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MODEC and AFC Sign Co-operation Agreement to Advance Maritime Infrastructure in Africa

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AFC is a multilateral financial institution, established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. 

With 45 member countries and having invested over US$15 billion across the continent, AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs.

This CA is a framework aiming at future cooperation and information exchange in technical studies, market studies, structuring of finance solutions and sourcing of potential projects for future maritime infrastructure space in Africa.

MODEC Group President and CEO, Mr. Hirohiko Miyata, expressed his delight for enhancing relationship with AFC. “We are honored and excited to execute the CA with AFC. Africa is a core market for us with infinite potential for offshore development. MODEC is committed to supporting the development of African countries through our offshore solutions.”

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