Afreximbank leads Investment Dialogue at fourth governments conference

By Robert Mutasi

The African Export-Import Bank launched the Fourth African Sub-Sovereign Governments Network Investment Conference, a hybrid event exclusively reserved for improving investment cooperation between Sub-Saharan African governments.

Under the overall banner of building stronger African institutions, the conference focused on the bank's drive for the development of credit ratings and the deepening of cooperation between countries.

The conference, held in the bustling heart of Kisumu, attracted scores of influential figures from the political and financial sectors of the region.

Among them was Afreximbank President Benedict Oramah, who spoke about the bank's new ways of financing and engaging collaboratively.

Oramah told his audience how crucial it is for African nations to understand their own economies and use that understanding to build regional policy and investment frameworks that are more robust.

"By creating these relationships and networks within sub-sovereign institutions, we are actually building a more resilient African economy," said President William Ruto. "Our banks have special insight into the dynamics at play on the continent, and it is through collaboration that we will find the most workable solutions to our unique challenges."

Those present included Treasury Cabinet Secretary John Mbadi, regional governors such as Anyang' Nyong'o of Kisumu, Gladys Wanga of Homa Bay, James Orengo of Siaya, and Ken Lusaka of Bungoma, among hundreds of Members of Parliament.

Their presence underscored the need for political will and good governance to create conducive investment paths.

Discussions ranged from the development of infrastructure to social investments, all in the quest to strengthen economic resilience across the African continent.

It also afforded regional leaders the opportunity to discuss and share experiences and best practices, ultimately fostering a collaborative environment that showcases the potential of Sub-Saharan Africa.

This conference takes place at a very critical time when the continent continues to battle various challenges simultaneously, including climate change, economic disparities, and the continuing effects of the COVID-19 pandemic.

Leaders reaffirmed commitments to harnessing local resources and expertise, advocating policies that could nurture sustainable growth.

As the event reaches its climax, the insights developed will, besides informing government strategies, give way to partnerships that are crucial in driving Africa's economic transformation.

The Fourth African Sub-Sovereign Governments Network Investment Conference stands out as a reaffirmation that together, and through enterprising leadership, Africa can surmount its singular pathways to prosperity.