France's economy expands on service, inventories    Cairo Airport running smoothly after outage – Cabinet    Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Africa Investment Forum 2022 wraps up, mobilizing $31bn of investment interests
Africa Investment Forum 2022 is Africa's largest transactional investment marketplace, bringing together deal sponsors, deal brokers, and dealmakers from around the world
Mohamed Samir Published in Daily News Egypt on 04 - 11 - 2022

Abidjan — The Africa Investment Forum (AIF) 2022 concluded on Friday, collectively mobilizing about $31bn of investment interests in projects.
The third edition of the Africa Investment Forum (AIF) Market Days started on Wednesday in Abidjan, Côte d'Ivoire.
It ran from 2 to 4 November.
"I was impressed to see heads of state and ministers acting as CEOs of their countries to attract investments," President of the African Development Bank Group Akinwumi Adesina said.
Adesina stressed that what makes AIF different, is that it is about excellent projects.
Despite the geopolitical developments around the world, AIF managed to mobilize $63bn of investment interest this year alone in this edition and the previous one which was in March, he continued.
"Next year we will work on agri-industrial zones across Africa. Our lower bar is that Africa feeds itself, the high bar is that Africa feeds the world."
He revealed that AfDB will launch a $20bn programme to create the largest solar zone in the world, across 11 countries providing electricity for 250 million people.
"To do so we need to manufacture poly-silicon here on the continent, which is used to build solar panels and we will support that."
The bank will also work to develop value chains for lithium batteries which are used in electric vehicles.
The Africa Investment Forum 2022 is Africa's largest transactional investment marketplace, bringing together deal sponsors, deal brokers, and dealmakers from around the world.
This year's edition witnessed the participation of several African heads of state, namely presidents of Ghana, Zimbabwe, and Ethiopia. Also, vice presidents of Liberia, Tanzania, and Côte d'Ivoire attended the forum.
The leaders vowed to continue working to strengthen the economic resilience of their countries against external shocks.
Since its inception in 2018, the Africa Investment Forum platform has mobilized investment interests of over $100bn, which now will hit the $131bn mark.
AIF is an initiative of the African Development Bank; 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.

Clic here to read the story from its source.