprehensive overview of Algeria’s energy, mining, and renewable energy development program, highlighting the country’s vast potential and strategic role in ensuring energy security at both regional and continental levels, in alignment with sustainable development goals.
Zubairu expressed AFC’s commitment to supporting Algeria’s energy and mining projects and reiterated the corporation’s intention to help diversify funding sources and strengthen economic integration across Africa with strategic investments.
About Africa Finance Corporation
Founded in 2007, the AFC is a multilateral financial institution dedicated to financing infrastructure projects across Africa. It provides innovative financing solutions and advisory services for developing initiatives in transport, energy, telecommunications, and natural resources. The institution is backed by 40 African nations and two international financial institutions, enjoying a positive investment rating from international credit rating agencies.
In summary, the meeting between Algerian officials and the AFC signifies a significant step towards enhancing collaboration in energy and mining sectors, emphasizing Algeria’s strategic role in regional energy security and the importance of diversifying financing sources for sustainable development in Africa.
