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Rabat – Morocco has officially been announced as the host country for the 2023 edition of the African Investment Forum (AIF). The event, which is set to take place on November 8-9, in the enchanting city of Marrakech, is considered one of the most critical continental gatherings, boasting the support of the African Development Bank (AfDB) and its esteemed partners, the Moroccan state media reported today.
The signing of a memorandum of understanding took place on Friday, September 8, in the Moroccan capital of Rabat. The document was inked by Morocco’s Minister of Economy and Finance, Nadia Fattah, and the Secretary-General of the African Development Bank, Vinson Nmihil, in the presence of the First Director of the African Investment Forum, Chinello Anoho.
The African Investment Forum, renowned as the continent’s premier investment platform, has a primary objective of fostering the liberalization of Africa’s value chains while expediting transactions to bridge the investment gaps across the continent.
Nadia Fattah, the Moroccan Minister of Economy and Finance, underscored the excellent partnership that Morocco has nurtured with the African Development Bank, a partnership that has borne fruit and yielded substantial benefits.
She reaffirmed Morocco’s unwavering commitment to ensuring the resounding success of the 2023 edition of the African Investment Forum, slated to be held in the stunning city of Marrakech.
Read also: World Bank, AfDB Seek to Boost Investments in Morocco
In response, the Secretary-General of the African Development Bank in Morocco, representing the Bank Group’s President, expressed gratitude for Morocco’s consistent and invaluable support in planning and organizing the Bank’s high-profile events.
These events have included the annual meetings in 2013, the African Development Fund replenishment meeting in 2022, and now the African Investment Forum in 2023. He emphasized that “Morocco stands as a beacon of partnership for the entire continent.”
The First Director of the African Investment Forum, Chinello Anoho, noted the remarkable achievements of Morocco under the visionary leadership of King Mohammed VI. These achievements have positioned Morocco as one of the most advanced, stable, and attractive countries on the African continent, especially for hosting major international events like the African Investment Forum.
At the recent annual meetings of the African Development Bank, held in Egypt at the end of May, the African Investment Forum presented a portfolio of projects focused on renewable energy and sustainable development, valued at an impressive $1.5 billion. Since its inception in 2018, the Forum has generated over $142 billion in cumulative investment benefits from approximately 40 countries.
AIF’s flagship event, Market Days, brings together international deal promoters, investors, and heads of government to showcase investment opportunities ready for realization.
The Forum enjoys support from the African Development Bank and seven other founding partners, including Africa 50, the African Finance Corporation, the African Export-Import Bank (AfriEximbank), the Southern African Development Bank, the European Investment Bank, the Islamic Development Bank, and the Trade and Development Bank.
