Showcasing projects worth billions of dollars, Africa Investment Forum attracts interest from global investors ahead of Market Days 2023 | African Development Bank Group

by MMC
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The Africa Investment Forum, Africa’s leading marketplace, hosts investor roundtables to generate interest in bankable deals in energy, agribusiness, manufacturing and other sectors in which Africa has a comparative advantage. The transactions will be presented to investors during the Market Days planned for Marrakech in November.

The Africa Investment Forum recently hosted events in Switzerland and the United States to showcase billions of dollars of business opportunities across Africa to global investors.

In Geneva, Switzerland, the Africa Investment Forum made a presentation at the Arab-Swiss Chamber of Commerce and Industry and the Dubai Multi-Product Center the 12th and 13th from September 2023. The event brought together investors as well as transport, health and energy experts.

Senior Director of the Africa Investment Forum, Chinelo Anohu, presented the Forum’s investment platform to the audience, highlighting its focus on public-private partnership projects and investments that support development. She highlighted that Africa represents 55 distinct markets offering different investment opportunities and rapidly evolving challenges.

The presentation also discussed corporate tax and the regulatory framework for industries.
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On the second day, the Africa Investment Forum team presented projects in health, aviation, hydropower and other projects across Africa. The investors present responded enthusiastically to the transactions presented.

The Geneva round table follows the one held on the sidelines of the Black Economic Forum Summer Executive Workshop on the island of Martha’s Vineyard in Massachusetts.

The event showcased multibillion-dollar investment opportunities in Africa’s innovative and creative sectors to African and African-American investors, government officials, and business and philanthropy leaders.

He highlighted opportunities in African technology and innovation, as well as the manufacturing, housing and infrastructure sectors; and the media and entertainment sectors.

Anohu praised the Black Economic Forum as an inclusive, multi-stakeholder gathering that set the principles for more investments on the AIF platform.

“The roundtable provides an ideal opportunity to familiarize this important audience with the transactional nature of the Africa Investment Forum and the credible pathway it offers for investment on the continent,” Anohu said.

At Martha’s Vineyard, Senior Warden Anohu also spoke at Africa next now, a roundtable discussion to foster strategic relationship opportunities and investment opportunities within the global Black diaspora. The session was organized by Next Narrative Africaa multimedia production company that supports content creation to advance Africa’s economic progress.

The panel included Akunna Cook, CEO of Next Narrative Africa; Olugbenga Agboola Founder and CEO of fintech Flutterwave; Iyin Aboyeji, general partner and co-founder of Future Africa, a platform that provides capital, coaching and community to mission-driven innovators; And Salene Hitchcock-Gearpresident of Prudential Individual Life Insurance.

“It is possible to bring Africa and the diaspora together to tell better stories and change the discourse about Africa and people of African descent. Bringing Black investors, business leaders and entrepreneurs from the United States, the Caribbean and Africa to advance economic progress within the diaspora inevitably leads to improving our collective future,” Cook said.

Anohu said: “Investments cannot come from a unilateral source and our presence here has shown how much capital can be raised from the non-traditional investors present in the Vineyard for this event.

She highlighted the existence of a strong partnership between the United States, including the administration of President Biden and the Africa Investment Forum.

Held in November 2022, the latest Africa Investment Forum Market Days showcased creative investments as well as women-led projects, under the theme of women as investment champions.

The projects presented attracted $31 billion in investment interest from African and global investors.

The Market Days 2023 event will be held in Marrakech, Morocco, from November 8 to 10, 2023, under the theme Unlocking Africa’s value chains. Agro-industry, renewable energies and the manufacturing industry are among the priority sectors that will be presented.

The Africa Investment Forum is an initiative of the African Development Bank and seven other founding partners: Africa50, Africa Finance Corporation, Afreximbank, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank and Bank trade and development.

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