BY FESTUS OKOROMADU, ABUJA
The 2023 African Investment Forum Market Days boardrooms secured $34.82 billion in investment interest during its three-day session in Morocco.
The figure is higher than the $31 billion investment interest secured in 2022.
Group President, African Development Bank, Akinwumi Adesina, announced the figure after the 2023 AIF Market Days held in Marrakech, Morocco.
The AIF Market Days is a dynamic, multi-stakeholder platform focusing on continental deal making, facilitating connections between project sponsors, policymakers, and investors.
The 2023 AIF Market Days event, themed “Unlocking Africa’s Value Chains,” brought together heads of state, decision-makers, multinationals, and investors.
“Talking of results, it is now time to unveil the results of the Africa Investment Forum 2023 Market Days boardrooms.
“We successfully secured 34.82 billion dollars of investment interests! What an incredible achievement, all in just 72 hours.
“I said, “Let’s do it again.” And we did it! And you did it! Thank you very much once again.
“These investments will deliver transformative impacts on the lives of people. That is the bottom line of the Africa Investment Forum: investing to improve lives,” Adesina said.
Adesina also said the AfDB alongside its founding partners, attracted the participation of institutions such as the United Kingdom Export Finance, and the Multilateral Investment Guarantee Agency.
“International Finance Corporation, Saudi Arabia Ministry of Investments, the United States Trade and Development Agency, and the European Bank for Reconstruction and Development participated.
“We also had the participation of the Japan International Cooperation Agency, and the Japan Bank for International Cooperation, among several others.
“We are building a financial powerhouse around investments in Africa,” he added.
