The ICD, the private sector arm of the Islamic Development Bank, which participates in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development, will share its financial approach to developing sustainable private sector growth at the Africa Finance & Investment Forum 2015 to be held from 24-26 November in Cape Town, South Africa.
Mr. Khaled Al Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), will present to the international audience the bank’s approach to finance and the role it is and will play in developing Africa’s private sector during the official opening session alongside the European Investment Bank and other leading institutions.
“It is essential to gain insights and understanding of different ways to offer financial services in developing markets. ICD, with its wealth of knowledge and expertise, is a global leader and therefore its presence will be essential to all the participants coming to share best practices and to network,” explains Inês Bastos, Sr EMRC Programme Manager and AFIF’s founding project manager.
Themed “Access to Finance & Entrepreneurship”, AFIF 2015 will focus on innovative financial solutions to assist Africa’s businesses, showcasing the financial challenges and opportunities in agriculture, health, infrastructure and energy.
Alongside this, a Private Public Dialogue on Impact Investment, overseen by the United Nations Development Programme (UNDP) and the African Union will be held on 24th November. This inaugural PPD provides a platform through which the public and private sector in Africa can discuss, agree and follow up on concrete interventions to catalyze the impact investment sector and contribute towards the achievement of the African Union’s Agenda 2063 and the recently ratified Sustainable Development Goals. This will lead to an official announcement of the UN Cape Town Declaration on Impact Investment in Africa at the end of the forum.
Held for the first time in Africa, AFIF 2015 is organized by EMRC in partnership with ICD and in collaboration with the European Investment Bank along with UNDP, DEG, Agri Academy, Pfizer, Old Mutual Investment Group Rabobank, BlueCloud, Afreximbank, and IFC.
The forum aims at showcasing innovative financial solutions to strengthen African SMEs by analyzing the challenges and opportunities in the Continent; and also to encourage the creation of partnerships via one-on-one business meetings, ensuring that participants leave with concrete results.
An expected 300 delegates from all over Africa, Europe, America and Middle East will be attending. This year AFIF will include a pre-conference Training on “Entrepreneurship” (23 Nov), pre-arranged B2B meetings and informal networking activities. AFIF will also incorporate the “AFIF Entrepreneurship Award 2015”, a competition supported by the Rabobank Foundation as well as The “Pfizer Health Entrepreneurship Award” and a Pitching Session by The Innovation Hub (South Africa).
About AFIF
The Africa Finance & Investment Forum (AFIF) is an annual business event organised in the framework of EMRC International’s activities, aimed at strengthening the private sector in Africa, encouraging entrepreneurship and attracting investment to the African continent. AFIF has a double objective: to strengthen the financial capacities of Africa’s private sector and to promote the creation of new partnerships through the encouragement of joint projects and trade relations North-South & South-South.
