Gauteng Province, South Africa, endorses the 2018 edition of the Africa Investment Forum (AIF) of the African Development Bank, calling it a global initiative that is the only way to transform the development landscape of Africa. continent.
From November 7 to 9, 2018, Gauteng Province will host this Africa Investment Forum, the first of its kind, at its Sandton Convention Center in Johannesburg.
“The Africa Investment Forum investing in Africa is more than just a forum,” said host province prime minister David Makhura after meeting with the president of the African Investment Bank. development, Akinwumi Adesina, Johannesburg. We Africans are fed up with discussions about investments after which nothing happens. The African Development Bank is doing an excellent job working with other multilateral development partners, private equity funds, the private sector and governments to boost investment in our continent. Gauteng is ready and excited to host the event here in Johannesburg. ”
The African Development Bank will officially announce the holding of the Africa Investment Forum, a leading investment market, on Tuesday (May 8th) at a major press conference.
“The Africa Investment Forum is one of the best platforms ever offered on our continent. Thank you for choosing Gauteng and South Africa, “said David Makhura.
In a meeting with the Bank delegation, South African Finance Minister Nhlanhla Nene said: “The Africa Investment Forum is indeed the investment market in Africa. We do not doubt that it will have the desired effect on development. South Africa is not only a gateway for investment on the continent, but it is also a leading African investor. We thank you for allowing us to host this first edition. ”
“The Africa Investment Forum will provide the global platform needed to catalyze private sector investment in Africa by bringing together promoters, strategic investors, venture capital funds and pension funds, sovereign investment funds and insurance companies” , argued Akinwumi Adesina.
“Africa needs to industrialize urgently,” added the Bank’s president. “For this to happen, we need to invest in infrastructure. At the African Development Bank, we propose to use aid to massively mobilize private capital to finance Africa’s development. Africa is not a poor continent. He has vast resources that simply need to be unlocked. We want this to be an investment market where transactions can be concluded that have an impact. ”
According to Gauteng’s prime minister, South Africa will need $ 100 billion over the next decade to develop its infrastructure. “The Africa Investment Forum is where we want to raise capital to finance projects. Africa has potential. The Bank’s High 5 development priorities are in line with our national economic plans. This is the best opportunity to harmonize our development priorities. ”
The Africa Investment Forum is an open platform that aims to better organize initiatives among multilateral institutions, governments and the private sector to increase the pool of projects that can transform the continent. The Bank is working with several partners and international players to make the Africa Investment Forum the springboard for the continent’s economic transformation.
Contact: Emeka Anuforo, Senior Communications Officer, e.anuforo@afdb.org
