The African Development Bank (AfDB) is working with other multilateral development partners and stakeholders to organize the Africa Investment Forum. The forum, which aims to discuss mainland investments, is intended to raise capital, advance projects to the financing stage and accelerate business closure.
The bank points out that there is an urgent need to bridge the gap between Africa’s available capital and banking projects. While teeming with investment opportunities, financing for Africa’s development needs will require between $ 200 billion and $ 1.2 trillion per year. Of this amount, about $ 130 to $ 170 billion a year is needed for infrastructure, according to the bank’s own data.
As in the previous edition, the 2019 Forum will bring together project sponsors, pension funds, sovereign wealth funds, private investors, policymakers, private equity firms and heads of government. The organization aims to make it the continent’s premier investment springboard to meet Africa’s enormous infrastructure and development needs. In its inaugural edition last year, 63 projects from 24 countries and seven sectors valued at US$ 46.9 billion were presented.
The forum will be held November 11-13, 2019 at the Sandton Convention Center in Johannesburg, South Africa.