The African Development Bank (AfDB) Group will announce the outcome of $58 billion deal offers for 42 critical projects in Africa, including the proposed highway connecting Lagos to Abidjan through Cotonou, Lome and Accra as well as the Nigerian film academy.
The deals were curated by AfDB and opened to investors since Tuesday at the ongoing three-day Africa Investment Forum (AIF) Virtual Boardroom sessions. President, African Development Bank Group, Dr. Akinwumi Adesina, said the bankable projects would open up Africa to economic prosperity and make the continent great. Adesina described the sessions as a rare opportunity to “make deals”.
He said the projects curated include a $3.3 billion East Africa railway corridor connecting Tanzania, Burundi and the Democratic Republic of Congo as well as link Rwanda to Tanzania and a $15.6 billion transport corridor highway linking Lagos to Cotonou, Lome, Accra and Abidjan.
Others are $140 million film academy in Nigeria, $247 million special agro-industrial processing zones in northern Cote d’Ivoire, $545 million lithium mine project in the Democratic Republic of Congo, which will be critical for the global electric car industry and women-led businesses worth $5 billion.
