Diamond Bank chief makes case for Africa opportunities
Despite the obvious challenges of development, Africa’s investment case is positive, offering huge returns more than anywhere else, the Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has said.
Consequently, he has called on European entrepreneurs and investors to step-up their investment stakes in Africa, reassuring that the fundamentals for sustainable growth and development in the continent is still intact.
Dozie wooed investors, captains of industry, corporations, thought leaders, opinion and policy makers in the United Kingdom (U.K.) to the opportunities in the region, during the presentation of the ‘Companies to Inspire Africa 2017 Report’ by the London Stock Exchange Group.
Represented by the bank’s Chief Compliance Officer, Femi Jaiyeola, he noted that the challenges in the continent should serve as an investment stimulant, especially as forecasts on returns and growth by analysts show that there is nothing to lose in the short and long terms.
According to him, the continent is dotted with huge number of start-ups and Micro, Small and Medium Enterprises (MSMEs), which are structured to catalyse the continent’s economic and industrial growth.
He said that the continent’s 1.2 billion people with more than half of the population below 25 years, is a huge demographic advantage to investors, as it presents one of the biggest markets and workforce in the world.
“For us at Diamond Bank, we are passionate about Africa and the opportunities…. For investors looking for returns either in the short term or long term, Africa remains an investment destination of choice.
“Despite the recent challenges in some African economies, the forecast is that Africa will still grow more rapidly than the OECD countries. The outlook is positive and this is the time to explore the opportunities that exist in Africa”.