Counting the Africa Investment Forum’s Kitty

The Africa Investment Forum declared it had secured $40.1 billion in investment – an increase on last year – after days of talking and intense boardroom negotiations at the Sandton Convention Centre in Johannesburg. Hundreds of delegates from scores of countries around the world got together to try to attract billions from foreign investors to boost business and fill a huge infrastructure gap. Organisers and delegates joked that it was like : “speed dating on steroids”. Fifty six deals worth $67.6 billion made it to the boardroom discussions at the forum, a 44% increase on last year, of those, 52 made it to approval. The deals , from 25 countries, secured investor interest worth $40.1 billion – an increase on the $37.1 billion garnered last year in the first forum.

SOURCE: CNBC AFRICA

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