Wednesday, 13 November 2019 22:48

The Africa Investment Forum declared it had secured $40.1 billion in investment,an increase on last year.

Hundreds of delegates from scores of countries around the world got together in South Africa, the continent’s most industrialised country, to try to attract billions from foreign investors to boost business and fill a huge infrastructure gap.

“We are winning because you are here, we are winning because you have invested…we are winning together,” said Akinwumi Adesina, the head of the African Development Bank.

Fifty six deals worth $67.6 billion made it to the boardroom discussions at the forum, a 44% increase on last year, of those, 52 made it to approval. The deals , from 25 countries, secured investor interest worth $40.1 billion – an increase on the $37.1 billion garnered last year in the first forum.

At the closing ceremony many of the scores of delegates shared their experience of three days of talk of investment in Africa. Most agreed the talks had been rigorous and disciplined.

Courtesy of ENCA.