AD Ports Group, the leading global facilitator of trade, logistics, and industry, has signed a collaboration agreement with Africa-based leading infrastructure solutions provider, Africa Finance Corporation (AFC) in order to address infrastructure gaps across the continent.
The agreement provides the basis for the two organizations to join forces on identifying, financing, developing, and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa.
According to the statement, both parties will bring their technical expertise and strong financial capacity, and networks to a range of development initiatives, focusing on brownfield and greenfield opportunities.
AFC is a pan-African multilateral development finance institution that bridges the infrastructure investment gap through the provision of financing solutions that cover the entire project cycle as well as technical and advisory services.
“Some of the world’s fastest-growing economies are in Africa, necessitating the creation of a new generation of ports and maritime facilities, supported by smart technology and enhanced freight infrastructure. We see a key opportunity to support African nations in their efforts to develop advanced trade hubs that can manage the rising volume of maritime commerce and deliver excellent connectivity. Working with AFC, we will look to prioritize projects that can make a lasting impact on the economies and communities of their respective nations, in line with the direction of our wise leadership to support progressive development.”
Further, the collaboration agreement could provide vital support for ports and maritime facilities in Africa, which are often overstretched by growing demand for imported goods and export-driven industrial production facilities that require significant investment to modernize and increase capacity and enhance productivity.
Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, said that, “Combining AFC’s specialist expertise and outstanding investment track record with AD Ports Group’s technical proficiency, I am confident that our collaboration will yield the development of some of the most advanced integrated ports and logistics platforms in Africa and the world at large. We look forward to a continued partnership as we work together to unleash Africa’s economic potential and transform lives on the continent.”