“I commend the leadership, passion, dynamism, and commitment of His Majesty the King for promoting private sector investments in Africa,” said Adesina during the opening of the 5th edition of the Africa Investment Forum (AIF).
He also emphasized the importance of implementing programs that facilitate the banking of private capital to accelerate the continent’s development. These initiatives will help mobilize and efficiently deploy available funds to seize the numerous opportunities Africa offers.
He stressed that Africa’s transformations must be centered around its people, with a particular focus on banking services, while fostering a collective dynamic to facilitate and enhance investments across the continent.
Africa represents a “unique investment opportunity,” with a population expected to double by 2050 to 2.4 billion people, a housing demand estimated at €1.4 billion, and annual infrastructure investment opportunities reaching $170 billion, the AfDB president noted.
Drawing on a study conducted among asset managers, he highlighted that 85% anticipate an increase in private capital allocations, while 52% believe African private capital will become more attractive.
Held under the High Patronage of His Majesty King Mohammed VI, the forum was marked by the presence of His Majesty’s Advisor and honorary AfDB President, Omar Kabbaj, and the Minister of Economy and Finance, Nadia Fettah, at the opening session.
AIF 2024 positions itself as a key platform, paving the way for strategic investments supporting Africa’s economic transformation and providing direct access to transaction opportunities across the continent.
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