Left Menu
Development News Edition

SA seeks to drive advancement of infrastructure at Africa Investment Forum

The African Development Bank Group will convene the Africa Investment Forum from 11 - 13 November 2019 in Johannesburg.


SA seeks to drive advancement of infrastructure at Africa Investment Forum
The Minister was addressing a media briefing in Cape Town on the outcomes of the Cabinet meeting that was held on Wednesday. Image Credit: Twitter(@SAgovnews)

South Africa has an investment opportunity to tap into the capital that seeks to drive the advancement of Africa's infrastructure at the upcoming Africa Investment Forum, says Minister in the Presidency Jackson Mthembu.

"The forum brings together pension funds, sovereign wealth funds, private investors, private equity firms and heads of government. It will focus on developing and executing deals to unlock Africa's multibillion-dollar investment opportunities," the Minister said on Thursday.

The African Development Bank Group will convene the Africa Investment Forum from 11 - 13 November 2019 in Johannesburg.

"In pursuit of our stated goal of rolling out a public and private infrastructural programme, the government has set aside R100 billion over 10 years for a National Infrastructure Fund, and is looking forward to working with private investors and international financial institutions to leverage finance for our country's infrastructure development," Mthembu said.

The Minister was addressing a media briefing in Cape Town on the outcomes of the Cabinet meeting that was held on Wednesday.

South Africa Investment Conference (SAIC)

South Africa is also hosting the South Africa Investment Conference (SAIC) from the 5 - 7 November 2019 at the Sandton Convention Centre in Gauteng under the theme 'Accelerating Economic Growth by Building Partnerships'.

SAIC 2019 will build on the first SAIC held in October 2018, which attracted R300 billion in investment commitments.

"These included international e-commerce giant Amazon establishing a cloud-computing hub in South Africa; global mining company Vedanta Resources investing in a local smelter; Rwanda-based technology company, Mara Corporation, to make high-tech smartphones, and pharmaceutical company Aspen Pharmacare investing in the manufacture of sterile anesthetics.

"We join all South Africans in welcoming over 1 500 delegates representing local and international businessmen and women expected to attend the Investment Conference," Mthembu said.

On 7 November, the conference will proceed at the University of Johannesburg Soweto Campus, with a focus on entrepreneurship, innovation and growing small and medium businesses.

(With Inputs from South African Government Press Release)


TRENDING

OPINION/BLOG/INTERVIEW

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...

How India is being pushed towards commercialization of higher education

The reluctance of the present dispensation in pushing the higher education towards commercialization is not just limited to the fees hike in Jawaharlal Nehru University JNU. It seems the government is gradually implementing a plan which is ...

Videos

Latest News

Nitish calls upon people to take up pisciculture, solar power generation

Bihar Chief Minister Nitish Kumar on Thursday called upon the people to tap the huge potential that lay in fisheries and solar power generation and assured full assistance from his government.Addressing a public meeting here on the penultim...

UPDATE 2-Trump turns to U.S. Supreme Court as last chance to keep his finances secret

President Donald Trump on Thursday asked the U.S. Supreme Court to keep his financial records out of the hands of a Democratic-led congressional panel, setting up a major clash between branches of government. Trump turned to the justices af...

Trump threatens trade action to spur NATO contributions

U.S. President Donald Trump said on Thursday the United States may take action on trade with countries that are not contributing enough to NATO.Trump, fresh from a trip to London for a meeting of the North Atlantic Treaty Organization, has ...

Neusoft Medical showcases new innovations at RSNA 2019

RSNA 2019 marked Neusoft Medicals 20th year as an exhibitor. Neusoft Medicals diagnostic imaging solutions provide maximum value enabling healthcare providers to provide better care to their patients. Neusoft Medical keeps exploring new in...

Give Feedback