Africa's Economic Growth: Expert Highlights Key Strategies and Dubai's Role

Africa's Economic Leap: Expert Insights on Trade and Market Expansion Ghana – Ibukun Awosika, a prominent African entrepreneur and convener of the Transformational Initiative for Women's Leadership Conference (TIWLC), recently shared her perspective on Africa's economic future during an interview on Channel One TV's Breakfast Daily program. Awosika emphasized the critical need for increased exports to bolster Africa's foreign exchange reserves and shift the balance of trade in its favor. "About 90 percent of our productive sector is in small, medium-scale businesses," Awosika stated, highlighting the challenge of scaling these businesses to compete internationally. She pointed to the African Market Place in Dubai as a promising solution, describing it as an "aggregated platform" designed to connect African and Caribbean brands with global markets. Awosika's insights underscore the importance of collaborative efforts and strategic partnerships in driving economic growth for the continent. The interview also touched upon the African Union's recognition of the Caribbean as an extension of Africa, suggesting a potential for significant intra-regional trade. Awosika's vision for a larger-scale market for people of African descent worldwide is a testament to the potential for economic empowerment and collaboration.