AFRICAN DEVELOPMENT BANK TEAM TO VISIT TUNISIA

TUNIS– An African Development Bank (AfDB) delegation is expected in Tunis on July 23 as part of a roadshow in North Africa ahead of the first Africa Investment Forum (AIF) to be held in Johannesburg, South Africa, from Nov 7 to 9.

The forum is being organized by the AfDB to address the challenges faced by the continent in building the infrastructure it badly needs at a cost estimated at between 170 billion and 190 billion US dollars annually.

The AfDB is championing the forum as a platform to actively engage the private sector and to facilitate projects which have the capacity to transform the continent.

The AIF is designed to enhance private-sector co-operation and drive investment in sectors of strategic interest within Africa. A number of projects will be presented to potential investors during its roadshow here, the AfDB said in a media statement received here Friday.

This event seeks to be a multi-stakeholder and multi-disciplinary platform to support project appraisal up to financing, raise capital and speed up the financial closing of these projects.

This is the best opportunity to stimulate the continent’s economic transformation, step up co-operation with the private sector and increase investments in sectors of strategic interest, the AfDB said.

The delegation will fly to Cairo on July 25, Casablanca on July 27 and Algiers on July 29 as part of the roadshow.

Source: NAM NEWS NETWORK

AFRICAN DEVELOPMENT BANK TEAM TO VISIT TUNISIA

TUNIS– An African Development Bank (AfDB) delegation is expected in Tunis on July 23 as part of a roadshow in North Africa ahead of the first Africa Investment Forum (AIF) to be held in Johannesburg, South Africa, from Nov 7 to 9.

The forum is being organized by the AfDB to address the challenges faced by the continent in building the infrastructure it badly needs at a cost estimated at between 170 billion and 190 billion US dollars annually.

The AfDB is championing the forum as a platform to actively engage the private sector and to facilitate projects which have the capacity to transform the continent.

The AIF is designed to enhance private-sector co-operation and drive investment in sectors of strategic interest within Africa. A number of projects will be presented to potential investors during its roadshow here, the AfDB said in a media statement received here Friday.

This event seeks to be a multi-stakeholder and multi-disciplinary platform to support project appraisal up to financing, raise capital and speed up the financial closing of these projects.

This is the best opportunity to stimulate the continent’s economic transformation, step up co-operation with the private sector and increase investments in sectors of strategic interest, the AfDB said.

The delegation will fly to Cairo on July 25, Casablanca on July 27 and Algiers on July 29 as part of the roadshow.

Source: NAM NEWS NETWORK