• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa Investment Forum: Investors Show Significant Interest in Africa With Deals Worth $29.2Bn

8 months ago
in Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
113
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa Investment Forum: Investors Show Significant Interest in Africa With Deals Worth $29.2Bn

The Africa Investment Forum 2024 Market Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco.

The Chair of the Africa Investment Forum, President of the African Development Bank, Dr Akinwumi A Adesina, described this latest total as “truly outstanding” and added that this could be even higher as in addition to the 37 deals that were ready, there were still more investments that were being discussed and worked on.

Adesina added that 2,300 investors and delegates had participated in this year’s Market Days, an increase of 60% over last year. They came from 83 countries:

“The waves of the Africa Investment Forum are cascading investment ripples from Africa to all parts of the world…I am proud that we have achieved for Africa.”

“Across 41 investment boardrooms, investors and project developers gathered to review, discuss and engage on 37 investment projects. The projects varied from transport, power, energy, agribusiness, industry, mining, pharmaceuticals, private equity, tourism, urban infrastructure, water management and water and sanitation.”

RelatedPosts

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

He described the Africa Investment Forum 2024 Market Days as a rich experience. He announced that the Forum has lined up 15 new sponsors, including banks, insurers and export credit agencies for next year, along with others who’ve expressed interest in joining as new partners:

“We are becoming a global investment movement for Africa.”

Adesina thanked the eight other founding partners of the Africa Investment Forum–Africa50, the Afreximbank, the Development Bank of Southern Africa, the Africa Finance Corporation, the Islamic Development Bank, the European Investment Bank, the Trade and Development Bank, and the Arab Bank for Economic Development in Africa. He also expressed his deep gratitude to King Mohammed VI and the people of Morocco for hosting the event for the second year in succession.

Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, praised the Forum’s achievements:

“It is a major catalyst and a successful and unique platform for investment and for accelerating the transformation of Africa. Investors came to Rabat to prospect, identify and invest in bankable projects, and say that Africa is open to business.”

She appealed to the African diaspora: “In Africa, the future is happening. We have good projects, we have energy and enthusiasm and we have the money to finance your projects.”

Before announcing this year’s investment interest numbers, Adesina was named “African of the Decade” by the All Africa Business Leaders Award(link is external), an initiative of the ABN Group in partnership with CNBC Africa, for his “exceptional leadership and commitment to Africa.”

Reflecting on his legacy as his 10-year tenure as head of the premier pan-African institution comes to an end next year, Adesina said, “I’m proud of what we’ve achieved. It has been the greatest honor of my life serving Africa! I will keep ‘cheering and pitching for investments in Africa.’”

He reiterated his optimism about the future of Africa, saying he would continue advocate for the continent after his tenure.  “My heart is in Africa; my soul and my mind is in Africa. Whatever I do will be in Africa.

Addressing journalists on the outcomes of the Market Days, Dr. Adesina revealed that many of the projects presented in the boardrooms received investor interest higher than estimated.

For example, he said, state representatives sought to mobilize $975 million for Nigeria’s Special Agro-Processing Zone, but the boardroom sessions garnered $4.8 billion. Similarly, projects initiated by Morocco and the Democratic Republic of the Congo drew investor interest higher than initially targeted.

During the closing press conference, representatives of the Forum’s founding partners reaffirmed their commitment to deepening collaboration and enhancing the platform’s convening power to mobilize critical investments for Africa. As the event grows, it solidifies its role as a cornerstone for catalyzing transformative investments across the continent.

Development Bank of Southern Africa’s CEO Boitumelo Mosako attributed the success of this year’s Market Days to the strong collaboration among the founding partners, as well as the quality and size of investors that participated in the boardrooms. “We have seen a growing strength in partnerships, we have seen innovations coming through and we really looking forward to more Africa Investment Forum Market Days in the future,” she said.

The partners also spoke about the key successes and challenges of the Forum over the past five years, ranging from the task of developing bankable projects to perceived market risks and cost of capital, among others.

“It’s a very structured process that the Africa Investment Forum represents. It is not just the Market Days. It’s a lot of preparation that builds up to the Market Days,” said Admassu Tadesse, Trade and Development Bank Group President and Managing Director.

Tags: Africa Investment ForumAfrica Investment Forum: Investors Show Significant Interest in Africa With Deals Worth $29.2Bninvestors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

RMA Demands Public Inquiry into Unibank Collapse, Slams AG’s Decision to Drop Charges

Trending

Features

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe The Ghana Airports Company Limited (GACL) has officially...

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.