Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), said that $15.5 billion in investor interest has been obtained for the Abidjan-Lagos highway route.
During her welcome address to attendees of the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco, on Wednesday, Adesina made this statement.
The topic of the occasion is “Unlocking Africa’s Value Chains.”
According to him, the corridor will expedite commerce, sustainable economic growth, and regional integration while completely altering the West African area.
Investment interests of 3.6 billion dollars were obtained in 2022 for the East Africa Railway Corridor, which connects Tanzania, Burundi, and the Democratic Republic of the Congo.
“We are happy to report that the AIF has closed 11 billion dollars’ worth of transaction investment gaps thus far.
This included the following: housing, transportation, liquefied natural gas, agriculture, industrial manufacturing, creative industry, and renewable energy.
Mr. Adesina declared, “It is time to do it again—it is time for investment action.”
