Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Business

Africa remains the world’s next business frontier – Dr. Akinwumi Adesina

Johnson Uche by Johnson Uche
January 21, 2021
in Business, Spotlight
AfDB partners DFID to unveil $80m infrastructure financing for Africa, ADB launches $3 billion “Fight COVID-19” Social Bond, US calls for an independent probe of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to step down as Obasanjo says the bank risks being hijacked
Share on FacebookShare on TwitterShare on Linkedin

Africa as a continent has remained a fertile ground for investment but depends very much on its ability to boost its healthcare sector.

This disclosure was made by Akinwumi A. Adesina, the President of the African Development Bank (AfDB) during the Africa Investment organized by the UK Department for International Trade themed, “Building back better – utilizing UK private sector strengths and values, and business-to-business opportunities working with UK government and others going forward”

According to Dr. Adesina, “Africa still possessed the same fundamentals that had driven the continent’s phenomenal growth over the past decade”

“The fundamentals in those phenomenal growth rates in Africa are still there…Africa still leads in terms of ease of doing business…It’s very exciting, the digital explosion that you see in Africa today”

Mrs Wade-Smith, Her Majesty’s UK Trade Commissioner for Africa, was visibly excited to note that 10 of the fastest-growing economies were still in Africa, though not much was known of the technological innovations happening in the region.

According to Boris Johnson, UK Prime Minister, “many things have changed since last year, there is one thing I can tell you that has not changed: that is my ambition for the UK to be Africa’s investment partner.”

What you should know

  • The conference brought together the UK and African business and government leaders to discuss investment and partnership opportunities.
  • This year’s conference is a continuation of the last year’s successful UK-Africa Investment Summit which was hosted in London by the Prime Minister, where 27 trade and investment deals worth £5 billion and commitments valued at £8.9 billion were announced.
  • Four critical sectors were spotlighted as follows: sustainable infrastructure, renewable energy, financial and professional services, and agriculture and agri-tech.
  • It is expected with the impetus and full benefits of AfCFTA to the African nations, the continent would attract more investments and grow bigger
  • The African economy is hopefully to grow by 3.4% in 2021, though it shrank by 2.1% in 2020, as the global economy is expected to recover from the impact of the COVID-19 pandemic.
  • Africa has only 365 pharmaceutical companies, compared to 7,000 in China and 11,000 in India
  • Other participants included UK Prime Minister Boris Johnson, Minister for Africa James Duddridge, Minister for Investment Gerry Grimstone, as well as business leaders from Standard Bank, pharmaceuticals firm AstraZeneca and mobile operator Vodacom.

Related

Tags: AfCFTAAfDBAfrican Development Bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Asia’s richest billionaire, Gautam Adani pledges $8 billion to social causes to mark his 60th birthday
    • Altcoins gain 90% in the last 7 days
    • US Equities: Weekly Round up

    Follow us on social media:

    Recent News

    Gautam Adani, owner of India’s biggest port operator, loses $12.4 billion in a day

    Asia’s richest billionaire, Gautam Adani pledges $8 billion to social causes to mark his 60th birthday

    June 26, 2022
    Here are the best strategies for cryptocurrency trading that you should know

    Altcoins gain 90% in the last 7 days

    June 26, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com