Developing bankable projects at sub-national levels

The Vice President of Financial Institutions at the Africa Finance Corporation (AFC), Samson Vese, emphasized the need for more work in terms of project development to transform initiatives into bankable projects at the sub-national levels. Vese shared his insights with CNBC Africa on the side-lines of the Cross River International Cooperation and Investment Summit, highlighting AFC's commitment to collaborating with governments to address gaps in priority projects. Vese reiterated the importance of developing projects that are not only feasible but also financially viable at the sub-national levels. He acknowledged that while there are numerous initiatives being proposed, the key challenge lies in converting these ideas into bankable projects that attract investors and financing. The AFC, as a pan-African multilateral development finance institution, plays a crucial role in supporting infrastructure and industrial development projects across the continent. Vese underscored the corporation's dedication to working closely with governments to identify and bridge the gaps in priority projects, particularly at the sub-national levels. Throughout the interview, Vese stressed the significance of collaboration between the public and private sectors in driving sustainable development. He emphasized the need for strategic partnerships and innovative financing models to unlock the full potential of projects and ensure their successful implementation. In conclusion, Vese reaffirmed AFC's unwavering commitment to promoting economic growth and development by facilitating the transformation of initiatives into bankable projects. By fostering collaboration and addressing project gaps, the corporation aims to drive positive change and create lasting impact in communities across Africa.