- New partnership to enhance Saudi-Africa trade, focusing on non-oil exports and infrastructure projects
- Agreement aligns with Saudi Arabia’s Vision 2030 strategy to diversify away from oil dependency
Abuja, Nigeria – The Africa Finance Corporation (AFC), a development finance bank specializing in infrastructure, announced a partnership with Saudi Arabia’s Export-Import Bank aimed at tapping into African investment opportunities. The agreement, signed in Washington on October 28, will facilitate cooperation on initiatives to boost non-oil exports between Saudi Arabia and African nations, the AFC stated.
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