Nigeria and other African countries said they are exploring investment partnerships in the Caribbean to drive growth in different sectors of the economy including agriculture and renewable energy.
The call was made in Abuja on Tuesday at the ongoing African Caribbean investment summit organised by Aquarian Consult with focus on St. Kitts and Nevis.
Speaking on the theme: “Bridging Continents: Africa and the Caribbean: A Partnership for Prosperity”, the Group Managing Director of Aquarian Consult, Aisha Maina, said the summit was to strengthen economic ties and build bridges and investments between Africa and the Caribbean.
“Real transformation begins when partnerships are solidified. As such the summit will explore areas of partnership between Nigeria and other African countries with the Caribbean with particular focus on St. Kitts and Nevis,” she said.
In his remarks, the President of the African Export Import Bank (Afrexim), Prof. Benedict Oramah, lamented the impact of Africa’s investment in the global order, while attributing it to lack of collaboration between Africa and other regions.
Represented by the acting regional operations officer, Allen Bongo, the Afrexim president said, “Africa has 55 continents and 1.5 billion people, but global trade remains marginal as it Natural resources have been exploited and human capital exported to other stronger economies. Hence there is a need for collaboration with the Caribbean to boost economic growth in key sectors.”