President of the African Development Bank, Akinwumi Adesina, says Africa presents a unique investment opportunity that cannot be ignored.
Adesina spoke at the opening ceremony of the 2024 Africa Investment Forum Market Days in Rabat, Morocco.
Highlighting Africa’s potential, he said the continent’s food market is expected to grow to $1 trillion by 2030, and demand for infrastructure presents an annual investment opportunity of at least $170 billion.
Adesina, who also chairs Africa50, an infrastructure investment platform, said the Africa infrastructure acceleration fund launched by the platform, has reached its first financial close with $500 million from 15 institutional investors.
He added that the Alliance for Green Infrastructure launched by the African Development Bank has garnered support of the G7 to mobilise $10 billion for investment in green infrastructure in Africa.
