{"id":91797,"date":"2024-12-09T14:31:58","date_gmt":"2024-12-09T14:31:58","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/africa-attracts-29bn-investment-for-development-projects"},"modified":"2024-12-09T14:43:30","modified_gmt":"2024-12-09T14:43:30","slug":"africa-attracts-29bn-investment-for-development-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects","title":{"rendered":"Africa attracts $29bn investment for development projects"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Africa attracted $29.2 billion in new investor interests across 37 development projects in different countries during the just concluded African Investment Forum Market Days 2024.<\/p>\n<p>During the forum, governments officials, investors, project developers, and business tycoons engaged in 41 boardroom discussions on 37 investment deals with projects varying from transport, power, energy, agribusiness, industry, mining, pharmaceuticals, private equity, tourism, urban infrastructure, water management, in addition to water and sanitation.<\/p>\n<p>Akinwumi Adesina, the President of the African Development Bank and Chair of the AIF, said the level of rigor for projects increased, in terms of project readiness, with greater focus on investment-ready projects, an enhancement from the previous editions of the forum.<\/p>\n<p>Participants increased by 60 percent from the previous year, coming from 83 countries around the world.<\/p>\n<p>\u201cThe waves of the Africa Investment Forum are cascading investment ripples from Africa to all parts of the world&#8230;I am proud that we have achieved for Africa,\u201d said Adesina.<\/p>\n<p>\u201cWe are becoming a global investment movement for Africa.\u201d<\/p>\n<p>He said state representatives sought to mobilize $975 million for Nigeria&#8217;s Special Agro-Processing Zone but the boardroom sessions garnered $4.8 billion.<\/p>\n<p>Similarly, projects initiated by Morocco and DR Congo drew investor interest higher than initially targeted.<\/p>\n<p>The AfDB hosts the forum as part of a collective initiative that includes the African Export-Import Bank, Africa50, Africa Finance Corporation, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank, and Trade and Development Bank.<\/p>\n<p>This year\u2019s forum themed \u201cLeveraging Innovative Partnerships for Scale,\u201d convened to drive investments, accelerate growth, move forward successful projects with continuity, and to forge new alliances for stability and resilience of African economies.<\/p>\n<p>Nadia Fettah Alaoui, Morocco\u2019s Minister of Economy and Finance, said AIF is a major catalyst and a unique platform for investment and for accelerating the transformation of Africa.<\/p>\n<p>She appealed to the African diaspora noting that there are good projects for investment and as well money to finance their projects.<\/p>\n<p>Admassu Tadesse, the President and Managing Director of Trade and Development Bank Group, said that the projects go through a structured process that has shaped the build-up to the Market Days, noting that the efforts have been towards the task of developing bankable projects to perceived market risks and cost of capital, among other things.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Rwanda<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Africa attracted $29.2 billion in new investor interests across 37 development projects in different countries during the just concluded African Investment Forum Market Days 2024. During the forum, governments officials, investors, project developers, and business tycoons engaged in 41 boardroom discussions on 37 investment deals with projects varying from transport, power, energy, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":91796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[706,770,6883,5528,6881,6882,758],"class_list":["post-91797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-afdb","tag-africa","tag-african-investment-forum-market-days-2024","tag-aif","tag-akinwumi-adesina","tag-development-projects","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Africa attracts $29bn investment for development projects - Rwanda<\/title>\n<meta name=\"description\" content=\"Africa attracted $29.2 billion in new investor interests across 37 development projects in different countries during th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa attracts $29bn investment for development projects\" \/>\n<meta property=\"og:description\" content=\"Africa attracted $29.2 billion in new investor interests across 37 development projects in different countries during th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T14:31:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-09T14:43:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/12\/sm_1733742735.901493.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa attracts $29bn investment for development projects\",\"datePublished\":\"2024-12-09T14:31:58+00:00\",\"dateModified\":\"2024-12-09T14:43:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/12\/sm_1733742735.901493.jpg\",\"keywords\":[\"AfDB\",\"Africa\",\"African Investment Forum Market Days 2024\",\"AIF\",\"Akinwumi Adesina\",\"Development projects\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-attracts-29bn-investment-for-development-projects\",\"name\":\"Africa attracts $29bn investment for development projects - 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