Trade and finance experts recently
gave useful insights on how to leverage the Africa Continental Free
Trade Area (AFCFTA) as a...
key engine of economic growth,
industrialisation and sustainable development of the West Africa region.
They also discussed ways to generate
alternative financing of Agribusiness and how to harness opportunities
in the huge infrastructural gap in West Africa through Export Credit
Agencies (ECA) and public sector investment.
The experts spoke at the annual Global
Trade Review (GTR) conference titled “GTR West Africa Conference 2020”
that was held in Lagos with Standard Chartered Bank as gold sponsor.
For instance, while delivering
her keynote address at the conference, the Chief Economist, Africa
& Middle East, Stantard Chartered Bank, Razia Khan, said Nigeria
has biggest economic opportunities in the sub-Sahara West Africa
region, noting that the region is on track for a growth and recovery.
“2020 is a year of uncertainty due to
the global outlook, nevertheless Sub-Saharan West Africa region is on
track for a growth recovery with the biggest opportunities for Nigeria.”
Also speaking during the panel
discussion, Head of Trade and Transaction Banking, Nigeria & West
Africa, Standard Chartered Bank, Ibiyemi Okuneye, emphasised how
innovative digital solutions can be used to transform the entire value
chain for farmers and small scale businesses from the point of enhancing
farmers agric output and reducing post-harvest wastages, to creating
more efficient logistics services and ultimately providing platforms for
easy accessibility to financing opportunities.
According to him, Standard Chartered Bank continues to remain a strong market player in the trade finance space in Nigeria.
The bank said its engagement at such
industry events further cements its position as an expert on trade
finance trends and leader in providing innovative digital trade
solutions.
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