AfDB secures $31bn at 2022 Africa Investment Forum | TheCable

November 6, 2022 10:42 AM

The African Development Bank says it raised $31 billion in investment commitments for projects during the Africa Investment Forum.He said it brings the total investment for the year to about $64 billion.Adesina commended the forum’s outcomes and the partners’ commitment. “Despite the challenges, we are not afraid, and neither have we despaired nor lost hope. We are excited and committed to a collective goal of accelerating the closure of deals to transform Africa and its investment landscape,” he said.

Adesina said the investment forum’s focus is to attract more foreign direct investment to Africa and to ensure the private sector remains the driving force of that transformation.“The private sector is Africa’s growth accelerator. We must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe,” he said.

Projects announced earlier in the year were from agriculture and agro-processing, education, energy and climate, healthcare, minerals and mining, and information and communications technology.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AfDB, others mobilise $31b investment for Africa | The Guardian Nigeria News - Nigeria and World NewsThe African Investment Forum (AIF), a joint special investment vehicle of the African Development Bank (AfDB) and six other partners, have mobilised a total of $31 billion in fresh investment interest for projects across the continent.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Forum urges stakeholders to reset Africa Aviation Industry | The Guardian Nigeria News - Nigeria and World NewsStakeholders have been urged to work towards resetting the African aviation industry with a view to harnessing the benefits of sustainable energy and technology-driven operations.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Investment In Digital Resources Necessary To Advance Girls In Education - ExpertsStakeholders in the education-technology space have been advised to invest in digital resources to enhance the quality of education among girls.
Source: LeadershipNGA - 🏆 4. / 77 Read more »