The Market Days of the Africa Investment Forum, the continent’s leading investment platform, attracted $31 billion in interest this year from African and global investors, bringing the total to $63.8 billion. in investment interest in 2022 if we add the $32.8 billion generated by the 2021 Africa Investment Forum Market Days, which took place in March 2022.
The event took place from November 2 to 4 in Abidjan, the Ivorian capital, under the theme: “Building economic resilience through sustainable investments”.
It recorded the participation of several African Heads of State and Government, including Ethiopian President Sahle-Work Zewde, Ghanaian President Nana Akufo-Addo, Zimbabwean President Emmerson Mnangagwa, Liberian Vice-President Jewel Howard Taylor, Tanzanian Vice President Philip Mpango, Prime Minister of Cabo Verde José Ulisses Correia e Silva and Ivorian Prime Minister Patrick Achi.
The Forum’s website said in a statement that the event highlighted the common will of the founding partners of the Africa Investment Forum to help unlock Africa’s investment potential in critical sectors such as infrastructure. , agriculture, energy, education, creative industries, sports and deals that support women entrepreneurs.
These partners are the African Development Bank, Africa50, Afreximbank, African Finance Corporation, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank and Trade and Development Bank. (from East Africa). They felt that this year’s results exceeded expectations, especially as the world is currently grappling with many unprecedented economic challenges.
The President of the African Development Bank, Mr. Akinwumi Adesina, commending the results of the forum and the commitment of the partners, said that “despite the challenges, we are not afraid, and we have neither despaired nor lost hope. We are excited and committed to achieving a collective goal…accelerating deal-making to transform Africa and its investment landscape.”
He said the goal of the Africa Investment Forum was to attract more foreign direct investment to Africa and ensure that the private sector remains the engine of this transformation. And to add, “the private sector is Africa’s growth accelerator. We need to mitigate real and perceived risks and persuade the private sector that investing in Africa is safe”.
Since its inception in 2018, the Africa Investment Forum platform has raised over $100 billion in investment interest.
By OMA Newsletter N° 927 of 07/11/2022
Article published under the direction of Dr. Najib Kettani
The OMA, NGO with an Intercontinental vocation
For the development of cultural exchanges
Valuing human potential
The promotion and consolidation of Africa’s development, and
Inter-African integration
