Sub-Saharan Africa needs $ 425 billion in financing by 2030 – Adesina

African Development Bank President Dr Akinwumi Adesina said Africa needs $ 425 billion in additional gross financing by 2030.

He said this in a statement announcing that the Africa Investment Forum was to host its 2021 market days in Abidjan, Côte d’Ivoire.

Adesina said, “We look forward to welcoming investors to join us in Abidjan – and virtually around the world – to take the next step in Africa’s growth.

“To achieve this growth, however, and to rebound to pre-pandemic levels, Africa will need significant financial support.

“For example, all of sub-Saharan Africa will need $ 425 billion in additional gross financing by 2030.”

The statement signed by the head of the communications and external relations department, Olufemi Terry, said the annual business meeting will showcase transformative investment opportunities across the continent.

AfDB added that discussions at the meeting would focus on agriculture and agribusiness; energy and climate; health; ICT and telecommunications; and industrialization and trade.

He said these were all priority sectors under the African Investment Forum’s unified COVID-19 response initiative launched in 2020.

The forum will be held from December 1-3, 2021.

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