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Afreximbank’s Group Chief Economist&, Dr. Yemi Kale, Participates in the 30th NESG ConferenceAt the 30th @OfficialNESG conference, held from October 14-16, 2024, in Abuja, Nigeria, Afreximbank’s Group Chief Economist, Dr. Yemi Kale (@sgyemikale), spoke at the first plenary session on the theme “Africa’s Economic Transformation and Resilience.”Dr. Kale emphasized Afreximbank’s inclusive vision of Global Africa-a concept that transcends the continent’s geographical boundaries and acknowledges the vital role of Africans everywhere. This vision encompasses not only those living in Africa but also the African diaspora, including those who left voluntarily in search of better opportunities and the descendants of those forcibly taken during the transatlantic slave trade.He highlighted the need for Global Africans to take ownership of their collective destiny, stressing that the current global economic system continues to marginalize and exploit Africa’s resources while limiting opportunities for Africans both on the continent and abroad. Dr. Kale called for a united front, one that prioritizes self-determination, strategic partnerships, and the harnessing of Africa’s abundant resources for the benefit of all Africans, wherever they may be.He also outlined Afreximbank’s innovative and impactful interventions to boost intra-African trade, and emphasized the vital importance of capital in development, offering insights on alternative financing structures designed to unlock significant private capital for Africa’s development. Dr. Kale underscored the power of the African diaspora as an untapped resource in terms of financial and human capital. He advocated for the creation of diaspora bonds, remittance-linked financial products, and other structured instruments to mobilize substantial capital from the diaspora for development projects as a way to also reduce dependence on foreign aid and capital.As traditional sources of finance-such as foreign aid, commercial loans, and foreign capital-become less reliable, more expensive, or unsustainable, Dr. Kale stressed the need to develop alternative financing models that effectively engage the private sector and unlock new opportunities for Africa’s sustainable growth and demonstrated how Afreximbank has been innovative in structuring finance for African development and its range of risk mitigation tools and measures it has introduced to de-risk investment opportunities in Africa.Afreximbank #NESG2024 #AfricaEconomicTransformation #GlobalAfrica #DiasporaCapital #SustainableDevelopment”

Afreximbank’s Group Chief Economist&, Dr. Yemi Kale, Participates in the 30th NESG ConferenceAt the 30th @OfficialNESG conference, held from October 14-16, 2024, in Abuja, Nigeria, Afreximbank’s Group Chief Economist, Dr. Yemi Kale (@sgyemikale), spoke at the first plenary session on the theme “Africa’s Economic Transformation and Resilience.”Dr. Kale emphasized Afreximbank’s inclusive vision of Global Africa-a concept that transcends the continent’s geographical boundaries and acknowledges the vital role of Africans everywhere. This vision encompasses not only those living in Africa but also the African diaspora, including those who left voluntarily in search of better opportunities and the descendants of those forcibly taken during the transatlantic slave trade.He highlighted the need for Global Africans to take ownership of their collective destiny, stressing that the current global economic system continues to marginalize and exploit Africa’s resources while limiting opportunities for Africans both on the continent and abroad. Dr. Kale called for a united front, one that prioritizes self-determination, strategic partnerships, and the harnessing of Africa’s abundant resources for the benefit of all Africans, wherever they may be.He also outlined Afreximbank’s innovative and impactful interventions to boost intra-African trade, and emphasized the vital importance of capital in development, offering insights on alternative financing structures designed to unlock significant private capital for Africa’s development. Dr. Kale underscored the power of the African diaspora as an untapped resource in terms of financial and human capital. He advocated for the creation of diaspora bonds, remittance-linked financial products, and other structured instruments to mobilize substantial capital from the diaspora for development projects as a way to also reduce dependence on foreign aid and capital.As traditional sources of finance-such as foreign aid, commercial loans, and foreign capital-become less reliable, more expensive, or unsustainable, Dr. Kale stressed the need to develop alternative financing models that effectively engage the private sector and unlock new opportunities for Africa’s sustainable growth and demonstrated how Afreximbank has been innovative in structuring finance for African development and its range of risk mitigation tools and measures it has introduced to de-risk investment opportunities in Africa.Afreximbank #NESG2024 #AfricaEconomicTransformation #GlobalAfrica #DiasporaCapital #SustainableDevelopment”