Akinwumi Adesina’s Unbridled Optimism in Africa’s Future

Championed by African Development Bank (AfDB) and in partnership with several large regional and global funders, Africa Investment Forum (AIF), Africa’s largest investment marketplace, has mobilized over $141 billion in investment interest since its inception in 2018, with $31 billion of that from the latest edition of AIF. Adesina outlined grand priorities for AfDB and its partners: ramping up special economic zones for agro-industrialization; redefining the future of electric vehicles, given Africa has the world’s largest cobalt deposits and sizable lithium reserves too; and unlocking investment opportunities in renewable energy.

Adesina says a key ingredient in the future of the African economy is the mobility of people, as envisioned in the African Continental Free Trade Area (AfCFTA), the largest free trade area in the world. The ease of movement of people across Africa is much more than a question of visa access and travel documents; it is also one of flight costs, logistics, and digitization.


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