AFRICA — It was deals that brought participants to the 2019
Africa Investment Forum (AIF) and they were not disappointed.
The second Forum ended on a high note with 56 boardroom deals valued at $67.6 billion tabled – a 44% increase from last year.
Out of the 56 boardroom deals tabled, fifty-two deals worth US$40.1 billion in secured investment interest were realised 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.
Key moments of the Forum included: a $600 million COCOBOD deal for Ghana, for cocoa processing, warehousing and processing, $58 million for the Alithea Identity Fund for women and a concession agreement for the Accra Sky Train, worth $2.6 billion.
Presiding over the session: “Unveiling the Boardroom Deals”, African Development President Akinwumi Adesina said that the spirit of the Africa Investment Forum was: “transactions, transactions, transactions. Deals, deals, deals!”
They came from government, the private sector, development finance institutions, commercial banks, and institutional investors.
The Africa Investment Forum is Africa’s investment marketplace – a multi-stakeholder, multi-disciplinary platform dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.
“Now the hard work begins to fast-track these deals to financial closure… Africa is bankable,” Adesina said.