MOST AFRICAN LEADERS SEE THEMSELVES AS CEOS
THE African Investment Forum, which is championed by the African Development Bank (AfDB) will see transactions worth over E350 billion clinched by different development partners, project developers and investors.
Addressing delegates from within and beyond Africa, South African President Cyril Ramaphosa said it was phenomenal that multi-billion deals would be clinched in this three day event, also dubbed as Africa’s premier marketplace.
President Ramaphosa also noted how most of his counterparts across Africa now regard and handle themselves as chief executive officers of their countries because they place development and investment at the centre-piece of their activities. President Ramaphosa’s words were echoed by AfDB President Dr. Akinwumi Adesina.
The AfDB president noted how several African leaders had rolled up their sleeves during the course of the AIF and immensed themselves in ensuing boardroom discussions to ensure their countries eventually clinch meaningful transactions with the different development finance institutions, financiers and investors also present in the forum.
Nigerian billionaire Aliko Dangote also said it was comforting that African leaders have adopted an investment mindset. Among the delegates and investors of note attending the inaugural AIF are Nigerian billionaire Aliko Dangote, South African mining magnate Patrice Motsepe, presidents of Ghana, Gabon, Senegal and Ethiopia as well as the vice president of Nigeria, the prime ministers of Cameroon and Rwanda.
While emphasising that Africa is not one country as the continent is made up 54 uniquely different states, Ramaphosa was optimistic the continent could soon become the global frontier for growth and investment.
He hastened to caution fellow African countries to quickly put their house in order by addressing the concerns which keep investors away from the continent.