Connect with us

Hi, what are you looking for?

Banking News

Africa Needs To Be Competitive, Says Chike-Obi, Fidelity Bank’s Chairman 

Africa Needs To Be Competitive, Says Chike-Obi, Fidelity Bank's Chairman 
Africa Needs To Be Competitive, Says Chike-Obi, Fidelity Bank's Chairman 

Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity Bank, who spoke with CNBC Africa’s Kenneth Igbomor on the sidelines of the AFREXIMBANK Annual meetings in Nassau, the Bahamas.

Chike-Obi emphasized the importance of focused and sharp leadership in harnessing the continent’s strengths to achieve prosperity. He highlighted the need for Africa to identify areas of competitive advantage in producing goods and services efficiently to unlock its full potential.

He pointed out that success stories in areas like sports demonstrate Africa’s potential when leveraging advantages. However, he stressed the crucial role of collaboration and seamless interaction among African nations and regions for sustainable development.

READ MORE: Fidelity Bank: Here’s The Perfect Opportunity To Grab Your Slice

The chairman urged for enhanced integration to facilitate the movement of goods and services across the continent, emphasizing the necessity to work collectively towards common goals.

Chike-Obi also addressed the importance of prioritizing Africa’s strengths, such as power supply, through cohesive policies and agreements to drive economic growth. He emphasized the need for coordinated banking policies to promote financial integration within Africa and with external partners, emphasizing the significance of streamlined banking services and transactions.

The Chairman highlighted the African Continental Free Trade Area (AfCFTA) as a significant opportunity for economic advancement but called for more practical implementation to ensure its effectiveness. He underscored the importance of execution in translating policies into tangible outcomes for the African people.

Reflecting on the annual meetings and the discussions on trade and investment, Chike-Obi reiterated the critical importance of collaboration for Africa’s progress, emphasizing that unity and concerted efforts are essential for realizing the continent’s potential.

You May Also Like

BREAKING NEWS

In the Nigerian state of Ogun, tensions have been escalating between the state government and its workforce. This discord has been primarily fueled by...

Foreign

TOUCHAHEART – In a startling turn of events, former President Donald Trump survived an assassination attempt during a campaign rally in Butler, Pennsylvania. This...

Banking News

TOUCHAHEART – Against the background of groundswell of supports and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow...

Banking News

TOUCHAHEART – In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark...