Browsing: AIF

• By 2050, a quarter of the world’s population (25%) will be in Africa
• Africa Investment Forum (AIF) raises US $31 billion in investment deals
• Only 33 of Africa’s 51 countries have signed the single passport protocol and only four have ratified it

Come 2050, a quarter of the world’s population (25%) will be in Africa, that in itself is a good enough reason to invest in Africa and for Africa to invest in education and workforce skill upgrade.

In fact, according to the African Development Bank (AfDB), there are two other factors that beg for increased investment in Africa. First the fact that Africa holds 65% of the world’s virgin arable land and second, Africa, by far, hosts the world’s biggest known sources of renewable energy.

As AfDB President Akinwumi Adesina put it, “the future of Africa lies in investments, not aid.”

Also Read: Africa shifting to private sector led

During the forum, USTDA and AIF demonstrated how the relationship between the two organisations helps improve women’s leadership in developing sustainable infrastructure in Africa.

Additionally, it also backed the U.S. government’s Prosper Africa effort to enhance commerce and investment between African states and the United States.

At the closed-door meeting, participants included:

Female business executives from Africa’s private sector,
Representatives from the United States government, and
Representatives from international development funding agencies.

“It is of the utmost importance to get women together to discuss the opportunities that may be found in the development of infrastructure and in gaining access to financing. Bringing together women to talk about infrastructure development opportunities and access to capital, said  Enoh T. Ebong, the Director of USTDA.…