Johannesbourg, South Africa (ADV) – Set for the 7-9 November, 2018, the African Development Bank’s Africa Investment Forum (AIF) will be a 100% transaction-based innovation focusing on structuring deals, screening and enhancing projects, attracting co-investors, and facilitating transactions to unlock Africa’s multi-billion dollar investment opportunities.
An initiative of the African Bank, the Africa Investment Forum, is an innovative investment marketplace that will bring together project sponsors, pension funds, sovereign wealth funds, private investors, policy makers, private equity firms, and heads of government to raise capital to advance Africa’s economic transformation agenda.
“Although brimming with investment opportunities, there is an urgent need to bridge the gap between Africa’s available capital and bankable projects,” reads a statement released by the African Development Bank recently sighting that the premium event will be held at the Sandton Convention Centre, Johannesburg, South Africa.
“Financing Africa’s development needs will require an estimated US $600-700 billion per annum. Of this, about US $130-170 billion a year is needed for infrastructure, according to the African Development Bank’s African Economic Outlook 2018.”
According to the statement, Africa is moving towards being a developmental hub.
“The Bank is working with other multi-lateral development partners and stakeholders to ensure that the Africa Investment Forum becomes Africa’s key springboard for investment and for meeting the continent’s massive infrastructure and development needs.”
Recently, the Gauteng Province in South Africa which will host the event endorsed the African Development Bank’s Africa Investment Forum as a world-class initiative that is uniquely positioned to transform the continent’s development landscape.
“The Africa Investment Forum is more than a Forum. We in Africa are tired of talks about investment after which nothing happens. The African Development Bank is doing a great job working with other multilateral development partners, private equity funds, the private sector, and governments to crowd in investment into our continent. Gauteng is ready and excited to host the event here in Johannesburg,” Premier of the host Province, David Makhura told the media after a high-level meeting with the African Development Bank President, Akinwumi Adesina, in Johannesburg recently.
Added Makhura, “The Africa Investment Forum is one of the best platforms ever to be offered on our home continent. Thank you for choosing Gauteng and South Africa.”
Also speaking at a meeting with the Bank delegation, former South Africa’s Minister of Finance, Nhlanhla Nene, said, “The Africa Investment Forum is indeed Africa’s investment marketplace. We have no doubt that it will have the desired development impact. South Africa is not only a gateway for investments on the continent, but also a leading African investor. We thank you for allowing South Africa to host the inaugural event.”
© Bur-csa – A.H – N.A / From our regional correspondent Mkhululi Chimoio – African Daily Voice (ADV)