AfDB Raises $31bn Investment From Global Investors

The African Development Bank (AfDB) has drawn $31 billion in investment interest from African and global investors.

AfDB President, Dr Akinwumi Adesina, said this at the 2022 Africa Investment Forum Market Days, which ended on Friday, according to,a statement issued by the Communication and External Relations unit of the AfDB.

Adesina commended the forum’s outcomes and the partners’ commitment.

“Despite the challenges, we are not afraid, and neither have we despaired nor lost hope.

“We are excited and committed to a collective goal; accelerating the closure of deals to transform Africa and its investment landscape.”

He said the AIF’s focus was to attract more foreign direct investment to Africa and ensure the private sector remained the driving force of that transformation.

“The private sector is Africa’s growth accelerator. We must mitigate real and perceived risks and persuade the private sector that investing in Africa is safe,” Adesina said.