Downtown Africa
The “Market Days” of the 2021 edition of the Africa Investment Forum, one of the African Development Bank’s flagship initiatives, is expected to attract billions of dollars of investment for strategic development projects in the region. continent. The annual forum has become a privileged setting within which the Bank succeeds in attracting essential investments to meet the continent’s needs, particularly in terms of infrastructure, agriculture and health systems, particularly at a time when Africa is trying to recover from the effects of the Covid-19 pandemic.
The growing success of the Africa Investment Forum is in line with the exhortation made to investors by the President of the African Development Bank, Mr. Akinwumi A. Adesina, who said that Africa should be considered today.
The third edition of the Africa Investment Forum Market Days will take place in Abidjan, Côte d’Ivoire, December 1-3, in a hybrid format. An increase in investment demand is expected: indeed, Market Days did not take place in 2020 due to the pandemic. The 2021 edition will be set against the backdrop of the persistence of the pandemic, as well as the climate negotiations recently concluded at COP26 in Glasgow. These two events underscored the urgency of transforming Africa’s challenges into investment opportunities. In addition, there is a growing consensus that the private sector will be essential to deliver the scale and speed needed to urgently remove bottlenecks in many sectors.
Market Days 2021 will feature one-of-a-kind board-style sessions in which project developers and investors – including pension funds, sovereign wealth funds and capital companies -investment – examine projects, particularly in the health care, energy and climate, agribusiness, ICT and telecommunications sectors
The African Development Bank’s Africa Investment Forum team provided insight into several potential deals during investor roundtables held virtually in September, October and November. The African Development Bank’s Forum for Investment in Africa team presented a preview of several transactions likely to be carried out in meeting rooms during investor round tables organized virtually in September, October and November . Market Days 2021 will present these investments. One of them is a potential investment in the construction of a vaccine production plant approved by the World Health Organization in East Africa, for an amount of 45 million dollars.
Another operation – in the agro-industry sector – concerns the development of a milk production and packaging company in southern Africa. The project promoters have concluded a contract for the sale of milk production with a large international company in the food and beverage sector. The operation, valued at $ 50.2 million, presents strategic value to the host government in terms of job creation and skills development. Board sessions, during which deals will be made, will also feature projects led by women and representative of African creative industries.
During the three days of the event, plenary sessions will also be organized to discuss how to mobilize institutional funding, the role of disruptive innovations such as financial technologies and cryptocurrencies, and the value of women in as champions of investment.
Market Days 2021 will look back on the achievements and highlights of the second edition, held in Johannesburg in 2019. At the time, fifty-seven transactions worth around $ 68 billion were examined, including a strategic liquefied natural gas development project in Mozambique, which represents the largest foreign direct investment in Africa. The closing day of the forum will unveil the results of the 2021 Market Days. The Africa Investment Forum’s transaction monitoring mechanism enables the development of commitments made by investors during the forum to be monitored and the path to be determined. to follow to achieve them.
The African Development Bank launched the Africa Investment Forum in 2018 with seven other founding partners, namely Africa 50, African Finance Corporation, African Import-Export Bank, Development Bank of Africa. Southern Africa, the Trade and Development Bank, the European Investment Bank and the Islamic Development Bank. The Africa Investment Forum has 118 deals in its pipeline, from the eight founding members, with an investment value of over $110 billion.
This article was from a press release distributed by Afdb.com. You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com
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