Nearly 30 Projects Presented for Africa Investment Forum

21 September 2018
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African Development Bank (Abidjan)

Left to right: Keith Martin (Consultant for Compact for the Development of Portuguese-Speaking Countries in Africa), Ebenezer Essoka ( AfDB - AIF Senior Adviser) , Adriano Maleiane ( Minister of Economy and Finance), Neima Ferreira ( AfDB - AIF Senior Investor Relations), Pietro Toigo ( AfDB Country Representative), Agostinho Vuma ( CTA President), Lourenco Sambo (APIEX Director)

Investors and members of Mozambique's business and financial community have presented nearly 30 development projects for the Africa Investment Forum (AIF), the African Development Bank's new transactional platform for mobilizing investments in the continent.

This was disclosed at roadshow held on Monday 17 September, in the Mozambican capital Maputo, organized by the Bank, in partnership with the Agency for the Promotion of Investment and Exports (APIEX) and the Confederation of Economic Associations (CTA).

The Africa Investment Forum, scheduled for 7-9 November 2018, in Johannesburg, South Africa will bring together project sponsors, borrowers, lenders and investors, to accelerate Africa's investment opportunities.

Speaking at the event, Minister of Finance and Bank Governor for Mozambique, Adriano Maleiane, stressed Mozambique's commitment to support the inaugural edition of the AIF and announced his attendance at the event.

The Minister, along with the Director General of APIEX Lourenco Sambo, President of the CTA Agostinho Vuma and the Bank team, spoke in front of 100 participants including entrepreneurs, investors, CEOs of financial institutions and development partners.

Mozambique has submitted nearly 30 projects in diverse sectors such as agriculture and food processing, energy, and infrastructure, which will be subject to an intensive process of screening and prioritization in the days following the roadshow.

Stressing President Adesina's commitment to catalyze private investment in African Lusophone countries through the development of a Compact for Investment, Pietro Toigo, Bank Country Manager for Mozambique said, "Working with the Governments of Brazil and Portugal, the Bank is addressing the specific needs of Lusophone African countries. We are optimistic that Mozambique will have a prominent role in Johannesburg in November".

The three-day AIF event will unite global pension funds, sovereign wealth funds, and other financial sector investors. The Forum will also bring together a network of financial institutions with instruments to de-risk selected investment opportunities.

Read the original article on African Development Bank (AfDB).

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