The President of the African Development Bank has postponed an investment forum in it had planned for December 1-3 in Abidjan, Cote d’Ivoire.

 Dr. Akinwumi Adesina cited health concerns and travel restrictions over the Omicron coronavirus variant.

Several presidents from South Africa, Nigeria, Ghana, Tanzania, Rwanda and Mozambique and a delegation from the United States that included investors representing more than $1.6-trillion in assets under management, were expected to attend the forum.

The AfDB said the forum had 118 deals in its pipeline from all eight founding members, with an investment value of more than $110bn.

Adesina said conversations around the funding of projects would continue behind the scene.