Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm
Around 2000 delegates are expected to attend the innovative investment marketplace PRETORIA, South Africa, November 11, 2019/ -- The Africa Investment Forum will be short on talk and heavy on
deals, the South African Government, the African Development Bank (www.AfDB.org) and key partners affirmed at a press conference ahead of the 2019 edition of the event.
Organized by the African Development Bank and its partners, the second
edition of the Forum, will take place from place from 11 to13 November
2019 in Johannesburg, South Africa. The multi-stakeholder transactional
marketplace is aimed at raising capital, advancing projects to bankable
stage and accelerating financial closure of deals.
“Last year we achieved remarkable results with over $ 36 billion of
investments interests that were signed or being were closed. We are
hoping that this year it is going to be even better,” said Vuyelwa
Vumendlini, Deputy Director General of the National Treasury of South
Africa.
Sharing similar sentiments, Mduduzi Mbapa, Senior Advisor to the Premier of Gauteng noted that the biggest take away from last year’s edition
was the need for greater interconnection on the continent. “In fact,
many have been writing about Africa rising. Through this Forum, we are
making sure that our continent does rise and it contributes to the
growth of the world,” he said.
Around 2000 delegates are expected to attend the innovative investment
marketplace which will bring together heads of state, project sponsors,
pension funds, sovereign wealth funds, institutional investors in 60
boardroom sessions to move projects from commitment to action.
“The Africa Investment Forum is designed to be a transformative
platform for deals across the continent. The Africa investment forum
goes way beyond the three-day event starting Monday. It is continuous
process of nurturing deals, projects preparation, deal closure, meeting
boardrooms, but most importantly ensuring that those deals actually
happen to impact the continent,” said Chinelo Anohu, Head and Senior
Director of the Africa Investment Forum.
The Africa Investment Forum partners include Africa 50, Africa Finance
Corporation, Africa Export-Import Bank, Development Bank of Southern
Africa, European Investment Bank, Islamic Development Bank, Trade and
Development Bank.
Victor Oladokun, Director of Communication and External Relations at the Bank, said the Forum’s agenda was simple.
“In a nutshell, the Africa Investment Forum has a very simple agenda
that is tilting the flow of capital into Africa at a much greater level
that we have experienced up to now.”
About the African Development Bank Group:
The African Development Bank Group (www.AfDB.org) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African
Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground
in 41 African countries with an external office in Japan, the Bank
contributes to the economic development and the social progress of its
54 regional member states. For more information: www.AfDB.org
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