Kenya: Dahabshiil Optimistic of Increased Investments After UK-Africa Summit

The increasing African population is presenting the world with an important opportunity to do business and invest in the continent. African countries have been looking to a much wider range of partnerships recently, including most notably with China, which has a much more dynamic economy.

The just concluded UK-Africa Investment summit in London early in the week could create more opportunities for Africa according to Dahabshiil Group Chief Executive Officer Abdirashid Duale.

SUMMIT

Mr Duale, who was present at the summit that was attended by 21 African delegations, said that Africa can no longer be ignored given the growing opportunities to do business in the continent.

"Africa's population is projected to be over two billion and it has the largest number of youth. Global entrepreneurs have seen Africa's fast-growing population and markets present important opportunities for business," said Mr Duale.

He added: "As Dahabshiil, we have invested in many countries in the continent, it is an honour to have been invited to participate in this summit, and deals have already been signed by the UK government and other African nations, with the aim of boosting jobs and growth in the future."

Dahabshiil is a leading money transfer company in Africa with presence in over 126 countries worldwide and a major presence in East and Horn of Africa.