Although Nordic investors have historically approached Africa with caution, there are signs that this trend is shifting.
- For example, bilateral trade between Norway and Africa has grown from $3.1 billion in 2018 to $5.2 billion in 2022, marking a 68% increase.
- Africa seeks strategic partnerships to foster the continent’s economic growth, enhance its political identity, and bolster its global standing.
Investors from Ireland and Nordic countries are encouraged to consider Africa a promising destination for their investments, as the continent holds significant growth potential.
This call comes after an official visit by Prof. Kevin Chika Urama, the Chief Economist of the African Development Bank Group, to Denmark, Finland, Ireland, Norway, and Sweden.
The African promise
Prof. Urama noted that Africa’s projected population boom, which could make it the world’s most populous region by the end of the century with up to 3.4 billion people, presents substantial business and …
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