• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Decent first 2021 auction for DMO, but drive to finance FGN deficit still poses a challenge

      3 hrs

      Finance

      Exposing Nigeria’s vulnerabilities: Covid-19, crude oil downsides from weak global macro environment

      3 hrs

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      SDG: Covid-19 magnifies financing gap in developing countries by 70%, says OECD

      53 min

      Frontpage

      Africa startups received $2.44bn investment with marginal drop in 2020

      13 hrs

      Markets

      Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO

      January 23, 2021

      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      January 22, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Oil and Gas

      Nigeria’s electricity DisCos create imbalance costing N20.5bn in 3 weeks  

      16 hrs

      Companies

      Appeal Court suspends order against shutting of SEPLAT headoffice

      January 23, 2021

      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Misconstruing Data Protection Officer function within organisations

      January 25, 2021

      Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

Africa Investment Forum WORLD BUSINESS & ECONOMY

AfDB, partners commit $3.8bn to speedily close Africa’s investment gap

July 20, 20201.6K views0 comments

  • 15 deals in AIF’s current portfolio
  • All deals valued at $3.79 billion earmarked to address the impact of COVID-19

AfDB, partners commit $3.8bn to speedily close Africa’s investment gap

By Charles Abuede

The Africa Investment Forum (AIF) in a collaboration supportive of the African Development Bank (AfDB) alongside its founding and institutional partners, has revealed it is working to accelerate the closure of the investment gaps across the continent to bring about an increased and decisive investment that will be the channel for Africa’s economic recovery post-COVID-19.

The partners of the Africa Investment Forum made this revelation while expressing confidence in the continent’s potentials to spring back from the ongoing health and economic crises, during a two day virtual meeting for the Africa Investment Forum founding, institutional and knowledge partners.

Read Also:

  • AfDB signs investment partnership with EIB to fast track development in Africa
  • Africa’s $60bn losses in illicit capital flows due to multinationals’…
  • Africa startups received $2.44bn investment with marginal drop in 2020
  • Africa’s $3bn+ data centre market presents opportunities
  • Africa opens world’s largest single market (4)
Chinelo Anohu, head and senior director of the Africa Investment Forum
Akinwumi Adesina, president, African Development Bank

Akinwumi Adesina, president, African Development Bank, in his keynote address said “Africa will come out of this pandemic, tough as it is, and will build better and stronger economies. As partners of the Africa Investment Forum, the premier investment platform for Africa, our gaze must be clear; help Africa reboot its economy,”

The Africa Investment Forum, during the virtual meeting, revealed 15 projects it identified for priority funding consideration across five sectors under its Unified COVID-19 Response.

The 15 deals are, however, collectively from the investment forum’s current portfolio amounting to $3.79 billion and cuts across sectors which include agriculture and agro-processing, energy, health, ICT and telecoms and industrial and trade. The AIF further reported that the projects will help increase the continent’s self-sufficiency and resilience against future shocks. Four projects sponsors were invited to pitch their deals to over 100 investors present at the meeting. The deals include:

  • Dairy processing project in Angola,
  • Vaccine manufacturing plant in Kenya,
  • Cotton manufacturing project in Mozambique; and
  • Proprietary telemedicine platform in Nigeria.

Following the meeting, which took place as the Africa Investment Forum maintains its efforts to build on the successes of its first two years in bringing to market deals with transformative potential for Africa’s development, the forum’s deal tracker mechanism was straightway deployed to capture investment interest and also ensure effective investor-project matchmaking.

Chinelo Anohu
Chinelo Anohu, head and senior director of the Africa Investment Forum

Chinelo Anohu, head and senior director of the Africa Investment Forum, declared that “the Africa Investment Forum is not a talk shop. What we are trying to do is to focus our partners’ efforts on the platform’s bankable deals from the 2018 and 2019 portfolio, as well as some new ones in 2020. We are concentrating not just on the health sector, but also on other sectors that will help jumpstart recovery across the continent,” she added while stressing that deals “more responsive” to the pandemic are being curated, to provide much-needed support to the private sector.

The investment forum, while revealing its Unified COVID-19 Response and an update on its activities disclosed that the Africa Investment Forum beyond Boardroom Sessions continues to support project sponsors through it’s Deal Tracker mechanism, which monitors the conversion of investment interests to financing commitments, and facilitates the progress of deals towards financial close.

The AfDB partners also revealed that so far, the forum has facilitated the closure of eight deals valued at $2.18 billion from 2018 portfolio.

In the virtual meeting, which mirrored typical sessions of its annual Market-Days, the Africa Investment Forum assembled over 190 participants including current and prospective partners, investors and project sponsors.

Share on Facebook Tweet Email
TagsAfDB Africa Investment Forum African Development Bank AIF
PreviousOne Number Dial bridges communication gaps
NextAccess Bank completes full acquisition of Kenya’s Transnational Bank

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Bargain hunters feast on Airtel, MTN, Lafarge as Nigeria bourse swings higher
  • SDG: Covid-19 magnifies financing gap in developing countries by 70%, says OECD
  • Nigerian university agriculture institute researchingflood resistant maize
  • CBN’s MPC keeps MPR at 11.50% in line with analysts’ expectations
  • Lagos opens gateway to 1000 potential youth entrepreneurs with coconut-based art and craft training

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Barclays Africa plans listing on the Nigerian Stock Exchange in July

Frontpage June 1, 2018

1
2

Foreign investors cash out N75bn from stock market in January 2018

Frontpage February 28, 2018

3

Lagos port operators to get 30% waiver on throughput charges

Frontpage June 29, 2019

4

Nigeria earns $640.35m from Crude export in Oct – NNPC

Frontpage January 16, 2019

5

NNPC recovers N771m forfeited assets from defaulting marketers

Frontpage March 5, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.