Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 Billion Dollars of Deals Tabled, $40.1 Billion Investor Interest Secured

Photo: AfDB
(L-R) Premier of Gauteng, David Makhura; President of the Africa Development Bank (AfDB), Akinwumi Adesina; President of the Republic of Rwanda, Paul Kagame, hold up their Toronto Raptors NBA championship jerseys, presented to them on Day 1 of 2019 Africa Investment Forum (AIF) by Masai Ujiri, the president of basketball operations for the 2019 NBA champions, the Toronto Raptors. The Africa Investment Forum (AIF) was held in Johannesburg, South Africa, from November 11-13.
13 November 2019
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African Development Bank (Abidjan)
  • Africa is winning…Africa is bankable- African Development Bank President Akinwumi Adesina

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year.

Fifty-two deals worth $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 $46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth $38.7 billion, secured investment interest.

Presiding over the session: “Unveiling the Boardroom Deals”, African Development President Akinwumi Adesina said 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.”

Key moments of the Forum included:

  • a $600 million COCOBOD deal for Ghana, for cocoa processing, warehousing and processing
  • $58 million for the Alithea Identity Fund for women
  • A concession agreement for the Accra Sky Train, worth $2.6 billion

The 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.

Contact:

Amba Mpoke-Bigg, Communication and External Relations Department, African Development Bank, email:  a.mpoke-bigg@afdb.org , tel: +225 57 25 77 00

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