Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

South Africa, others fall behind as Nigeria secures more deals at investors’ marketplace

Fakoyejo Olalekan by Fakoyejo Olalekan
July 10, 2019
in Business News, Politics
Venture Capital VC deals

Sealing deals

Share on FacebookShare on TwitterShare on Linkedin

Nigeria dominated the maiden edition of African Investment Forum, as West African region grossed the highest value in deals. A report by the African Development Bank (AfDB) has shown the country carted home major share of the $13.1 billion investment secured by the region. The country Nigeria is being tipped to do even better at the next edition which will be held in five months’ time.

The Investment Forum which was held in South Africa last year, saw African countries raise up to $38.7 billion, with Nigeria accounting for $7 billion. According to the Senior Country Director for Nigeria at AfDB, Mr. Ebrima Faal, the country secured 14.9% of the deals that were closed at the investment market by African countries.

[READ ALSO: How Nigeria can benefit from ECOWAS’ intended single currency]

RelatedPosts

Nigeria’s Securities and Exchange Commission, AfDB sign $460K capital market surveillance deal

AfDB’s DG says current financial sector portfolio in Nigeria hits $1.3bn

About the AIF: It is a multi-stakeholder and multi-disciplinary collaborative platform for international business and social impact investors looking to invest in the continent. It is also a highly-transactional marketplace dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.

In 2018, over 2,000 participants representing 87 countries attended the event, including eight heads of governments. Deals worth a total of $46.9 billion were discussed with 49 deals valued at $38.7 billion secured.

News continues after this ad


African Development Bank, Process and Industrial Development, P&ID court case against Nigeria, President Muhammadu Buhari | Federal government
Muhammadu Buhari President of the Federal Republic of Nigeria

These were disclosed by Faal during a roadshow to promote the second edition of the forum scheduled to hold in South Africa in November. He said Nigeria could do better, as the country pulled five deals worth $7 billion out of the 63 boardroom deals presented at the last forum.

“This year, it is paramount that we not only maintain our place as a pacesetter but also collectively strive to improve on the quality and quantity of deals closed.”

Nigeria held 43% of the total deals closed by the West African region, which secured the highest value of deals closed by the continent. The deals secured by West Africa accounted for 36% of the total deals, with Southern Africa raising 22.7%. West Africa proposed Nineteen projects worth $16.1 billion, of which 16 projects valued at $13.1 billion were secured. Nigeria earned $7 billion out of this figure.

News continues after this ad


[READ ALSO: Why the London Stock Exchange is scouting for potential African listings]

Nigeria needs about $3 trillion by 2024 to bridge its infrastructural gap. With this, private placement like the African Investment Forum is expected to ease its financial gap as the gross international reserves of about $45 billion and a pension fund of about N8 trillion are not enough.

Related

Tags: African Development BankAfrican Investment ForumDeals in Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria’s central bank raises interest rate on intervention loans to 9% from 5%
    • Lagos State government to test run Blue Line train in December 2022
    • Ghana’s central bank hikes interest rate to 22% to combat inflation, forex crises

    Follow us on social media:

    Recent News

    CBN cautions microfinance banks against forex transactions and wholesale banking

    Nigeria’s central bank raises interest rate on intervention loans to 9% from 5%

    August 18, 2022
    Lagos orders removal of all unapproved street gates in the state to ease traffic, Sanwo-Olu to stop pension for former governors, deputies, #EndSARS: Judicial Panel of Inquiry and Restitution to include Lekki toll gate incident – Sanwo-Olu, Lagos approves resumption of all classes in public, private schools, Lagos takes major step towards delivery of Fourth Mainland Bridge, Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family, Lagos pays N1.3 billion into the RSA of 246 retirees, Lagos State to empower 2.5 million youths in Arts and Crafts

    Lagos State government to test run Blue Line train in December 2022

    August 18, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com