The maiden annual Africa Investment Forum (AIF) 2018, which is a multi-stakeholder and disciplinary collaborative platform for economic and social development, will be used to increase investments into the continent.
From the Sandton Convention Centre in Johannesburg, South Africa, between November 7-9, project sponsors, borrowers, lenders and investors will congregate at the forum to accelerate Africa’s investment opportunities.
A statement from the organisers said processes will be harmonized, origination will be centralized, intermediation costs reduced and quality of project information and documentation improved in order to increase action-oriented engagement between African governments and the private sector.
AIF is a joint effort of major development finance institutions, projects sponsors and other investors integrated in accelerating Africa’s prosperity.
Each will use tools at their disposal to de-risk investments at scale and follow through on transactions.
AfDB through AIF and its partners will accelerate private sector investments in Africa through a combination of project preparedness, pipeline development, policy environment, project bankability and investment promotion.
AIF is expected to host concrete and focused investment opportunity sessions through boardroom discussions, bi-lateral meetings and workshops, leveraging on global investors and policy-makers.
President of AFDB Group, Dr Akinwumi Adesina said “I do not seek aid, I seek investment for Africa. We have to look at Africa from an investment lens.”
He described the AIF as a unique way of sealing investment deals: “I know you have gone to several forums, but this is different. It is not a talking forum, but a 100 percent transactional platform that we have set up to leverage global pensions funds, sovereign wealth funds and other institutional investors to invest in Africa-in pharmaceuticals, in agriculture, in infrastructure, power, you name it.”
“The Bank is working to ensure that the AIF becomes Africa’s springboard for investment and for meeting the continent’s infrastructure and development needs”, says Dr Adesina.