We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Friday, August 1, 2025
Africanian
No Result
View All Result
  • Home
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
Africanian
  • Home
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Founding Partners of Africa Investment Forum secure $1 billion in memoranda of understanding during U.S.-Africa Leaders’ Summit

Chair Lewis last November led an EXIM delegation to the Africa Investment Forum’s 2022 Market Days in Abidjan, Côte d’Ivoire, where the relationship with the three institutions was consolidated.

Founding Partners of Africa Investment Forum secure $1 billion in memoranda of understanding during U.S.-Africa Leaders’ Summit

Africa Investment Forum Senior Director Chinelo Anohu (left), EXIM Chair Reta Jo Lewis and Africa Finance Corporation President Samaila Zubairu during the US Africa Business Forum

Share on FacebookShare on TwitterShare via Whatsapp

Africa Investment Forum (AIF) last week garnered strong support in the U.S. to help advance key infrastructure projects for the continent. Three founding members of the Africa Investment Forum signed memoranda of understanding worth over $1 billion with the Export-Import Bank of the United States (EXIM) to expand American trade and investment in Africa.

Founding Partners of Africa Investment Forum secure $1 billion in memoranda of understanding during U.S.-Africa Leaders’ Summit
Left to right: Simon Tiemtore, Lilium Capital; Amadou Hott, African Development Bank; Alain Ebobisse, Africa50; Benedict Oramah, African Export-Import Bank; Patrick Dlamini, Development Bank of Southern Africa (2nd row); Alexia Latortue, U.S. Department of the Treasury; Eric Odiambho, Ecobank (2nd row); Enoh Ebong, U.S. Trade and Development Agency; Sanjeev Gupta, Africa Finance Corporation (2nd row); Reta Jo Lewis, Export-Import Bank of the United States; Chinelo Anohu, Africa Investment Forum (2nd row); Tony Elumelu, Heirs Holdings; Admassu Tadesse, Trade and Development Bank (2nd row), Sim Tshabalala, Standard Bank Group; Sola Yomi-Ajayi, UBA America posing in USTDA office.

Exim President and Chair Reta Jo Lewis signed the agreement with the heads of the African Export-Import Bank, Africa Finance Corporation, and Africa50 at the three-day US-Africa Leaders Forum convened by the Biden Administration on 13 December 2022. The US-Africa engagement took place amid global fragility and as Africa faces an infrastructure financing gap estimated at more than $100 billion per year.

READ MORE: African Development Fund mobilizes $8.9 billion for Africa’s low-income countries, the highest in its 50-year history

“The partnerships we are establishing today are very much a demonstration of EXIM’s commitment to resetting and renewing our outreach efforts with Africa,” Lewis said in remarks at the signing in Washington, DC.

She said while collaboration with Africa is one of EXIM’s mandates, it is also a Biden-Harris Administration priority, “one that we are dedicated to fulfilling in support of the advancement of U.S. exports.”

During the event, African Development Bank Group Senior Director Chinelo Anohu, who heads the Africa Investment Forum, built on the momentum of the 2022 Africa Investment Forum Market Days(link is external) – which drew $31 billion of investment interest – meeting with business leaders to explore further investment opportunities to close Africa’s infrastructure gap.

READ MORE: South Africa: Cape tourism industry all set for a bumper season

She spoke about the significance of strengthening the partnerships between the Africa Investment Forum, American government institutions, and the US private sector. The forum brought together U.S. and African business and civil society leaders, media, and members of the diaspora in Washington, D.C.

Earlier in the week, EXIM named Anohu as one of the 15 global women leaders of its Council for Advancing Women in Business, launched during its 2022 Annual Conference. The Council will play a key role in supporting EXIM’s gender equity goals.

READ MORE: African Countries Make Steady Progress on Visa Openness

The African Development Bank also participated in the celebration of 30 years since the establishment of the United States Trade and Development Agency (USTDA). The event brought together Africa’s preeminent finance institutions to discuss the future of infrastructure finance on the continent. During this meeting, Ms. Anohu and USTDA Director Enoh Ebong highlighted the collaboration between the Africa Investment Forum and the USTDA – which they said has already delivered solid results, particularly in women-led investment.

Several other events took place on the margins of the US-Africa Leaders’ Summit to advance discussions on Africa’s efforts to boost climate action, support creative industries, and foster innovative solutions to the continent’s infrastructure deficit.

These included an opening dinner hosted by the Atlantic Council, where ten Heads of State engaged in dialogue with U.S. and African business leaders. There was also a roundtable with the new global news outlet Semafor, featuring the Africa Export-Import Bank and Atlantic Council on financing African creatives.

READ MORE: African Development Bank at the UN Biodiversity Conference (COP 15)

Ms. Anohu also attended a program hosted by the Africa Finance Corporation and the Bank of America on innovating finance for climate change.

The summit closed with a commitment from U.S. President Biden for $55 billion in new financing over the next three years to tackle some of Africa’s greatest challenges, including health, climate, digital and trade and investment. The Africa Investment Forum and its founding partners expect to be key implementing partners working with the U.S. administration and the U.S. Congress in executing the new commitments.

The Africa Investment Forum is Africa’s infrastructure investment marketplace, championed by the African Development Bank and seven other founding partners to accelerate the closure of the continent’s investment gaps. It operates as a multi-stakeholder, multidisciplinary platform dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals. It also includes a digital platform for investors and project sponsors to profile their investment interests and deals.

Source: AfDB

RelatedPosts

Nigeria launches Oyo Agro-Industrial Hub to drive inclusive rural development in Africa

Nigeria launches Oyo Agro-Industrial Hub to drive inclusive rural development in Africa

July 31, 2025
Tunisia’s energy transformation: How natural gas is powering industry and cleaner living

Tunisia’s energy transformation: How natural gas is powering industry and cleaner living

July 30, 2025
Lifelong Learning in Africa: The Silent Revolution Shaping the Continent's Future

Lifelong Learning in Africa: The Silent Revolution Shaping the Continent’s Future

July 30, 2025
Humanity Has Exceeded Earth's 2025 Resource Budget: What It Means for Africa and the Planet

Humanity Has Exceeded Earth’s 2025 Resource Budget: What It Means for Africa and the Planet

July 25, 2025
Liberia launches youth bank that will create 120,000 jobs and fund 30,000 businesses.

Liberia launches youth bank that will create 120,000 jobs and fund 30,000 businesses.

July 25, 2025
Angola: Clementina Artur will no longer walk to the river every morning with an empty container

Angola: Clementina Artur will no longer walk to the river every morning with an empty container

July 24, 2025
The Invention of Time: How Humanity Created the Clock That Rules the World

The Invention of Time: How Humanity Created the Clock That Rules the World

July 24, 2025
Equatorial Guinea Launches Climate Innovation Project: Students to Build First AI-Powered Weather Station

Equatorial Guinea Launches Climate Innovation Project: Students to Build First AI-Powered Weather Station

July 24, 2025
Kenya: AfriLabs and Konza Technopolis Sign Strategic Deal to Boost Innovation Across Africa

Kenya: AfriLabs and Konza Technopolis Sign Strategic Deal to Boost Innovation Across Africa

July 23, 2025
Africanian News Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future.

If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to: info@africanian.com

News Categories

  • America (39)
  • Asia (129)
  • Business (1,184)
  • Culture (183)
  • Destinations (52)
  • Entertainment (53)
  • Environment (5)
  • Europe (153)
  • Food and Drink (14)
  • Guides & Tips (20)
  • Health (620)
  • Hotels (4)
  • Meetings (25)
  • News (2,566)
  • Opinion Piece (11)
  • Politics (463)
  • Russia (73)
  • Science (63)
  • Sports (308)
  • Style (4)
  • Tech (317)
  • Trailers (2)
  • Travel (148)
  • US (107)
  • World (426)

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com.

You can also subscribe to our mailing list to receive the latest updates from Africanian News.

Newsletter

© 2025 Africanian News.

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2025 Africanian News.