The third edition of the Africa Social Impact Summit (ASIS) will be held in Lagos, Nigeria, on July 25–26, 2024. The Sterling One Foundation has announced African Export-Import Bank (Afreximbank) as its strategic partner in order to encourage more private sector participation in the push towards the achievement of the Sustainable Development Goals (SDGs) in Africa. The purpose of the event is to discover risk mitigation solutions for the continent’s investment prospects in order to increase impact investment flows, stimulate policy-influencing dialogues, and cultivate productive partnerships for long-term growth.
Thank you for visiting The Vestigator, don't forget to share!
The private sector’s ability to fund large-scale initiatives and promote responsible consumption through output, production methods, policies, and targeted projects has made it clear that the sector’s engagement in promoting social impact is essential to reaching the SDGs. It will facilitate discussions in the field of development financing to have Afreximbank, the continent’s top international financial institution devoted to funding and boosting intra- and extra-African trade.
“ASIS brings together leaders from across sectors to share learnings, ideas, and plans for accelerating the achievement of the Sustainable Development Goals in Africa. Trade is a fundamental piece of this development process, and there are few organizations in Africa with the insights to drive increased productivity for the continent like Afreximbank,” explained Mrs. Olapeju Ibekwe, CEO of the Sterling One Foundation.
The Summit is being hosted by the Bank in partnership with the Sterling One Foundation as part of a long-standing and strategic relationship with Sterling Bank Nigeria, according to Mr. Eric Monchu Intong, Regional Chief Operating Officer, Anglophone West Africa at Afreximbank. This partnership offers a chance to support the participating organizations. This will be accomplished by exchanging knowledge about Afreximbank’s mission, initiatives, and resources, which are designed to facilitate the application of creative finance solutions in an effort to raise Africa’s proportion of international trade.
“We are excited about this partnership as it gives us an opportunity to strengthen alliances for our shared destiny, prosperity and the economic emancipation of our continent under the African Union Agenda 2063 – the Africa we want. We are particularly pleased with its multisectoral approach as we understand that one organisation or one sector alone cannot drive the level of sustainable growth the continent requires,” he added.
Mr. Intong went on to say that Afreximbank has been leading important economic development initiatives throughout Africa, such as the African Medical Centre of Excellence (AMCE), a 500-bed quaternary hospital under construction in Abuja, Nigeria, that will specialize in cardiology, oncology, haematology, and general medicine and include a nursing and medical school. The Intra-African Trade Fair (IATF) attracted deals and transactions valued at US$43.8 billion in 2023. In order to transform Africa into a center for medical tourism, the AMCE will also be implemented in five other African nations. The Afreximbank Africa Collaborative Transit Guarantee Scheme, the Afreximbank Africa Trade Center, and the AfCFTA Adjustment Fund are a few more efforts.
In its third year, the Africa Social Impact Summit will take place at Lagos’ Eko Convention Center. It includes a variety of panel talks on topics like youth development, healthcare, education, and green financing in addition to climate action. A pre-event Investors’ Roundtable in collaboration with the Lagos State Government and a Deal Room for impact-focused SME entrepreneurs implementing scalable solutions throughout Africa will also be included in the two-day program. You may find more about the Summit at www.theimpactsummit.org.
