“I salute the leadership, passion, dynamism and commitment of his Majesty the King for the promotion of private sector investments in Africa,” said Mr. Adesina at the opening of the 5th edition of Africa investment Forum (AIF).
furthermore, he noted the importance of setting up programs promoting the banking of private capital, to accelerate the growth of the continent, noting that these initiatives will make it possible to mobilize and effectively deploy available funds in order to seize the numerous opportunities that offers the continent.
Africa constitutes a “unique investment opportunity”, with a population expected to double by 2050 to 2.4 billion inhabitants, a demand for housing estimated at 1.4 billion euros and annual opportunities for Infrastructure investments reaching $170 billion, noted the ADB president.
Drawing on a survey of asset managers, he noted that 85% of them anticipate an increase in private capital allocations, while 52% believe that African private capital will become more attractive.
The AIF 2024, held under the theme “Leveraging innovative partnerships to scale up”, positions itself as a key platform by paving the way for strategic investments supporting Africa’s economic transformation and providing access direct to transaction opportunities across the continent.
What are some key sectors for investment in africa right now?
Q&A Interview: Unlocking africa’s Investment Potential with Mr. Adesina
Editor, Time.news: Thank you for joining us today, Mr. Adesina.At the opening of the 5th Africa Investment Forum (AIF), you highlighted Africa as a “unique investment opportunity.” Can you elaborate on why investors should consider Africa now more than ever?
Mr. Adesina: Absolutely! Africa is brimming with potential. Our population is projected too double by 2050, reaching 2.4 billion people. This demographic shift creates unprecedented demand for essential services like housing—estimated at €1.4 billion—and infrastructure investments, which coudl average about $170 billion annually. investors looking for growth should take a closer look at Africa’s dynamic markets.
Editor, time.news: those figures are certainly compelling. You mentioned the need for banking private capital in your opening remarks. Why is this framework essential for the continent’s economic growth?
Mr. Adesina: Mobilizing and effectively deploying private capital is critical. Establishing programs that facilitate the banking of these funds will allow us to tap into the wealth available for investment. We need to create a robust ecosystem where both local and international investors can seamlessly channel their resources into opportunities that will drive lasting growth across Africa.
Editor, Time.news: You also pointed out that 85% of asset managers foresee an increase in private capital allocations to Africa. What implications does this have for the continent moving forward?
Mr. Adesina: This trend is incredibly positive. It signals growing confidence in Africa’s economic prospects. as more private capital flows into our markets, we will see enhanced competition, innovation, and ultimately, better service delivery in critical sectors. Moreover, 52% of asset managers acknowledge that African private capital is becoming more attractive, which indicates a shift in perspective that could lead to a more robust investment landscape.
Editor, Time.news: The theme for AIF 2024 is “Leveraging Innovative Partnerships to Scale Up.” How do partnerships enhance investment opportunities in Africa?
Mr. Adesina: Partnerships are key to scaling up investments. They bring together diverse strengths,resources,and expertise,allowing stakeholders to tackle challenges more effectively. By creating innovative collaborations between governments, private sector players, and international investors, we can identify and unlock opportunities that are both economically viable and socially impactful. This cooperation is essential for making systemic changes that benefit all parties involved,especially local communities.
Editor, Time.news: For potential investors looking to engage with Africa’s markets,do you have practical advice on how they can begin their journey?
Mr. Adesina: I encourage investors to research and understand the local contexts of the markets they wish to enter. Building relationships with local partners is crucial, as they have invaluable insights into the economic landscape. Additionally, attending forums like the AIF can offer direct access to transaction opportunities and strategic insights from industry leaders. Taking measured steps while being open to collaboration is vital to successfully navigating the diverse investment environment in Africa.
Editor, Time.news: Thank you, Mr. Adesina, for sharing your insights on Africa’s investment landscape. As you highlighted,the continent indeed holds immense potential that savvy investors can tap into now.
Mr. Adesina: Thank you for having me. I look forward to seeing more engagement from the global investment community as we work together toward Africa’s economic transformation.