Opinion

The strategic imperative of global business summits on Africa

Published

1 month ago

July 27, 2026

By Ehi Braimah

Africa has emerged as one of the most strategic frontiers for global investment, trade, innovation, and economic transformation.

Also read: Under Akpabio’s watch, Nigeria’s budget almost a bazaar

With a population projected to exceed 2.5 billion by 2050, abundant natural resources, a rapidly expanding middle class, and the world’s youngest workforce, the continent is increasingly attracting the attention of governments, multinational corporations, investors, development institutions, and entrepreneurs.

Against this backdrop, global business summits hosted in Africa and across the world on Africa, have become vital platforms for dialogue, partnership-building, and economic cooperation.

From investment forums and trade expos to leadership conferences and innovation summits, these gatherings bring together policymakers, business executives, financiers, academics, and development experts to discuss opportunities and challenges shaping Africa’s future.

Beyond networking events, they have become powerful instruments for driving economic growth, fostering regional integration, and positioning Africa as a key player in the global economy.

The summits on Africa and where they hold

The France-Africa Summit, otherwise known as Africa Future Forward Summit, held in Nairobi, Kenya from May 11 – 12 for the first time in an Anglophone country.

It was followed by Biashara Afrika in Lome, Togo, which held from May 18 – 22, while the London-Africa Business Summit convened by Sadiq Khan, the Mayor of London, held on June 4.

The London Summit attracted diaspora professionals, international investors, and policymakers to discuss the harmonisation of capital markets, tech investments and economic growth on Africa.

On July 30, the Global Africa Summit will hold at the Toronto Metropolitan University, Toronto, Canada. The summit will focus on translating Canada’s Africa Strategy into tangible trade, fintech, infrastructure, and green energy by connecting institutional investors with emerging African markets.

Other major and annual recurring events include the US-Africa Business Summit holding in Mauritius from July 26 – 29, co-hosted by the Corporate Council on Africa and the Government of Mauritius; the Opportunities in Africa Summit in New York City where investors and entrepreneurs explore Foreign Direct Investment (FDI) opportunities in high-growth markets like Rwanda, Senegal and Cote d’Ivoire.

There’s also the US-Africa Leaders’ Summit in Washington DC, USA; the Africa CEO Forum, the Climate Change Global Business Summit on Africa which holds in Nairobi, Kenya; the Financial Times (FT) Africa Summit that will hold from October 21 – 22, at The Landmark, London; the Transform Africa Summit, the continent’s premier annual forum on technology, innovation and digital transformation organised by Smart Africa Alliance, and others.

Growing relevance of the summits

Global business summits serve as meeting points where ideas, capital, and opportunities converge. Their relevance has increased significantly as African economies seek to diversify beyond traditional sectors such as oil, gas, and mining into manufacturing, technology, agriculture, renewable energy, healthcare, and digital services.

These summits provide a unique platform for governments to showcase investment opportunities and policy reforms aimed at attracting FDI.

Investors, in turn, gain valuable insights into emerging markets, regulatory environments, and sector-specific opportunities.

For local businesses, the events offer exposure to international markets, potential partners, and financing sources.

The role of AfCFTA

The African Continental Free Trade Area (AfCFTA) should be the economic anchor of every Africa-focused global business summit.

Whether in Abuja, Lagos, Nairobi, Kigali, Mauritius, Paris, London, New York, Washington DC, Dubai, Moscow, or Beijing, AfCFTA must be presented not merely as a trade agreement but as Africa’s blueprint for industrialisation, regional value chains and a single market of over 1.4 billion people.

Rather than promoting 54 fragmented economies, African leaders should speak with one voice, using AfCFTA to attract investment in manufacturing, infrastructure, digital technology, agriculture and clean energy.

Global summits on Africa should therefore move beyond aid and commodity exports to partnerships that expand intra-African trade, technology transfer, skills development and value addition.

A united AfCFTA agenda will strengthen Africa’s bargaining power, reduce trade barriers, create jobs and position the continent as a competitive global investment destination.

Africa’s economic transformation depends on making AfCFTA the centrepiece of every international business engagement.

Benefits

One of the most significant benefits of global business summits is their ability to attract investment. Many investment deals, public-private partnerships, and development projects originate from conversations initiated during these events.

By bringing together key decision-makers in one location, summits reduce barriers to engagement and facilitate quicker decision-making.

Another major benefit is knowledge exchange. Participants gain access to expert insights on market trends, emerging technologies, sustainable development practices, climate finance, and global economic shifts.

Such knowledge helps businesses and governments make informed decisions that enhance competitiveness and resilience.

Business summits also stimulate tourism and local economic activity. Hotels, transportation services, restaurants, event management firms, and other service providers benefit from the influx of delegates.

Host cities often gain international visibility, improving their reputation as business and investment destinations.

Furthermore, these events contribute to capacity building. Young entrepreneurs, startups, and small and medium-sized enterprises (SMEs) gain opportunities to learn from industry leaders, access mentorship, and connect with investors. This helps nurture the next generation of African business leaders and innovators.

On a broader scale, global business summits support economic diplomacy. Governments use these platforms to strengthen bilateral and multilateral relationships, negotiate trade agreements, and promote regional cooperation. Such engagements can lead to long-term economic partnerships that benefit multiple countries.

Africa’s strategic importance in the global economy

The increasing number of global business summits on Africa reflects the continent’s growing strategic importance.

Africa possesses approximately 30 percent of the world’s mineral reserves, including critical minerals such as cobalt, lithium, manganese, and rare earth elements that are essential for electric vehicles, renewable energy technologies, and advanced manufacturing.

In addition, Africa’s agricultural potential remains largely untapped. The continent holds vast areas of arable land capable of contributing significantly to global food security.

Its expanding urban population and rising consumer demand also make it one of the most promising growth markets in the world.

The continent’s digital revolution further enhances its attractiveness. Mobile technology, fintech innovation, e-commerce, and digital payment systems have transformed business operations across many African countries such as Nigeria and Kenya.

Investors increasingly view Africa not only as a source of raw materials but also as a market for innovation and technological advancement.

The new scramble for Africa

The growing international interest in Africa has led many analysts to describe current geopolitical and economic competition as a “New Scramble for Africa.” Unlike the colonial-era scramble of the late nineteenth century, today’s competition is driven primarily by economic, technological, and strategic interests rather than direct territorial control.

Major global powers, including the United States, China, the European Union, India, Turkey, Russia, and Gulf states, are actively expanding their engagement across Africa.

They compete for access to natural resources, infrastructure projects, trade opportunities, energy partnerships, digital markets, and geopolitical influence.

China has become one of Africa’s largest trading partners and infrastructure financiers, investing heavily in roads, railways, ports, and industrial parks.

Western nations have responded by increasing investment initiatives focused on sustainable development, clean energy, digital infrastructure, and private sector growth.

Meanwhile, emerging powers are seeking to deepen commercial and diplomatic ties through trade agreements, investment missions, and development partnerships.

Global business summits often serve as arenas where these competing interests intersect. International corporations and governments use such forums to announce investment commitments, launch strategic partnerships, and strengthen economic relationships with African nations.

While increased global attention creates opportunities for growth and development, it also presents challenges. African countries must ensure that investments contribute to sustainable development, local job creation, technology transfer, and industrialization.

Effective governance, transparency, and strategic negotiation are essential to ensuring that Africa derives maximum benefit from foreign engagement.

Africa’s future

As Africa’s economic influence continues to grow, global business summits will play an increasingly important role in shaping the continent’s future.

These events provide platforms for investment mobilisation, innovation exchange, policy dialogue, and international cooperation.

They also help position African countries as active participants in global economic decision-making rather than passive recipients of external interests.

The challenge and opportunity for Africa lie in leveraging these platforms to advance its own development priorities.

By fostering strategic partnerships, promoting intra-African trade, supporting entrepreneurship, and ensuring inclusive growth, business summits can become powerful catalysts for transformation.

In the context of the new scramble for Africa, the continent is no longer merely a destination for external interests.

Increasingly, it is becoming a dynamic actor with the capacity to shape global markets, influence international investment flows, and define its own development trajectory.

Also read: Under Akpabio’s watch, Nigeria’s budget almost a bazaar

Global business summits on Africa provide one of the most visible and effective mechanisms through which this transformation can be realised.

Up Next

Xenophobia: Africa must unite, not divide

Don't Miss

The Sundiata Post Model (4): Realm of the long term

Mariam Balogun

Click to comment

Opinion

From Lagos to Germany: How Rotary Youth Exchange Transformed Arnold Faranpojo

Published

20 minutes ago

September 7, 2026

Mariam Balogun

By Ehi Braimah and Victor Ojelabi,

At 16, Arnold Faranpojo had already completed his secondary education, earned impressive examination results and begun charting a path towards an international future.

Also read: Olayinka Babalola shares Rotary vision on Arise News

But his participation in the Rotary Youth Exchange Programme, facilitated by Rotary International District 9111 during the tenure of then District Governor Henry Akinyele, would take his education beyond the classroom, giving him an experience that would reshape his outlook on life, culture, independence and the world.

Born in Lagos on 28 July 2009, Arnold is the second of three boys in the Faranpojo family. Although his roots are in Ile-Ife, Osun State, he grew up in Lagos, where he completed his secondary education at Nigerian Navy Secondary School, Abeokuta.

He graduated in 2025 with his WAEC and NECO certificates and recorded an impressive 319 in the Joint Admissions and Matriculation Board examination the same year.

Rather than immediately proceeding into university, however, Arnold embarked on an 11-month Rotary Youth Exchange experience in Germany, an opportunity he describes as one of the most memorable chapters of his young life.

A Family’s Leap of Faith

News of Arnold’s selection was met with excitement in the Faranpojo household, although it also came with understandable concerns.

For his parents, sending their son away for almost a year was a major decision. For his two brothers, the prospect of having the middle child away from home was initially unsettling.

“Knowing that the middle man of the three boys was going to be away for a year was at first unsettling with uncertainties,” the family recalled. “But with some clarification and explanation, the news was later greeted with faith and hopes for better things.”

For Arnold himself, the selection brought a mixture of gratitude, excitement and pride.

“It was a very exciting and memorable moment for me,” he said. “I felt extremely grateful, excited and proud because it was an opportunity to experience a completely different country and culture.”

His parents shared his excitement and were proud of the opportunity, even as they recognised that their son was about to take a significant step towards independence.

Arnold is the son of Rev. Alexander Faranpojo mni, a business consultant, clergyman and member of the National Institute.

He is the founding pastor of Virtues Christian Centre in Lagos and London and president of Virtues Life Foundation, an organisation focused on humanities, societies and governance.

His mother, Pastor Mrs Funmilola Faranpojo, is also a business consultant with interests in educational advancement and international agency services.

She serves alongside her husband in ministry and has close to two decades of experience spanning banking and human capital development. She holds a postgraduate qualification in Human Resources from the University of Winnipeg.

Together, they have supported Arnold and his brothers while encouraging their educational and personal development.

Eleven Months That Changed Everything

Arnold spent approximately 11 months in Germany, living and studying in Wuppertal and attending Wilhelm Dörpfeld Gymnasium.

The experience exposed him to an education system different from the one he had known in Nigeria, while also placing him in an environment where communication, adaptation and independence became part of everyday life.

“Everything was different — the language, culture, school system, food and daily lifestyle,” Arnold recalled of his initial experience.

The early days were challenging. Adjusting to a new country, learning to communicate in another language and understanding unfamiliar social and educational systems required patience.

But gradually, the unfamiliar became familiar.

Arnold improved his German language skills, became more comfortable communicating with people and learnt to navigate daily life with increasing independence.

Beyond Wuppertal, the exchange opened the door to travel and cultural discovery. He visited Düsseldorf, Cologne, Dortmund, Hamburg, Berlin and Munich, as well as Paris in France.

Each journey offered a different perspective, allowing him to experience new cities, cultures and ways of life.

Yet, for Arnold, the exchange was about much more than travelling.

He spent considerable time at school, participated in Rotary activities, built friendships with Germans and young people from other countries and learned how to interact with individuals from different backgrounds.

“Overall, the exchange helped me become more independent, adaptable, confident and open-minded,” he said.

More Than a Language

One of the most significant outcomes of Arnold’s exchange year was the development of his confidence.

Living away from his family required him to take greater responsibility for himself. Communicating in a foreign language pushed him outside his comfort zone, while interacting with people from different cultures broadened his understanding of the world.

By the end of the programme, Germany no longer felt like the completely unfamiliar environment he encountered when he first arrived.

“I had developed a strong appreciation for the country and its culture,” he said.

The experience also gave him something that cannot easily be measured by academic certificates: an international perspective.

For Arnold, learning German became part of a much larger lesson about communication, tolerance and adaptability.

“My exchange year taught me much more than just a new language,” he said. “It taught me how to adapt, communicate with different people, become independent, and appreciate different cultures.”

The strongest placement is immediately after the “More Than a Language” section and before “Building Towards the Future”. It creates a natural bridge from Arnold’s return to Nigeria into what comes next.

A Special Homecoming

Arnold’s return from Germany brought another memorable Rotary moment.

On 18 August 2026, he had the rare privilege of joining Rotary International President Olayinka Hakeem Babalola and other Rotary leaders at a special reception in Lagos held in Babalola’s honour.

The reception, jointly organised by Rotary International Districts 9111 and 9112 under District Governors Bukola Bakare and Layi Abidoye respectively, brought together Rotarians and other guests to celebrate Babalola’s historic leadership of the global service organisation.

Arnold did not attend the reception alone. His parents, Rev. Alexander Faranpojo mni and Pastor Mrs Funmilola Faranpojo, accompanied him, giving the family an opportunity to share another significant Rotary experience together following his return from Germany.

Babalola was full of praise for Arnold and the journey he had undertaken through the Rotary Youth Exchange Programme.

He noted that about 7,000 young people around the world are offered the opportunity to participate in Rotary Youth Exchange each year, placing Arnold’s experience within a global programme that enables young people to live in another country, experience different cultures and develop a broader understanding of the world.

For Arnold, meeting the Rotary International President so soon after returning from an 11-month exchange provided a fitting connection between the opportunity Rotary had given him abroad and the organisation’s leadership at home.

Babalola’s emergence as the second Nigerian and second African to serve as President of Rotary International also carried particular significance.

For a young Nigerian whose worldview had been broadened through a Rotary programme, his leadership offered another powerful example of how service, opportunity and exposure can transcend geographical boundaries.

Building Towards the Future

With his exchange year behind him, Arnold is now focused on the next stage of his journey.

He is continuing to improve his German language skills as he prepares for university, with plans to study Business Informatics (Wirtschaftsinformatik) in Germany.

The field sits at the intersection of business and technology, an area that aligns with Arnold’s growing interests and his ambitions for the future.

But his aspirations extend beyond technology and business.

He hopes to combine his interests in business, technology and fashion to create something that contributes positively to humanity.

His Rotary experience, he believes, will remain an important foundation as he pursues these ambitions.

Looking back on the opportunity, Arnold is clear about what the experience has given him: greater confidence, independence, adaptability and a broader understanding of the world.

It has also taught him not to be afraid of unfamiliar territory.

“I am very grateful for the opportunity and believe the experience will continue to influence my education, career, and personal development,” he said.