West Africa Trans- Regional Conference
Standard Bank (also trading as Stanbic Bank) will host the West Africa Trans-Regional Conference in Accra, Ghana, from 3-5 October 2016 providing its commercial banking clients and business entrepreneurs with an overview of opportunities in West Africa.
About the conference
The conference is targeted at clients who have an interest in expanding their operations or partnering with businesses within the West Africa region, helping them to identify accessible services and business opportunities across a range of sectors, and connecting them with like-minded business leaders and policy makers from across Africa and China.
Standard Bank’s commercial banking clients from Ghana, Nigeria, Angola, Cote d’Ivoire, South Africa as well as clients from southern and eastern Africa will take advantage of networking opportunities in a guided and informative environment.
Standard Bank, Africa’s largest bank, has an established and on-the-ground presence in West Africa, with local insight and cross-border capabilities to help clients be part of Africa’s emerging growth story.
Through hosting these types of conferences, Standard Bank is fulfilling its vision to play an integral role in driving growth on the African continent and demonstrating its commitment to commercial businesses and entrepreneurs.
Reasons to invest
Our invited delegates will be engaging with Standard Bank experts and leading policy makers on how to navigate, and benefit from, the commercial and business opportunities in Ghana, Angola, Nigeria and Cote d’Ivoire.
Here are a few insights on these key markets:
- Telecommunications - Telecom experts estimate that mobile phone ownership is approaching 16 million
- Real Estate - Improvements in consumer financing and mortgages in the banking sector add to the opportunity for residential and commercial real estate
- Industrials - Ghana has great potential as a car manufacturing country
- Services – Services such as information and communication technology (ICT) and health care are currently not meeting the growing needs of private sector businesses from SME to oil & gas
- Angola is Sub-Saharan Africa’s 3rd largest trade partner of the U.S.
- Angola is the 4th largest recipient of Foreign Direct Investment (FDI) in Africa (after Nigeria, South Africa, & Kenya) demonstrating the continued confidence in the country
- Infrastructure is the #1 source of FDI in the country outside of the oil industry
- Rebuilding infrastructure is one of Angola's two targeted economic goals, along with diversifying the economy
- Four of the six areas of targeted diversification are infrastructure heavy (Water & Energy, Extractive Industries, Oil & Natural Gas, and Housing)
Source: Corporate Council on Africa mailer dated 04 August 2016
- The International Monetary Fund (IMF) forecasts GDP growth to reach 8.5% in 2016 http://www.imf.org/
- Côte d’Ivoire has developed and diversified its agricultural sector through cultivation of coffee, rubber, cashew, fruits, cotton and palm oil http://www.howwemadeitinafrica.com/olam-cote-divoire-ensuring-steady-supply-produce-100000-farmers/
- Côte d’Ivoire is one of the largest economies of the Economic Community of West Africa States (ECOWAS) and represents around 40 per cent of the West African Economic and Monetary Union (WEAMU) GDP
- Cote d’Ivoire was Africa’s fastest-growing economy in 2015 thanks to solid growth in public investment and exports
- The country’s current political context introduces a democratic environment with regular elections and this encourages ease of doing business
- The People – With a population exceeding 160m at the last census, with over half of the population under the age of 25, Nigeria is ripe and prime for business ventures with a ready and willing market to aid trade
- Technology Explosion – With over half the population owning smartphones, the Nigerian market is at the cusp of exploding with high volumes of retail commerce, making it a desirable prospect for international investment
- Diversifying Economy – Recent efforts by the government to diversify the economy from solely extraction based to secondary processing and manufacturing provide a huge opportunity for partnership in the rewriting of the economic narrative of Africa’s most populous nation