02 | OPERATIONS – DELIVERY BY SECTORS
34 %
Africa is a key region for the OPEC Fund, with almost 50 percent of aggregate financing dedicated to the continent. Working with regional partners like the AFC, the Fund seeks to deepen its impact throughout
the continent. By making long-term sustainable finance accessible to infrastructure projects, the two institutions are working to address the funding deficit and transform Africa’s prospects.
Road access rate in Africa
30 % Share of Africa’s population with access to electricity
5 %
Share of Africa’s agriculture under irrigation
Source: AfDB
This US$50 million financing to the AFC signifies the OPEC Fund’s ongoing commitment to support Africa’s infrastructure requirements. This is also a testament to a long-standing partnership between the two institutions that brings development of critical infrastructure to Africa. By leveraging our strengths, we are fulfilling our mandates and enhancing development impact across the region demonstrating the results of our cooperative approach. SAID TAUFIK RIDHA Director, Portfolio Management, Private Sector & Trade Finance Operations, OPEC Fund
A new generation will build a new Africa.
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