Preparatory to the Africa-UAE Trade and Investment Forum, organisers of the forum have urged Nigeria and other countries to use the platform for trade linkages.
According to the Foreign Investment Network (FIN), a global consulting and publishing firm, under the patronage of Sheikh Tahnoon Al Nahyan with the support of the Dubai government, the forum is aimed at stimulating wider inclusiveness between countries to speed up actualisation of prosperous Africa.
The FIN Africa-UAE Trade and Investment Forum scheduled to hold from, November 21st – 23rd, 2021 at the Burj AL Arab, Dubai, United Arab Emirates, with the theme; “The road to a prosperous Africa”, equally acts as advocacy machinery for the development of job creation incubation system for African youths at the grassroots and impact on the participants improved know-how on available opportunities for trade, investment and tourism.
According to the Chief Executive of FIN, Olayinka Fayomi, “it is estimated that the impact of COVID-19 would drag African economies into a fall of about 1.4% in GDP, with smaller economies facing a contraction of up to 7.8%. So, it is time to turn to trade and investments to help build better bilateral trade and investment platforms and boost the economy as well as increase productivity and export capacity.”
On his part, Executive Director, Directions Investment Holding Company (DIHC), Zulfiquar Ghadiyali, said: “I am looking forward to the high-level networking, especially the one-to-one business meetings between decision-makers and top executives and entrepreneurs from all parts of the world.”
Despite the global economic contraction as a result of shocks from the COVID-19 pandemic, the African continent is set for a huge economic transformation in the energy sector”, says Fayomi, adding that the international energy forum will expose the latest inventions in the oil and gas technology and provide an opportunity for greater investment in oil and gas exploration amidst the challenges of global warming.
Expected key participants at the trade and investment forum include; President Cyril Ramaphosa of South Africa; President Emmerson Mnangagwa of Zimbabwe; President Felix- Antoine Tshisekedi Tshilombo, of the Democratic Republic of Congo (DRC), who is also Chairperson of the African Union; Majid Saif Al Ghurair, Chairman Dubai Chamber of Commerce; Zulfiquar Ghadiyali, Executive Director, Directions Investment Holding Company (DIHC); Beata Habyarimana, Minister of Trade and Industry, Rwanda; Adeniyi Adebayo, Minister of Industry, Trade and Investment, Nigeria; Ebrahim Patel, Minister of Trade and Industry, South Africa amongst others.
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