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Thursday, November 14, 2019 /10:43 AM / By
AfDB / Header Image Credit: AfDB
It was deals
that brought participants to the 2019 Africa Investment Forum and they were not
disappointed. The second Forum ended on a high note Wednesday, with 56
boardroom deals valued at $67.6 billion tabled - a 44% increase from last year.
Fifty-two deals
worth $40.1 billion secured investor interest 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.
Presiding
over the session: "Unveiling the Boardroom Deals", African Development
President Akinwumi Adesina said that was the spirit of the Africa Investment
Forum: "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."
Key moments of the Forum included:
The 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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