The Board of the African Development Bank (AfDB) has approved the institution's proposal to launch an 'Africa Investment Forum (AIF)'--a meeting place for investors interested in Africa.
The AIF will showcase bankable projects, attract financing, and provide platforms for investing across multiple countries. It will also serve as a unique forum for international business and social impact investors looking to transact and deploy funds in Africa and act as an avenue for connecting investors with both public and private sector projects throughout the continent.
According to Senior Vice President, Dr. Frannie Leautier: "The AIF will coordinate with other Africa investment fora and work to strengthen collaborative efforts to crowd-in necessary investment, and attract social impact financing to Africa. It will support AfDB regional member countries and potential investors through the provision of rigorous, authoritative and robust, business intelligence and analytical work on African's competitiveness."
The AfDB is on track with the implementation of its new structure, which will be rolled out in phases over the 2016-2018 period. The structure is designed to ensure the successful implementation of the Bank's Ten Year Strategy and its five scaled-up core development priorities for the continent, namely the High 5s - Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and Improve the Quality of life of the People of Africa.
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