GHANA SECURES $3.3BILLION AT AFRICA INVESTMENT FORUM

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Ghana has secured about $3.3billion deals at the just ended Africa Investment Forum in South Africa.
The deals included a US$600 million COCOBOD cocoa processing and warehousing, US$58 million for the Alithea Identity Fund for women and a concession agreement for the Accra Sky Train, worth US$2.6 billion.
Fifty-two deals worth US$40.1 billion secured investor interest compared with US$37.8 billion dollars, last year.
The second Africa Investment Forum ended on a high note, Wednesday, with 56 boardroom deals valued at US$67.6 billion tabled – a 44 percent increase from last year.
During the 2018 edition of the Forum, 61 transactions valued at US$46.9 billion were tabled for discussions in boardroom sessions and 49 deals worth US$38.7 billion, secured investment interest.
Presiding over the session: “Unveiling the Boardroom Deals”, African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that was the spirit of the Africa Investment Forum: “transactions, transactions, transactions. Deals, deals, deals!”
There were over 2,221 participants attended at this year’s Forum from 109 countries – 48 in Africa and 61, outside of Africa.
They came from government, the private sector, development finance institutions, commercial banks, and institutional investors.
”The Forum is a platform that will change Africa’s investment landscape,” Chinelo Anohu, the Forum Senior Director said. “Africa is ready to engage on its own terms”, he added.
The Forum focused on projects and advancing deals spanning several sectors, including Energy, Infrastructure, Transport and Utilities, Industry, agriculture, ICT and Telecoms.
“Now the hard work begins to fast-track these deals to financial closure… Africa is bankable,” Dr. Adesina said.


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