According to a statement attributed to Nigerian Stock Exchange (NSE) CEO Oscar Onyema, the upcoming World Economic Forum (WEF) on Africa will be an opportunity for Nigerian enterprises to seek funding. The forum will address issues including: strengthening Africa’s leadership in the global economic environment, accelerating investment in frontier markets and scaling innovation. According to Mr Onyema, financing presents a key challenge in Africa, and NSE will seek financial access for companies of all sizes at the forum. He also reportedly argued that Nigeria commands a strong marketing bloc and has significant banking industry expertise, which he hopes will lead to a strong showing at the forum.
The forum will take place May 9 to May 11 in Addis Ababa, Ethiopia.
By Charlotte Newman, Research Associate
About World Economic Forum
The World Economic Forum is a Swiss nonprofit organization committed to improving the state of the world by engaging business, political, academic and other leaders to shape global, regional and industry agendas. Established in 1971 in Geneva, it is best known for its annual meeting in Davos, which is an invitation-only event that brings together chief executive officers from 1,000 member organizations as well as politicians, representatives from nonprofit organizations, religious leaders and the media.
Sources and Additional Resources:
Leadership: “World Economic Forum to Provide Financing Avenue for Companies- NSE,” http://leadership.ng/nga/articles/18907/2012/03/12/world_economic_forum_provide_financing_avenue_companies_%E2%80%93_nse.html
MicroCapital.org story, March 13, 2012, “MICROCAPITAL BRIEF: Lovonus Microfinance Bank Begins Operations in Nigeria’s Victoria Island,” https://www.microcapital.org/microcapital-brief-lovonus-microfinance-bank-begins-operations-in-nigerias-victoria-island/
MicroCapital.org story, February 7, 2011, “MICROCAPITAL BRIEF: Participants at World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Discuss Non-Payment in Andhra Pradesh, Consumer Protection, Microfinance Regulation,” https://www.microcapital.org/microcapital-brief-participants-at-world-economic-forum-annual-meeting-2011-in-davos-switzerland-discuss-non-payment-in-andhra-pradesh-consumer-protection-microfinance-regulation/
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