"Four sponsored projects were invited to present their business to over 100 investors present at the meeting, including a dairy in Angola and a cotton production unit in Mozambique," among others, reads the communiqué sent to Lusa at the end of the meeting.
The virtual meeting took place on Thursday and Friday and is part of the response to the covid-19 pandemic organized by the African Development Bank under the FIA, which aims to leverage investments in the continent.
The 15 projects, worth 3.8 billion dollars will be "the channel for African economic recovery following the pandemic, said the FIA partners, who expressed confidence in the continent's potential to recover from the current economic and financial crisis," the statement added.
"Africa will come out of the pandemic and will build better and stronger economies," said ADB President Akinwumi Adesina at the end of the meeting that brought investors and companies together, replicating the annual meeting.
"The FIA is not a place to talk, what we are trying to do is focus on our partners' efforts on the businesses that are in our portfolio able to receive funding," said the director of the FIA, Chinelo Anohu, adding: "We are not only focusing on the health sector, but also on other sectors that will help kick-start the recovery across the continent.
So far, the FIA has facilitated the completion of eight deals worth 2.18 billion dollars.
In Africa, there are 15,082 confirmed deaths in more than 720,000 infected with covid-19 in 54 countries, according to the latest pandemic statistics on that continent.
