Global trade and investment leaders agree agriculture is the most lucrative sector in Africa – GBF survey
Ninety-six (96) out of 158 trade and investment leaders across the globe agree to the fact the agriculture is the most lucrative sector to invest in on the African Continent.
This is per the survey conducted by the Dubai Chamber of Commerce & Industry and The Economist Group on investment flows into and out of Sub-Saharan Africa (SSA) particularly by the United Arab Emirates (UAE) in the run up to the Global Business Forum Africa (GBFA) scheduled for October 13 and 14 this year.
Per the findings of the survey, agriculture was adjudged the best sector for investment flows by trade and investment leaders putting the sector ahead of prominent sectors such as oil and gas, manufacturing and mining.
The retail sector, per the survey is the least lucrative sector to invest in on the Continent.
The sixth edition of the Global Business Forum (GBF) Africa will be held on October 13-14, 2021 under the theme Transformation Through Trade.
Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, this year’s Forum is organized on the sidelines of Expo 2020 Dubai, a mega event bringing together 173 countries and 24 international organizations.
GBF Africa 2021 will shed light on the global economic recovery following the Covid-19 pandemic and its effects on trade and business around the world. The high-level forum will take a closer look at Africa’s next phase of economic development in the Covid era and beyond, as discussions examine the role of cross-border collaboration in creating new business opportunities and driving sustainable growth across the continent.
As one of Dubai Chamber’s flagship business forums, GBF Africa promotes Dubai as a gateway for African companies that can be leveraged to expand their global footprint as it showcases the emirate’s competitive advantages.
The upcoming event builds on the substantial progress achieved by the previous five editions of the forum, which paved the way for new bilateral partnerships and economic benefits, he explained, adding that the timing of the event during Expo 2020 Dubai offers African companies an ideal opportunity to showcase their potential and boost their global reach.
Key topics that will be front and center at GBF Africa 2021 include the outlook for the African economies, the expected impact of the African Continental Free Trade Area, the evolution of global trade, the adoption of advanced technologies, and the role of innovation in strengthening capital markets, as well as promising investment opportunities emerging in a post-Covid-19 world.
The Global Business Forum series explores trade and investment potential in promising markets across Africa, the Commonwealth of Independent States (CIS), Latin America, and the ASEAN region.
Since its launch in 2013, the GBF series has welcomed 32 heads of state and government, 140 ministers and government officials, and 9,950 participants, including business leaders and executives from 65 countries around the world. More than 1,800 business meetings were held between UAE investors and their global counterparts.