Emperor Chris Baywood Ibe |
Emperor Ibe,
a native of Isu-Awaa in Awgu Local Government Area of Enugu State, gave this advice while presenting a paper, entitled:
“Intra-Africa trade: The key to
unlocking Africa’s trade potentialities,” at the 2015 UK-Uganda Trade and
Investment Convention held in London recently.
Tectono Business Review gathered
that the event was jointly organised by the Ugandan Convention and Uganda
Investment Authority (UIA) and was said to be the largest Ugandan-focused trade
and investment forum in Europe, attracting many African investors in the
Diaspora as well as government officials especially from Uganda and United
Kingdom.
Emperor Ibe,
a lone West African businessman who presented a paper at the forum, said that it
was only strong socio-economic and fiscal policies that could help African
entrepreneurs competing favourably with their counterparts from other
continents.
According to
him, African governments would need to establish attractive tax regimes,
eliminate barriers to inflow and outflow of African-owned investment, develop
requisite manpower as well as review import policies to favour local
businesses, among other investment imperatives.
While noting
that Africa has human and material resources that are capable to sustain the
world economy, Emperor Ibe stressed that about 60 per cent of world’s resources
lies on the continent and pointed out that African had become a desirable
destination for all manner of multi-national corporations to do business in
virtually all sectors of the economy.
He added: “We must therefore as Africans arise and take our destinies
in our own hands as President Barak Obama of US had pointed out recently during
his visit to Kenya that African development lies on the continent. So, we have
to encourage regional trade, construct Pan-Africa highways, remove restrictions
that hinder intra-African trade, promote peace and harmony for the economies of
various countries on the continent to flourish.”
In his
remarks, the Chairman of the convention, Mr.
Willy Mutenza, commended Emperor Ibe’s presentation while describing him as
an iconic entrepreneur with an accomplished track record of excellence in
Africa.
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