JOHANNESBURG, (Xinhua) -- The
upcoming Africa Investment Forum is set to play a critical role in raising
billions of dollars required to finance Africa’s infrastructure and development
needs, forum’s organizers said on Monday.
Oladokun, director of communications for the African Development Bank (AFDB),
told Xinhua, “Each year, Africa has a deficit in investment funding of 130-170
billion U.S. dollars, half of that represents an infrastructure financing gap
which we are trying to reach.”
will take place from Wednesday to Friday in Johannesburg this week. Capital
markets, investors, multilateral developmental banks and a number of partners
within the private sector will screen and create deals “worth billions” to
transform Africa’s needs.
regards the Forum as an innovative way of bringing investment into Africa, “We
are doing this because Africa has to adopt new ways of attracting new funding.”
He believed that the Forum would not become just another talk shop, saying the
AFDB would be able to announce concrete deals at the end of the event.
He noted that
despite series challenges the continent is facing, numerous investment
opportunities in the fields such as energy, infrastructure, ICT and agriculture
Thelo group - an independent and investment company, Ronnie Ntuli, said the
investment would bring players from public and private sector together.
“A big part
of the drive to invest infrastructure in the continent has been driven primarily
by the public sector. Private sector investment has been at natural commodities.
There’s an opportunity to partner between the private and public sector to
create infrastructure capacity,” he said.
“Infrastructure, transportation and logistic and communication are critical for
the development of Africa. This (forum) is very innovative and that is results