Get more Mail & Guardian
Subscribe or Login

Multibillion dollar investments to be revealed at Africa Investment Forum

The Africa Investment Forum (AIF) is set to close on Friday where the real extent to which investors have backed African investment will be revealed.

READ MORE: African Investment Forum has 306 pipelined projects worth $208-billion

The inaugural forum is hosted by the African Development Bank in partnership with the Gauteng government. The fully transactional forum is the first of its kind with discussions between promoters, governments and investors expected to bring in at least $40.4-billion worth of investments in closed boardroom sessions.

An additional $28-billion in investment projects, that have not yet moved to the boardroom sessions, are also being showcased at the gallery walks.

“We are doing business differently. The [AIF] platform helps to intermediate and cut back search costs for investors and create an open platform where public and private sectors interphase with investors,” Akinwumi Adesina, president of the development bank said on Thursday.

Over 1 400 people have attended the forum held at the Sandton Convention Centre.

Heads of state from across the continent, senior government officials and investors from across the globe have flocked to the conference with the intention of creating an enabling environment for businesses and investments on the continent through financing and clearing regulatory and policy barriers.

On Friday afternoon the boardroom deals, from closures, signatures and commitments, will be unveiled.

Gauteng Premier David Makhura, minister of finance Tito Mboweni, Cote d’Ivoire’s minister of planning Niale Kaba and vice-president of the European Investment Bank Ambroise Fayolle are expected to make an appearance.

Adesina told investors that Africa was the right place to be and its competitive advantage came from a growing youth population that would turn it into the workshop of the world not to mention the largest global continental free trade area rivalling the World Trade Organization.

“Yes, Africa has massive infrastructure deficits, from ports to railways, roads, energy and IT infrastructure needed to spur its competitiveness in global markets. The African development bank estimates the continent has a financing gap of $68 to $108-billion per year for infrastructure.

“But it’s all about how you see it: a glass half empty or a glass half full. Let’s see it as a glass half full. That means Africa has an investment opportunity of $68-108 billion a year for infrastructure alone!” Adesina added. 

Subscribe for R500/year

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them and get a 57% discount in your first year.

Tebogo Tshwane
Tebogo Tshwane

Tebogo Tshwane is an Adamela Trust financial journalism trainee at the Mail & Guardian. She was previously a general news intern at Eyewitness News and a current affairs show presenter at the Voice of Wits FM. Tshwane is passionate about socioeconomic issues and understanding how macroeconomic activities affect ordinary people. She holds a journalism honours degree from Wits University. 

Related stories

WELCOME TO YOUR M&G

If you’re reading this, you clearly have great taste

If you haven’t already, you can subscribe to the Mail & Guardian for less than the cost of a cup of coffee a week, and get more great reads.

Already a subscriber? Sign in here

Advertising

Subscribers only

The South African Bone Marrow Registry celebrates 30 years of...

‘It’s not drilling into bones!’: Misconceptions keep donors away, says SABMR, but a match outside of a patient’s family is a needle in a haystack

R500-million Covid-19 Gauteng hospital contract was irregularly awarded — SIU

The bank accounts of Pro Service Consulting and Thenga Holdings have been frozen

More top stories

With its industrial base decimated, SA’s economy needs real change...

Speaking at a book launch on Tuesday, the finance minister said a focus on manufacturing is critical to stem the country’s deepening unemployment crisis

Defence team cagey about Zuma’s health after state advised he...

The former president was absent from court, but his counsel argued that health matters be left aside, so as to hear his case for the removal of Billy Downer

The South African Bone Marrow Registry celebrates 30 years of...

‘It’s not drilling into bones!’: Misconceptions keep donors away, says SABMR, but a match outside of a patient’s family is a needle in a haystack

New clean fuel standards could be the end of refineries...

In the absence of mechanisms to recoup investment into cleaner fuels, refineries may be faced with tough decisions
Advertising

press releases

Loading latest Press Releases…
×