Abidjan will host the 3rd edition of the Africa Investment Forum Market Days from November 2 to 4. The « largest transactional investment market in Africa », according to its organizers, will bring together deal sponsors, brokers and decision makers from around the world. Thirteen projects with a total value of $3.68 billion have been identified. Each is designed to advance Africa’s self-sufficiency and resilience to future shocks.
By editorial staff
The COVID-19 pandemic, the war in Ukraine, climate change… Africa is suffering the consequences of many crises that have hindered its development. In this context of post-COVID recovery for African economies, The African Development Bank estimated that African governments will need some $484 billion within the next three years.
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Africa Investment Forum 2022: Financing the recovery of African economies
Abidjan will host the 3rd edition of the Africa Investment Forum Market Days from November 2 to 4. The « largest transactional investment market in Africa », according to its organizers, will bring together deal sponsors, brokers and decision makers from around the world. Thirteen projects with a total value of $3.68 billion have been identified. Each is designed to advance Africa’s self-sufficiency and resilience to future shocks.
By editorial staff
Read more : Africa Investment Forum 2022: Financing the recovery of African economiesThe COVID-19 pandemic, the war in Ukraine, climate change… Africa is suffering the consequences of many crises that have hindered its development. In this context of post-COVID recovery for African economies, The African Development Bank estimated that African governments will need some $484 billion within the next three years.
Access to a financing platform and offering bankable projects in a favorable environment
Hence the importance of the upcoming Africa Investment Forum, organized by the African Development Bank, Africa 50, the African Finance Corporation, Afreximbank, the Development Bank of Southern Africa, the European Investment Bank, the Islamic Development Bank and the Trade and Development Bank. It brings together Africa’s leading financial players with the aim of facilitating productive interaction between the public and private sectors. And this by providing investors with access to a financing platform and offering bankable and risky projects in a favorable environment. In other words, a marketplace.
Priority given to CCIs
Under the only answer to COVID-19, organizers identified 13 projects in five relevant sectors for consideration for funding. These projects have a combined value of $3.68 billion, with each project contributing to Africa’s self-sufficiency and resilience to future shocks.
Among the priority sectors identified is CCI. Recognizing the important economic and cultural value of creative industries, the Africa Investment Forum partner institutions have set up dedicated initiatives to support creative industries. In 2020, Afreximbank announced a $500-million Creative Industry Support Fund to provide lines of credit to banks as well as direct financing to operators. And in late 2021, the African Development Bank extended a loan of $170 million to digital and creative enterprises in Nigeria. The bank has also launched Fashionomics, a flagship initiative to support the growth of African micro-, small and medium-sized enterprises in the creative industries, especially in fashion.
Over $100 billion since 2018
Since its inception in 2018, the Africa Investment Forum platform has mobilized investment interests in excess of $100 billion. This year’s event will be the first in-person meeting since the AIF 2019. Those that followed were cancelled due to COVID-19.
For more information : https://www.africainvestmentforum.com/en/about-aif/market-days
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