LAGOS, May 12 (Xinhua) -- The Africa Finance Corporation (AFC) announced on Thursday it has launched a 2-billion-U.S. dollar facility to support economic recovery in Africa in the wake of global crises including the COVID-19 pandemic and more recently, the Russia-Ukraine conflict.
The Nigeria-based pan-Africa multilateral development financial institution has committed to funding up to 50 percent of the facility and mobilizing the rest through its network of international partners and investors, the AFC said in a statement issued in Abuja, Nigeria's capital.
