The European Investment Bank and the African Development Corporation join AFIF2014


24th April 2014 Brussels, Belgium

The European Investment Bank (EIB) and the African Development Corporation (ADC) will be participating in the upcoming Africa Finance & Investment Forum 2014, adding to the forum’s list of international partners, which will take place from 4-5 June 2014 in Cologne Germany at DEG headquarters.

EIB is the European Union’s bank and is the largest multilateral borrower and lender by volume. The bank provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. EIB’s high level speakers dealing with private sector development will present the Bank’s vision, providing delegates with a significant and important international outlook.

ADC is a German listed, emerging pan-African banking group, with a strong footprint in Southern Africa via BancABC, a regional commercial banking platform operating in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as exposure to West Africa via Union Bank of Nigeria. Parallel to its banking operations, ADC has a private equity portfolio active in growth markets across sub-Saharan Africa, which Dirk Harbecke, CEO, African Development Cooperation, will present.

“These new partners will add depth to the discussions and increase the potential for business people participating in the forum to find funding and partners. Their presence as leading European / International financial actors is critical for this Pan-African gathering,” highlights Inês Bastos, Senior EMRC Project Manager and Manager of AFIF2014.

The Africa Finance & Investment Forum, entitled ‘Financing Business Opportunities’ will take place at the DEG headquarters in view of Germany’s deep seated heritage as a world leading business, economic and financial hub. The Forum will play host to the two hundred selected professionals and decision makers coming from Africa, Europe and beyond.

The forum will also provide an environment for B2B meetings. These meetings are tailor-made to ensure maximum business partnership success. For two entire afternoons, participants, speakers and partners can sit down for one-on-one meetings conducive for potential business partnerships. Last year’s forum saw around 700 meetings taking place.

Confirmed partners also include: BNDES (Bank of Development of Brazil); IFC (World Bank); UN/WTO – International Trade Centre; Delta State Government with the participation of His Excellency the Governor (Nigeria); Shell Foundation and the German Trade/Business organizations AfrikaVerein and SAFRI (Southern Africa Initiative of German Business); ECOWAS (Economic Community of West Africa States) and FEWACI (Federation of West Africa Chambers of Commerce and Industry; ICD (Islamic Corporation for the Development of the Private Sector).

Parallel to this, AFIF2014 will also host the Project Incubator Award, an EMRC initiative aimed to encourage entrepreneurship in Africa. Held in conjunction with the forums (Agribusiness & AFIF) a call is sent out to entrepreneurs to put forward their project proposals. Finalists present their projects at the forum and the winner is announced at the Networking evening, receiving a cash prize.

Prof. Monty Jones will be the Chairman of AFIF2014, having been recently elected President of EMRC (since January 2014). Prof. Jones was named one of the 100 most influential scientists in the world by Time Magazine in 2007, was the recipient of the 2004 World Food Prize and today is the Special Advisor to the President of Sierra Leone.

The forum will provide simultaneous interpretation in English, French and Portuguese. EMRC will organize in collaboration with UN/WTO – International Trade Centre team of Experts a pre-Forum training on “Sources of Funding / Presenting a Business Plan” (2-3 June).

Source: www.emrc.be


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