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Bahamas to host Afreximbank, AfriCaribbean Meetings

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Vusi Melane
Vusi Melane
Staff Writer

President and Chairman of the Board of Directors, Afreximbank, Professor Benedict Oramah says “Afreximbank’s historic decision to hold the 31st Afreximbank Annual Meetings in The Bahamas will be the first time it has been held in the Caribbean. There is a hugely positive outlook for many African and CARICOM countries – as demonstrated by the IMF’s forecast that seven African countries and one CARICOM country will be in the top 10 fastest growing economies globally – so cementing closer links between the two regions is of clear mutual benefit to accelerate growth and prosperity.”

“We are in an era where some major global economies are reacting to geopolitical tensions by restricting international trade to prioritise their domestic industries. This partial move away from the rules-based trading system, where international trade is conducted according to agreed-upon transparent, non-discriminatory, and impartial rules, threatens the longstanding reliance of African economies on global support for shared growth and prosperity. In this context, the theme for the 31st AAM and the 3rd ACTIF is ‘Owing Our Destiny: Economic Prosperity on the Platform of Global Africa.’” says Oramah

“This theme reflects our focus on broadening the discourse to determine solutions to the challenges that affect African Caribbean economies, the policy issues required to promote growth, development and prosperity across Africa and the Caribbean, and to accelerate intra-African trade and investment flows, including with the diaspora.” adds Oramah

At the signing ceremony, which was live streamed to reach a global audience, Prime Minister of the Commonwealth of The Bahamas, Honourable Philip Davis, K.C commented “Hosting both the AAM and ACTIF demonstrates the determination and commitment of The Bahamas to leverage on the shared history, identities, and cultures of AfriCaribbean nations to forge significantly greater trade, investment, and direct transport linkages.”

“Doing so will stimulate economic growth and development, which will feed through to immensely beneficial societal impact. It is also vital that we enhance our global influence by speaking with a unified voice on matters such as securing global action to meaningfully address climate change.” adds Davis

The 31st Annual Meetings, held in the Caribbean alongside ACTIF, highlight global opportunities for AfriCaribbean regions. The event features key sessions including the Opening Ceremony, Presidential Plenary, and high-level panels, focusing on countering neo-protectionism and promoting self-determination within a global Africa encompassing the Caribbean and diaspora. Seminars run through the second day, with June 14th dedicated to the AfriCaribbean Trade and Investment Forum (ACTIF), showcasing shared culture and socio-economic goals.

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