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Africa Investment Forum: Anohu-Amazu: The real work starts after the forum
The African Development Bank (AfDB) says the second edition of the Africa Investment Forum recorded $40.1 billion in investor interest from its boardroom dealings. CNBC Africa’s Chris Bishop and Kenneth Igbomor spoke to Africa Investment Forum’s Head and Senior Director, Chinelo Anohu-Amazu about the interests secured.
Fri, 15 Nov 2019 12:55:08 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Africa Investment Forum has secured a record $40.1 billion in investor interest, signaling a surge in potential investments for Africa's development.
- The focus now shifts to tracking and implementing the expressions of interest from the forum into tangible projects, emphasizing project curation and preparedness.
- Key projects highlighted include a housing initiative for sustainable housing solutions and a food security project in Mozambique, aligning with key development goals.
The second edition of the Africa Investment Forum held by the African Development Bank (AfDB) has garnered an impressive $40.1 billion in investor interest, signaling a significant boost in potential investments for the continent. The forum, which focuses on facilitating deals between investors and project owners, has seen a flurry of transactions curated, scrutinized, and discussed in its boardrooms. The African Investment Forum's Head and Senior Director, Chinelo Anohu-Amazu, highlighted the critical role of these boardrooms in shaping the transactional nature of the event.
Anohu-Amazu emphasized that the real work starts after the forum, as the focus now shifts to tracking the expressions of interest and ensuring they translate into tangible projects. With 52 deals outlined at the forum, there is a regional spread in terms of participation, with notable representation from South Africa. Efforts are being made to engage more fragile states in the forum to bring forth viable projects and foster inclusive growth across the continent.
The forum also showcased an amplified marketplace this year, with numerous projects being discussed in various settings, including the bilateral rooms. Anohu-Amazu underscored the importance of continuous improvement and project curation to meet the expectations of investors and drive impactful development projects. The forum's commitment to tracking and facilitating ongoing deals is aimed at removing bottlenecks and ensuring successful project implementation.
Looking ahead, Anohu-Amazu expressed optimism about the forum's future, building on the success of previous editions. Project curation and preparedness will be a key focus area, as the forum aims to attract high-quality projects that align with the Sustainable Development Goals. By addressing social, political, and financial challenges, the forum seeks to enhance deal closure and implementation for lasting positive effects on the continent.
When asked about standout deals from the event, Anohu-Amazu highlighted a housing project aimed at providing sustainable housing solutions and incorporating Environmental, Social, and Governance (ESG) principles. Another noteworthy project is the 'A Rise' initiative in Mozambique, which focuses on food security and aligns with the African Development Bank's strategic goals and the UN Sustainable Development Goals. These projects reflect the forum's commitment to driving inclusive growth and addressing key development priorities in Africa.
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