Left Menu
Development News Edition

Africa Investment Forum 2019 ended with $40.1bn deals signed, Know its key moments


Africa Investment Forum 2019 ended with $40.1bn deals signed, Know its key moments
Over 2,221 participants attended this year’s Africa Investment Forum from 109 countries, 48 from Africa and 61 from outside of Africa. Image Credit: AfDB

The second Africa Investment Forum ended on a high note on Wednesday, November 13 in Johannesburg, South Africa with 56 boardroom deals valued at USD 40.1 billion tabled - a 44 percent increase from 2018.

It was the deal that brought participants to the 2019 Africa Investment Forum and they were not disappointed. Fifty-two deals worth USD 40.1 billion secured investor interest compared with $37.8 billion dollars last year. During the 2018 edition of the Forum, 61 transactions valued at USD 46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth USD 38.7 billion, secured investment interest.

Akinwumi Adesina, the President of the African Development Bank President said after Presiding over the session "Unveiling the Boardroom Deals" that was the spirit of the Africa Investment Forum: "transactions, transactions, transactions. Deals, deals, deals!"

Over 2,221 participants attended this year's Forum from 109 countries, 48 from Africa and 61 from outside of Africa. They came from government, the private sector, development finance institutions, commercial banks, and institutional investors. 'The Forum is a platform that will change Africa's investment landscape," Chinelo Anohu, the Forum Senior Director said. "Africa is ready to engage on its own terms."

Here are the key moments of the 2019 Africa Investment Forum included:

  1. A USD 600 million COCOBOD deal for Ghana, for cocoa processing, warehousing and processing
  2. A USD 58 million for the Alithea Identity Fund for women
  3. A concession agreement for the Accra Sky Train, worth USD 2.6 billion.

The 2019 Africa Investment Forum focused on projects and advancing deals spanning several sectors, including Energy, Infrastructure, Transport and Utilities, Industry, agriculture, ICT and Telecoms.

"Now the hard work begins to fast-track these deals to financial closure… Africa is bankable," Adesina said.


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

UK Conservative lead over Labour narrows to 12 points: Ipsos MORI poll

British Prime Minister Boris Johnson holds a 12-point lead over the opposition Labour Party, narrowing from two weeks ago, an Ipsos MORI poll for the Evening Standard newspaper showed on Friday.The survey showed support for Johnsons Conserv...

Former India TT coach Bhawani Mukherji no more

Former India table tennis head coach Bhawani Mukherji died of an unspecified stomach ailment here on Friday. Mukherji, 68, is survived by his wife and a son.He was suffering from a stomach ailment and passed away at his residence, TTFI secr...

Pele's last Brazil jersey sells for 30,000 euros in Italy

Milan, Dec 6 AFP The jersey worn by Brazilian football legend Pele during his final match for the five-time world champions has sold for 30,000 euros 33,000 in an auction in Italy. The three-time World Cup winner wore the jersey in a friend...

FACTBOX-Statistics on rape in India and some well-known cases

Indian police shot dead four men on Friday who was suspected of raping and killing a 27-year-old veterinarian in the city of Hyderabad, a police official told Reuters, drawing applause from her family and citizens outraged over crimes again...

Give Feedback