BUSINESS REPORTER
The Africa Investment Forum will hold virtual boardroom sessions from March 15 to 17 meant to showcase more than US$50bn of curated bankable projects to investors as the continent seeks to shake off the effects of the Covid-19 pandemic.
The sessions were to have been held during the Africa Investment Forum Market Days Event in November 2021, which was postponed due to detection of the Omicron variant.
The boardrooms will feature projects in key priority sectors identified in the Africa Investment Forum’s 2020 Unified Response to Covid-19 initiative, the African Development Bank (AfDB) has said.
The sectors include agriculture and agro-processing; education; energy and climate; healthcare; minerals and mining; information and communications technology and telecommunication; and industrialisation and trade.
Nine of these projects are women-led, with a potential value of US$5bn, it said.
AfDB president Akinwumi Adesina will open the virtual meetings on March 15. He will make a closing presentation and an announcement on March 17.
Launched in 2018, the Africa Investment Forum is a multi-stakeholder, multi-disciplinary platform that advances private and public-private partnership projects to bankability. It also raises capital and accelerates deals to financial closure.
The Africa Investment Forum is an initiative of the AfDB with Africa 50, 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 as founding partners.
