Africa Investor and IFC InfraVentures to Advance Project Development Finance in Africa

IFC, a member of the World Bank Group, and Africa investor (Ai), an international investment and communications group, are co-hosting the Ai CEO Infrastructure Project Developers Summit, to bring leading developers and financiers together to discuss opportunities to fast track, strengthen and support financing for Africa’s infrastructure project developer community.

This year’s Ai CEO Infrastructure Project Developers Summit marks the second year of collaboration between Ai and IFC.

Themed Catalysing Africa’s Project Development Finance and Investment Ecosystems, the Summit coincides with significantly increased interest in infrastructure project development in Africa.

This year’s Summit aims to explore methods of mobilizing capital for the sector, as well as improving regulatory and administrative support and efficiency.

“Creating bankable infrastructure projects in difficult environments has been, and continues to be a major obstacle to substantial development in sub-Saharan Africa,” said Sujoy Bose, IFC Director for Infrastructure. “IFC is uniquely positioned to bring together governments and private actors to devise credible opportunities for scaleable and replicable project development that can be financed by investors.”

This unique CEO-level gathering of over 200 of Africa’s leading infrastructure project developers, financiers and regulators is taking place at the Hyatt Regency Hotel in Johannesburg, South Africa.

The Summit coincides with the launch of an IFC InfraVentures-supported Special Ai Report on Africa’s Top 100 Project Developers, published and available in the May-June edition of Africa investor magazine.

Commenting on the launch of the Ai CEO Infrastructure Project Developers Summit, Hubert Danso, CEO and Vice Chairman of Africa investor, said; “For the second year running, we are proud to host this Summit with the IFC. We are passionate about advancing the African infrastructure project development agenda and look forward to important discussions and further progress in the sector.”