Swazi Observer - - BUSINESS - By Hlengiwe Ndlovu

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.

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