The President of the African Development Bank President AfDB, Akinwumi Adesina, said that the Africa Investment Forum mobilised 110 billion dollars in investments for Africa between 2018 and 2022.
Adesina said this at the opening ceremony of the three-day “Africa Investment Forum Market Days 2022” holding in Abidjan, Côte d’Ivoire.
He said the forum meant to showcase the African continent and to mobilise investments for it.
The AfDB president implored investors to develop the confidence to invest in Africa.
According to him, Moody Analytics of defaults in infrastructure investments over the past 14 years showed that globally, Africa had the lowest default rate in infrastructure projects.
Adesina also said the investors were at the forum to seek opportunities for investment, to identify and invest in bankable projects on the continent.
