Nordic Businesses Keen to Invest in Africa Ahead of Innovation Conference in Helsinki

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Investors from African and Nordic nations are set to convene in Helsinki for a high-profile event known as the African Nordic Business Conference. The affair seeks to provide a forum for building sustainable growth by pairing the proven innovation and knowledge transfer credentials of the Nordics with the extensive growth and business potential in Africa, for the mutual benefit of both regions.

Nordic countries generally refer to Denmark, Finland, Iceland, Norway and Sweden.

The event, which is slated for November 22nd, 2018, will bring together change agents connecting business representatives, impact investors, accelerators, start-ups, government bodies and other ecosystem operators.

“Africa is open for business, and Nordic companies can make the most of its investment opportunities,” Asoko Insight, a business-oriented platform said in a statement ahead of the event. The firm’s CIO, Obi Ejimofo, will be speaking about innovation in Africa at the upcoming conference.

The Conference, which follows a similar event dubbed the Nordic-African Business Summit that was held on 8th November, 2018, comes at a time when Nordic companies are well positioned to take part in Africa’s sustainable ‘blue’ opportunity, especially in the maritime and energy sector. About 90% of Africa’s imports and exports are conducted by sea.

Africa has been described as the continent of opportunities. The region is projected to have a population of 2 billion people by 2040. Africa also boasts some of the world’s fastest growing economies and more conducive business environments.

According to the event’s organisers, forward-looking players in the Nordics are pivoting away from a merely developmental role in the continent toward exploring joint opportunities for trade, innovation exchange and new forms of collaboration.

Under the theme ‘Sustainability and Access’, African-Nordic Business Conference (2018) is aimed at combating climate change, boosting financial inclusion, and providing opportunities for on-the-spot face-to-face meetings with business leaders, financial tech stakeholders and other relevant investors.

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