Connect with us

Opinion

The strategic imperative of global business summits on Africa

Published

on

Africa

By Ehi Braimah

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

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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

Advertisement

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.

Advertisement

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.

Advertisement

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

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Opinion

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

Published

on

Sundiata Post

By Max Amuchie | The Sunday Stew

 

Advertisement

This fourth instalment of the Sundiata Post Model asks the inevitable question: What must a knowledge-producing newsroom do to survive, adapt and remain relevant across generations?

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

That question is the gateway to what we call the Realm of the Long Term.

Every institution eventually enters the Realm of the Long Term. It is the stage at which immediate success gives way to enduring relevance, and where the central question is no longer whether an organisation can perform today, but whether it can continue creating public value across generations. Entering this realm requires more than ambition.

Advertisement

It demands governance, institutional memory, financial resilience, leadership succession, continuous learning and an unwavering commitment to trust. This is the realm in which institutions either become enduring or gradually disappear.

The Realm of the Long Term is the point at which management ceases to focus primarily on performance and begins to focus on long-term stewardship.

Decisions are evaluated not only by their immediate outcomes but by their contribution to the institution’s capacity to create enduring public value across generations.

Advertisement

Within the Sundiata Post Model the Realm of the Long Term rests on seven interdependent pillars: Financial Sustainability, Human Capital and Leadership, Knowledge Stewardship, Governance, Innovation and Adaptation, Trust and Reputation, and Mission Continuity.

Together, these pillars determine whether an institution merely survives the present or continues creating public value across generations.

Financial Sustainability

Advertisement

Financial Sustainability is the institution’s capacity to generate, diversify, steward and invest financial resources in ways that preserve its independence, strengthen its capabilities and enable it to pursue its mission across generations.

Financial Sustainability is the institution’s capacity to generate diverse, mission-aligned sources of income that preserve its independence while strengthening both its Media Operations Engine and its Knowledge Operations Engine over the long term.

No institution, however compelling its vision or noble its mission, can endure without the economic capacity to sustain its work. Institutions do not survive on ideas alone.

Advertisement

They survive because they deliberately create the financial resources that allow those ideas to mature into enduring public value.

Within the Sundiata Post Model, Financial Sustainability is understood differently from its conventional treatment in management literature. It is not simply about generating revenue, balancing budgets or maintaining profitability.

Rather, it is the strategic financing of a knowledge-producing institution. Its purpose is to preserve institutional independence while providing the resources required to sustain both the Media Operations Engine and the Knowledge Operations Engine over the long term.

Advertisement

The Media Operations Engine generates value through journalism and public engagement. Its financial ecosystem includes advertising, brand partnerships, digital marketing, content syndication, commercial publishing, multimedia production, conferences, annual lectures, policy dialogues, executive forums and other public-facing institutional activities.

These are not merely commercial ventures; they are mission-aligned enterprises that strengthen the institution’s capacity to produce independent journalism.

The Knowledge Operations Engine expands the institution’s financial horizon beyond the traditional economics of media.

Advertisement

As the institution generates original knowledge, it creates opportunities for research grants, commissioned studies, partnerships with universities, think tanks and research institutions, collaborative projects with international organisations, consultancy, executive education, policy research, book publishing, biographies, proprietary datasets and the licensing of analytical frameworks, indices and methodologies.

Knowledge itself becomes an institutional asset capable of creating both public value and sustainable income.
This represents a fundamental shift in how media organisations think about finance.

The Sundiata Post Model recognises that journalism and knowledge production are complementary economic activities.

Advertisement

The first generates public attention, civic engagement and commercial opportunities; the second generates intellectual capital, scholarly influence and knowledge-based revenue.

Together, they produce a diversified and resilient institutional economy capable of supporting long-term growth without compromising editorial independence or research integrity.
Financial Sustainability therefore extends beyond accounting. It encompasses the institution’s capacity to build strategic partnerships, secure collaborative projects, attract research funding, develop intellectual property and transform original ideas into enduring institutional assets.

In the Realm of the Long Term, Financial Sustainability is ultimately the stewardship of institutional resources in service of institutional purpose.

Advertisement

It is the first pillar because every other pillar depends upon it. Without sustainable financing, governance becomes fragile, knowledge production becomes intermittent, innovation slows, leadership development suffers and institutional memory gradually erodes.

2. Human Capital and Leadership

If Financial Sustainability provides the economic foundation of an enduring institution, Human Capital and Leadership provide its human foundation.

Advertisement

Buildings, technology, financial resources and even brilliant institutional designs do not create enduring organisations by themselves. Institutions ultimately rise or decline because of the quality of the people who lead them and the culture they cultivate.

Within the Sundiata Post Model, Human Capital extends beyond recruitment.

It encompasses the deliberate attraction, development, retention and continuous renewal of talented professionals who possess not only technical competence but also a commitment to the institution’s mission, values and standards.

Advertisement

An institution enters the Realm of the Long Term only when it begins to think beyond filling positions to building generations of capable people.

Leadership occupies a special place within this pillar. The true measure of leadership is not merely what is accomplished during a leader’s tenure, but what remains after that tenure has ended. Institutions become enduring when leadership is viewed as stewardship rather than ownership.

Every generation of leaders inherits an institution from those who came before and bears the responsibility of strengthening it for those who will come after.

Advertisement

This requires intentional investment in professional development, mentorship, succession planning and organisational culture.

Expertise must be cultivated. Institutional values must be transmitted. Leadership pipelines must be continuously renewed.

The departure of talented individuals should never threaten the continuity of the institution because knowledge, experience and responsibility lhave been systematically transferred to the next generation.

Advertisement

For a knowledge-producing institution, this responsibility becomes even greater. Journalists must continuously improve their craft.

Researchers must deepen their methodological competence. Editors must strengthen both editorial judgment and institutional leadership.

The objective is not merely to employ professionals but to cultivate an intellectual community capable of sustaining journalism, research and public service over the long term.

Advertisement

3. Knowledge Stewardship

Knowledge Stewardship is the deliberate creation, preservation, governance and transmission of institutional knowledge so that learning accumulates rather than disappears.

Every institution produces knowledge through its daily operations. Yet much of that knowledge is often lost through staff turnover, poor documentation or organisational neglect. The Sundiata Post Model rejects this waste.

Advertisement

It regards datasets, editorial experience, research outputs, methodologies, institutional records and accumulated expertise as strategic assets that must be governed, preserved and continuously enriched. Knowledge stewardship transforms experience into institutional capital.

4. Governance

Governance is the system of structures, principles and accountability through which an institution safeguards its mission, exercises authority responsibly and makes sound strategic decisions.

Advertisement

Strong institutions are not sustained by personalities alone but by systems that outlive individuals.

Effective governance establishes clear responsibilities, ethical standards, transparency, accountability and strategic oversight.

It protects institutional integrity during periods of growth, crisis and leadership transition. Within the Realm of the Long Term, governance provides stability without preventing innovation.

Advertisement

5. Innovation and Adaptation

Innovation and Adaptation are the institution’s capacity to respond intelligently to changing technological, economic and social environments while remaining faithful to its core mission.
Long-term institutions do not survive by resisting change.

They survive by adapting continuously without abandoning the principles that define them. Innovation therefore extends beyond technology.

Advertisement

It includes new products, new organisational practices, new revenue models, new research methods and new ways of engaging society. Adaptation ensures relevance; mission provides continuity.

6. Trust and Reputation

Trust and Reputation constitute an institution’s accumulated credibility, earned through consistent competence, integrity and public service over time.

Advertisement

Trust is not created by slogans or marketing campaigns. It is built gradually through countless decisions that demonstrate reliability, fairness and professionalism.

Reputation becomes one of an institution’s most valuable strategic assets because it influences public confidence, partnerships, talent recruitment and long-term legitimacy.

In the Sundiata Post Model, trust is not simply an ethical aspiration; it is an institutional resource that must be deliberately protected.

Advertisement

7. Mission Continuity

Mission Continuity is the institution’s ability to preserve its fundamental purpose while continually renewing its strategies, structures and methods.
Institutions that endure distinguish between mission and method. Their purpose remains constant even as the means of fulfilling that purpose evolve.

Mission continuity prevents organisations from losing their identity in response to short-term pressures while enabling them to adapt confidently to changing circumstances.

Advertisement

It provides the enduring direction that unites successive generations of leaders, professionals and stakeholders.

The seven pillars are mutually reinforcing. They are not independent compartments that can be strengthened or weakened in isolation.

The erosion of one inevitably affects the others, because institutions endure as integrated systems rather than as collections of separate functions.

Advertisement

Without Financial Sustainability, you cannot recruit and retain the best people (Human Capital and Leadership).
Without capable people, Knowledge Stewardship deteriorates.

Without Knowledge Stewardship, Innovation and Adaptation becomes weak because there is little accumulated knowledge to build upon.

Weak Governance eventually damages Trust and Reputation.
Once trust declines, revenue suffers, weakening Financial Sustainability again.
Eventually, Mission Continuity is threatened.

Advertisement

The Global South

While the region has produced many outstanding newspapers and broadcasters, relatively few have demonstrated the kind of uninterrupted institutional continuity that characterises some of the world’s oldest media organisations.

Political instability, economic volatility, succession challenges, fragile governance structures and rapidly changing media economics have made institutional longevity the exception rather than the rule.

Advertisement

The Realm of the Long Term is therefore not merely about preserving an existing institution; it is about addressing one of the enduring structural weaknesses of media development in Africa and much of the Global South.

The ambition is to build media organisations that do not merely survive their founders, but continue to generate public value across generations.

However, there are few media institutions that have proved capable of surviving across generations.

Advertisement

In Nigeria, the Nigerian Tribune, founded in 1949 by Obafemi Awolowo, has endured for more than seven decades, surviving colonial rule, independence, military governments, democratic transitions and the digital revolution.

In South Asia, The Hindu in India, established in 1878, and Dawn in Pakistan, founded in 1941, have likewise sustained their institutional identities through profound political, economic and technological change.

In the developed world, organisations such as Reuters (founded in 1851), The Economist (established in 1843), The New York Times (founded in 1851) have demonstrated similar resilience over even longer periods.

Advertisement

The longevity of these institutions suggests that enduring media organisations share certain characteristics.

They invest in governance, preserve institutional memory, renew leadership, adapt to technological change, cultivate public trust and develop sustainable business models.

Their endurance is rarely accidental; it is the product of deliberate institutional choices sustained over decades.

Advertisement

The Sundiata Post Model seeks to identify, organise and systematise institutional principles that appear repeatedly among such media organisations. In that sense, it is both descriptive and prescriptive.

It draws lessons from enduring institutions while proposing a coherent framework for building the knowledge-producing newsroom of the twenty-first century.

Finally, history shows that ideas sometimes outgrow the domains in which they were first conceived. Sun Tzu’s The Art of War was written as a treatise on military strategy, yet its principles have since informed thinking on business, leadership and organisational management.

Advertisement

Likewise, while the Sundiata Post Model is proposed as a framework for twenty-first-century journalism, its underlying principles of knowledge production, institutional memory, governance and long-term stewardship may ultimately prove relevant to other knowledge-intensive organisations.

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

Whether that broader applicability emerges is not for me, as its author, to determine, but for others—scholars, intellectuals, media executives, publishers, and management experts—to test, adapt, critique and refine through practice.

Trust is sacred. Stay seasoned

Advertisement

Continue Reading

Trending