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“Abidjan-Lagos Highway corridor attracts $15.5 billion in Investment at AIF 2023”- Adesina

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that the Abidjan-Lagos highway corridor has successfully secured $15.5 billion in investment interest.

This development was disclosed during the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco, where participants gathered under the theme “Unlocking Africa’s Value Chains,” News Agency of Nigeria reported.

Adesina emphasized that the corridor’s transformational potential extends to the entire West African region, offering the promise of accelerated regional integration, sustainable economic development, and enhanced trade opportunities.

According to him African economies present some of the most promising investment opportunities globally and encourage investors to focus on the continent’s potential.

In support of the Abidjan-Lagos highway corridor and the broader objectives of regional economic integration, His Majesty King Mohammed VI of Morocco commended the Morocco-Nigeria Gas Pipeline Project as a significant initiative to provide reliable energy supplies to countries.

The Africa Investment Forum (AIF) is a pivotal platform where investable projects meet with investors and leaders in investment boardrooms, ensuring that investments are facilitated, risks are managed, and deals are finalized.

Established in 2018, AIF has grown to become Africa’s premier investment platform, with support from key institutions including the AfDB, Islamic Development Bank, European Development Bank, Afreximbank, Trade and Development Bank, Development Bank of Southern Africa, Africa Finance Corporation, and Africa 50.