• Although Nordic investors have historically approached Africa with caution, there are signs that this trend is shifting.
• For example, bilateral trade between Norway and Africa has grown from $3.1 billion in 2018 to $5.2 billion in 2022, marking a 68% increase.
• Africa is seeking strategic partnerships to foster the continent’s economic growth, enhance its political identity, and bolster its global standing.

Investors from Ireland and Nordic countries are being encouraged to consider Africa as a promising destination for their investments, as the continent holds significant growth potential.

This call comes in the wake of an official visit by Prof. Kevin Chika Urama, the Chief Economist of the African Development Bank Group, to Denmark, Finland, Ireland, Norway, and Sweden.

The African promise

Prof. Urama noted that Africa’s projected population boom, which could make it the world’s most populous region by the end of the century with up to 3.4 …

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