The World Bank's private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformation on the continent, top officials with the International Finance Corp (IFC) said.
three-day summit attended by 45 African national leaders
IFC Managing Director Makhtar Diop told Reuters the IFC was working with African countries to help match up entrepreneurs with urgently needed financing to support economic growth and job creation across the continent. The goal, he said, was to develop "homegrown innovative solutions" for Africa that could also be exported to the rest of the world. "Support for African entrepreneurship and digital transformation is essential to economic growth, job creation, and resilience on the continent and beyond."
“Africa is the market of the future for U.S. products and services, and so, if is not active, it will miss out on a huge opportunity," Sonneborn said, citing what he called an "economic pivot" to focus on key new markets.
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