The Africa Investment Forum’s 2023 Market Days has generated $34.82 billion in investment interest to support infrastructure, agriculture, health, and creative industry projects on the continent.
“We are building a formidable powerhouse around investments in Africa, that will deliver transformative impacts on the lives of people. That is the bottom line of the Africa Investment Forum: investing to improve lives,” the African Development Bank Group President, and Chairperson of the Africa Investment Forum, Dr. Akinwumi Adesina, stated at the event.
The three-day global event, with the theme “Unlocking African Value Chains,” ended on Friday in the city of Marrakech in Morocco, with 1,000 delegates from over 60 countries attending.
Meanwhile, at the launch event of the Alliance for Special Agro-Industrial Processing Zones, the African Development Bank, the Africa Export-Import Bank, the United Nations Industrial Development Organization, committed $3 billion to the alliance.
The Africa Investment Forum (AIF) also showcased several key side events, including regional transport corridors, a roundtable with a Japanese business delegation, and a Mayor’s Forum on leveraging cities and municipalities to unleash growth and development. The Mayoral event included mayors and governors from Lagos, Nairobi, Addis Ababa, Abidjan and ministerial representation from Rwanda.
Among delegates were several African heads of state and government, including President Azali Assoumani of Comoros and current chair of the African Union, President Samia Suluhu Hassan of Tanzania, President Julius Maada Bio of Sierra Leone, Rwanda’s Prime Minister Eduoard Ngirente. Also in attendance was the Prime Minister of Barbados, Mia Mottley.
The AIF is a multi-stakeholder platform focused on continental dealmaking and project facilitation between project sponsors, policy makers and investors. With this edition, the Forum has attracted nearly $180 billion in investment interest since it was launched in 2018.