AfDB hosts breakfast session on Africa Investment Forum in Abidjan

Abidjan, Côte d'Ivoire (PANA) - On the sidelines of the 2018 Africa CEO Forum, which will take place in Abidjan, Côte d’Ivoire, the African Development Bank (AfDB) will host a special breakfast session on the Africa Investment Forum (AIF) – an initiative championed by the Bank to actively engage the private sector and to facilitate projects that have the capacity of transforming the continent.

The breakfast session - “Africa Investment Forum – An Opportunity for Collaborative Leadership” - will take place on 27 March 2018, and will be chaired by the Bank President, Akinwumi Adesina.

Ghanaian President Nana Akufo Addo, and Naguib Sawiris, Chairman OTMT Investments, are among the high-level speakers. Other speakers include Anta Babacar Ngom, CEO, Groupe Sedima, and Amadou Hott, Vice President, Power, Energy, Climate and Green Growth at the bank, alongside top government officials and industry leaders.

Adesina is leading a delegation of Senior Bank Management to this year’s Africa CEO Forum, taking place from March 26-27 in Abidjan, Côte d’Ivoire.

The Bank has partnered with 'Jeune Afrique' magazine since 2012 in organizing the Forum, rated one of the most important international meetings bringing together African business leaders, investors and financial decision-makers from more than 70 countries, of which 40 are in Africa.

The breakfast session is the Bank’s inaugural event to promote the launch of the Africa Investment Forum (AIF) taking place in Johannesburg, South Africa, in November 2018. In addition to raising awareness on the AIF, the breakfast will enable a broader understanding of the key roles that governments, multilateral institutions and the private sector can play in accelerating Africa’s investment opportunities. It will also create a platform for dialogue between the parties to address the opportunities and challenges of attracting private capital to the continent.

Recent research by the AfDB reveals that Africa’s infrastructure requirements amount to between US$ 130 billion and US$ 170 billion a year. To address these challenges, the bank is championing the AIF as a platform to actively engage the private sector and to facilitate projects that have the capacity to transform the continent. AIF is designed to enhance private-sector cooperation and drive investment in sectors of strategic interest within Africa.

Key global companies, financial players, and public officials, will be invited to the Africa Investment Forum in November 2018 in Johannesburg to source funding for bankable projects, broker infrastructure deals, provide innovative financial solutions, and collectively address the continent’s critical infrastructure investment needs.

During the Africa CEO Forum, President Adesina is participating in the opening plenary session on “Tech revolutions: widening gap or leapfrog opportunity” on Monday.

The Bank’s Vice President for Private Sector, Infrastructure and Industrialization, Pierre Guislain, will also speak at two sessions: a “Roundtable on Governments as enablers: How government stakeholders can boost a digital economy” on Monday and a parallel session on “How to Turn African aviation into a success story in ten years” on Tuesday.
-0- PANA VAO/AR 24March2018

24 march 2018 07:41:46

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