The Africa Investment Forum 2018 will take place from 7 to 9 November 2018 in South Africa. This major event for investment in Africa organized by the African Development Bank (AfDB) will be held in Gauteng Province.
The official announcement was made by the African Development Bank at a press conference on Tuesday, May 8th.
The day before, the province of Gauteng had endorsed its decision to host on its soil this global initiative.
The first edition of the Africa Investment Forum will take place at the Sandton Congress Center in Johannesburg.
“The Africa Investment Forum investment in Africa is more than just a forum,” said host province prime minister David Makhura after meeting with the president of the African Investment Bank. development, Akinwumi Adesina, Johannesburg. We Africans are fed up with discussions about investments after which nothing happens. The African Development Bank is doing an excellent job working with other multilateral development partners, private equity funds, the private sector and governments to boost investment in our continent. Gauteng is ready and excited to host the event here in Johannesburg. ”
Looking forward to the opportunity to organize this event, David Makhura has estimated 100 billion needs of South Africa for the next ten years for the development of its infrastructure. “The Africa Investment Forum is the place where we want to raise capital to finance projects (…),” said the Premier of the province.
Nhlanhla Nene, South Africa’s finance minister, said, “The Africa Investment Forum is indeed the investment market in Africa. We do not doubt that it will have the desired effect on development (…) “.
For Akinwumi Adesina. The Africa Investment Forum will provide the global platform needed to catalyze private sector investment in Africa, bringing together promoters, strategic investors, venture capital funds and pension funds, sovereign investment funds and insurance companies. ”
The Africa Investment Forum is an open platform that aims to better organize initiatives among multilateral institutions, governments and the private sector to increase the pool of projects that can transform the continent.