Nasir el-Rufai, Governor of Kaduna State and Niyi Adebayo, Minister of Industry, Trade and Investment, are among the dignitaries attending the FIN Africa-UAE Trade and Investment Forum and the Forbes Best of Africa Energy Award sessions.
In a statement, organizers said the event began on Sunday, November 21, at the Burj Al Arab hotel in Dubai, United Arab Emirates.
The event will end on Wednesday, November 24.
The FIN event is a continuation of the UAE government‘s offer to promote emerging economies in Africa and serve as a platform for Africa’s ties to the world.
The event is a two-part program: the International Energy Forum is themed âThe Future of Energy and Extractive Industries in Africaâ while the theme of the Trade and Investment Forum is â The road to a prosperous Africa â.
Other participants in the current event include Zulfiquar Ghadiyali, Executive Director, Directions Investment Holding Company (DIHC); Beata Habyarimana, Minister of Trade and Industry, Rwanda; Ebrahim Patel, Minister of Trade and Industry, South Africa; Nike Akande; former Minister of Trade and Investment, Nigeria; Prakash Parmanand Hinduja, Swiss businessman of Indian origin, among others.
âThe Trade and Investment Forum will aim to stimulate greater inclusion among countries to accelerate the achievement of a prosperous Africa; act as an advocacy mechanism for the development of an incubation system of job creation for young Africans at the grassroots and impact on the participants improved know-how on the opportunities available for trade, investment and tourism, âthe statement said.
âThe highlight of the event is the FIN-Forbes Best of Africa award where deserving businesses, policymakers and entrepreneurs, including presidents of nations and ministers of oil in Africa and top personalities and companies in the industry oil and gas company, will be decorated with various awards and certificates. of honor.
Speaking about the event, Olayinka Fayomi, Chairman of the Foreign Investment Network (FIN), said: âThe impact of COVID-19 is estimated to drag African economies to a drop of around 1.4% of GDP, with small economies facing a contraction. up to 7.8%.
âSo, now is the time to turn 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. “
Fayomi said the international energy forum will showcase the latest inventions in the extractive industries and provide an opportunity for greater investment in exploration amid the challenges of global warming.
She added that there would be an exhibition area where extractive industries, technology, mining, inventions, software developers, gas exploration equipment manufacturers and multinational companies demonstrate their innovations. .