AIF 2019 boosts Africa’s Economy with US$40.1 bn worth of secured investor interest

AFRICA — It was deals that brought participants to the 2019 Africa Investment Forum (AIF) and they were not disappointed.
The second Forum ended on a high note with 56 boardroom deals valued at $67.6 billion tabled – a 44% increase from last year.

Out of the 56 boardroom deals tabled, fifty-two deals worth US$40.1 billion in secured investment interest were realised compared with $37.8 billion dollars last year.

During the 2018 edition of the Forum, 61 transactions valued at $46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth $38.7 billion, secured investment interest.

Key moments of the Forum included: a $600 million COCOBOD deal for Ghana, for cocoa processing, warehousing and processing, $58 million for the Alithea Identity Fund for women and a concession agreement for the Accra Sky Train, worth $2.6 billion.

Presiding over the session: “Unveiling the Boardroom Deals”, African Development President Akinwumi Adesina said that the spirit of the Africa Investment Forum was: “transactions, transactions, transactions. Deals, deals, deals!”

Over 2,221 participants attended this year’s Forum from 109 countries, 48 from Africa and 61 from outside of Africa

They came from government, the private sector, development finance institutions, commercial banks, and institutional investors.

”The Forum is a platform that will change Africa’s investment landscape,” Chinelo Anohu, the Forum Senior Director said. “Africa is ready to engage on its own terms.”

The Africa Investment Forum is Africa’s investment marketplace – a multi-stakeholder, multi-disciplinary platform dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.

The 2019 Forum focused on projects and advancing deals spanning several sectors, including Energy, Infrastructure, Transport and Utilities, Industry, agriculture, ICT and Telecoms.

“Now the hard work begins to fast-track these deals to financial closure… Africa is bankable,” Adesina said.

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