A global network of professionals working in wealth, investment management, and financial services came together for the CISI’s Global Wealth Summit 2021, a three-event series on November 16, 2021. The summit, which was hosted, virtually attracted eminent speakers from this sector, including some of the most well-known thought leaders in the world.
Ashraf Deenmahomed, COO of African Capital Alliance; Ononuju Irukwu, Chartered MCSI, MCBI, HCIB, Head of Private Banking, First Bank of Nigeria; Erica Bruce, President of the South African Institute of Stockbrokers, and Paul Njoki, CEO of Standard Chartered Investment Services engaged in an insightful panel discussion to explore the African business ecosystems, its divergence, and ease of doing business across the different regions.
Ashraf highlighted many opportunities to explore in the energy sector- as everyone is transitioning to renewable energy, and energy infrastructure is expected to boom shortly. He explained that African countries could take advantage of the diverse energy infrastructural prospects through high-level government commitments like subsidies.
In his closing statement, he remarked that everything in Africa is an opportunity. He further said that in relation to more developed continents, Africa adapts easier to innovation and new elements. However, there is a gap between the poor and uneducated, which, when closed, would result in lots of competition as Africans are both talented and passionate.