Shile Bamishile’s Post

𝐖𝐡𝐲 𝐈𝐧𝐭𝐫𝐚-𝐀𝐟𝐫𝐢𝐜𝐚 𝐓𝐫𝐚𝐝𝐞 𝐌𝐚𝐭𝐭𝐞𝐫𝐬 𝐍𝐨𝐰 𝐌𝐨𝐫𝐞 𝐓𝐡𝐚𝐧 𝐄𝐯𝐞𝐫 #Africa, with its 1.3 billion people and vast, diverse resources, holds untapped potential. However, only 15% of the continent’s trade takes place within its borders. Intra-Africa trade is the catalyst for a more resilient and prosperous Africa and here’s why: 1. Strengthening Economies: When African countries trade with each other, we reduce reliance on external imports and keep more wealth circulating within the continent. This builds stronger, more #resilient economies. 2. Creating Jobs and Opportunities: Expanding trade within Africa can drive the growth of small and medium-sized businesses, creating millions of jobs and empowering the very backbone of our #economies. 3. Fostering Unity and Cooperation: Intra-Africa trade promotes collaboration and mutual investment in our shared future, paving the way for greater regional stability and prosperity. By addressing infrastructure gaps, improving #tradepolicies, and fostering #collaboration, we can unlock the full potential of the #AfCFTA. It’s not just about trade, it's about transforming lives and economies across Africa. #intraafricatrade #Oilandgas #Energyandpower #Mining #Agriculture #Education #Manufacturing #Infrastructure #africaeconomicdevelopment #trade #tradeinafrica #invetagroup

🌍💡 The African economy is changing rapidly! From the lifting of the diamond embargo in CAR to the innovation of GIMPay in Nigeria 🚀, the opportunities are numerous 👏 #Innovation #Africa #EconomicDevelopment 🌟

Lessons for Africa from East Asia to Boost Economic Growth Africa's economic growth is projected at no more than 4% per annum over the next two years, which poses significant challenges for a continent where over one-third of the population lives on less than $2.15 a day. This stagnation, coupled with a population growth rate exceeding 2.5% per annum, means reduced government revenues and diminished purchasing power for citizens, further exacerbated by inflation. To navigate these challenges, Africa can learn three key lessons from East Asia: Mobilize Domestic Capital: Africa should reduce reliance on external financing and focus on tapping into its own wealth, such as the estimated $2.3 trillion in investment funds and pension funds locked overseas. Developing deeper capital markets can facilitate the pooling of domestic savings into productive investments, reducing the need for foreign borrowing. Enhance Food Security: Building public grain reserves and incentivizing farmers to produce staple crops is essential. By subsidizing seeds and fertilizers and providing minimum price guarantees, African countries can mitigate food insecurity risks and reduce dependency on imports. Accelerate Industrialization: Rapid industrialization is crucial for economic transformation. Investing in local manufacturing can help retain more value from imports and create jobs. Africa must strategically position itself to compete in a global market increasingly driven by technology and automation. Learn more: https://lnkd.in/dw_pHzyN. #Africa #Development

The World Needs a Dynamic Africa A few days ago, I had the honour of addressing an audience on the dynamic nature of Africa and its significant potential for the future. Contrary to outdated stereotypes that depict Africa as stagnant and unchanging, the continent is undergoing rapid transformation and holds immense promise. "Of the many stereotypes that we have to deal with in our quest to tell the full story of Africa, none are as grating as the ones that seek to portray Africa as a stagnant, unchanging, and predictable continent." We must challenge these misconceptions and recognise Africa's progress in various sectors. For instance, 41% of Africa’s machinery exports are traded within the continent, and the electric motorcycle industry is booming with innovative startups. "Africa’s share of global investment flows seems condemned to exhibit the same stagnant pattern. However, looking closely, Africa’s projected supply growth is among the highest in the world." The world needs a dynamic and united Africa. We must continue to collaborate, innovate, and push the boundaries of what is possible. Let us work together to harness Africa’s full potential and create a prosperous future for all. Read more about these insights and the vision for Africa's dynamic future in my full speech - https://lnkd.in/drFtTcUe #AfricaRising #Innovation #Sustainability #Leadership #DynamicAfrica

So poised and Targeted address to the World!!! YES, Africa has done well in some areas that needs #global #community to also #LOUD those #naratives. All we need is more and more #synergy. #Africamycountry #Globalcommunity #profyemiosinbajo #changeisnow #ecowas

In 2024, Africa is poised to dominate the list of the world's fastest-growing economies, with eleven African nations expected to be among the top 20. The African Development Bank forecasts robust growth for the continent, outpacing the global average, with real GDP growth projected to average 3.8% in 2024 and 4.2% in 2025. Despite global and regional economic challenges, Africa is set to remain the second-fastest-growing region after Asia! And that speaks volumes. Key drivers of this growth include declining commodity dependence, strategic investments, and rising consumption. The report underscores the importance of policy interventions and larger financing pools to sustain Africa's growth trajectory. And It highlights the need for cautious optimism due to risks such as geopolitical tensions, regional conflicts, and political instability. Structural reforms, fiscal consolidation, and investment in human capital are identified as critical strategies to accelerate economic diversification, strengthen the export sector, and build resilience to shocks. Additionally, long-term affordable financing and resource-based industrialization are emphasized to ensure sustained growth above 7% per year. There is still a lot of work to be done but one thing is for sure…. As of now…Africa is on the right path! -Ivan Morais #ivanmorais #meumerkado #africaneconomy #africanstats #africandevelopmentbank #africansolutions

Today, being Africa Industrialisation Day, we consider how industrial development has the ability to change economies, inspire innovation, and create jobs. Africa has made strides towards industrialisation, from expanding industrial hubs, more investment, infrastructure development, and policy framework work to major obstacles including energy shortages, a high reliance on imports, inadequate infrastructure, and a lack of knowledge. Though there is still much to be done to fully realise the continent's industrial potential, progress has been made in several areas. Governments, businesses, and international players working together will be essential as we commemorate this day. If this project is successful, the continent's economy may change and its place in international markets may be cemented. Let's acknowledge our accomplishments and strive for a more promising industrial future! 🚀 #IndustrializationDay #Africa #Manufacturing #Trade #Innovation #EconomicGrowth

🌍 Rethinking Africa's Economic Presence on the Global Stage! Despite being rich in potential, many African countries remain not included in the global top rankings when it comes to GDP. But let’s shine a light on the strengths that position Africa for future success! ✨ 1. Abundant Natural Resources: With vast reserves of minerals and energy resources, countries like Nigeria and Angola hold a significant place in global markets. 👩💻 2. Young and Dynamic Workforce: Africa has the youngest population globally, offering a vibrant and innovative workforce ready to tackle challenges and drive entrepreneurship. 📱 3. Technological Innovation: From mobile banking in Kenya to agricultural tech solutions, Africa is leading the way in groundbreaking technologies that promote financial inclusion and sustainability. 🤝 4. Regional Integration Efforts: Initiatives like the African Continental Free Trade Area (AfCFTA) are set to boost trade and economic collaboration across the continent, enhancing competitiveness. 💼 5. Growing Investment Opportunities: Global investors are increasingly turning their attention to Africa’s promising sectors, including renewable energy and infrastructure. As we look to the future, let’s recognize and leverage these strengths to elevate Africa's economic standing globally! Together, we can transform potential into progress. #Africa #Economics #GDP #PPP #Investment #Innovation #Sustainability #FutureGrowth #EconomicDevelopment #Entrepreneurship #NaturalResources #YouthEmpowerment #Trade #Technology #RenewableEnergy #Infrastructure #GlobalEconomy #AfricanContinentalFreeTradeArea

Having spoken at the ASBE (African Support Bureau of Entrepreneurship) event today on 'Entrepreneurship as a Goldmine, this talk by Prof.Yemi Osinbajo underscore the commitment we have as a company to support Africa's progress through entrepreneurship.