Africa is on the verge of a significant economic renaissance. According to reliable sources, 5 of the 8 fastest-growing economies are expected to be in Africa, and by 2050 over 1 in 4 global consumers would be African. These numbers are a proof of that Africa’s economic landscape is taking a quantum leap; a rather appealing message to the rest of the world, signalling an invitation that Africa is open for business.
That corresponding effect of this can be seen from the exponential increase in the frequency of foreign visits to the continent. From high net-worth individuals, captains of industry, corporate giants, and government representatives from leading economies around the world, all showing a great amount of interest in the continent’s economic potential.
In the face of this rapid economic shift, we have decided to stand as a bridge between African businesses and potential foreign investments. As an organization dedicated to positioning African for profitable partnerships that will promote economic growth, we have created a platform that will help facilitate commercial and trade deals, leading to increased investment opportunities between the US and Africa.
This is what the LGS2020 is all about – enabling access, influencing connections, fostering networks and building profitable channels of revenue for African businesses and their global partners.
The initiative also aims to bridge the existing gap between established industry giants, and younger entrepreneurs. A synergy that will prove most useful toward the establishment of a holistic afro-commercial ecosystem in the coming years.
LGS2020 is a call to collaboration, support and partnership, for all who love Africa and seeks the economic and industrial growth of the continent. It is also an invitation to Africans in Diaspora to take advantage of this novel opportunity.
The conference, through panel discussions and plenary sessions, will focus on these four important goals:
1. Nurturing and strengthening long term business relationships between US and Africa
2. Opening up channels of sustainable business opportunities
3. Supporting growing African businesses
4. Fostering mutual business interests
5. Building a formidable ecosystem of trade and investment, that will enhance ease of doing business between the United States and Africa.
We will work with the support of partners from Start-ups, SMEs, the Private Sector, Government Agencies, Donor Agencies, Angel Investors, Private equity firms, Technical Partners, Public-Private Partnership units of States and Countries, Trade and Investment divisions of embassies, Africans-In-Diaspora, amongst others, in actualizing this vision.
African economies are about to experience a great turn around, with trade and investment as leading contributory factors. We look forward to successful trade deals being brokered, channels of investment opportunities created, exchange of ideas, as well as bonding handshakes signifying shared values, trust, and commitment.
Here’s to a better future for us all.
I welcome you to premier edition of the Legacy Business Summit.