- Since March 15, Investors have been examining more than $50 billion of curated bankable projects in key priority sectors at the ongoing three-day Africa Investment Forum (AIF) Virtual Boardroom sessions.
The Africa Investment Forum was launched in 2018 by eight founding partners including the African Development Bank; Africa 50; the Africa Finance Corporation; the Africa Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank. The objective of the Forum is to advance projects to bankable stages, raise capital and facilitate the financial closure of deals.
Since March 15, Investors have been examining more than $50 billion of curated bankable projects in key priority sectors at the ongoing three-day Africa Investment Forum (AIF) Virtual Boardroom sessions.
President, African Development Bank Group, Dr. Akinwumi Adesina who opened the Forum, remarked that the bankable projects would open up Africa to economic prosperity. The projects cover sectors such as agriculture and agro-processing; education; energy and climate; healthcare; minerals and mining; information and communications technology and telecommunication; and industrialization and trade. Some of these projects are women-centric, at a potential value of $5 billion. Some of the notable projects are the proposed highway connecting Lagos to Abidjan through Cotonou, Lome and Accra as well as the Nigerian film academy.
Adesina said that the projects curated include a $3.3 billion East Africa railway corridor connecting Tanzania, Burundi and the Democratic Republic of Congo as well as link Rwanda to Tanzania and a $15.6 billion transport corridor highway linking Lagos to Cotonou, Lome, Accra and Abidjan. Other projects are a $140 million film academy in Nigeria, $247 million special agro-industrial processing zones in northern Cote d’Ivoire, and a $545 million lithium mine project in the Democratic Republic of Congo among others.
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