“Why Nigeria, Others Should Take Advantage of Africa-UAE Forum to Build Bridges” – Business – The Guardian Nigeria News – Nigeria and World News
In preparation for the Africa-UAE Trade and Investment Forum, forum organizers urged Nigeria and other countries to use the platform for trade links.
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 government of Dubai, the forum aims to stimulate greater inclusion among countries to accelerate the achievement of a prosperous Africa. .
The FIN Africa-UAE Trade and Investment Forum, to be held November 21-23, 2021 at the Burj AL Arab, Dubai, United Arab Emirates, with the theme; “The Road to a Prosperous Africa”, also acts as an advocacy mechanism for the development of a job creation incubation system for young Africans at the grassroots and has an impact on participants better know-how on the opportunities available for trade, investment and tourism.
According to FIN Managing Director Olayinka Fayomi, “It is estimated that the impact of COVID-19 would drag African economies into a drop of around 1.4% of GDP, with small economies facing a contraction of up to 7%, 8%. So now is the time to look to trade and investment to help build better bilateral trade and investment platforms and boost the economy as well as increase productivity and export capacity. “
For his part, the executive director of Directions Investment Holding Company (DIHC), Zulfiquar Ghadiyali, said: from all parts of the world.
“Despite the global economic contraction due to the shocks of the COVID-19 pandemic, the African continent is poised for a huge economic transformation in the energy sector,” Fayomi said, adding that the international energy forum will exhibit the latest inventions in oil and gas technology and offer a greater investment opportunity in oil and gas exploration amid the challenges of global warming.
Key participants expected at the trade and investment forum include: President Cyril Ramaphosa of South Africa; President Emmerson Mnangagwa of Zimbabwe; President Félix-Antoine Tshisekedi Tshilombo, of the Democratic Republic of Congo (DRC), who is also President of the African Union; Majid Saif Al Ghurair, President of the 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 among others.