Lassina Sermé, Special Envoy - Intra 15-25% by 2045 with the implementation of the African Continental Free Trade Area (AfCFTA), a
Announced Monday in Johannesburg, South African President Cyril Ramaphosa, believing that the economy
African has become "mature".
Ramaphosa was speaking at the opening of the second edition of the Investing in Africa or African
investment forum (AIF) in the presence of his Rwandan counterparts, Paul Kagame and Ghanaian, Nana
Akufo-Addo.
"African Investment Forum becomes the most important platform for investment in Africa.
The economy of our continent has become mature. Intra 2045," he explained, stressing that "stability in most (African) countries has allowed us to industrialize us".
The African Continental Free Trade Area (AfCFTA) has become the most important area since creation of the World Trade Organization, continued the South African President.
In this regard, Ramaphosa argued that "investors will benefit from the removal of
barriers" as part of the implementation of this free trade area.
For him, "we will have to be able to produce on site everything we need on our beautiful continent
». To achieve this, it is necessary to go according to the South African president through the investments that "are the
fundamentals of a sustainable economy".
Continuing, he called on his peers to adopt "innovative policies to attract investors." "We
will work to make the AfCFTA functional. Our continent is ready for investment and
we have opportunities," he insisted.
During this second edition of the forum, "we will have to leave with investments that will
become projects," Ramaphosa added, seeing Africa as a "resilient continent with people
and courageous women".
For three days (11, 12 and 13 November 2019), investors, sovereign wealth funds, bankers,
businessmen will offer financing for projects on the continent with a focus on
women's empowerment.
More than 2000 delegates from 109 countries including 49 African countries are taking part in this second edition at
during which nearly $67 billion worth of projects will be negotiated.
Organized by the African Development Bank (AfDB) and the South African Government, African
Investment Forum aims to raise capital for the financing of projects in countries
africans.
Partners in this forum include the African Finance Corporation, the Export Bank and< > import for Africa, Africa 50, the Trade and Development Bank (TDB), the Bank
Islamic Development (IDB), The Development Bank of Southern Africa and the Bank
European Investment (EIB).