The Board of Directors of the African Development Bank Group and the founding partners of the Africa Investment Forum 2020 (AIF) have approved the postponement of the event to 2021 due to the current Covid-19 pandemic.
This annual forum of investors in Africa was initially planned for three days, in November, in the South African metropolis of Johannesburg.
The collegial decision is the result of a careful assessment of the impact of Covid-19 and its evolution, the associated risk of a second epidemic wave and its repercussions on worldwide travel, investments as well as the rules. of physical distancing.
The AIF will continue to fulfill its role in the realization of new offers, in the monitoring of investments and in the advancement of financial closing of transactions and the progression of existing contracts through its innovative digital platforms.
At the African Investment Forum 2019, some 57 cases worth a total of $ 67.7 billion were discussed. Fifty-two contracts worth $ 40.1 billion have attracted investor interest.
Last July, the founding partners of the AIF announced their intention to strengthen the engagement of strategic partnerships and the mobilization in favor of the Africa Investment Forum Market Days 2021 in order to help “boost investments in Africa”. They stressed the need to step up manufacturing activities in countries, while leveraging the continent’s considerable resources to unlock investment.
The Africa Investment Forum relies on four pillars to achieve its goals: contact, engagement, deal making and investment monitoring.
The founding partners of the AIF are the African Development Bank, the African Import-Export Bank (Afreximbank), the African Finance Corporation, the Africa50 infrastructure investment platform, the Islamic Development Bank, the Bank of Development of Southern Africa and the Trade and Development Bank.