ANDILE KHUMALO: The billions Africa needs are available
The perennial challenge for Africa has always been the disproportionate investment it receives compared to other developing regions
I stopped by the Africa Investment Forum hosted by the African Development Bank (AfDB) in Sandton this week, trying to catch a glimpse of what the latest was on the efforts to increase investment into the continent. The Africa Investment Forum is an unprecedented gathering of pension funds, sovereign wealth funds, capital markets, project sponsors and institutional and financial investors seeking to invest in Africa. The president of the AfDB, Akinwumi Adesina, was unequivocal about why the political and business leaders of Africa were there. "We want investment in Africa to land on a smooth landing strip that's very organised. The role of our leaders is very critical. We are seeing our leaders as CEOs of their own corporates. We are not here to discuss aid. We are here to discuss investment." However, the perennial challenge for Africa has always been the disproportionate investment it receives compared to other developing regions. The continent is said to have received an average ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.