Following a hiatus late last year, the Africa Investment Forum will offer virtual boardroom sessions, a crucial component of the Africa Investment Forum market days, according to representatives of the program.
The virtual boardrooms will take place from the 15th to the 17th of March this year to discuss and progress projects in the pipeline for 2021. The third edition of the Africa Investment Forum was scheduled to take place in Abidjan in December 2021 under a hybrid format, but it was postponed due to the emergence of the Covid-19 virus’s Omicron variant. For the boardroom discussions, 45 projects worth $57.4 billion have been curated for the boardroom discussions.
In an open session held on last month February 24, the Africa Investment Forum provided progress updates and previewed five deals. These included: an investment to develop over 220 km of electric transmission lines under a long-term public-private partnership agreement; a project with a ten-year goal to roll out broadband infrastructure to over 800,000 residential and small business customers; and a project for the establishment of a biomedical and pharmaceutical hub.
The 45 boardroom deals are projected to create a total of 3.8 million jobs, both direct and indirect; of these, one million jobs will go to African women and women entrepreneurs and another one million to youth.
The Africa Investment Forum has brought 10 deals with a value of $3.1 billion to closure, and currently has 136 deals with a total value of $87.52 billion in its portfolio.
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