2nd edition of Africa Investment Forum to open on Nov 11 at Johannesburg
The second edition of the Africa Investment Forum will take place from November 11-13, 2019 at the Sandton Convention Centre in Johannesburg, South Africa.
October 09, 2019: The second edition of the Africa Investment Forum will take place from November 11-13, 2019 at the Sandton Convention Centre in Johannesburg, South Africa.
Organised by the African Development Bank (AfDB) and its partners, it is the largest multi-stakeholder and multi-disciplinary marketplace aimed at raising capital, advancing projects to the bankable stage and accelerating financial closure of deals.
It’s 54 days until the 2nd #AfricaInvestmentForum – the Bank’s investment marketplace which gathers investors, scales up deal bankability, attracts capital and accelerates investments into Africa’s critical sectors @AIFMarketPlace pic.twitter.com/WLzOCsxmlY
— African Development Bank Group (@AfDB_Group) September 17, 2019
There is an urgent need to bridge the gap between Africa's available capital and bankable projects. Although brimming with investment opportunities, financing Africa's development needs will require between $200 billion and $1.2 trillion yearly. Of this, about $130-$170 billion a year is needed for infrastructure, according to data by the AfDB.
The bank is working with other multilateral development partners and stakeholders to ensure that the forum becomes the continent's key springboard for investment to meet the massive infrastructure and development needs.
Similar to the first edition, the 2019 forum will bring together project sponsors, pension funds, sovereign wealth funds, private investors, policymakers, private equity firms, and heads of government to advance Africa's economic transformation agenda.
The inaugural edition broke the mould for investment in Africa. It featured some 63 projects from across 24 countries and seven sectors valued at $46.9 billion.
Know more about the forum at https://africainvestmentforum.com/
