The African Development Bank (AfDB) is wooing investors that have appetite for high returns and social impacts with 42 bankable deals in Africa that have combined value of $58 billion.
This was disclosed on Tuesday by the President of the AfDB Group, Dr. Akinwumi A. Adesina, during the opening ceremony of the Africa Investment Forum (AIF) virtual Boardroom Session 2022.
He said the investment opportunities included, “$15.6 billion transport corridor that will link Lagos to Cotonu-Lome-Accra and Ivory Coast, and the $140 million film academy in Nigeria.”
Akinwumi stated that the boardrooms would feature projects in key priority sectors identified in the AIF’s 2020 Unified Response to COVID-19 initiative.
These sectors, according to him, included agriculture and agro-processing; education, energy and climate, healthcare, minerals and mining, information and communications technology and telecommunication, and industrialisation and trade.
He added: “Today, we have curetted for you 42 project deals with a combined value of $58 billion. There are several investment opportunities. They include $247 million special agro industrial processing zone in northern Ivory Coast. They include a $3.3 billion East Africa railway corridor that will connect Tanzania to Burundi and the Democratic Republic of Congo (DRC).
“They include healthcare projects to develop a state of art Accra medical city. They include a digital health transaction and a fund to support universal healthcare for low income patients. They include the $545 million mine project in DRC that will be critical for the global electric car industry.
“We have $140 million film academy in Nigeria. And deals in women lead businesses worth $5 billion. When women sin Africa wins. There are many more. The expectations are high. The deals are ready.”