Egypt has become the latest member of the Africa Finance Corporation, opening up the path for potential investments tallying up to one billion dollars. “With the increasing importance of public-private partnerships in advancing the African continent and Egypt in particular, we are pleased to accede to membership of a renowned and trusted pan-African institution like the Africa Finance Corporation,” Egypt’s Prime Minister Mostafa Madbouly said. The most populous nation in North Africa, Egypt has previously seen investments from the AFC worth over $100 million in infrastructure projects such as Egyptian General Petroleum Corporation. The meeting, which involved Prime Minister Madbouly and Finance Minister Mohamed Maait, saw the signing of an instrument of adherence to the AFC’s membership. Since its establishment, it has invested $8.7 billion in projects in 35 African nations.