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.

Devdiscourse News Desk | Cape Town | Updated: 31-10-2019 16:24 IST | Created: 31-10-2019 16:24 IST
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

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Soccer-CSKA Sofia name ex-Newcastle boss Pardew as technical director

Bulgarian club CSKA Sofia have appointed former Newcastle United and West Ham United manager Alan Pardew as technical director. Pardew stepped down from his previous role as manager of Dutch club ADO Den Haag in April after the 2019-20 seas...

Zaha misses clash against Burnley due to positive coronavirus test

Crystal Palaces Wilfried Zaha missed the clubs clash against Burnley after testing positive for coronavirus. While confirming the positive result of Zaha, Crystal Palace manager Roy Hodgson said the player is not feeling particularly ill.He...

Ind vs Aus: Steve Smith 'finds his hands' ahead of first ODI

Australian batsman Steve Smith had a disappointing Indian Premier League IPL season with the bat but the right-handed batsman has been able to find clarity of mind and body ahead of the limited-overs series against India, which gets underwa...

COVID-19: England to allow football fans into stadiums in December

In a major development amid the COVID-19 pandemic, a limited number of football fans in some areas of England will be permitted to return to stadiums, starting next month. Announcing the latest set of measures designed to combat the spread ...

Give Feedback