It’s back to business for African stakeholders after the conclusion of the heated COP29 Azerbaijan Summit. Kicking off the long list of progressive conferences and forums is the African Investment Market Days. It’ll be held in Rabat, Morocco, between Dec 4th-6th.
The African Development Bank (AfDB) and seven other founding partners lead the African Investment Forum (AIF). They aim to close investment deals with global and regional investors to maximize Africa’s business potential.
One of the AIF’s goals is to include local investors in the deals. True to that, the forum’s officials gathered at the African Export-Import Bank’s head office in Cairo, Egypt, on November 14, aiming to convince local business owners to participate in this year’s African Investment Forum Market Days.
Speaking on behalf of the AFDB President, Ms. Yacine Fal, highlighted AIF’s $2433 billion portfolio, an excellent reason for local investors to get involved. Additionally, they’ll get connections to eager global economic powerhouses looking for a piece of Africa’s investment potential.
Moreover, while at the Cairo event, Zitto Alfayo, Afreximbank’s Head of Project Preparation, emphasized the need to work as a collective heading to the Rabat African Investment Forum.
AIF2023 saw crucial deals closed in the food production and agriculture sectors. Therefore, there is high hope for the upcoming forum to address the failure of the Finance COP in Baku and how Africa can progress in its relationship with foreign investors.
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