Africa’s Economy to Hit US$ 3 trillion by 2030 – Ernst & Young Report

Global leaders will descend on Dubai for the Africa Legal Network’s (ALN) 4^th Annual International Conference on 4-5 October 2017 at the Park Hyatt, Dubai, and UAE. The invite-only event will bring together high-calibre and relevant business professionals and government representatives to discuss opportunities for foreign investment in Africa.

The African continent is expected to grow to a US$ 3 trillion economy by 2030, according to Ernst & Young’s ‘Attractive Program Africa 2017’ report.

The strongest economies over the last two years have included commodity-importing East African countries such as Tanzania, Ethiopia, Kenya, and Rwanda while the West African economies of Côte d’Ivoire and Senegal have also emerged as star performers – presenting Gulf investors with new markets, ripe for investment opportunities.

The ALN conference comes at a time when trade between the two regions is at an all-time high. The UAE is Africa’s leading trading partner within the GCC, with approximately 80 percent of the UAE’s imports from Africa being primary products, such as food products and beverages. Total non-oil trade between the two regions is valued at about US$ 24 billion: a 700 percent increase over the last decade, according to the Dubai Chamber of Commerce.

With the UAE Minister of Culture, Youth and Social Development, His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, as the Guest of Honour, the conference will include a range of panels and talks from speakers with a deep understanding of working in Africa, including Former General Army and President of Nigeria, Olusegun Obasanjo and Director of Brenthurst Foundation, Dr. Greg Mills.

ALN Chairman and former Malian Prime Minister, Dr. Cheick Modibo Diarra, said that “African economies continue to be among the most resilient in the world and present unparalleled opportunities for foreign investment. The continent’s growth has recovered from recent global economic headwinds and the slowdown in 2016.”

Over 400 delegates are expected to attend the event, including senior government officials, stakeholder executives and key members of the international investment community. Topics discussed at the conference will include Africa’s risk landscape, private equity investing on the continent, Africa’s power and infrastructure sectors, financing, trends in real estate, family businesses, innovation, and technology, among others.