ENBD signs up for Africa business forum
Dubai, April 28, 2013
UAE-based Emirates NBD, a leading bank in the region, has signed up as a key sponsor for the 'Africa Global Business Forum (AGBF) 2013,' being organised by Dubai Chamber of Commerce and Industry (DCCI) and Comesa Regional Investment Agency from May 1to 2 in Dubai.
Africa is fast becoming an economic success story with rising GDP growth outpacing most of the world, making the continent an attractive business proposition according to investment experts at ENBD.
This consistent upward trend has led to increasing interest in the upcoming AGBF 2013, they added.
“The UAE’s strategic location, state-of-the-art infrastructure development and excellent international connectivity, position it as the natural bridge between the emerging and frontier markets of the east and the developed markets of the west,” said Saif Al Mansoori, deputy head – Group Marketing & Branding, Emirates NBD.
"The growing global interest in the African economies presents an excellent opportunity to leverage the business potential in the continent," he stated.
Al Mansoori said Emirates NBD was ideally placed to assist in this regard given its commitment to financial education through their marketing.
"We are pleased to partner with Dubai Chamber for the Africa forum, as this underlines our commitment to supporting the UAE Government’s initiatives to further develop trade and business relations with Africa," he added.
Hassan Al Hashemi, the director of External Relations, DCCI, said the bank’s position as diamond sponsor of the Africa Global Business Forum 2013, reflected its role as a leading banking institution in the UAE.
"With the participation of more than 2,000 business leaders and decision-makers and more than 40 ministers, we expect the forum to be a success, especially during the interactive discussion sessions and bilateral meetings that can be used by participants to weave a wide network of business partnerships, to the benefit of the business communities in both the UAE and across the African continent," he added.
Several speakers from the bank’s Wholesale Banking and Wealth Management divisions are expected to participate at the forum, to highlight the key role that Emirates NBD can provide to investment initiatives in Africa.
Giel Jan Van der Tol, the general manager, Wholesale Banking will be one of the speakers on the TV Debate on “Bridging the Continent,” focusing on the prospective sectors for investment and business success and the challenges that must be overcome to build win-win partnerships.
Building on the idea that inter-African trade presents immense potential for growth with the continent’s share of global trade currently accounting for three per cent, Samir Sahu, the deputy GM, Transaction Banking, will participate in the panel discussion on: ‘Dubai as the hub for trade with Africa.’
Mahdi Kazim, GM – Large Corporates & Global Banking, will highlight Emirates NBD’s capabilities as the preferred banking partner for financing successful business growth in the continent.
Touching upon the crucial subject of food security and investment, Mark McFarland, the chief investment strategist – Private Banking, will discuss how Gulf investments can trigger the growth of agro-processing on the continent and highlight the opportunities offered by integrated African markets in the agriculture sector.-TradeArabia News Service
More Finance & Capital Market Stories
- Qatari oil, gas to have limited impact on GDP
- Xerox Emirates, Asseco offer banking solutions
- Omani bank rolls out home finance products
- NBAD steps up hiring ahead of Expo boom
- Acuma names new UAE head
- Qatar says no plans to issue international debt in 2014
- Motivation 'is crucial for growth'
- Islamic banking ‘sustainable way forward’
- Top Swiss group acquires Merrill Mideast units
- AAIB unit starts crisis assistance travel service