Browsing: COVID-19 variant Omicron

• The event has been postponed over the new COVID-19 variant, Omicron.
• This marks the second year running that the vital investment forum has been disrupted due to the coronavirus, with last year’s event cancelled.
• This year’s Africa Investment Forum was meant to showcase118 deals in its pipeline from all eight founding members.

The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum (AIF) until further notice.

Delegates had already started preparations to travel to Abidjan for the event that had been slated for December 1, 2021.

The event has been postponed over the new COVID-19 variant, Omicron.

What is Omicron?

The heavily mutated Omicron variant was first detected in South Africa on Nov. 25, with the first cases identified in neighbouring Botswana and later cases reported in Tshwane, the municipality in which Pretoria is located.

According to the World Health Organization (WHO), the new variant is likely to …