Africa Investment Forum Market Days 2024: Global Risk leaders gather to unlock Africa's investment potential

(Africa Development Bank, Abidjan, 4 December 2024) The African Development Bank Group hosted a high-profile meeting of global insurers, export credit agencies and institutional investors to explore innovative risk-sharing solutions on the sidelines of the Africa Investment Forum Market Days 2024. The Insurer and ECA Day on December 3 reinforced the Bank's commitment to bringing large scale finance into Africa. Participants included representatives of the Berne Union, Axa, Marsh, Allianz, Chubb, Trade and Development Bank, LGIM, Sinosure, JBIC and ICIEC, among others. Presentations highlighted the urgent need to close Africa's infrastructure investment gap, noting that private investors currently account for just 10% of infrastructure financing on the continent – less than half the level in Asia, with Africa needing $1.3 trillion annually to achieve its SDG targets by 2030.