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2nd AIF Edition: the AfDB and its partners are remobilizing to transform the continent's economy

11/11/2019
Source : Afriquinfos
Categories: General Information

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Johannesburg (© 2019 Afriquinfos) - This Monday, November 11, the 2nd edition of the Africa Investment Forum opened in Johannesburg at the initiative of the African Development Bank (AfDB). The Pan-African bank and its partners continue to proclaim that the stated objective is to surpass the levels reached in 2018 and mobilize even more public and private investors to make the transformation of the African economy a reality.

On the sidelines of the opening of the Forum on Monday at the Sandton Convention Center in Johannesburg, it was the statements of the Rwandan president that caused a sensation. Paul Kagame invited his African peers to "have a vision" for their countries and to take the right decisions in order to attract investors to Africa. "I can't reinvent the wheel, we know what we need to do as leaders to create an environment conducive to investments that only benefit our people, but also ensure that women are not left behind ," he said during a brief discussion session with the South African and Ghanaian presidents and investors. Kagame went on to say to African leaders, “do what needs to be done… We know what the situation is, as well as the problems that we have to solve. We have to act ".

This 2nd edition of the African Investment Forum opened in the presence of nearly 2,000 delegates from 109 countries, including 69 outside Africa. The AfDB wants to make it a meeting place par excellence where major contracts are signed and important partnerships are sealed for the benefit of Africa. In 2018 during the 1st edition, remarkable results were obtained with more than 36 billion dollars of investments signed or in the process of being closed. The goal this year is to tackle head-on the annual infrastructure investment gap in Africa, estimated at US$130-170 billion.

Are present for these three days (11-13 November) at the Africa Investment Forum which aims to be a co-guarantee and co-financing framework intended to mobilize capital and accelerate investments to transform the economic, agricultural and industry in Africa, public and private project leaders and investors, including multinational institutions, sovereign funds, commercial banks, among others.

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