Investment forum scores $40 billion funding

Andrea Chothia

After three days of the Africa Investment Forum in Johannesburg, it concluded having scored $40.1 billion in funding. 

  The Africa Investment Forum 2019, which commenced on Monday 11 November and concluded today, 13 November has been a success after it scored approximately $40.1 billion in deals.

  The Africa Investment Forum is an innovative, multi-stakeholder transactional marketplace conceived by the African Development Bank, aimed at raising capital, advancing projects to bankable stage, and accelerating financial closure of deals.

  “The #AfricaInvestmentForum 2019 secured investment interests for deals worth $40.1 billion, compared to $38.7 billion last year. What an incredible achievement,” said African Development Bank President, Akinwumi Adesina. 

  The Boardroom investment sessions are a key feature of the #AfricaInvestmentForum. It’s where investors meet project sponsors to discuss and close deals.

  According to the AIF website, the opening ceremony was attended by President Cyril Ramaphosa of South Africa, President Nana Akufo Addo of Ghana; President Paul Kagame of Rwanda; and Prime Minister Agostinho do Rosario of Mozambique.

  Ramaphosa said in his address: “The time is now to move with speed to ensure that we unlock our potential. Indeed our continent is ripe for investments, but more importantly, it is also brimming with enormous profitable opportunities. As the investor community, your presence here shows your unwavering will to help us and support us to succeed. I invite you, therefore, to join us as we pass the flickering torch of progress across every border of this great continent until the light of development and economic prosperity illuminates every African village, every African town, every African city, in every African household.” he added.

  The Africa Investment Forum inaugural edition was launched in 2018 in partnership with Africa50, Afrexim Bank, the Trade Development Bank, the Development Bank of South Africa, the Islamic Development Bank, the Africa Finance Corporation, and the European Investment Bank.

Leave a Reply

Your email address will not be published. Required fields are marked *