Abidjan-Lagos highway corridor secures $15.5b investment interest – Adesina

Abidjan-Lagos highway corridor secures $15.5b investment interest - Adesina

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

Adesina said this on Wednesday while welcoming participants at the 2023 Africa Investment Forum, AIF, Market Days in Marrakech, Morocco.

The event has as its theme, ”Unlocking Africa’s Value Chains”.

He said the corridor will transform the entire West African region and speed up regional integration, sustainable economic development and trade.

”In 2022, investment interests were secured for 3.6 billion dollars for the East Africa Railway Corridor, linking Tanzania, Democratic Republic of Congo and Burundi.

”We are delighted that the AIF has so far closed on deals’ investment gaps worth 11 billion dollars.

”This ranged from liquefied natural gas, renewable energy, agribusiness, industrial manufacturing, creative industry, housing, and transport.

“It is time again for investment action, it is time to do it again,” Mr Adesina said.

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