The Management of the Foreign Investment Network (FIN) in Nigeria and MahaBiz in India have collaborated with investors in Asia, United Arab Emirate (UAE) and other African countries to explore business opportunities in Africa
The experts noted that the allure of growing economies lies in their ability to offer new horizons for growth and diversification share insights, and build bridges that will shape the future of business in Africa, Asia, and the Middle East.
In her opening remarks at a pre-event virtual conference, the Chairman of FIN, Mrs. Olayinka Fayomi, said the meeting marked a significant moment as they bring together the diverse and dynamic business landscapes of Africa, Asia, and the Middle East under one roof.
Mrs. Fayomi said FIN will be collaborating with local partners and government to aid in driving investments into emerging markets
According to her, MahaBiz 2024 is more than an event; it’s a platform for innovation, investment, and dialogue, creating pathways for a prosperous future.
Read Also: Passports: stop LGA letter; Lawan; 2024 Police: labs, fingerprints
She said: “Investors who take the time to understand the unique characteristics of these economies, assess the associated risks, and implement effective strategies stand to reap the rewards of being early movers in this exciting realm of global investment.
Speaking further, the FIN chairman cited data recently released by UAE’s Ministry of Foreign Trade, that UAE’s overall trade with six non-Arab African countries alone (Angola, Kenya, Nigeria, Ethiopia, South Africa and Tanzania) reached a $8 billion in 2020.
According to her, Dubai’s non-oil trade with Africa has surged by over 71 percent to exceed $50 billion in 2020. Dubai’s trade with Africa is projected to see an annual increase of up to 10% over the next five years following the implementation of AfCFTA, according to recent analysis from Dubai Chamber, she added.
In 2022, trade between Asia and Africa reached $267 billion, with the UAE acting as a significant trade hub, and Dubai’s trade with Africa is worth $45B yearly.
The theme of the forum, entitled: “Catalyst In Business, Investment & Economic Growth,” will feature discussions around the vast potential businesses within emerging markets, roles of investors in the global investment arena, pathways to economic growth, development and the inherent opportunities across the globe.