Africa Finance Corporation (AFC) is set to invest $25 million in Egyptian petrochemicals company Carbon Holdings Ltd, the company said. Carbon Holdings primarily operates in the Suez Special Economic Zone. Subsidiary companies of Carbon Holdings include Oriental Petrochemicals Company, Egypt Hydrocarbon Corporation and Tahrir Petrochemicals Corporation. In addition to AFC, the International Finance Corporation and Gulf Capital are providing capital to support the expansion of Carbon Holdings’ operations. AfIDA will work to develop market norms, conduct independent research and act as a policy advocacy forum for the industry.

Source: News Business Ethiopia March 10, 2017 10:30 UTC