AFC Invests US$25 Million in Carbon Holdings Alongside IFC and Gulf Capital (MENA)
Source(s): Africa Finance Corporation
Development finance institution and project developer Africa Finance Corporation will invest US$25 million in Egypt-based petrochemicals company Carbon Holdings. International Finance Corporation (IFC) and Middle East-focused alternative investment firm Gulf Capital have also made undisclosed commitments to the company. Carbon Holdings plans to use the funds to expand operations and develop an integrated large-scale petrochemicals platform in Egypt.