Africa Investment Forum 2024 garners US$29.2bn in deals: signaling continent’s growing economic potential

The Africa Investment Forum 2024 Market Days in Rabat, Morocco, attracted 2,300 investors from 83 countries, generating $29.2 billion in new investor interest. This marked a 60% increase in participation compared to last year.

Dr. Akinwumi A. Adesina, President of the African Development Bank, highlighted the event's success in attracting investments across sectors like transport, energy, agriculture, and more.

Notably, some projects saw investor interest surpass expectations, such as Nigeria’s Special Agro-Processing Zone, which raised $4.8 billion, far exceeding the target of $975 million.

The Forum also gained 15 new sponsors, including banks and export credit agencies. Morocco’s Minister of Economy, Nadia Fettah Alaoui, emphasized the importance of diaspora investments in Africa's future.