The 2023 edition of the Africa Investment Forum (AIF) Market Days has officially been launched in Morocco. The continent’s main investment market, the event, which aims to unleash Africa's value chains will be held from 8-10 November in Marrakech.
The Secretary General of the African Development Bank Group, Vincent Nmehielle, and Morocco's Minister of Economy and Finance, Nadia Fettah Alaoui, in the presence of the Senior Director of the Africa Investment Forum (AIF), Chinelo Anohu, today signed the memorandum of understanding.
"With the African Development Bank, we have an excellent partnership that will deliver results. Together, we are committed to the success of the 2023 edition of the AIF, which we will have the pleasure of hosting in Marrakech", said Alaoui.
Secretary General Nhemielle said: "On behalf of the President of the African Development Bank Group, Akinwumi Adesina, I salute Morocco for its invaluable and constant support in planning and organising the Bank's high-level events, from the Annual Meetings in 2013 to the ADF replenishment meeting in 2022 and this year's IYF. Morocco is a model of partnership for the continent," he added.
"We appreciate the leadership of the Ministry of Economy and Finance in ensuring the success of the Bank's high-level events held in Morocco. The signing of the MoU officially launches the AIF in the Kingdom and, between now and November, the world will be constantly reminded that the 2023 edition of the AIF will be held in Marrakech," Nmehielle said.
"Since his accession to the throne 24 years ago, His Majesty King Mohammed VI has launched flagship projects and reforms that have made Morocco one of the most advanced and stable countries on the continent, and one of the most attractive for major events such as the AIF," said Senior Director Anohu.
During the 2023 Annual Meetings of the African Development Bank, held at the end of May in Egypt, the Africa Investment Forum presented investors with renewable energy and sustainable development projects worth around $1.5 billion. Since 2018, the Africa Investment Forum has generated more than $142 billion in cumulative investment interest from around 40 countries.
The Africa Investment Forum's flagship event, Market Days brings together international deal promoters, investors and government leaders to showcase deals ready to progress closing.
Spearheaded by the African Development Bank and seven other founding partners - Africa50, Africa Finance Corporation, Afreximbank, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank and Trade and Development Bank - the Africa Investment Forum is Africa's foremost investment marketplace for accelerating deals to close Africa's investment gaps.
