World Economic Forum on Africa attracts N12.9 trillion investments – organiser

Monday, May 12, 2014

The World Economic Forum (WEF) on Africa has attracted over $68 billion(about N12.9 trillion) in investment to the African continent, Dr Philipp Rosler, the Managing Director of the Forum, said in a closing remarks on Friday in Abuja.

He said the funds were in the form of Foreign Direct Investments (FDI) as well as private and public investments across African countries which would continue to yield results in the next years.

Rosler said the funds were targeted at investments in beautiful projects that would foster the agriculture sector, improve infrastructure such as roads, railways. hospitals, education, skill development and iCT.

“What this means is that it is not just money, but opportunities for Africa and the reason why we are here is to unlock the opportunities for the improvement in the states of Africa,” he said.

He said that the event was one of the best his organisation had hosted in the recent years.

Rosler said that the forum had achieved the missions of his organisation ”which is commitment to the growth of the world in three steps”.

Source: Business Day (link opens in a new window)

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