Press Releases
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Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal
13-Nov-2019 - 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...
Africa’s infrastructure financing reaches an all-time high in 2018, surpassing $100 billion - ICA
12-Nov-2019 - The Infrastructure Consortium for Africa (ICA) on Tuesday announced a 24% leap in infrastructure financing in Africa in 2018, surpassing $100 billion for the first time, but significant financing gaps remain. Launched on 12 November at the Africa Investment Forum, the ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% up on the 2015-2017 average.Africa Investment Forum 2019: Removing obstacles to investment in Africa
12-Nov-2019 - "Identify the three main constraints on the private sector in Africa." This exercise, conducted at a working session of the Africa Investment Forum (AIF) on Monday in Johannesburg, saw some interesting perspectives emerge. The fifty participants at this session discussed challenges and the transformation needed to shift the investment rules of engagement on the continent.2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand
12-Nov-2019 - Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa.
Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs
12-Nov-2019 - The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has dubbed SheInvest. The EIB expects the gender-lending initiative to allow women to play a more active role in economies.Cameroun : la Banque africaine de développement et le Programme alimentaire mondial explorent des axes de collaboration
12-Nov-2019 - Le responsable pays, Solomane Kone et l’équipe des experts du Bureau de la Banque au Cameroun (COCM), ont eu une consultation avec une délégation du Programme alimentaire mondial (PAM), conduite par Janvier Litse, conseiller supérieur Afrique sur le développement financier, le 17 octobre 2019. La consultation (Deep Dive) avait pour objectif d’explorer les domaines possibles de coopération entre les deux institutions au niveau du Cameroun.
African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa production
12-Nov-2019 - Agreement is a turning point for scaling up the cocoa value chain – President Nana Addo Dankwa Akufo-Addo of Ghana Ghana is bankable, cocoa is bankable and of course Africa is bankable - Dr. Akinwumi A. Adesina, President, African Development Bank The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) signed a $600 million syndicated receivables-backed term loan on Tuesday, to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer.Africa Investment Forum: Family businesses - an underestimated economic driving force
12-Nov-2019 - Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views on how Africa’s unexplored wealth can benefit all who live here.
Speaking up: Diplomats, policy makers and the African Development Bank share lessons on creating harassment-free workplaces
12-Nov-2019 - A conversation “shift” is occurring in workplaces resulting in more people, especially women, speaking up and reporting sexual harassment, attendees of a special panel session on the topic organized by the African Development Bank, heard. The panel discussion entitled: Ensuring the Right of Everyone to a Harassment free Work Place: Lessons from the Front Lines, was held November 6 2019, as part of the Bank’s SVP’s Knowledge Series at the Babacar Ndiaye auditorium of the Bank’s headquarters. The event was also followed live by staff in regional...
2019 Africa Investment Forum: historic signing of high-speed railway construction concession agreement for Ghana, with the support of the African Development Bank
12-Nov-2019 - The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of the second Africa Investment Forum, running from Monday to Wednesday in Johannesburg. “It’s a great day for Ghana!” said Ghanaian President Nana Akufo-Addo. “I was here last year and I’m back this year to make sure the project moves forward. This proves how important the Africa Investment Forum is. The signing of this agreement is on track to...Africa Investment Forum 2019: Reinventing ways of acting and thinking for more efficient projects
12-Nov-2019 - Greater donor mobilization is needed to support the project preparation process that is so strategic for investment on the continent." These are the words of Patricia de Lille, South Africa’s Minister of Public Works and Infrastructure. She was part of the "Building early stage pipeline" panel discussion held at the Africa Investment Forum 2019 in Johannesburg, the economic capital of South Africa.AIF 2019 : « forger un récit proprement africain sur l’Afrique pour changer le regard des investisseurs sur le continent », selon un panel d’économistes
12-Nov-2019 - En marge de la 2ème édition de l’Africa Investment Forum (AIF) qui se tient du 11 au 13 novembre à Johannesburg, des économistes ont invité les Africains à se réapproprier le récit de leur propre histoire s’ils veulent améliorer le regard des investisseurs sur leur continent.Africa Investment Forum 2019: African Development Bank U.S. International Development Finance Corporation team up to mobilise private capital for Africa’s development
12-Nov-2019 - The U.S. International Development Finance Corporation (DFC) and the African Development Bank Group, today signed an agreement to mobilize private capital in support of development in Africa. The Memorandum of Understanding (MOU) was signed on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. Adam Boehler, DFC Chief Executive Officer said the multitude of urgent development challenges—from infrastructure development to financial inclusion and food security required collaboration with like-minded partners.2019 African Investment Forum builds on 2018 successes, attracts growing international interest
11-Nov-2019 - The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering.
2019 Africa Investment Forum kicks off delivering on the promise to redefine and unpack the continent’s investment opportunities
11-Nov-2019 - The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action. A $500 million equity deal presented by the Africa Infrastructure Investment Fund last year, to speed up investments in agriculture, and a $175 million equity transaction from the Africa Guarantee Fund for investors to support Small and Medium Size Enterprises, are among the transactions that found financial close over the past year.
Africa Investment Forum 2019: "No country on the continent left behind," says Akinwumi Adesina
11-Nov-2019 - The President of the African Development Bank Group, Akinwumi Adesina, has given the assurance that no country would be left behind as the institution accelerates its development agenda. “No country is left behind and there will be no country,” Adesina told journalists on Monday at the Africa Investment Forum, held from 11 to 13 November in Johannesburg, South Africa. “We are ensuring that many investments are directed to fragile or low-income countries. We are not afraid to invest in Africa and in so-called ‘at-risk’ countries.”
2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa
11-Nov-2019 - For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa
Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm
10-Nov-2019 - The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South Africa. The multi-stakeholder transactional marketplace is aimed at raising capital, advancing projects to bankable stage and accelerating financial closure of...