Published On: Fri, Sep 16th, 2016

West Africa defiant amid commodities slump

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soft_commoditiesFrom RUSSELL ADADEVOH in Accra, Ghana
ACCRA, (CAJ News) – CAPTAINS of the banking industry will converge in Ghana next month to discuss prevailing issues in the sector.

This is the second inter-Africa trade and business conference to be hosted by Standard Bank in 2016, coming a few months after a similar exercise in Kenya.

Keynote speakers include Dr Ekwow Spio-Garbrah, Ghana’s Minister of Trade and Industry; Dr Wenbin Wang, CEO of the Industrial and Commercial Bank of China (ICBC) Africa and Non-executive Director of Standard Bank Group; and  Olusegun Awolowo, CEO of the Nigerian Export Promotion Council.

Hervé Boyer, Chief Executive of Stanbic Bank Ivory Coast, will lead a discussion on the economy of country, market opportunities and challenges faced by commercial businesses.

The chief executives of Standard Bank’s operations in Angola, Ghana and Nigeria will lead similar discussions on their respective markets.

Delegates will also hear from Nigerian jurist and academic Dr Olajumoke Omoniyi Oduwole, Senior Special Assistant on Trade and Investment to the President of Nigeria, as well as Ghanaian business entrepreneur Michael Adubofour, MD and founder of Mike Adu Company.

Scheduled to take place on October 3 – 5, the West Africa conference is aimed at Standard Bank commercial banking clients from across sub-Saharan Africa who are interested in expanding their operations or partnering with businesses in the West Africa region across a range of sectors such as retail, infrastructure, agriculture, construction, manufacturing and
information technology.

It will draw delegates from Angola, China, Ghana, Ivory Coast, Nigeria and South Africa as well as clients from southern and eastern Africa.

Dr Manessah Alagbaoso, Head of Commercial Banking at Standard Bank Rest of Africa, says despite a slump in commodities, West Africa offers multiple avenues for investment and is home to some of the ten fastest growing economies in Africa, according to the International Monetary Fund’s World Economic Outlook 2016.

“Africa is alive with many possibilities if we look beyond the short-term challenges, and West Africa is definitely a region of focus. We are seeing good growth figures coming out of countries like Côte d’Ivoire and Senegal,” says Alagbaoso.

CAJ News

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