By Andrei Skvarsky.
Billions of dollars’ worth of deals were clinched during Africa Investment Forum, an event in Johannesburg on November 7-9 that brought together more than 1,000 people from 53 countries, including 23 non-African states, African Development Bank (AfDB) said.
Of 61 proposed transactions valued at $40.4bn, 45 deals worth a total of more than $32bn secured investment interest by midday on November 9, AfDB said in a statement.
It said the final data would be released within the next few days.
South Africa, Nigeria, Ghana, Angola, Egypt, Tunisia, Morocco, Mauritius and Mozambique were among the African countries represented at the event.
The non-African countries included Britain, the United States, China, Japan, France, Germany, Switzerland, Canada, India, Saudi Arabia, and Argentina.
The attendees mainly represented governments, development financial institutions, commercial banks, and institutional investors such as sovereign wealth funds and pension funds.
The forum had been organised by AfDB in partnership with institutions including Africa Finance Corporation, the Africa50 infrastructure investment platform, and the European Investment Bank, which is a European Union non-profit institution.
The next Africa Investment Forum is scheduled for November 2019.
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