POLICY

What the African Investment Forum (AIF) means for agricultural development

I don’t seek aid I seek investment for Africa – Dr Akinwunmi Adesina, President African Development Bank

The African investment forum is a lead effort by the African development Bank created to accelerate investment in Africa towards industrializing Africa. It is a “multi stakeholders, multi disciplinary collaborative platform for economic and social development of the continent”

The forum was announced along the sidelines of the just concluded Africa CEO forum by the President of the African Development Bank, Dr Akinwunmi Adesina he said ” This is not a talk shop there would be no political speeches. It provides an open platform to organize efforts among multilateral institutions, governments, private sector to improve a pipeline of projects capable of transforming the continent”

The forum which would be the first of its kind is scheduled to hold in Guateng from 7th-9th of November 2018, with hopes to combine pipeline development, project preparation, policy environment, project bankability and investment promotion geared toward catalysing investment to achieve the high 5’s of the Afdb; Light up and power Africa, Feed Africa, industrialize Africa, integrate Africa, and improve the quality of life for the people of Africa.

The feed Africa strategy Focuses on transformation, scaling up agriculture as a business through value addition, led by the private sector and enabled by the public sector, and using innovative financing mechanisms, the strategy aims to end hunger and rural poverty in Africa in the next decade.

The Feed Africa strategy which is a comprehensive plan to boost food production, security, employment and quality of Life through Agriculture and Agro-allied services would also gain greatly as more investment would be channeled into infrastructural development to drive transformation of 15 priority value chains such as cassava, rice, fish, wheat, palm oil.

The African development bank is leading this investment with $24bn and leveraging additional investment through equity, quasi equity , debt and risk instruments to catalyse investment at scale.

The African Investment Forum is will become an annual event to facilitate an avenue for discussions to shape business and regulatory environment as well as advancing investment friendly regulations.

It is indeed a bold step toward achieveing the Africa We Want.

maduka

An agricultural communicator, development expert, agrojournalist. Passionate about changing the existing narrative of the agricultural sector

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