The second Africa Investment Forum ended on a high note, Wednesday, with 56 boardroom deals valued at US$67.6 billion tabled – a 44 per cent increase from last year.

Fifty-two deals worth US$40.1 billion secured investor interest compared with US$37.8 billion dollars, last year.

During the 2018 edition of the Forum, 61 transactions valued at US$46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth US$38.7 billion, secured investment interest.

Presiding over the session: “Unveiling the Boardroom Deals”, African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that was the spirit of the Africa Investment Forum: “transactions, transactions, transactions. Deals, deals, deals!”

There were over 2,221 participants attended at this year’s Forum from 109 countries – 48 in Africa and 61, outside of Africa.

They came from government, the private sector, development finance institutions, commercial banks, and institutional investors.

”The Forum is a platform that will change Africa’s investment landscape,” Chinelo Anohu, the Forum Senior Director said.

“Africa is ready to engage on its own terms”, he added.

Some key take ways of the Forum included a US$600 million COCOBOD deal for Ghana, for cocoa processing, warehousing and processing, US$58 million for the Alithea Identity Fund for women and a concession agreement for the Accra Sky Train, worth US$2.6 billion.

The Forum focused on projects and advancing deals spanning several sectors, including Energy, Infrastructure, Transport and Utilities, Industry, agriculture, ICT and Telecoms.

“Now the hard work begins to fast-track these deals to financial closure… Africa is bankable,” Dr. Adesina said.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

For Latest Updates Follow us on Google News
Previous article58 1D1F projects begin operation
Next articleGhana Police Service to construct 70 operational centres
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here