The Board of Directors of the African Development Bank Group and the
Africa Investment Forum (AIF) founding partners have approved the postponement
of the 2020 Africa Investment Forum to
2021, due to the ongoing COVID-19 pandemic.
The annual three-day investment marketplace was initially scheduled for
November 2020 in Johannesburg, South Africa.
The decision follows a careful evaluation of the impact and evolution of
the COVID-19 global pandemic, the attendant risk of a possible second wave, and
its associated effects on global travel, investments, as well as social
The Forum will continue to curate new deals, track investments and
advance the financial closure of transactions and existing deals through its
innovative digital platforms.
At the 2019 Africa Investment Forum, 57 deals valued at $67.7 billion
were tabled for discussions. Fifty-two deals worth $40.1 billion secured
In July this year, the AIF Founding partners pledged to strengthen
strategic partnership engagement and commitments for Africa Investment Forum
Market Days 2021, to help "reboot investments in Africa." They
underscored the need to boost local manufacturing while leveraging the
continent's vast resources to unlock investment.
The Africa Investment Forum relies on four pillars to achieve its
objectives: connecting, engaging, closing, and tracking investments.
The Africa Investment Forum founding partners are the African Development Bank, African Export-Import Bank (Afreximbank); Africa Finance Corporation; Africa50, the Islamic Development Bank, the Development Bank of Southern Africa and the Trade and Development Bank.