AfDB Woos Nordic Investors for Nigeria, Others

• AfDB Woos Nordic Investors for Nigeria, Others

The African Development Bank, in multidisciplinary team roadshows, has presented financial products and investment opportunities on the continent to Nordic investors to leverage more access to financing.

A statement issued by the bank on Monday said it hosted roadshows in Norway, Sweden, Finland and Denmark to attract investors to Africa.

The roadshows brought together more than 50 private sector companies, investors and government and public institutions in the Nordic countries, the bank said.

It noted that the aim of the events was to bring the bank closer to customers in order to increase awareness of key private sector stakeholders to understand its financial and risk mitigation products for investment projects.

The roadshows, it added, also generated significant interests of businesses to the Africa Investment Forum, the AfDB’s maiden market place, scheduled for November 7-9 in Johannesburg, South Africa.

According to the statement, the bank presented its strategy for the transformation of African economies and showcased investment opportunities on the continent.

It added that the highly interactive events targeted commercial banks and institutional investors, including pension funds, asset managers and insurers as well as individual investors across the Nordic region.

“Nordic countries are very important for the development of Africa and we want to see more investments coming from these countries. Hence, the roadshows organised to showcase African investment opportunities and to present the bank as a gateway for their investments,” the Director, Syndication, Co-financing and Client Solutions Department, AfDB, Olivier Eweck.

The bank said its team discussed key roles in accelerating Africa’s investment opportunities across the Nordic region in line with the bank’s development priorities for the continent.