CAPE TOWN - The African Christian Democratic Party (ACDP) on Friday welcomed investment pledges of US$40.1 billion made this week at the Africa Investment Forum in Johannesburg.
“This welcome financial and investment commitment comes after the country has gone through a series of downgrades due to political and policy uncertainty, and in particular, the lack of concrete forward movement over our state-owned entities, with Eskom as the elephant in the room,” ACDP MP Wayne Thring said.
"This level of commitment to Africa shifts the narrative from one of aid to one of strategic trade partnerships for the continent. This buy-in, into Africa, shows that we are ready to participate in the global stage as trade partners and a formidable investment destination.”
The Africa Investment Forum declared it had secured $40.1 billion in investment during the event, which was held at the Sandton Convention Centre in Johannesburg this week.
Delegates from across the globe gathered at the event in an effort to attract billions from foreign investors to boost business and help to close the continent's huge infrastructure gap.