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Africa unites to unlock value chains

Africa unites to unlock value chains

Africa Investment Forum secures $34.82 Billion in investor interest (Courtesy photo)

The Africa Investment Forum’s 2023 Market Days, which just concluded in Marrakech, Morocco, brought in a whopping $34.82 billion in investment interest for various projects in Africa.

This three-day global event had a theme of “Unlocking African Value Chains” and drew over 1,000 delegates from more than 60 countries.

The goal of the Africa Investment Forum is to bring together people and organizations interested in investing in Africa to improve the lives of its people.

This year, the event featured leaders from various African countries, including President Azali Assoumani of Comoros, President Samia Suluhu Hassan of Tanzania, President Julius Maada Bio of Sierra Leone, and many more.

The Africa Investment Forum focuses on making deals and facilitating projects in sectors like infrastructure, agriculture, health, and creative industries.

Some of the exciting deals discussed at the event included a railway project in Tanzania, an integrated port project in Zanzibar, agri-business, renewable energy, creative industries, and healthcare projects.

The event also featured side events like discussions on regional transport corridors, partnerships with Japanese businesses, and a Mayor’s Forum on using cities and municipalities for growth and development.

The event also saw the launch of the Alliance for Special Agro-Industrial Processing Zones, which received a commitment of $3 billion from organizations like the African Development Bank and the Africa Export-Import Bank.

Several founding partners of the Africa Investment Forum, including the Islamic Development Bank, the Trade and Development Bank, and the European Investment Bank, expressed their commitment to fueling Africa’s growth and development.

The event was a success, with many partners showing interest in investing in the continent’s future.

This year’s event also saw the African Development Bank signing a Letter of Intent with Morocco’s sovereign wealth fund, the Mohammed VI Investment Fund, to support the private sector, especially small and medium-sized enterprises and infrastructure in Morocco.

The Africa Investment Forum, launched in 2018, aims to bring together resources to bridge the infrastructure investment gap in Africa.

The founding partners of this initiative are the African Development Bank Group, Africa50, Afreximbank, the Africa Finance Corporation, the Development Bank of Southern Africa, the European Investment Bank, the Islamic Development Bank, and the Trade and Development Bank.

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