29 November 2016

Business Forum West Africa – Africa is still rising

Over 200 delegates came together for the SWIFT Business Forum West Africa in Lagos, Nigeria on 8 November 2016 to discuss the key trends facing the region.

“Even in the face of economic challenges, the West African region sees consistent growth,” said Hugo Smit, Head of Sub-Sahara Africa for SWIFT, opening the conference and presenting the latest SWIFT traffic growth. “Africa rising is still applicable. The world and environment are changing and we need to adapt.”

A keynote address was delivered on behalf of the Honourable Minister of Finance Kemi Adeosun. “The Government is facing cash-flow challenges due to global economic recession,” she said. “This time calls for diversification of our economy, exports of Nigerian products and strengthening of the manufacturing sector.”

She said the government was looking to the private sector, including the Business Forum’s senior banking delegates, to harness the potential of innovative technology to better serve customers and drive uptake of financial services. She added that the Business Forum provides an ideal opportunity for high level executives from across the financial community in the region to debate and discuss the most important issues facing West Africa.

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