Africa Investment Forum: AfDB President announces $29.2 billion in cumulative investment interest

The 41 boardrooms (transaction rooms) held on the occasion of theAfrica Investment Forum (AIF) brought together investors, project developers, government leaders and financial institutions to review, discuss and engage on 37 investment projects and $29.2 billion in cumulative investment interests, ADB President said , Akinwumi Adesina.

To enhance the effectiveness of thethe investmentt, he continued, the projects were carefully assessed on their feasibility, their compliance with environmental and social impact studies, and their ability to move quickly to the construction phase. financial closingthus ensuring optimized implementation. According to Mr. Adesina, the selected projects cover strategic sectors such as transportl’energyl’agribusinessl’industry and the food processingchosen for their potential to transform African economies and support sustainable growth.

AIF 2024 brought together 2,300 participants, marking an increase of 60% compared to last year in Marrakech, and generated waves of investment extending from Africa to the whole world, as evidenced by the presence investors and participants from 83 countries, he welcomed. This major event was marked by strategic discussions, interactive workshops and round tables focused on innovative solutions to stimulate investment and sustainable development in Africa.

The discussions focused on essential themes such as the mobilization of institutional capital, improving the competitiveness of African companies and the opportunities offered by the energy and digital transition.

Coming from diverse backgrounds, participants explored innovative financial mechanisms, strengthened governance strategies and international partnerships aimed at responding to the continent’s infrastructure and economic growth challenges. These collective reflections highlighted the importance of regional and global cooperation to accelerate the development of key sectors in Africa. The sessions of this Forum brought together a diversity of key actors, including ministers, public and private decision-makers, investors, as well as representatives of international financial institutions, all committed to the economic and social development of the continent. Their active participation enriched the debates and highlighted concrete solutions and promising perspectives for meeting Africa’s strategic challenges.


Morocco

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