Africa Investment Forum (AIF), organized by the African Development Bank (ADB), will be held in Johannesburg, South Africa for a second edition supported by the determination of development institutions to address the challenges of financing infrastructure in order to accelerate the economic transformation of the continent.

The AIF will be held more precisely on November 11, 12 and 13, 2019 in Johannesburg.

Indeed, at its first edition in 2018, the AIF had shown a willingness to think outside the box in terms of investments. The Forum then provided key lessons on the results that can be expected when multilateral development and financing institutions decide to pool their resources.

The collective will to tackle the annual investment deficit in Africa, estimated at US $ 130-170 billion, was fully affirmed at the opening ceremony.

“The first edition of the AIF has had an extraordinary level of commitment. Debates have shifted from a discussion of investment to the financial closure of certain transactions. The year 2019 will redefine investors’ perceptions of the African continent, “said David Makhura, Prime Minister of South Africa’s Gauteng Province, whose capital Johannesburg is.

Among the leaders of the main partner institutions are Patrick Dlamini, Director General of the Southern African Development Bank; Benedict Oramah, President of the Africa Export-Import Bank; Bandar M. H. Hajjar, President of the Islamic Development Bank, and Admassu Tadesse, President of the Bank of Commerce and Development.

The Forum’s founding partners include Alain Ebobisse, Managing Director of Africa50, and Mallam Samaila Zubairu, Managing Director of Africa Finance Corporation.

The development challenges in Africa require a rapid, ambitious and determined response. Of the 20 countries in the world with the least access to electricity, 13 are in Africa. Annual investments in the range of US $ 43-55 billion are needed until 2030-2040 to meet demand and provide universal access to energy.

The 2018 Africa Investment Forum attracted 1,943 participants from 87 countries, bringing together 400 investors from 52 countries. This innovative investment market brings together Heads of State and Government, project promoters, pension funds, sovereign wealth funds and other institutional investors. Decision-makers, private equity firms and senior government officials are involved.

The Senegalese delegation will be led by the Minister of Economy, Planning and Cooperation, His Excellency Mr. Amadou HOTT. He will make his address today in Johannesburg.

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