Africa must be competitive, said Chike-Obi, Chairman of Fidelity Bank

Africa must be competitive and efficient in its areas of strength, according to Mustafa Chike-Obi, Chairman of Fidelity Bank.

Speaking recently on the sidelines of the AFREXIMBANK Annual meeting in Nassau, Bahamas, Chike-Obi emphasized the importance of focused and sharp leadership in harnessing the continent’s strengths to achieve prosperity.

He highlighted the need for Africa to identify areas of competitive advantage in producing goods and services efficiently to achieve its full potential.

He pointed out that success stories in areas such as sports demonstrate Africa’s potential to capitalize on its advantages. However, he emphasized the important role of collaboration and smooth interaction among African countries and regions for sustainable development.

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Its chairman urged increased integration to facilitate the movement of goods and services across the continent, stressing the need to work together to achieve common goals.

Chike-Obi also discussed the importance of prioritizing Africa’s strengths, such as electricity supply, through cohesive policies and agreements to drive economic growth. He emphasized the need for coordinated banking policies to promote financial integration within Africa and with external partners, and emphasized the importance of simplifying banking services and transactions.

The Chairman highlighted the African Continental Free Trade Area (AfCFTA) as a great opportunity for economic progress but called for more practical implementation to ensure its effectiveness. He underscored the importance of execution in translating policies into tangible results for African people.

Reflecting on the annual meeting and discussions on trade and investment, Chike-Obi reiterated the importance of collaboration for Africa’s progress, stressing that unity and joint efforts are essential to realizing the continent’s potential.

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