Africa Investment Forum: A robust pipeline of deals valued at billions of US dollars will be on the table


China data is a ‘ray of hope for the markets’: Societe Generale | Street Signs Asia

China's manufacturing activity expanded in March, defying many economists' expectations. But Jason Daw of Societe Generale warns that consumption remains the "big question" going forward.

Sustainable food for a sustainable future | Sustainable Energy

From supply chains to our plates what we eat has a big impact on the planet’s resources. In this episode of Sustainable Energy we take a look at how Nature-Based Solutions can help us eat healthier for a better planet.

South Africa looks to structural reforms as it loses its last investment-grade credit rating

By: Elliot Smith KEY POINTS South Africa now has...

Content supplied by Africa Investment Forum

Abidjan, Côte d’Ivoire, 17 October 2019 – In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

Africa Investment Forum 2018 broke the mold for regional investments and offered lessons about what can be done when multilateral development and finance institutions decide to pull their resources together to deliver as one.

 “When we laid out our vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many thought it would all amount to building castles in the air. One year down the road, the verdict is undisputed. Africa’s investment opportunities are proving to be seriously attractive,” said Akinwumi Adesina, President of the African Development Bank, convener of the Forum.

 The inaugural forum powerfully demonstrated the Bank’s convening power and ability to rally key development institutions, global and regional investors around the common objective of fast-tracking Africa’s economic transformation. 

 The collective resolve to tackle head-on Africa’s annual infrastructure investment gap, estimated at between US$130 billion and US$170 billion, was on full display during the opening ceremony. 

 “The inaugural Africa Investment Forum witnessed an extraordinary level of engagement. The conversation moved from talking about investment to advancing deals towards financial closure. 2019 will validate and redefine the perception of investor confidence regarding the African Continent,” said David Makhura, Premier of Gauteng province in South Africa.

 Heads of key partner institutions include Patrick Dlamini, CEO, Development Bank of Southern Africa, Professor Benedict Oramah, President, the Africa Export-Import Bank, Dr. Bandar M. H. Hajjar, President, Islamic Development Bank; Admassu Tadesse, President, Trade and Development Bank. The Forum’s founding partners also include Alain Ebobisse, CEO, Africa 50; Mallam Samaila Zubairu, CEO, Africa Finance Corporation. 

For Alain Ebobisse, CEO of Africa50, the continent is brimming with opportunities that are waiting to be seized. “The Africa Investment Forum not only brings together investors and stakeholders to initiate deals but can help close transactions that would otherwise take months or years. In infrastructure, this makes a significant difference since the financial and opportunity costs of project delays are high.” 

 Africa’s development challenges need a swift, bold, and robust response. Of the world’s 20 countries with the least access to electricity, 13 are in Africa. Investment in the region of $43-55 billion per year is needed until 2030-2040 to meet demand and provide universal access to power.

 “The audacity showed in South Africa last year, and the results in terms of investment and deals closed will live long in the investor community’s memory,” Adesina tells global investors on the hunt for yields and opportunities.

“We will be reaching for new heights. Already, a robust pipeline of deals valued at billions of US dollars, in energy, cross-border infrastructure, agriculture will be tabled for discussed in the boardroom sessions,” he said.

 Last year’s Forum attracted 1,943 participants representing 87 countries and brought together 400 investors from 52 countries. The innovative investment marketplace, brings together heads of state, project sponsors, pension funds, sovereign wealth funds and other institutional investors.. Policymakers, private equity firms, and other key senior government officials will also be present.

Africa Investment Forum 2019 will run from 11-13 November in Johannesburg, South Africa.

- Advertisement -
- Advertisement -


South Africa looks to structural reforms as it loses its last investment-grade credit rating

By: Elliot Smith KEY POINTS South Africa now has...

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

Sanlam CEO Ian Kirk on decision to step down in December & COVID-19 impact

Sanlam announced major changes in its boardroom today. Current CEO Ian Kirk will be stepping down, making way for former CEO and Chair of Old Mutual South Africa to begin in July.

This is how war and revolt have done worse to the mines than COVID-19.

Planes dropped bombs from the blue, artillery shelled suburban houses, riflemen fought street battles, snipers fired from bedroom windows and tanks rumbled through the suburbs.

The African billionaire who wants COVID-19 to bounce off business

“It was actually a word from my grandson, Sam, that said we have been privileged for quite some time as South Africans and in a crisis like this you need to give something back to the country"

Harmony Gold sees lower gold production during 21-day lockdown

Harmony Gold Mining Company said on Tuesday that it expects limited gold production during the 21-day lockdown in South Africa in the wake of the fast-spreading coronavirus.
- Advertisement -

More Articles Like This

- Advertisement -