Investments 

Africa Investment Forum 2019: Masai Ujiri urges African leaders to invest in sports, commissions two new “players”

Masai Ujiri, President of the Toronto Raptors, made his second appearance at the Africa Investment Forum, renewing his call for African governments to invest in sports. Ujiri, the only President of National Basketball Association (NBA) of African origin in franchise history, has worked hard over the past year to scout talent and raise awareness about the success and growth of sports on the continent. “We should be supporting teams here in Africa, that should be our vision. Sports is the next big thing in Africa,” Ujiri said, calling on investors…

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Investments 

Africa Investment Forum 2019: "Africa's time is now!", says Akinwumi Adesina, President of the African Development Bank

At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution’s support. During the closing ceremony of AIF 2019, held from 11 to 13 November in the economic capital of South Africa, President Adesina said, “The Africa Investment Forum is the work of a collective, of those who believe in the development of the continent. Africa’s time is now and we…

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Investments 

Africa Investment Forum 2019 : le programme « Desert to Power », initié par la Banque africaine de développement, au centre des discussions d’un…

Le programme « Desert to Power », initié par la Banque africaine de développement pour fournir de l’électricité à 250 millions de personnes dans la région du Sahel, a fait l’objet d’une session spécifique mardi à l’Africa Investment Forum 2019, organisé à Johannesburg, en Afrique du Sud. Le panel de cette session intitulée « Investir dans le soleil : l’initiative Desert to Power » était animé par Wale Shonibare, vice-président de la Banque africaine de développement en charge des énergies. A ses côtés figuraient plusieurs experts sectoriels :  Paloma Perez de Vega, Cheffe de…

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Investments 

Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal

Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabled a $24.6 billion transformative project for Mozambique’s economy, the largest deal to feature at the 2019 Africa Investment Forum. The project includes the development of the Golfinho and Atum fields and the nation’s first onshore liquefied natural gas plant. Mozambique’s Prime Minister Agostinho do Rosário made the announcement at a media briefing session during the Forum, the continent’s premier investment marketplace, organized by the African Development Bank and its partners. The project is an opportunity to create jobs…

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Investments 

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled – a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest compared with $37.8 billion dollars last year. During the 2018 edition of the Forum, 61 transactions valued at $46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth $38.7 billion, secured investment interest. Presiding over the session:…

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Investments 

African has grasped the Fourth Industrial Revolution, according to African Development Bank report, but its role globally could be even bigger

A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.  The report, titled “Potential of the Fourth Industrial Revolution in Africa”, was launched on Monday at the Africa Investment Forum, the continent’s premier investment marketplace, organized by the African Development Bank and its partners. It found significant uptake already in Africa of the Internet of Things – a market that could be worth as much as…

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Investments 

Toilets in schools matter – how African Development Bank is making a difference

At 14, Mercy Kamanga dropped out of school at Standard eight in St Paul’s Primary School in Mzimba, Malawi, due to a lack of suitable sanitation facilities. “The toilets at our school were very few, small, dilapidated and didn’t have doors; only a piece of cloth covered the entrance. Our male colleagues often rushed to nearby bushes to help themselves. It was not easy for us the girls,” recalled Mercy. It was a worse situation for girls who were in their menstrual period, and like Mercy, some other adolescent girls…

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Investments 

Raising capital to finance development – the Bank as innovator and catalyst

In many ways, Africa needs trade and investment even more than it needs development aid. This is reflected by the African Development Bank’s commitment to explore all the possible options of mobilising domestic resources. Africa’s financing needs will remain very large over the next few decades. Both public and private capital formation will be necessary to pursue the necessary structural transformation of African economies into industrial and post-industrial societies. Governments, of course, remain critical in sustaining investment in Africa in the coming decades, and external debt financing is key to…

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Investments 

The Africa Investment Forum: an accelerator for Africa’s agricultural transformation

This week, business leaders, project developers, development finance professionals, institutional investors representing pension and sovereign wealth funds, as well as policymakers meet in Johannesburg for the second Africa Investment Forum convened by the African Development Bank. The Forum is an innovative marketplace – dedicated to moving development ideas and projects to bankability, to mobilizing capital, and to accelerating the financial closure of deals that can improve the lives of millions of people. Among other things, the Africa Investment Forum has the potential to accelerate Africa’s agricultural transformation. In much of Africa,…

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