The Abu Dhabi Investment Authority (ADIA) is hosting the Africa Investment Summit (AIS) to increase dialogue between global investors and African financial and corporate entities.
The two-day event, beginning November 18, will offer a platform for more than 180 representatives from among sovereign wealth funds (SWFs), global institutional investors, asset managers, financial institutions, corporates, supra-national agencies and others, a statement said.
The AIS will also cover key topics such as Africa’s macro-economic outlook, capital markets, infrastructure and high growth sectors. Participants will include representation from 22 countries including seven African nations and delegates from 13 SWFs, the statement added.
“With young and rapidly growing populations and an emerging middle class, Africa is an increasingly important and attractive market for investors,” said Sheikh Hamed bin Zayed Al Nahyan, managing director, ADIA.
“With their long term outlooks, sovereign wealth funds and other long-term asset owners make ideal investment partners for African organisations seeking stable capital. By bringing these diverse groups together, the AIS aims to identify areas of mutual interest and seek ways to overcome barriers that are hindering long-term investment into the continent.”
The event corroborates ADIA’s role as a global investor, fostering the development of international financial markets, the statement added.
ADIA chairs the International Forum of Sovereign Wealth Funds. It is also a founding member of the One Planet Sovereign Wealth Fund Working Group, the statement added.