Bankable projects across Africa’s diverse business sectors including agribusiness, natural resources, power and infrastructure sectors worth billions of dollars will be reviewed by investors managing capital in excess of $265 billion at a summit in London this October.
The inaugural Global African Investment Summit (TGAIS), chaired by Nigeria’s former President Olusegun Obasanjo will be held in partnership with four state houses on the continent, as the public and private sectors come together to discuss specific transactions, access to finance and bankable projects in Sub Saharan Africa requiring investment and technology transfer.
“The Global African Investment Summit will see government delegations from Africa present bankable investment opportunities to an audience of institutional investors, fund managers, PE firms and large corporations,” said Paul Sinclair, TGAIS event Director.
[contextly_sidebar id=”4aPgZ9nMRrGufFgTs4ujsU5k0yM6ndCb”]He noted that focusing on the bankable projects would trigger deals and investment partnerships, “enabling job creation, technology transfer and economic growth.”
TGAIS seeks to help in the channelling of funds into projects across Ghana, Rwanda, Tanzania, Uganda and Togo, from some of the world’s largest institutional investors.
“We have a number of important projects that will help the Ugandan economy grow substantially.
Finding the best investors for these projects is crucial to knowing that they will be undertaken in a way that creates shared value and promotes long-term sustainability,” said Amama Mbabazi, Prime Minister of Uganda, highlighting the significance of finding the right investors for the East African country.
Rwanda’s President Paul Kagame will at the summit, present plans for the development of a new modern international airport at Bugesera and a railway project estimated to cost $5 billion.
The country’s power sector, methane gas and geothermal projects will be presented with a generation capacity of 740MW as part of efforts to improve electricity in the growing economy.
African Presidents are expected to attend the event with their Finance ministers, sector specific ministers and CEOs from state owned enterprises to address and hear from the global financial markets, project implementers, consultants and law firms about co-financing and executing their most pressing projects in agribusiness, natural resources, power, and transport infrastructure.
Source: Ventures Africa