‘Invest In Africa For High Yields’ — Emefiele Woos Investors At IMF/World Bank Meetings

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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has called on foreign investors to consider Nigeria and other countries in Africa as their choice investment destinations.

Emefiele said this on Friday while receiving the Euro Knowledge award conferred on him by FIN Banking on Emerging Markets forum on the sidelines of the ongoing International Monetary Fund/World Bank annual meetings in Washington.

The CBN governor listed Nigeria, Angola, South Africa and Egypt as countries that investors should consider, adding that business confidence on the continent was on the rise.

‘Invest In Africa For High Yields’ — Emefiele Woos Investors At IMF/World Bank Meetings

“Today, we talk about the frontier market and what I keep telling people is that as you continue thinking about growth opportunities in the world and you are looking at Africa, naturally you will have to think about some of the big economies in Africa,” he said.

“Nigeria, Angola, South Africa and Egypt are economies that you would need to think about.

“And I dare say these economies hold a lot of strong opportunities with opportunities for high yields and profitable projects.

“I can only seize this opportunity to encourage our friends in the foreign investment community to continue to take a look at Africa. Africa yearns for growth and development.”

Emefiele emphasised that African countries need support from the rest of the world to achieve growth.

“The opportunities are there; I can only continue to say let’s give the support to Africa, let’s give the support to Nigeria. We should all continue to work together for the growth, not just for our countries but for Africa as a whole,” he said.

Source: The Cable