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Est 2009 Issue 46 - 2019
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Investment forum scores $40bn funding Andrea Chothia
A
fter three days of the Africa Investment Forum in Johannesburg, it concluded having scored $40.1 billion in funding. The Africa Investment Forum 2019, between 11 and 13 November scored approximately $40.1 billion in deals. The forum is a multi-stakeholder transactional marketplace conceived by the African Development Bank, aimed at raising capital and accelerating financial closure of deals. African Development Bank Presi-
dent Akinwumi Adesina said the forum secured $40.1 billion investment, compared to $38.7 billion last year. The opening ceremony was attended by President Cyril Ramaphosa, President Nana Akufo Addo of Ghana; President Paul Kagame of Rwanda; and Prime Minister Agostinho do Rosario of Mozambique. Ramaphosa said: “The time is now to unlock our potential. Our continent is ripe for investments, but more importantly, it is also brimming with enormous profitable opportunities. As the investor community, your presence
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shows your will to help us to succeed. I invite you to join us as we pass the flickering torch of progress across every border of this great continent until the light of economic prosperity illuminates every African village, every African town, every African city, in every African household.� The forum was launched in 2018 in partnership with Africa50, Afrexim Bank, the Trade Development Bank, the Development Bank of South Africa, the Islamic Development Bank, the Africa Finance Corporation, and Benedict Oramah and Ronnie Ntuli of Thelo DB signed an MoU for rail development the European Investment Bank.