Page 36 - ICD-AR22-English

Africa Investment Forum (AIF) Partners meeting
The Africa Investment Forum (AIF) is Africa’s investment marketplace, championed by the African Development Bank (AfDB) and its partners, to accelerate the closure of the continent’s investment gaps. ICD represented the IsDB Group in the
AIF platform throughout 2021 and 2022 and has actively engaged with AIF founding members and project sponsors for co-financing deals originated by the AIF deal development platform. In April 2022, ICD participated in the AIF Market Days. The event featured 63 deals worth USD 46.9 billion, from which IsDB Group shortlisted 30 deals.
ICD’s ICF team also participated in the virtual Deal Rooms sessions for Trade-Infrastructure projects, and Infrastructure and Transport projects in the ECOWAS Region: Côte d’Ivoire, Ghana, Togo, Benin, and Nigeria. Subsequently, in November 2022, the Acting CEO of ICD, represented H.E.
the President of IsDB Group during the AIF Market Days held in Abidjan on 2-4 November 2022. The event was also attended virtually by IsDB Group colleagues. The technical teams from IsDB-PPP, ICD-ICF and ICIEC attended several Deal Rooms to explore deal opportunities that would be of interest for co-financing, co-investment, and de-risking.
ICD attended nine Deal Rooms virtually, including deals for hydropower projects, affordable housing projects, renewable energy projects, and transport and infrastructure projects in Southern Africa and Central Africa member countries.
ICD leading the Investment Pillar under the Arab-AfricaTrade Bridges Program (AATB)
The AATB Program is a regional trade promotion program that aims to address some of the challenges faced in promoting trade between the two regions. The AATB Program is expected to increase investment and trade between the
Arab and African regions, and it covers different dimensions including infrastructure financing and advisory and technical assistance. ICD’s role is focused on the Investment Pillar. In 2022, ICD’s intervention focused only on Lines of Finance to eligible Financial Institutions: ICD secured the approval of USD 50 million to Afreximbank (ITFC syndication of a USD 100.00 million LoF), with a target disbursement in Q1 2023. This LoF will contribute to increase access to finance for private sector SMEs, including those involved in trade between Arab and African countries. Several additional LoF transactions are expected to reach
IC stage in 2023. Furthermore, ICD will use both direct (Term Finance) and indirect (LoF) intervention mechanisms in 2023 to tackle priority AATB themes such as food security.
34 ICD ANNUAL REPORT 2022