The Africa Investment Forum (AIF) has secured investor interest worth $40.1 billion. This happened during the second edition of the forum where a total of 52 deals were sealed.
Furthermore, AIF’s intention is to raise capital, advance projects to the bankable stage, and accelerate financial closure of deals.
African investors had tabled 56 boardroom proposals worth $67.6 billion which is a 44% increase from 2018. Moreover, this year’s investor interest was higher in comparison to $37.8 billion dollars last year.
According to Akinwumi Adesina, AfDB’s president, the forum attracted 2,221 delegates from 109 countries and 1,600 investors from 61 countries outside Africa.
The Forum focuses on projects and advancing deals in sectors such as Energy, infrastructure, transport, ICT, telecoms, and agriculture.
In this case, AIF promotes investment in Africa by acting as a marketplace. Project developers, investors, borrowers, lenders, policymakers and public- and private-sector investors can meet and negotiate.
Additionally, Mr Akinwumi promised now to fast track the process of now financing the projects.
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