Leaders from Africa and the Caribbean regions will this week engage during the 32nd African Export Import Bank (Afreximbank) Annual Meetings where they are expected to discuss trade, innovations and economic growth strides.
President Lazarus Chakwera is expected to lead a Malawi delegation to the meeting which attracts Heads of State, Prime Ministers,and businesspersons from across Africa, the Caribbean and beyond.
To be held in Abuja, Nigeria, under the theme ‘Building the Future on Decades of Resilience,’ the indaba is timely as most African countries are navigating through the shifting global economic and trade trends.
Afrexim bank President Benedict Orama said in a statement that the annual meetings are ideal for integration and discussing growth strides.
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“As the continent confronts global uncertainties, it is doing so with renewed resolve.
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“Following the successful 31st edition of the AAM held in the Bahamas last year, we are back on the African continent for this year’s meetings which are about catalyzing practical action—building stronger institutions to strengthen trade integration and unlocking the full potential of African innovation,” he said.
It comes as Africa remains a continent to watch for many decades to come as room for sustainable growth and development remains vast with untapped potential in almost all spectrums.
Its population is largely youthful [35 years and below], and the continent is earmarked to host a fifth of the world’s population by 2030.
Africa is also rich in natural resources. It already feeds the global market with essential components for manufacturing and processing of edible products and other essentials.
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According to the Afreximbank statement, speakers at the indaba would include Director for the Centre for Sustainable Development Jeffrey Sachs and President and CEO of the Dangote Group Aliko Dangote.
The meeting is expected to deliver strong economic benefits, both in short and long terms.
It is expected to facilitate significant trade and investment deals and public-private partnerships.
“The meetings are expected to catalyse billions of dollars in funding over the next five to ten years for key strategic sectors,” reads the statement.
