ACCESS

VAIDS

Monday, June 25, 2018

Investment Marketplace Coming to Africa

NIGERIA - The inaugural Africa Investment Forum in November in Johannesburg aims to accelerate Africa’s development and close the annual $67 billion to $107 billion investment deficit. 

From November 7-9, Africa Inc. will
convene in South Africa’s Gauteng Province, the continent’s seventh largest economy, for the inaugural Africa Investment Forum (AIF).

An initiative of the African Development Bank (AfDB), it was announced in May in Johannesburg by AfDB President Akinwumi Adesina with Gauteng premier David Makhura.

“It will be the continent’s first-ever investment market place,” said Adesina, formerly Nigeria’s minister of agriculture.

“South Africa is open for business again, and as Gauteng, we are ready to host the forum on behalf of not only South Africa, but for Africa,” said Makhura, calling the forum “the Davos of Africa.” 

A platform to close the investment gap, Adesina called it a game-changing initiative.  

“It cannot be business as usual, it must be business unusual,” he said. 

 With Africa’s population set to be two billion by 2050, its development needs will require an estimated $600-$700 billion per annum. So accelerated development will be the forum’s focus.  

No comments:

Post a Comment

OPEN ZENITH BANK ACCOUNT

OPEN ZENITH BANK ACCOUNT
ZENITH

Share

Enter your Email Below To Get Quality Updates Directly Into Your Inbox FREE !!<|p>

Widget By

VAIDS

FORD FIGO

BOSCH