Quick Read: The Africa Investment Forum (AIF) 2024 secured $7.6 billion in investment interest for Nigeria, emphasizing transformative projects in sectors like infrastructure, energy, agriculture, and technology. Held in Rabat, Morocco, the event connected global investors with African opportunities under the theme, “Leveraging Innovative Partnerships for Scale.” Dr. Akinwumi Adesina, AfDB President, highlighted the forum’s role in driving economic growth and sustainable development. Overall, the forum attracted $29.2 billion in investment interest across the continent.
Africa Investment Forum (AIF) 2024 has secured $7.6 billion in investment interest for Nigeria, a significant milestone for the nation’s economic growth. This was disclosed by Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), in a tweet following the conclusion of the event.
“I am delighted the Africa Investment Forum 2024 mobilized $7.6 billion of investment interest for Nigeria. It was great to have several State Governors: Lagos, Kaduna, Katsina, Kwara, and Plateau, and (later) Ogun. We will keep working to support & boost investments to Nigeria,” Dr. Adesina said.
Event Highlights
Held from December 4 to 6, 2024, in Rabat, Morocco, the Africa Investment Forum Market Days brought together key stakeholders under the theme, “Leveraging Innovative Partnerships for Scale.” The forum underscored its dedication to driving transformative investments across Africa through strategic collaborations.
Nigeria emerged as one of the event’s major highlights, with state governors from Lagos, Kaduna, Katsina, Kwara, Plateau, and Ogun States showcasing investment-ready projects to a global audience of investors. Their active participation reflected Nigeria’s commitment to attracting substantial international investments to address critical sectors, including infrastructure, energy, agriculture, and technology.
Accelerating Africa’s Economic Transformation
Since its inception in 2018, the Africa Investment Forum has established itself as a premier platform for mobilizing investments to propel Africa’s economic transformation. Its flagship event, the Market Days, connects project sponsors, government leaders, and investors, facilitating seamless deal closures.
The event’s curated boardroom sessions streamline the investment process, matching viable projects with capital from commercial banks, institutional investors, and development partners. This approach ensures direct negotiations and accelerates deal-making.
The $7.6 billion investment interest secured for Nigeria underscores the forum’s effectiveness and the growing confidence in the country’s economic potential.
Innovative Partnerships Driving Impact
The 2024 theme, “Leveraging Innovative Partnerships for Scale,” highlighted the importance of collaboration in fostering sustainable growth. The AIF continues to champion innovative financial models and strategic partnerships to address Africa’s most pressing development challenges.
Dr. Adesina reiterated the AfDB’s unwavering commitment to supporting Nigeria and other African nations in unlocking their investment potential. “We remain focused on driving investments that create jobs, reduce poverty, and foster sustainable development,” he noted.
A Vision for Africa’s Future
During his speech at the event, Dr. Adesina reflected on the forum’s broader mission. “As we all gathered here in Rabat, we joined our hands and hearts, with determination to drive investments into Africa, to accelerate its growth, to move forward successful projects with continuity, and to forge new alliances for stability and resilience of the economies of Africa. We came here to this historic royal city of splendor, Rabat, a World Heritage Site, to make history,” he said.
Beyond Nigeria, the forum achieved a broader success, attracting $29.2 billion in investment interest across various projects. This achievement reinforces the AIF’s role as a catalyst for transformative development across the continent.
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