Abidjan to host 2021 Africa Investment Forum

September 18, 2021

BUSINESS REPORTER

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire,  in December, a gathering which showcases investment opportunities across the African continent.

The December 1 to 3 event also seeks to raise funding for investment opportunities which have the potential to drive Africa’s recovery from the Covid-19 pandemic.

Participants will include investors, project sponsors and decision-makers, will be presented with a pipeline of deals that are ready for investment. Market Days 2021 will be held in a hybrid format. There will be boardroom sessions, where deals are agreed among those physically present, while other attendees will participate virtually, the organisers have said.

Discussions at Market Days 2021 will focus on many different sectors, notably: agriculture and agro-processing; energy and climate; health; ICT and telecommunication; and industrialisation and trade. These are all sectors prioritised under the Africa Investment Forum’s Unified Response to Covid-19 initiative, launched in 2020.

Boardroom sessions, where deals are finalised, will feature projects that are women-led, are in Africa’s creative industries and promote financial, economic, and social sustainability.

African Development Bank (AfDB) president Akinwumi Adesina said the organisers are looking forward to welcoming investors to “take the next step in Africa’s growth”.

“To achieve this growth, however, and to bounce back to pre-pandemic levels, Africa will need significant financial support. As an example. the whole of Sub-Saharan Africa will need $425 billion in additional gross financing by 2030,” he said.

At the 2019 Africa Investment Forum, 57 deals valued at US$67.7bn were tabled for discussions. Fifty-two deals worth US$40.1bn secured investment interest.

A flagship initiative of the AfDB, the investment forum was launched  in 2018 with seven founding partners—the Africa Finance Corporation, the African Export-Import Bank, the Development Bank of Southern Africa, the Trade and Development Bank, the European Investment Bank and the Islamic Development Bank.

Last year’s forum was postponed due to the Covid-19 pandemic.

 

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