Johannesburg, South Africa, 19 November 2019 - The African Legal Support Facility (ALSF) participated in the second edition of the Africa Investment Forum (AIF). The AIF was an opportunity for the African Legal Support Facility to connect with several partners, including Ministers and heads of government institutions, in bilateral meetings to discuss ongoing and potential projects that the ALSF could support. The ALSF team participated in boardroom meetings where project proponents and governments presented various projects for financing.
The AIF was organized from 11 to 13 November 2019 at the Sandton Convention Centre in Johannesburg, South Africa by the African Development Bank and its partners. It is the Africa’s largest multi-stakeholder and multi-disciplinary platform to raise capital, advance projects to bankable stages, and accelerate the financial closure of deals.
The AIF rallied, on the same ground, private investors, pension funds, project developers, sovereign wealth funds, policy makers, private equity firms and Heads of Government working to further Africa’s economic transformation agenda.
In his opening statement, Dr.Akinwumi A. Adesina, President of the African Development Bank (AfDB) expressed gratitude to H.E. Cyril Ramaphosa, President of the Republic of South Africa for hosting the African Investment Forum in his country for the second time. He underscored that Africa was booming at all levels and stood determined to break new ground, and that the AfDB remained fully committed to improve investment in Africa. As evidence, the Bank’s Board of Governors approved a capital increase by USD 115 billion for the continent’s premier development financial institution. It is the highest capital increase in the history of the African Development Bank since its establishment in 1964.
As envisaged by the AfDB, the African Investment Forum has become the continent’s main springboard for investment to meet the continent’s mammoth infrastructure and development needs. Thus, many investors were drawn to the forum to pursue and conclude various concrete transactions.
The CEO of the Facility, Stephen Karangizi also participated in a panel discussion on “The African Continental Free Trade Agreement: the role of the private sector”.
About the ALSF
Created by the African Development Bank in 2010, the ALSF supports governments in negotiating complex commercial transactions, providing legal and technical assistance in public-private partnership projects across the oil and gas, mining and energy sectors, and covering sovereign debt issues and creditor litigation.
Eve Ehoura, Communication Officer: email@example.com
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