Africa Investment Forum secures $34.82bn in investment interests

Mohamed Samir
3 Min Read
AfDB Presdeint Akinwumi Adesina at the closing ceremony of Africa Investment Forum

MARRAKESH, Morocco – The Africa Investment Forum (AIF) 2023 Market Days concluded today with a resounding success, securing $34.82bn in investment interests. This remarkable achievement, all in just 72 hours, is a testament to the growing confidence in Africa’s investment potential and the AIF’s role as a premier platform for connecting investors with promising investment opportunities.

Championed by African Development Bank AfDB, Africa Investment Forum is a multi-stakeholder and multi-disciplinary platform that advances projects to bankable stages, raises capital, and accelerates deals to financial closure.

AfDB Presdeint Akinwumi Adesina, who spoke on Friday, said “We are building a financial powerhouse around investments in Africa.”

He indicated that over the past three days, the Palais des Congrès in Marrakesh was transformed into a hub of activity, with project developers, investors, and government leaders engaging in discussions, exploring opportunities, and forging partnerships. 

The Africa Investment Forum featured a diverse range of projects across various sectors, including food and agriculture, renewable energy, mining, transport corridors, aviation, deep-water seaports, railways, ICT, digital infrastructure, artificial intelligence, creative industries, and health.

Key highlights of the Africa Investment Forum 2023 Market Days include:

  • Strong participation from heads of state and government: Several heads of state and government participated in the event, demonstrating their commitment to attracting investments to their countries.
  • Launch of the Alliance for Special Agro-Industrial Processing Zones (SAPZs): The Alliance, with a commitment of $3 billion, will support the development of SAPZs across Africa, promoting agricultural transformation and job creation.
  • Signing of a Letter of Intent with the Mohammed VI Investment Fund: The African Development Bank signed a Letter of Intent with the Mohammed VI Investment Fund to invest in supporting the private sector, particularly small and medium-sized enterprises (SMEs) and infrastructure in Morocco.
  • Investment interest of $34.82bn secured: The AIF 2023 Market Days successfully secured $34.82bn in investment interests, showcasing the strong investor appetite for African opportunities.

The AIF 2023 Market Days was a resounding success, solidifying the forum’s position as a leading platform for unlocking Africa’s investment potential. The Africa Investment Forum’s outcomes will undoubtedly contribute to Africa’s economic growth and development, creating jobs, and improving the lives of millions.

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Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/
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