A member-led professional advocacy group, EnterpriseNGR, has signed a Memorandum of Understanding to set up the Africa Roundtable of Financial Centres – a chapter of the World Alliance of International Financial Centres, in Mauritius, Morocco, and Rwanda.
EnterpriseNGR said in a statement on Thursday that it had joined forces with the three countries to pursue five key objectives, according to The Punch.
The MoU signed recently in Mauritius, brought together EnterpriseNGR, the Economic Development Board of Mauritius, Casablanca Finance City Authority, and Rwanda Finance Limited to foster collaboration, promote investment opportunities, and drive sustainable development within the financial centres of its member countries and Africa at large for the exchange of best practices between members, enhance visibility regionally.
Jointly enhancing the competitiveness of financial centres in Africa is one of the objectives. Work together on projects, research papers, messages, and events to position the African continent, demonstrate a wide range of investment opportunities as well as highlight the role played by financial centres in Africa’s Continent.
“Conduct joint initiatives to support internationally, and provide African financial centres with a unified voice regionally and internationally. Facilitate the development of dialogue with major financial centres outside the African Continent and build communication channels with African institutions, including regulators and policymakers, as well as African financial services industry associations, and advocate for regulatory coordination amongst members of the Africa Roundtable to promote cross-border investments and financial services,” it said.
In his speech on the collaboration, the Chairperson of the Africa Roundtable, Mr. Ken Poonoosamy, said, “The signing of the Memorandum of Understanding for the Africa Roundtable of the WAIFC represents a pivotal stride in fostering synergy among financial hubs within the African sphere, with the shared objective of catalysing economic advancement across the continent.”
The Chief Executive Officer of EnterpriseNGR, Ms. Obi Ibekwe, represented by the Director of Policy & Public Affairs, Mr Lami Adekola, expressed her excitement over the development.
She said, “It is a historic achievement, and EnterpriseNGR fully endorses the Africa Roundtable of the WAIFC and is excited for the immense opportunities it represents for Nigeria and the African continent. Our collaboration with the four African countries promises to bolster financial competitiveness on the Continent and amplify Africa’s global presence. We will leverage this Roundtable to unlock the full potential of African financial centres to drive prosperity and development for our nations and beyond.”
In 2023, EnterpriseNGR attended the WAIFC Board Meeting hosted by TheCityUK in London and became a member.
