ALN hosted its 4th Annual International Conference at the Park Hyatt Hotel in Dubai last month, attracting over 300 business leaders and government representatives from around the world. The ALN international conference is held annually with the aim of connecting Africa to the international market and is regarded as one of the top conferences for investors looking to Africa. Each year, the Conference brings together top business leaders and professionals with deep experience of working in Africa.
This year, over seventy speakers discussed relevant topics focusing on Africa’s investment climate and what investors need to know about doing business across the continent. Panel sessions covered trending topics such as risk management, infrastructure, private equity, real estate and innovation, while giving investors a clear view of the opportunities, challenges, risks and rewards.
Former President of the Republic of Nigeria, His Excellency Olusegun Obasanjo led discussions on the untapped economic and investment opportunities the continent offers and urged investors not to focus on the past, but rather look to the future and remain optimistic about Africa’s prosperity. His Excellency Olusegun Obasanjo, together with co-author Dr. Greg Mills of the Brenthurst Foundation also profiled their book ‘Making Africa Work’, which offers a first-hand account of how to ensure growth beyond commodities and create jobs on the continent. His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Culture, Youth and Social Development for the UAE reminded the audience that human capital is infinitely more valuable than financial capital as Africa’s population is expected to double by 2050.
ALN Chairman and former Prime Minister of Mali, Dr. Cheick Modibo Diarra said, ‘opportunities are just limitless in Africa. Quite frankly, Africa is the only place where you can even hear of double digit growth because even in China now that has slowed down. It is really the last frontier but some people are still scared. People have been told about risks without being told that most of those risks can and have been mitigated long time ago. Investing in Africa is profitable.’
The conference also witnessed the signing of a cooperation agreement between the Dubai International Financial Centre (DIFC) Courts and the High Court of Zambia. The agreement not only strengthens the bond between the Gulf and the African continent, but also brings additional certainty to UAE companies operating in southern Africa.
Visit the conference’s website http://www.africalegalnetwork.com/alnconf/ for more information about this annual event.