The African Development Bank (ADB) and its partners are planning 230 projects worth $ 208 billion to enhance the operational opportunities of the African Continental Free Trade Area, said Adesina Aquinui, chairwoman of the APDP Group.
“As the 2021 edition of the African Investment Forum approaches, AFP and its partners have already prepared the pipeline for 230 projects worth $ 208 billion worth of free trade on the African continent.” He said at the bank’s annual meetings.
“We are committed to the success of the African Continental Free Trade Area. That is why the Bank provided $ 4.8 million to establish the Secretariat of the African Continental Free Trade Area.“, He continued.
“I am very confident for Africa. Africa will heal, Africa will be better rebuilt, Africa will prosper, some share my hope.“, a lancé Akinwumi.
In a study of private equity firms conducted by the African Private Equity and Venture Capital Association in 2020, he continued that 60% of sponsored investors plan to increase their investments in Africa over the next three years.
The annual meetings of the AfDB Group kicked off on Wednesday with a video conference under the theme “Strengthening the Recession in Africa After the Govt-19”.
The legislatures, which end this Friday, will serve as a platform for bank governors to share their experiences in the fight against the Govt-19 epidemic, as well as policy measures taken to rebuild economies and protect livelihoods.