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Africa Investment Forum 2018: African Financial Alliance on Climate Change (AFAC) unveils guiding principles
12-Nov-2018 - The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum. Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa.Africa Investment Forum 2018: African Development Bank achieves significant progress with energy projects across Africa.
12-Nov-2018 - The just-concluded Africa Investment Forum successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the Africa Energy Market Place (AEMP) progressed with country-specific discussions that began at the inaugural AEMP in July 2018 aimed at removing barriers to private sector investments in energy.African Development Bank and European Bank for Reconstruction and Development invest €150 million in sanitation in Tunisia
12-Nov-2018 - During the Africa Investment Forum (AIF) held in Johannesburg, South Africa, the president of the African Development Bank, Akinwumi Adesina, and the president of the European Bank for Reconstruction and Development, Suma Chakrabarti, met to discuss new avenues for cooperation between the two institutions.African Economic Conference - Interview with African Development Bank’s Regional Integration and Business Delivery Vice-President, Khaled Sherif
11-Nov-2018 - In this interview ahead of the African Economic Conference, the African Development Bank’s Vice-President for Regional Integration and Business Delivery, Khaled Sherif disagrees with the assertion that Africa’s regional integration is not a reality. In his view, the Bank Group’s investments have contributed to integrating Africa.
Africa Investment Forum: High-tech player Mara announces first African-made smartphone
09-Nov-2018 - African high-tech player Mara on Friday announced the production of their newest product, the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. “China has Huawei, Xiaomi; the U.S has iPhone and finally Africa has Maraphone,” Ashish Thakkar, founder of Mara Group told a press conference on the final day of the Africa Investment Forum, currently underway in Johannesburg, South Africa.Africa agribusiness, a US$1 trillion business by 2030
09-Nov-2018 - As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum to make deals on investment opportunities, leaders of the continent’s top agribusiness companies shared their thoughts on the future of the industry. With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said, fueling the motor of inclusive growth.
Africa Investment Forum: G20 Compact with Africa assesses role in facilitating private sector investments
09-Nov-2018 - As part of the Africa Investment Forum, ministers from the G20 Compact with Africa (CwA) assess its impact and role in driving private sector investment into Africa. Five African Ministers, from South Africa, Cote d’Ivoire, Ethiopia, Morocco and Tunisia and four ministers from Canada, Germany, Norway and the USA, held a plenary session in the Sandton Convention Centre on the first day of the Forum in Johannesburg, South Africa. The speakers said the Compact had opened channels for synergies around attracting investment and creating conducive...Africa Investment Forum: Development Financial Institutions pledge joint effort to ramp up investment into Africa
09-Nov-2018 - Major Development Finance Institutions (DFIs) have agreed to join forces to help boost private investments in developing economies, particularly those in Africa. The commitment was made by high-profile representatives from development finance institutions in Europe, Africa and Asian at the Africa Investment Forum, in Johannesburg.Africa Investment Forum 2018: Unveiling the boardroom deals, key highlights
09-Nov-2018 - The first of its kind transaction-based investment Forum in Africa, on Friday unveiled the conclusions of the boardroom sessions at the heart of the Forum, which brought together over 1,000 participants from government, the private sector, development finance institutions, commercial banks, and institutional investors such as sovereign wealth funds and pension funds.Africa Investment Forum delegates underscore pathways to Africa’s rapid industrialisation
09-Nov-2018 - The industrialise Africa session at the Africa Investment Forum ran late into the evening on Thursday, with delegates focussing on how to drive investment, expand trade and industry and create African industrial champions. Among the panellists were Ibrahim Mayaki, CEO of the New Partnership for Africa's Development (NEPAD); Emma Wade-Smith, British Trade Commissioner for Africa, and Geoffrey Qhena, CEO of South Africa’s Industrial Development Corporation (IDC).
Africa Investment Forum exceeds expectations, participants unanimously agree
09-Nov-2018 - The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed. The Africa Investment Forum ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that “exceeded all expectations.”South Africa’s IDC and African Development Bank sign loan agreement to ramp up industrial and infrastructure development in Africa
09-Nov-2018 - The African Development Bank and the Industrial Development Corporation of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. This facility will support IDC in delivering on its industrial mandate. The Agreement was signed on 7 November during the African Investment Forum in Johannesburg.La Banque africaine de développement approuve un accord de partenariat avec Natixis pour développer le commerce en Afrique
09-Nov-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé un Accord de participation aux risques (APR) d’un montant de 50 millions de dollars EU au profit de Natixis. Ce programme de partage de risques (50/50), en mesure de couvrir un portefeuille de transactions à concurrence de 100 millions de dollars EU, vient en soutien des quelque 600 millions de dollars EU (valeur cumulative) d’opérations commerciales sur les 3 prochaines années.If you want to know ‘The Big Five’ trends that will affect business in Africa. This is the book to read
09-Nov-2018 - For one week, Acha Leke and Mutsa Chironga studied stories from international news outlets to gauge the stories being told about Africa. What they found motivated them to change the narrative about the continent. In that one week, the only African news they could find were about Nigerian terror group, Boko Haram, African migrants who drowned while trying to escape conditions at home, and articles on corruption in Angola.
The Trade and Development Bank and USAID Sign MoU to Power Africa
08-Nov-2018 - The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of transactions anticipated to take place.President Cyril Ramaphosa to officially open the Africa Investment Forum at the Sandton Convention Centre
08-Nov-2018 - South African President Cyril Ramaphosa will today, Thursday, 08 November 2018, officially open the inaugural session of the African Development Bank’s Africa Investment Forum. The Africa Investment Forum is currently taking place at the Sandton Convention Centre in Johannesburg, South Africa from 7 to 9 November 2018.Lusophone countries have identified a pipeline of more than US$5 billion in private sector and private-public partnership (PPP) projects to accelerate growth in their economies
08-Nov-2018 - The projects form part of a development finance compact between the Bank, the government of Portugal, and the six Portuguese-speaking countries of Africa - Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, and Sao Tomé and Principe, also known as PALOPs. The compact, signed at the African Investment Forum in Johannesburg on Tuesday, stems from efforts by the African Development Bank to bring more focus on the private sector in the PALOPs.Climate, agribusiness, gender are key priorities in new agreement between African Development Bank and FinDev Canada
08-Nov-2018 - The African Development Bank and FinDev Canada – the Canadian government’s development finance institution – have agreed to collaborate in joint transaction opportunities, external partnerships and best practice to achieve the Sustainable Development Goals in Africa.Africa Investment Forum: Putting women at the heart of financial systems
08-Nov-2018 - Panelists on the first day of the inaugural Africa Investment Forum have urged investors to ensure that women are placed at the heart of financial systems, echoing President Akinwumi Adesina’s call for increased support to women. Adesina made the comments while addressing a session on “Investing in Women for Accelerated Growth,” as the Forum got underway in Johannesburg, South Africa.