U.S. and African Leaders Advocate for Local Partnerships

At the U.S.-Africa Leadership Dinner in New York, organized by Cavista Holdings during the 81st United Nations General Assembly, African and U.S. business leaders, investors, and development finance institutions discussed strategies to unlock Africa's investment potential. They identified long-term capital, strong local partnerships, and market knowledge as essential for converting investor interest into sustainable investments.

John Jovanovic, President and Chairman of the Export-Import Bank of the United States (EXIM), emphasized that successful investment in Africa requires early engagement with local markets and partnerships with local businesses. He noted that American companies could provide capital, technology, and equipment, while local partners offer market knowledge and relationships.

Sameh Shenouda, Executive Director and Chief Investment Officer of the Africa Finance Corporation (AFC), stated that deep local knowledge is crucial for turning investment opportunities into scalable projects. Niyi John Olajide, Chairman of Cavista Holdings, highlighted the importance of quality partnerships and governance for sustainable returns in U.S.-Africa investments.