Asia-Africa Economic and Investment Forum, Tokyo, Japan

 

Covid-19 has strained Africa’s health systems, education, aviation, culture, trade, and general livelihoods as well as the continent’s public and private sectors amid lockdowns, stifling sources of income.

IMF has revised its GDP growth forecast for the continent from 5.1 before the pandemic to -1.6%. Similarly, the World Bank made a similar forecast that indicates a decline from 2.4% in 2019 to between -2.1 and -5.1% in 2020. The economic impact has been enormous and continues to bite even further.

In a move to reposition Africa’s economy in this Covid-19 pandemic era as well as the post-Covid-19 era, Globe Chambers of Commerce and Industry is putting up the Asia – Africa Economic and Investment Forum 2021.

Asia-Africa Economic and Investment Forum will be a networking point for Asian and African investors as Globe Chambers of Commerce and Industry is proposing that the best way out of the global economic crisis is multiple and strategic collaborations.

Hon. Nwabueze Buchi George, the president of Globe Chambers of Commerce and Industry, in an announcement about the event, said strategic partnership is key to global development at the moment.

Hon. Buchi George said that Globe Chambers of Commerce and Industry has strategically looked into what Africa and Asia can mutually offer each other and there is a whole lot in various sectors.

“Economically, Africa needs to be great again and while the Covid-19 pandemic is still on, we need to put down viable recovery plans that can be kicking off any time. 2021 is a good time for us and we believe by then, everywhere will open up for us and other organizations working hard to make the world a better place” Hon. Nwabueze Buchi George said.

It will be held in Tokyo, Japan in the year 2021.

Euro Africa Economic and Investment Forum 2021

Euro -Africa Economic Forum is a yearly business and economic event designated to bring business individuals, Trade leaders, stakeholders of both Europe and African extraction together to partner and explore trade and investment opportunities.

The objective of this Economic Forum is to promote and strengthen collaboration and existing opportunities in Africa and Europe, and make available a platform for government representatives, investors, private sector representatives, and financial institutions from Europe and Africa to explore investment and business opportunities in both sides as well as mitigate the challenges of COVID-19 which undermines economic prospects.

This Economic Forum is one of the most concrete and important steps of the value Europe attaches to African countries and its efforts to develop and deepen the relations with the African Continent. 

The Euro – Africa Economic Forum will help to boost Africa’s economy:

• create innovative and compelling modern businesses;
•  increase the capacity for these businesses to compete regionally and globally;
•  attract both domestic and foreign investment and diversify investor profile;
• Contribute significantly to job creation and economic growth.
• Enabling and enhancing entrepreneurship and innovation across Africa.

The Euro- Africa Economic Forum is powered by Globe Chamber of Commerce and Industry.

TAIWAN AFRICA ECONOMIC AND INVESTMENT FORUM

In another move to reposition Africa’s economy in the Covid-19 pandemic era as well as the post-Covid19 era, Globe Chambers of Commerce and Industry is putting up the Taiwan – Africa Economic and Investment Forum 2021.

With the Nigerian version of the event failing to hold early 2020 due to Covid-19 restrictions, the organization is stepping it up in a bid that other African countries will benefit from its dividends.

Taiwan – Africa Economic and Investment Forum will be a networking point for Taiwan and African investors as Globe Chambers of Commerce and Industry is proposing that the best way out of the global economic crisis is multiple and strategic collaborations.

Hon. Nwabueze Buchi George, the president of Globe Chambers of Commerce and Industry, in an announcement about the event, said strategic partnership is key to global development at the moment.

“Covid-19 has shown us few things. We have learnt a few lessons that the most important thing is humanity and every sustainable plan that will make us live well in a good environment. I feel we’ve also come to understand during the lockdown that we are all patches of islands, but together, we are the world”

“No nation has everything, so we all need to get other things in a way that will be mutually beneficial to all of us”, he said.

He revealed that in Asia as well as the global economy, Taiwan has always been one of the key players whom Africa can learn a lot from in terms of industrialization, human capital development and strategic planning.

Hon. Buchi George said that Globe Chambers of Commerce and Industry has strategically looked into what Africa and Taiwan can mutually offer each other and there is a whole lot in various sectors.

“There is a reason we expanded this programme to Africa. We understand that the economy of one’s neighbours can affect his own, so we believe that if we look beyond Nigeria to develop the entire African content, we will be getting it right”

“Economically, Africa needs to be great again and while the Covid-19 pandemic is still on, we need to put down viable recovery plans that can be kicking off any time. 2021 is a good time for us and we believe by then, everywhere will open up for us and other organizations working hard to make the world a better place” Hon. Nwabueze Buchi George said.

POLAND AFRICA ECONOMIC FORUM

In a bid to promote Trade and Investment in Africa, Globe Chamber of Commerce and Industry in Partnership with Government of Poland will be organizing the Poland Africa Economic Forum.

Poland and Europe's political interest in Africa has been greatly revived and Poland is viewing Africa as a realm of opportunities where a number of economies are developing very fast and the African middle class is experiencing rapid growth. The determining factors for Trade and Investment flows are beginning to change. 

The Poland Africa Economic Forum is going to serve as a platform or new instrument to promote Investment in Africa. African states needs to implement reforms to improve the environment for investment and also encourage private investors to engage more strongly in Africa

Also it will create an enabling environment for initiatives in te area of development and Trade between both parties

This forum will be of mutual benefit to both parties because it will also help Poland to strengthen its position in Africa, a continent with strong economic growth in many regions and rapidly growing population (middle class). Africa is set to play a large economic and political role in the world.

JAPAN_AFRICA ECONOMIC FORUM

As part of the economic recovery plans for the continent, Globe Chamber of Commerce and Industry has scheduled japan-Africa Economic Forum to hold from April 25th to 30th, 2021.

The event according to the organization will Fastrack a large volume of bilateral trade between African countries and Japan, one way they are working towards seeing Africa bounce back to greatness after the devastating effects of covid-19 pandemic on global trade especially.

With the event fixed for April 2021, the president of Globe Chambers of Commerce and Industry, Hon. Nwabueze Buchi George, believes that the proposed date will be a great time to have the event, adding that he believes that by then there would have been a medical breakthrough that will ensure participants are not put n any form of danger.
“We need to open the world up with ideas”, Hon. Buchi George said, while speaking from Abuja Nigeria. He further stated that one of those ideas is to find ways nations and continents can partner to achieve a greater common good.

“Japan is a great nation and can offer us a lot, while we can do same for them. We’re working on a union that will encourage trade, investments and economic development in both ways and working with appropriate authorities in several African countries is one thing we are doing at the moment and we’ll be announcing a lot of participating nations before the time of the event”

Japan – Africa Economic Forum is one of the programs lined up by Globe Chambers of Commerce and Industry as the organization look to also connecting with other nations of the western world where they believe Africa can network for economic development.

KOREA AFRICA WORLD ECONOMIC AND INVESTMENT SUMMIT

The Korea-Africa World Economic and Investment Summit is being organized by Globe Chamber of Commerce and Industry in partnership with various African Countries. It will serve as a major policy initiative to drive a mutual beneficial relationship aimed at further development between both parties. During the Summit, major consultations will hold between government officials and stakeholders from both parties.

It will attended by the following set of persons;

    Government officials from Korea and Africa

    Government organizations

    Private sector,

    Academia,

and Media, to serve as a comprehensive platform for promoting a mutually beneficial partnership between Korea and Africa.

This summit will be beneficial to Africa because it can help to build a wider base partnership for Africa's development by crafting state strategies.

It will also increase business and trade opportunities

This Korea-Africa World Economic and Investment Summit will give Africans the opportunity to expand and explore beyond the shores of Africa in search for better insights to trade and how to successfully grow their businesses and connect with the outside world.

It will also help create investments and trade opportunities among nations and facilitates economic recovery through;

* Reformed and advanced economic cooperation and trade meetings

* Business Expo

* Trade Exchange

* B2B and G2G

* Infrastructural and Industrial Forums

This Summit is billed to hold in 2021 in Seoul Korea and will be attended by over 30 African countries

Speech by Hon. Buchi George on the THE MOST IMPORTANT TURNING POINT for a woman DG of WTO

In a webinar put together by Phumza Dyani, founder, Pan African Network for Investment and Development (PANfID), that majorly focus on the implications of an African woman DG of the World Trade Organization. Hon. Nwabueze Buchi George, ESQ, LLB, MBA, JP, got the following to say:

COURTESY:   First of all I want to thank Phumza Dyani and everyone she is working with to put up this wonderful webinar. It is a wonderful one and it is also important to note that this is an important time for the entire African continent to come together and think of what we can do to ensure that what we are practicing is the true definition of trade with other continents.

I also appreciate my fellow speakers in the webinar and also gladly welcome every single participant because you are once making this event what it is.

 

Question:     what’s the Most Important Turning Point in the Forthcoming                                                       WTO Election?

Hon. Nwabueze Buchi George:   African has evolved and we will keep growing to the level where Africans will make great exploits in the continent and not just in Europe and America. We are filled with potential to create, organize and to lead, which means if we can stand together, nothing can stop us. Africa has once changed the world when we provided mineral resources and manpower to many great nations who they are today. We are still who we are, strong, rich, wise, powerful and can again be the rallying point for world trade, but not in exploitation for aids, but in pure trade like the continent has never seen. This is one thing an African WTO DG can help us achieve. The most important turning point is not when we will cast the vote; it is who will cast the vote, but how we understand that this is not just race for one out of 1.216 billion person in Africa to hold a WTO Director General Position, but a race for the entire continent and those in the Diaspora to move the continent to a great height.

 

Question:      Is Trade Not Aid The Answer For Africa?

Hon. Nwabueze Buchi George:   As an international trade expert, I believe that most cases what some African countries do in the name of trading is to aid the development of foreign countries, who then pay us just a little to aid our survival. With mismanaging factors taken note of, Africa has never gotten what it deserved in the world trade circle and the simple reason is that the ignorance and greed of our leaders has been encouraging the leaders of the World Trade Organization and other related bodies to turn their face the other side, when something is going wrong here.

With the candidates we have in this race, we believe they will be changing a lot when one of them wins. With Africa as the head of WTO, we are sure to open eyes that have been shut. We are sure to turn heads that have been facing the other way and we are also sure that Africa can thrive on the true definition of trade where Africa can be involved in mutually beneficial trade with whosoever that is involved in it. Again, I also believe that with an African DG of the WTO, it will also be a wakeup call for reigning and emerging African leaders who have in the past been involved in trade agreements that would be termed funny in most cases.  Trade to me is a balanced and mutual give and take situation and not one where the ‘bigger party’ per say, leverages on the desperation of the other party to exploit them and then sends them aids in return.

Why do you think most western nations are coming back to Africa? Why do you think everyone is fighting to win the soul of the most prosperous African nations? Why do you think Africa is always coming up in discussions like a new world? Why do you think the west is still interested and haven’t they finished the resources in Africa?

They understand the position of Africa at the moment. Our best brains want to leave the shores of this continent and it is also the same for our best resources; they must travel abroad, refined and then brought back more expensively for us to buy. These things can change if we have the right persons ensuring the right things are being done when it comes to trade in the continent. Having championed trade summits between Nigeria and many countries, I have come to understand what they want and how they want it. Africa needs a strong voice and this is the right time for us to make that move.

 

Question:      Quality of The Africa Representatives Being A Neural Party For The                                            Post Of A DG In WTO

Hon. Nwabueze Buchi George:    So far, our candidates are good for the job. Dr. Ngozi Okonjo-Iweala and Amina Chawahir Mohamed Jibril are great individuals who can walk in and make a great difference in WTO.  With their qualities, Africa will not be chasing these positions by sentiment, but by merit. All we have to do is ensure that they receive all the necessary support that will enable them to go far in the race. African candidates at the WTO are neutral and this means they can repair the damaging global trade relationship we are witnessing at the moment. Some of the candidates have had experience in fixing damaged economies and that is what they will be inheriting in the Covid-19 and post-Covid19 era. We must not also overlook the qualities of the other candidates and who is backing them. We must put that into consideration and ensure that we do everything possible to play in the best ways and if it ever comes to putting all our eggs in one basket, we will have to do that to ensure our votes are not divided when others strategically have theirs intact.

 

Question:       What Would You Say About The Africa Representatives Being                                                        Women, “The Woman Factor”?

Hon. Nwabueze Buchi George: There is an African adage that says "Train a man and you train an individual but if you train a woman, you train a nation, Empowering women is one great way to empower the world, because no one connects to everyone in the world more than women. The woman and African factor is huge for the continent at a point where women empowerment and gender equality is among the most discussed issues when we gather. The world can only be what it is supposed to be when we all join hands to complete the circle of life, innovation, leadership, trade and development. It is so sad to say that the poor participation/exclusion of women in these circles of life has prevented the world from making a complete circle. Without women participation we will have arcs scattered here and there. Women make us complete and their contribution to the development of the world could be the missing link and this has always been there before us.

I feel that should one of our candidates win, they will be inspiring more than a million others to aspire to be who they want to be. The history they will be making will also be there to inspire millions of others globally to dream and achieve great things that will make the world a better place for us all.

Question:      Your Final words?

Hon. Nwabueze Buchi George:  Dr. Ngozi Okonjo-Iweala and Amina Chawahir Mohamed Jibril can win and back here in Nigeria, they have our blessings. We want to see one of them win; we want to see trade flourish in Africa and hopefully through one of them Globe Chambers of Commerce and Industry will  organize a joint trade, economic and investment programme that will further encourage investments in Africa and also show Africans how they can explore in other parts of the world.   We are optimistic. Thank you.

Asia -Africa Trade Convention

Asia is Africa's largest trading partner and the recent boom in developing countries commerce between Africa and Asia explains the rise of south-south trade. These trade flows are currently being spearheaded by China, India and Indonesia who has shown increased appetite for African commodities. Africa too greatly depends on manufactured goods from China, Vietnam e.t.c. As the global market becomes more fused together, a lot is at stake for the economic welfare of those of us in Africa.

South Africa and Nigeria together accounts for over 55 percent of the entire continents economic activities. Africa's exports to Asia have not yet significantly contributed to sustained widespread export diversification whether in trading partners or exports. Although the boom in natural resources exports to China and India is providing short-term benefits, African countries need to strategies to leverage the current export explosion to create opportunities for long-term economic benefits. Recently, India that used to be the highest buyers of Nigeria's Brent crude has dropped to second place behind Spain as a result of the effects of the covid 19 pandemic in the country.

Twenty years ago, prices for Africa's leading commodity exports have increased significantly. this happened as a result of the rapid growth of asia's developing countries, China and India. Also, the desire for manufactured goods from China and India has also risen significantly because Chinese goods and commodities are more affordable for majority of the middle class Africans as compared to American and European commodities. These demand changes creates important opportunities for Africa's businesses to increase and diversify exports. it has also created an opportunity for African Entrepreneurs to extract more value locally by further processing commodities before exporting them.

The Asia-Africa Convention being organized by Globe Chamber of Commerce and Industry, will address issues to change the status quo of Africa's export to Asia from petroleum and non-oil minerals to other processed commodities. Currently, Africa's export of oil and natural gas accounts for over 60 percent of its total export, followed by ore and metals. Meanwhile, Africa imports mainly more value added commodities like textiles, electric machinery and equipment, gadgets and consumer products like drugs, cosmetics e.t.c.

Also, this convention will help to facilitate improved market access for low-income countries. This can be achieved through the lowering of industrial countries multilateral tariff and non tariff barriers on Africa's product which will in turn increase our exports significantly.

Another issue that will be addressed is the lack of trust, infrastructure, understanding and systems that will handle African risk in Asia based banks.

This convention lastly, will help to bring about the African Continental Free Trade Agreement (AfCFTA)'s which will help Africa to achieve the economic growth that will turn the continent to a successful one and increase the welfare and quality of life of everyone.

Further information and date for the convention will be communicated soon

Japan Africa Economic Forum

Africa is seeking to diversify the range of its trade partners in Japan just as much as the Japanese government is also trying to do. Japan has been the biggest Asian project finance sponsor in Africa over the past few years. Tokyo is encouraging the expansion of Japanese SMEs and startups in Africa and the number of big Japanese investment firms investing in Africa is also increasing.

Globe Chamber of Commerce and Industry in Partnership with the Japanese Government presents the Japan-Africa Economic Forum. The Japan-Africa Economic forum aims to further strengthen trade and Investment relations between Africa and Japan

Recall that President Muhammadu Buhari was in Tokyo, Japan last year during the 7th Tokyo International Conference for African Development (TICAD 7) were both countries came to an agreement to further deepen and extend trade relations between both nations.

Considering the fact that Nigeria is among the fastest growing economies of the world, many Japanese companies are interested in investing into Nigeria with the main aim of securing strong economic ties with not just Nigeria but Africa as a whole. Currently, the two biggest sectors for Japanese investment in Africa are minning and hydrocarbons, particularly in Mozambique, where Mitsui & Co has invested billions of yen in coal and gas projects.

Japan currently has a balance-of-trade advantage over Africa. Its exports to Africa in 2015 alone was valued at $11.6 billion, while imports were valued at $8.5 billion, according to the Japan External Trade Organization. 

The japan -Africa Economic Forum will be an eye opener for other business ventures between both parties.

The Japan-Africa Economic forum will be a 6 days serious business of fashioning ways to transform Africa'a economies and improve political stability for Africa and will feature exhibitions, B2B meetings, business cocktail, trade conference, business conference and bilateral trade agreement activities.

Australia Africa Economic Forum 2021

According to a joint submission to the senate standing Committee on Foreign Affairs, Defense and Trade inquiry into Australia's trade and Investment relationships with African countries, the Australian Trade and Investment Commission (AUSTRADE) and the Department of Foreign Affairs and Trade (DFAT), Australian companies has to increase trade engagements with Africa. Hence, the Australian Government is committed to a long term ties of friendship and cooperation with the countries of Africa and is acknowledged as a valued partner.

Africa has been described to be the frontier of the global economy and Australia’s business and investment interests in Africa are worth over tens of billions of dollars. Its not just about the resources sector either-Australian involvement in African economies in increasingly reaching into other areas including education, health and the arts

Globe Chamber of Commerce and Industry will be organizing the Australia-Africa Economic Forum. It will be done in partnership with Austrade, DFAT and state governments of Australia to identify and promote business opportunities and also advocate for a predictable market-oriented operating environment. 

It will be a public private Joint partnership for the purpose of business growth and development between countries in both continents with emphasis on Foreign Direct Investment, project development, Trade, Investment that will bring about an increase in the African Economy.

Participants and Businesses that get involved will have the opportunity to raise their business profiles, they will also be exposed to knowledge sharing between both continents and meet with potential international business partners

For both Governments, the Economic Forum has the following advantages

Strengthening government-to-government engagement

Expanding economic diplomacy 

Fostering stronger private sector linkages 

Addressing business risk factors in Africa and Australia

The event will be held in Sydney, Australia and will be a 6 days event from the 26^th to the 30^th of May 2021.

TRADE MISSIONS AND PROJECTS OF GLOBE CHAMBER OF COMMERCE FOR 2021 PART 1

Here are a list of projects and Trade Missions to be embarked upon next year to enable Nigeria and Africa to bounce back from the negative effects and impacts of covid 19. The areas to be covered will range from Asia to Europe as well as Australia.

Number one on the list is Czech-Africa Economic and Investment Forum

The next destination will be New Zealand where the New Zealand Africa Economic Forum will take place

Third on the list is Japan where the Japan Africa Economic Forum will hold

After Japan, Taiwan- Africa Economic Forum will commence

And the last to be looked into for now is the Israel Africa Economic and Investment Forum that will take place in Israel.

These programs will be organized by Globe Chambe of Commerce and Industry, in partnership with Trade Nigeria organization, the federal and state Governments of Nigeria and Governments of other countries involved.

The Most Important Turning Point – WTO

President of Globe Chambers of Commerce, Hon. Nwabueze Buchi Goerge alongside other Africa’s top and influential business executives and strategists will speak at a webinar that will review the role Africa must play to produce the next leader of the World Trade Organization WTO.

The webinar which is put together by Phumza Dyani, founder, Pan African Network for Investment and Development (PANfID), will majorly focus on the implications of an African woman DG of the World Trade Organisation.

According to a LinkedIn post by Phumza Dyani, “This one is a great one for the Continent! We need to rally behind the nominees and make sure the appointment comes to Africa. Join us as we discuss the implications of an African woman DG of the World Trade Organisation”

With three out of the eight candidates for the race dropping for not being able to meet up with the initially required votes for the first round, Africa is left with two candidates who are females.

Nigeria’s Dr. Ngozi Okonjo-Iweala, a globally known trade diplomat and finance expert is on the race alongside Kenyan Amina Chawahir Mohamed Jibril, a lawyer, diplomat and politician, alongside Liam Fox (UK), Yoo Myung-hee ( South Korea), and Mohammad Maziad Al-Tuwaijri ( Saudi Arabia).

Two out of the remaining five candidates are African, and the webinar will look at what the continent must do to win the WTO seat as well as the implications of having an African as the head of the world trade body.

With the topic “The Most Important Turning Point – WTO”, Ida Nganga, Toyin Umesiri, Louis Yaw Afful, Anita Erskine, Patricia Ithau and Nwabueze Buchi George are the speakers selected for the webinar billed for Saturday September 26, 2020 from 14:00 – 15:00 hrs.

source: https://www.otowngist.com

AUSTRALIA AFRICA ECONOMIC FORUM

According to a joint submission to the senate standing Committee on Foreign Affairs, Defense and Trade inquiry into Australia's trade and Investment relationships with African countries, the Australian Trade and Investment Commission (AUSTRADE) and the Department of Foreign Affairs and Trade (DFAT), Australian companies has to increase trade engagements with Africa. 

Based on this, Trade Nigeria in collaboration with Globe Chamber of |Commerce and Industry  will be organizing the Australia-Africa Economic Forum. It will be done in partnership with Austrade, DFAT and state governments of Australia to identify and promote business opportunities and also advocate for a predictable market-oriented operating environment. 

It will be a public private Joint partnership for the purpose of business growth and development between countries in both continents with emphasis on Foreign Direct Investment, project development, Trade, Investment that will bring about an increase in the African Economy.

Participants and Businesses that get involved will have the opportunity to raise their business profiles, they will also be exposed to knowledge sharing between both continents and 

meet with potential international business partners

For both Governments, the Economic Forum has the following advantages

Strengthening government-to-government engagement

Expanding economic diplomacy 

Fostering stronger private sector linkages 

Addressing business risk factors in Africa and Australia

Date for the Economic Forum will be communicated soon

AFRICA -TURKEY JOINT TRADE MISSION AND BUSINESS DELEGATION

The Africa-Turkey Joint Trade Mission and Business Delegation 2021 is a trade Mission organized by Globe Chamber of Commerce and Industry. Its aim is to support and promote business development between Africa and Turkey.

It will bring together thousands of high level key decision makers and well placed government representatives, key players in various industries and some of the worlds most renowned business executives.

This event will promote our trade relationship. It will assist individuals and companies participating to find overseas partners, license technology and help them expand and grow internationally. This trip will be tailored around specific business opportunities that abound with Turkey and each delegate will surely benefit based on the nature of their business as well as meeting up with strategic growth objectives

Africa - Turkey Joint Trade Mission and Business Delegation 2021 will provide the needed platform for delegates to learn and be inspired by some of the most influential figures in the business world and beyond.

More details about the Joint Trade Mission coming up soon.

MALTA-AFRICA ECONOMIC FORUM

Following the release of a policy document tiltled: "Malta and Africa, A strategy for partnership 2020-2025" where Malta is seeing Africa as a relevant strategic partner for the next five 5 years, Malta and Africa are ready to work hand in hand with main focus on Trade, Diplomacy and Development. 

To this effect, Trade Nigeria, in partnership with Globe Chamber of Commerce and Industry, Ministry of Foreign Affairs of Nigeria, ministry of Foreign Affairs and Trade Promotion of Malta is announcing an Economic Forum and a Trade Mission that will concentrate on wealth exchange, and to create opportunity in changing times between Malta and the continent of Africa. Malta strongly wants to be part of growth and opportunities in Africa, hence this meeting will be a strategic one towards achieving mutual benefit to both parties. It will strengthen existing relationship and help create new investment and trade opportunities. Nigeria wants more businesses, information and knowledge sharing in order to better our economy.

Malta Africa Economic Forum will hold in 2021 and will be one of the many collaborations and bilateral trade engagements to assist Nigeria and Africa in recovering faster from the adverse effects of the covid 19 situation.

JAPAN-NIGERIA ECONOMIC FORUM

Trade Nigeria and  Globe Chamber of Commerce and Industry in Partnership with the Nigerian Government presents the Japan-Nigeria Economic Forum. The Japan-Nigeria economic forum aims to further strengthen trade and Investment relations between both countries.

Recall that President Muhammadu Buhari was in Tokyo, Japan last year during the 7th Tokyo International Conference for African Development (TICAD 7) were both countries came to an agreement to further deepen and extend trade relations between both nations.

Considering the fact that Nigeria is among the fastest growing economies of the world, many Japanese companies are interested in investing into Nigeria with the main aim of securing strong eceonomic ties with not just Nigeria but West Africa as a whole.

Currently, our main exports to Japan are Crude Oil, Petroleum products, Cocoa and cashew nuts and as Nigeria plans to extend exportation from the non-oil export commodities, the Nigerian -Japan economic forum will be an eye opener for other business ventures between both countries.

The Japan-Nigeria economic forum will be a two days power parked program for Companies, businesses, representatives form States and Federal Government that will feature Exhibitions,  B2B meetings, Business cocktail, Trade Conference, Business Conference and Bilateral Trade Agreement activities.

Program of events is available in the promotional materials

CANADA AFRICA ECONOMIC FORUM

The Canada Africa Economic Forum will be a gathering of stakeholders in the future of Africa and Canada.

According to the International Monetary Fund, five of the world's fastest growing economies are in sub-Saharan Africa. As a result of this, there is need for an expansion of Trade and Investment between Africa and Canada. Recall that in order to expand Trade and Investment between Canada and Africa, Canada has negotiated a regulatory framework such as Foreign Investment protection and Promotion Agreements (FIPAs) with Nigeria, Benin, Cameroon, Guinea, Cote d'Ivoire, Tanzania e.t.c.

This forum will open new markets to increase export opportunities to Canada

Spur economic growth,

increase Trade and Investment,

Advance Peace and security as well as promote development.

This forum will also create new partnerships as well as strengthen existing partnerships like the African development bank, African Union, World Food program, Global Funds to fight AIDS, Tuberculosis and Malaria e.t.c. of which Canada is an active partner

This event is billed to take place in Ontario, Canada between 24th of march and 27th of March 2021

It will be organized by Globe Chamber of Commerce and Industry, a public private partnership on Trade and Investment through Foreign Direct Investment, Joint Ventures and Bilateral Trade partnership.

INTRODUCING ORGE WINE SHOP

 

ORGE WINE SHOP fondly called the WINE CAPITAL of AFRICA is the biggest wine shop in Nigeria located in the Federal capital Territory, Abuja. It is a home of the best wines from Italy, France and Spain, Chile, New Zealand, e.t.c.

The shop offers all kinds of wines for the following occasions;

Weddings

Traditional marriages

Wedding Anniversaries

Graduation parties

Burial Ceremonies

Thanks Giving Ceremonies,

House openings e.t.c

Are you tired of scouting from shop to shop in search of good quality wines because they are not available from one particular shop?

Do you need a bottle of wine to celebrate today because everyday is worth celebrating?

Orge Wine Shop is the place to be

Retail, Wholesale Available

Shop is open 24/7

ORGE WINE SHOP........ EXTREME LUXURY

WORLD RUBBER AND PLASTIC EXPO

 

RUBBER: An Overview

According to the dictionary, rubber is a tough elastic polymeric substance made from the latex of a tropical plant or synthetically. It is known for its elastic quality and is used in the manufacturing of many products and applications worldwide. It is used for both industrial and house hold products.

NATURAL RUBBER:

Natural rubber is a polymer of isoprene, an organic compound that is made from the juice (latex) of the rubber tree. It is very useful for its high resilience, waterproof properties and large stretch ratio.

SYNTHETIC RUBBER:

Synthetic rubber is made from petroleum.

Both the natural and synthetic rubber can be used for same thing hence they influence each others demand.

The rubber tree needs constant high temperatures and a wet environment to be productive. It takes about seven years for the tree to reach a productive age. Some nations in South East Asia are the top producers of natural rubber, which accounts for about 70 percent of global production.

The world's leading producer of natural rubber is Thailand. As of 2019, Thailand's Natural Rubber production amounted to 4.85 million metric tons. Second on the list is Indonesia with 2019 production amounting 3.3 million metric tonnes, next is Malaysia, Vietnam and India.

Nigeria is at around 14th position in the world.

OVERVIEW OF NATURAL RUBBER ECONOMY 2020

According to the Association of Natural Rubber Producing countries (ANRPC), their report for year 2020 shows that between January and July, there was an 8.9% fall in world production and a 14% drop in world consumption of natural rubber. Meanwhile, the world production in the year is anticipated to be about 13.149 million tonnes based on preliminary estimates available from individual countries. This is a record of 4.9% down from last year.

World Garment, Leather Industries and Textile Expo

 

The World Garment, Leather Industries and Textile Expo is going to be a gathering of the giants in the textile, apparel and leather sectors. Textile and clothing contributes to employment in developing economies like ours. We have so much to gain from trade expos, exhibition and multilateral trade liberalization. This industry is labour intensive and offers employment opportunities for both developed and developing nations. It is a sector where relatively modern technology can be adopted at relatively low investment costs.

The expo will be powered and organized by Globe Chamber of Commerce and Industry. It will expose current technological trends in the garment ad leather industries as well as facilitating investment opportunities in Nigeria and beyond.

It will help to forge business relationships between manufacturers, key players as well as governments of various countries

It will also help to facilitate brand awareness to key decision makers in the industries

Are you in the garment, leather or textile industry, do you want to expand your business and go global, do you want to meet with industry giants and stakeholders in these sectors, then this program is tailored for you.

Hurry while there is still time. 

AFRICA - NEW ZEALAND PROPERTY & REAL ESTATE, BUILDING MATERIALS, BUILDING EQUIPMENT AND TECHNOLOGY TRADE MISSION

Globe Chamber of Commerce and Industry, presents the Africa-New Zealand property and Real Estate, Building materials, Building Equipment and Technology Trade Mission to Auckland, New Zealand, 2021.

This trade mission will enable African Businessmen and women in the affected industries to explore International opportunities, access supplier diversity opportunities, gain market knowledge, access an extensive network of connections thereby helping these business grow and expand into the global market. This is an opportunity that should be embraced because its indeed a cost-effective and well organized opportunity for both small, medium and large sized businesses and organizations to reach their goals and access overseas markets.

This Trade Mission will hold in Auckland, New Zealand. 

Further details will be communicated soon.

FINANCIAL LITERACY: AN OVER VIEW

Financial Literacy is the ability to understand how money works, how one makes money, manage the money and spend it. There is need to have an in depth financial knowledge to know how to make money work for you even while you are sleeping by investing in profitable ventures like in the stock market or money market. To understand how money works, its important to effectively use some financial literacy skills such as personal financial management, financial goals, budgeting, investments, e.t.c. The absence or lack of these skills is called financial illiteracy. We know that there are so many skills that will fall under financial literacy, some very important ones are house hold budgeting, management and paying off of debt and learning about various credit and investment products. 

Research studies across different countries has shown that individuals as well as entrepreneurs do not understand the concept of compound interest and time value of money. Some persons also do not seek for financial information before taking certain financial decisions. lack of financial literacy can be damaging for an individuals's long-term financial success. Most potential retirees lack information about saving and investing for retirement. People fail to plan ahead and take on financial risks without even realizing it. Youths of today are mostly ignorant about financial information hence they make lots of errors. 

Financial illiterate individuals will be more likely to run into debt burdens either through poor spending habits and not making correct spending decisions. Some young people will be looking for say a Hundred thousand Naira to start a business meanwhile they are using smart phones of  one Hundred and Fifty thousand Naira. 

There are resources for those that wish to learn about finance. The Central Bank of Nigeria has a framework that provides a roadmap for enhancing financial literacy to achieve financial inclusion in Nigeria and ultimately the attainment of the goal of Financial System Strategy (FSS) 2020. It is designed to reach all segments of the society with emphasis on specific target groups.

Financial education can benefit people of all ages and income levels. It can help young people that just started working to manage their income and expenditure and also save for future investments. It can help families save towards a future goal like buying houses, paying for their childrens education of going for holidays over seas. It can help older adults to save towards retirement and having a comfortable old age e.t.c.

HOW TO IMPROVE FINANCIAL LITERACY

1) CREATE A BUDGET: You have to track how much you receive as income every month, and also how much you spend.

2) SAVE BEFORE SPENDING: You can choose how much to save every month and stick to it. After you have taken out your savings for the month, you can then spend the rest

3) INVEST IN YOUR FUTURE: Make sure the money you are saving monthly is tied towards an investment goal and be sure to invest once you hit the target

In order to be comfortable, you need to plan, save and invest.