Africa-Press – Angola. African business leaders have emphasized the importance of collaborating to secure financing from financial institutions in Africa and Europe for the development of the continent.
The idea was first presented on Monday in Luanda during the eighth Business Forum, which took place on the sidelines of the seventh African Union-European Union Summit in the Angolan capital.
According to Angolan businessman Adérito Areias, the event allows the business classes of both blocs to connect and find ways to access financing.
“We need banks to open doors for us to effectively create the desired development. Without money, there is no development,” said Areias.
He stressed, however, that banks need real guarantees and business leaders are not in a position to provide them. Hence, there is a need to have access to financial institutions for negotiation.
“Therefore, what we are trying to do here is see how we can do something within the forum because we believe it is extremely important for the country as well,” he stressed.
Stanislas de Saint Louvent, CEO of the French company Africa Global Logistics and Shipping, acknowledged Angola’s potential and said he is honored to participate in the country’s development.
He said the business forum offers opportunities but needs the combined efforts of public authorities. Companies are proposing European financing to accelerate the development and diversification of the Angolan economy.
“Our group has had a presence in some countries for over 60 years, so we are accustomed to dealing with difficulties. However, Angola offers many opportunities and ways to reduce risk for foreign investors, or non-Africans, who want to do business on the continent,” he stressed.
Louvent added that investing in Africa is not complicated. It’s a matter of being present and using the tools that organizations like the African Union and the European Union propose for investors.
With at least 600 participants, including business leaders, investors, and government officials from Africa and Europe, the initiative aims to promote economic cooperation and investment between the two continents. It will explore investment opportunities, present projects, and identify achievable results to unlock more funding.
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