REGIONAL INVESTMENT

Inaugural Ecowas investment forum gets underway in Togo’s capital

By our African Marketing Confederation News Team | 2024

Leaders, investors, and development experts gather to unlock investment opportunities and drive economic recovery in West Africa.

The Economic Community of West African States (Ecowas) has kicked off its inaugural Ecowas Investment Forum in Lomé, Togo. It has been organised by the Ecowas Bank for Investment and Development (EBID), 

 

A cocktail event launched the official programme on Wednesday night (3 April) and plenary sessions are taking place today (Thursday, 4 April) and tomorrow.  

The Ecowas Bank for Investment and Development in Lomé.

Photo: Hermann Kass, Wikimedia Commons

 

The forum brings together leaders, investors, and development experts to unlock investment opportunities and drive economic recovery across the West African region.  

 

Discussions are focusing on critical sectors such as agriculture, infrastructure, energy, and healthcare. All are viewed as essential for fostering inclusive and sustainable economic growth. 

 

Speakers include Faure Gnassingbé, President of the Republic of Togo; Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organization; Dr George Agyekum Donkor, President of the EBID; and Dr Omar Alieu Touray, President of the Ecowas Commission. 

 

West African economy predicted to grow by 4% this year 

 

According to estimates by the African Development Bank Group, West Africa is expected to show growth of 4% in 2024 and 4.4% in 2025. Strong growth in most countries in the region is projected to offset slowdowns in Nigeria and Ghana. 

 

However, the announced withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States casts a shadow over the sustainability of gains amid growing uncertainty. 

 

There has been speculation that the three countries could potentially launch their own currency and form new logistical alliances, such as partnering with Morocco for port facilities. 

 

Founded in 1975, Ecowas allows the free movement of its citizens between its 15 member countries and, largely, the free movement of goods.  

 

The members of Ecowas are Benin, Burkina Faso, Cabo Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. 

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    Dr Kin Kariisa

    Group CEO - Next Media

    Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
    With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
    Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.

    Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.

    Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.

    • Other current and previous roles played by Dr Kin Kariisa:
    • Lecturer of e-Government and Information Security to graduate students at Makerere University, Kampala and Radbond University in the Netherlands
    • Director of Eco Bank Uganda Limited, one of the largest banks in Africa
    • Chairman of the National Association of Broadcasters, an umbrella industry association for all Television, Radio and online broadcasters in Uganda.
    • Chairman of Board of Directors of Nile Hotel International, that owns the leading hotel in Uganda, Kampala Serena Hotel.
    • Chairman of Board of Directors of Soliton Telmec Uganda, the leading telecom company in Optic fibre business managing over 80% of optic fibre in Uganda.