The African Sub-Sovereign Governments Network (AfSNET) has trained officials from participating African countries on investment promotion and project development to strengthen their capacity to attract funding for development projects. The three-day capacity-building programme, held in Calabar, Cross River State, brought together representatives of sub-national governments from several African countries ahead of the opening of the sixth AfSNET Investment Conference on Friday.
The conference, scheduled to end on November 14, is expected to be declared open by President Bola Tinubu. Dr Gainmore Zanamwe from the African Export-Import Bank (Afreximbank) stated that the training was designed to equip governments with skills to identify priority sectors and develop viable projects capable of attracting funding.
Investment Promotion Training in Cross River State
The training sessions focused on project identification, investment promotion, and the preparation of investment pitch decks. This initiative aims to enhance the ability of sub-national governments to attract investment and develop projects that align with regional development priorities.
Over the past five years, AfSNET has facilitated investment opportunities worth more than three billion dollars and trained more than 2,000 people in investment promotion, engaging approximately 21 African countries. The training is part of a broader strategy to promote trade and investment at the sub-national level.
Key figures on Investment Opportunities
- USD 2 billion financing facility available from Afreximbank to support bankable projects across African states and local governments
- More than 3 billion dollars in investment opportunities facilitated by AfSNET over the past five years
- More than 2,000 people trained in investment promotion
Next Steps for Investment in Cross River
- Governments are urged to submit investment-ready proposals that align with regional development priorities.
- The conference will feature presentations by governors on investment opportunities in their jurisdictions.
- The final day will focus on developing a pipeline of bankable projects.
Investment training and opportunities are being highlighted at the sixth AfSNET Investment Conference in Cross River State.
