African Investment Forum seals 80% of targeted deals | Business

Close to 80% of the investment ready deals that were being negotiated in the boardrooms of the Africa investment Forum have been signed.

At the beginning of the inaugural forum 61 projects with a value of $40.4-billion were set to be discussed in closed boardroom discussions between investors, governments and promoters. On Friday, the last day of the conference, 45 of those deals worth R32-billion had been closed.

READ MORE: African Investment Forum has 306 pipelined projects worth $208-billion

Giving his closing address, Akinwumi Adesina, the president of the African Development Bank (AfDB), which is hosting the forum said this was “incredible” for a first-time event.

Around 350 investors from 53 countries from across the globe were in attendance with 30 of these representing African…

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