Africa Investment Forum: AfDB’s Oladokun on key takeaways from the just ended forum

The Africa Investment Forum has closed on an incredibly high note, marking a historic moment for the continent's investment landscape. The event, which gathered project sponsors, investors, and high-profile stakeholders, has set a new benchmark for success, exceeding the previous year's achievements. Victor Oladokun, the African Development Bank's Director of Communications, expressed his excitement and optimism for the future during a CNBC Africa interview. Oladokun highlighted the significant progress made during the forum, emphasizing the tangible outcomes that emerged from the boardroom discussions. Over 52 deals were successfully secured, attracting a total investment interest surpassing $40 billion. What sets the Africa Investment Forum apart is the hands-on approach it adopts, with key decision-makers, including heads of state, actively participating in negotiations to facilitate deals. This collaborative effort underscores the forum's mission to drive economic growth, promote infrastructural development, and create job opportunities across the continent. One of the notable trends observed at the forum is the increasing focus on intra-African investments. While external partnerships remain crucial, there is a growing recognition of the importance of fostering business relationships within the continent. Oladokun emphasized the need for African countries to prioritize domestic investments, urging sovereign wealth funds to play a more active role in boosting local economies. By leading by example and demonstrating confidence in their own markets, African nations can attract greater interest from global investors. Looking ahead to 2020, Oladokun outlined ambitious goals for the Africa Investment Forum. Building on this year's success, the forum aims to surpass previous milestones and foster even greater collaboration among stakeholders. The commitment to driving sustainable growth and development in Africa remains unwavering, with a strong focus on inclusive and impactful investments. As the curtain falls on the 2019 Africa Investment Forum, the momentum and enthusiasm generated during the event promise a bright future for the continent's investment landscape. With a successful track record and a collective vision for progress, Africa is poised to attract increased investment, accelerate economic development, and unlock new opportunities for its people. The forum serves as a catalyst for transformative change, paving the way for a more prosperous and sustainable future for Africa and its citizens.