Togo urged to take part in AfDB’s upcoming Africa Investment Forum Featured

  • Written by  Fiacre E. Kakpo
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Togo urged to take part in AfDB’s upcoming Africa Investment Forum

From November 7 to 9, 2018, the African Development Bank (AfDB) will hold in Johannesburg the first edition of the Africa Investment Forum.

This forum is a totally transactional market place dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals. It is a platform to attract investors and ease transactions, in order to unlock investment opportunities worth billions of dollars in Africa, says AfDB.

During the three days the forum will last, the Abidjan-based institution will gather project developers, pension funds, sovereign wealth funds, private investors, policy makers, private equity firms and heads of governments, from all over the world, to raise funds in order to transform Africa’s economic, agricultural and industrial sectors. Hence, funds could be raised even during the forum, AfDB’s executives revealed.

Targeted projects and sectors include industrial parks, mini-grids, agropoles, new cities, ports, railways, fiber optics, clean energy, roads, etc.

This is a great opportunity for Togo which already positioned itself with its National Development Plan (PND 2018-2022) which covers many of the sectors concerned, such as industrial parks, mini-grids, agropoles, ports, railways, fiber optics, renewable energies, and roads.

Actually, AfDB’s office in Togo urged the country to be at the meeting in Johannesburg.

Let it be recalled that around $130-170 billion are needed each year to develop infrastructures in Africa, according to the AfDB’s 2018 African Economic Outlook report.

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