AfDB forum in Abidjan canceled due to health risk
African Development Bank President Akinwumi Adesina (illustrative image) Riccardo Savi / GETTY IMAGES NORTH AMERICA / Getty Images via AF
Text by: RFI Follow
1 min
The cancellation of the African Development Bank investment forum is a consequence of the new Omicron variant.
Annual meeting which was to take place in Abidjan from Wednesday.
For the first time the forum was to be held in a French-speaking country.
But it is postponed to a date unknown at the moment.
Reasons given: travel restrictions between countries and the health risk.
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The conference rooms will not even have had time to be set up in front of the Ivoire hotel in Abidjan.
The forum is postponed because it has become difficult, if not impossible for some participants to come on site.
No remote forum possible either.
For commitments to be made and investments to materialize, face-to-face is essential, explains the president of the African Development Bank Akinwumi Adesina.
“
This is not a forum like the others.
There are the engagement rooms where project promoters sit down with investors, with heads of state to also discuss projects, things at the level of economic policy, financial policy.
The regulatory situation may affect the possibility of the success of these projects.
"
Africa is resilient.
We must continue the work, assures President Adesina.
But there is disappointment, as the pandemic is preventing some progress.
The last edition of the forum in 2019 allowed 40 billion dollars in transactions between promoters and investors.
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