Events

The Fourth Investing in Africa Forum: Deepening Investment Cooperation and Harnessing Innovation for Sustainable Development and Shared Prosperity

September 6-8, 2018

Changsha, Hunan Province, China

World Bank Group


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  • Turning constraints into opportunities to attract and mobilize private sector investments, both domestic and foreign, is the guiding spirit of the fourth IAF. Forum participants will reflect on what it will take to mobilize adequate private investment needed to transform African economies and generate much-needed jobs, through a focus on five central themes:

    -          Agriculture and agro-processing

    -          Education and skills development

    -          Energy and climate change

    -          Health, and

    -          Digital economy and innovation

    As Africa’s top trading partner and one of its largest investors, China-Africa engagement has expanded rapidly in recent years, reflecting China’s support for African development. Previous IAFs demonstrated that deepened China-Africa cooperation is mutually beneficial, and supports development strategies based on the comparative advantages of Africa countries. During the first two Forums – held in Addis Ababa, Ethiopia and Guangzhou, China, respectively – participants addressed a set of topics grounded in Africa’s development priorities. The third IAF, held in Dakar, Senegal, addressed six thematic pillars and set the stage to catalyze a new generation of investment opportunities by leveraging technology and innovation to unlock Africa’s potential for accelerated and inclusive growth. The Investing in Africa Think Tank Alliance also launched its first publication, Leapfrogging: The Key to Africa’s Development?, which identifies knowledge gaps and proposes practical guidance on how to spur leapfrogging in African countries. 

  • IAF Organizers

    Ministry of Finance (MOF) of the People’s Republic of China
    The MOF of the People’s Republic of China is the window agency and key development partner of the World Bank Group. Thanks to its strong and continued support as a founding partner, the IAF is now a unique platform aimed at strengthening the strategic ties between China and African countries, encouraging policy dialogue and knowledge exchange, mobilizing investment, and facilitating trade, with the ultimate objective of supporting sustainable development in the continent. The MOF has also reinforced its collaboration with international development agencies, think tanks, and other development partners to promote South-South and Tripartite cooperation, particularly in Africa.

    The China Development Bank (CDB)
    The CDB continues to play the leading role in China’s efforts to grow its overseas financing and investments. The CDB aims to become a world-class development finance institution by leveraging its unrivaled position as an industry leader in medium- and long-term investing and financing, further improving the development finance business model. As one of the main supporters of China’s “Belt and Road” and “Go Global” initiatives, the CDB is actively engaged in Africa through its cross-border financing and investment activities, reaffirming its commitment to the continent’s long-term and sustainable growth. By the end of 2017, the CDB had provided over US$60 billion in funding support to African countries with an outstanding loan balance of US$35.8 billion. The China-Africa Development Fund (CAD Fund), a direct investment vehicle of the CDB, has financed 91 projects with more than US$4.5 billion in 36 countries throughout the continent and can bring US$22 billion of investment by Chinese companies. The Special Loan for the Development of African SMEsanother of CDB’s financial vehicles, and the CAD Fund were both adopted under the framework of the Johannesburg Action Plan, at the 2015 Forum on China-Africa Cooperation (FOCAC) Summit held in South Africa.

    The Hunan Province of China
    The Hunan Province of China, co-organizer, and host of the Forum has been among the fastest growing provinces in China over several decades, harnessing innovation to achieve sustainable development. IAF participants will have the opportunity to appreciate its modern agriculture and hybrid-rice production, well-developed renewable energy sector, innovative manufacturing and basic industries, and dynamic private sector development, as well as its long and abundant cultural heritage and well-preserved eco-environment. Hunan has also championed cooperation with African countries, and bilateral trade with the continent totals US$2.08 billion in 2017.

    The World Bank Group
    The Bank Group aims to leverage its global knowledge, special financial instruments such as Cascading and De-risking, as well as Maximizing Finance for Development approaches, as well as ongoing programs in African countries to support informed dialogue among investors, policy-makers, and other development partners, to catalyze private sector investment in Africa. The Bank Group firmly believes that the private sector is central to achieving accelerated and inclusive growth. It is committed to bringing its technical expertise and innovative financial solutions to help unlock high impact private sector investment and minimize public debt, particularly in fragile and conflict-affected situations. The Bank Group will take the fourth IAF as an opportunity to provide perspectives drawn from its broader global experience in Africa, present its initiatives and feature concrete partnerships that foster policy dialogue aimed at promoting responsible investing practices to support Africa’s sustainable development.

  • DAY 1- Thursday, September 6, 2018

    09:00-10:00               Opening Ceremony

    10:00-10:15                Break

    10:15-10:45               Signing Ceremony

    10:45-12:15               High-Level Roundtable Session

    Panel interventions followed by discussion

    12:15-12:30                Break

    12:30-14:00                Lunch: Investing in Africa Promotion with CDB

    Hosted by China Development Bank (CDB)

    14:00-14:15                Break

    14:15-15:55               Session I: Agriculture and Agro-processing

    Panel interventions followed by discussion

    15:55-16:10                Break

    16:10-17:40               Session II: Education and Skill Development

    Panel interventions followed by discussion

    17:40-18:30                Break

    18:30-20:00                Welcoming Dinner

    Hosted by the People’s Government of Hunan Province

                                       

    DAY 2 - Friday, September 7, 2018

     

    9:00-10:30                  Session III: Energy and Climate Change

    Panel interventions followed by discussion

    10:30-10:45                Break

    10:45-12:15                Session IV: Health

    Panel interventions followed by discussion

    12:15-12:30                Break

    12:30-14:00                Lunch: Investing in Africa Promotion with IFC

     

                                        Hosted by International Finance Corporation (IFC)

    14:00-14:15                Break

    14:15-15:45                Session V: Digital Economy and Innovation

     

    Panel interventions followed by discussion

                                     

    15:45-16:00                Break

    16:00-17:00                Closing Session

    17:00-18:00                Press Conference

     

    Day 3 - Saturday, September 8, 2018

     

    9:00-12:30                  Optional Field Visit to Changsha and Shaoshan (Hunan Province)

DETAILS

  • DATE: September 6-8, 2018
  • TIME: Forum Events 9 am – 5 pm