{"id":16276,"date":"2023-12-12T11:34:30","date_gmt":"2023-12-12T11:34:30","guid":{"rendered":"https:\/\/10.81.104.155\/int\/?post_type=article&#038;p=16276"},"modified":"2023-12-12T13:10:22","modified_gmt":"2023-12-12T13:10:22","slug":"how-africaribbean-collaboration-is-forging-a-path-to-shared-prosperity","status":"publish","type":"article","link":"https:\/\/sponsorcontent.cnn.com\/int\/afreximbank\/how-africaribbean-collaboration-is-forging-a-path-to-shared-prosperity\/","title":{"rendered":"How AfriCaribbean collaboration is forging a path to shared prosperity"},"content":{"rendered":"\n<div class=\"wp-block-group has-white-color has-text-color has-background has-link-color wp-elements-c3fd0f2e5630451a4937e6d169f0c7e7 is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background-color:#005652\">\n  <style>\n    @media (min-width: 980px) {\n      .wp-block-hero__heading { font-size: 70px !important}\n      .wp-block-hero__sub-heading { font-size: 28px !important}\n    }\n  <\/style>\n\n<article class=\"wp-block-hero break-out\">\n\n      <div class=\"wp-block-hero__background\">\n                        <img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_00_15_22.Still004.jpg\" alt=\"\" class=\"wp-block-hero__background__image wp-block-hero__background__image--desktop lazy\">\n              \n          <\/div>\n  \n  <i class=\"wp-block-hero__overlay\" aria-hidden=\"true\"><\/i>\n\n  \n      <i\n    aria-hidden=\"true\"\n    class=\"wp-block-hero__custom-overlay\"\n    style=\"background-color:#000000;opacity:0.15\"><\/i>\n  \n  \n  <div class=\"wp-block-hero__intro-wrap container\">\n    <h1 class=\"wp-block-hero__heading\">How AfriCaribbean collaboration is forging a path to shared prosperity<\/h1>\n  \n      <\/div>\n\n\n  \n    <div class=\"wp-block-hero__content-by wp-block-hero__content-by--wrap container\">      \n      <ul class=\"wp-block-hero__logos\">\n                  <li class=\"wp-block-hero__item\">\n\n                          <a href=\"https:\/\/www.afreximbank.com\/\" target=\"_blank\" rel=\"sponsored noopener\">\n            \n                          <img data-src=https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2022\/12\/afreximbank_white-300x86.png alt=\"\" class=\"wp-block-hero__icon lazy\">\n            \n                          <\/a>\n            \n          <\/li>\n              <\/ul>\n    <\/div>\n    \n  <\/article>\n\n\n\n<p class=\"has-text-align-center has-large-font-size\">As Afreximbank highlights the need for economic partnership between Africa and the Caribbean, the&nbsp;<a href=\"https:\/\/www.afreximbank.com\/africaribbean-trade-and-investment-forum-2023-in-guyana\/\" target=\"_blank\" rel=\"sponsored\">AfriCaribbean Trade and Investment Forum<\/a>&nbsp;has emerged as a key component in finding a path to shared prosperity.<\/p>\n\n\n\n\t<article class=\"wp-block-video\">\n\t\t<figure class=\"container\">\n\t\t\t<div class=\"wp-block-video__wrapper\">\n\n\t\t\t\t<div\n\t\t\t\tdata-plyr-provider=\"vimeo\"\n\t\t\t\tclass=\"wp-block-video__player\"\n\t\t\t\tdata-plyr-provider=\"vimeo\"\n\t\t\t\tdata-plyr-embed-id=\"https:\/\/vimeo.com\/893702902?share=copy\"\n\t\t\t\t><\/div>\n\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t<\/article>\n\n\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">The Diaspora Strategy<\/h2><div class=\"wp-block-cnn-heading__content\"><p>Export-import bank Afreximbank is leading a transformative process that\u2019s strengthening the bonds between Africa and its diaspora.<\/p><p>Deepening economic ties between Africa and the Caribbean \u2013 where, despite historical connections, investment and trade have been negligible \u2013 is a vital step of this process, and has formed a major part of the bank\u2019s&nbsp;<a href=\"https:\/\/www.afreximbank.com\/afreximbank-announces-new-strategic-plan-targeting-90-billion-disbursement-over-five-years\/\" target=\"_blank\" rel=\"sponsored\">Diaspora Strategy<\/a>.<\/p><p>\u201cOur shared history has led to economic division and fragmented economies,\u201d says Kanayo Awani, Executive Vice President of the Intra-African Trade Bank at Afreximbank. \u201cWe now want to turn the iniquities of our past into a new beginning of shared prosperity.\u201d<\/p><p>The Diaspora Strategy\u2019s vision for a shared brighter future encompasses South-South trade agreements, investment programs and collaborative initiatives, all with the aim of charting a new economic path that could be worth&nbsp;<a href=\"https:\/\/african.business\/2022\/09\/trade-investment\/afro-caribbean-trade-could-increase-by-1bn-in-five-years\" target=\"_blank\" rel=\"sponsored\">up to $1bn<\/a> over the next five years.<\/p><p>But turning Afreximbank\u2019s vision into a reality requires spaces where communication and collaboration can thrive \u2013 spaces like the&nbsp;<a href=\"https:\/\/www.afreximbank.com\/africaribbean-trade-and-investment-forum-2023-in-guyana\/\" target=\"_blank\" rel=\"sponsored\">AfriCaribbean Trade and Investment Forum<\/a>&nbsp;(ACTIF).<\/p><\/div><\/div>\n\n\n<figure class=\"wp-block-image wp-block-image--full \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_41_02.Still023-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\">Potential unleashed<\/h2><div class=\"wp-block-cnn-heading__content\"><p>Introduced in 2022, ACTIF brings together over 1,200 delegates from 50 African and 13 Caribbean countries to address the developmental needs of both regions \u2013 covering everything from tourism, healthcare, and renewable energy, to shipping, agriculture, and education.<\/p><p>With the inaugural ACTIF unlocking US$1.5 billion for Caribbean Community and Common Market (CARICOM) member states to promote AfriCaribbean trade, ACTIF23 hoped to reach even greater heights.<\/p><p>Hosted in Guyana from October 30<sup>th<\/sup>-31<sup>st<\/sup>, under the overarching theme&nbsp;<a href=\"https:\/\/actif2023.afreximbankevents.com\/\" target=\"_blank\" rel=\"sponsored\"><em>Creating a Shared Prosperous Future<\/em><\/a><em>,&nbsp;<\/em>the 2023 edition of ACTIF sought to reinforce the importance of mutual prosperity within the context of pressing global issues.<\/p><p>\u201cWe live in regions that are highly susceptible and vulnerable to climate events,\u201d says President Irfaan Ali of Guyana, at the opening of ACTIF23. \u201cSo, it\u2019s important we work towards creating an ecosystem around CARICOM and Africa in which we start feeding into each other, rather than seeing ourselves as competing against each other.<\/p><\/div><\/div>\n\n\n<figure class=\"wp-block-image wp-block-image--full \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_43_11.Still025-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\"><strong>Identity, opportunity, and collaboration<\/strong><\/h2><div class=\"wp-block-cnn-heading__content\"><p>The success of ACTIF23 hinged on three foundational pillars &#8211; identity, opportunity, and collaboration \u2013 which not only served as guiding principles but encapsulated the threads that weave together these two regions.<\/p><p>In highlighting the shared experiences of many African and CARICOM nations, ACTIF23 created a space to acknowledge how shared identity can help build more meaningful connections and business ventures.<\/p><p>\u201cThere&#8217;s a common identity between Africa and the Caribbean,\u201d says Natasha Wilcott, Senior Advisor of Competitiveness and Export Promotion at the Caribbean Export Development Agency. \u201cJust recognizing that we are similar people has helped us to want to do more business.\u201d<\/p><p>The forum then looked to capitalize on the many opportunities that stem from the challenges faced by both regions. As Dr Carla Barnett, Secretary-General of the Caribbean Community, says:<\/p><\/div><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>One of the issues that we face in the Caribbean is lack of financing for export-import activity. Afreximbank is providing access to that finance, helping us to develop for ourselves<\/p>\n<cite>Dr Carla Barnett, Secretary-General of the Caribbean Community<\/cite><\/blockquote>\n\n\n\n<p>In widening finance access for Caribbean nations, Afreximbank is supporting the region to cultivate its economic capabilities. This is nurturing self-sufficiency, so Caribbean nations can contribute more meaningfully to the trading landscape.<\/p>\n\n\n\n<p>\u201cWe are hoping that there will be, as a result of the engagement at this forum, more uptake of opportunity, because at the end of the day, it&#8217;s the private sector that will grow that economic relationship,\u201d Barnett continues.<\/p>\n\n\n\n<p>Lastly, the collective commitment to collaboration led to several groundbreaking resolutions being inked at the forum. This included a communique that calls upon global bodies to fortify the African-Caribbean relationship through political alliances, bilateral trade, and, crucially, the establishment of a free trade zone.<\/p>\n\n\n\n<p>\u201cHaving trust, irrespective of the differences you may have politically, is critical to ensure that you can have significant collaboration among the countries,\u201d says Herbert Wigwe, CEO of Access Bank. \u201cWhat we&#8217;re now seeing is a coming together under a shared understanding of the future.\u201d<\/p>\n\n\n<figure class=\"wp-block-image wp-block-image--full \"><img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-100x56.jpg\" data-srcset=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024.jpg 1920w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-300x169.jpg 300w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-1024x576.jpg 1024w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-768x432.jpg 768w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-1536x864.jpg 1536w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-1247x701.jpg 1247w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-826x465.jpg 826w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-600x338.jpg 600w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-100x56.jpg 100w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-520x293.jpg 520w, https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_42_01.Still024-260x146.jpg 260w\" width=\"1920\" height=\"1080\" alt=\"\" class=\"wp-block-image__image lazy\"><\/figure>\n\n\n<div class=\"wp-block-cnn-heading\"><h2 class=\"wp-block-cnn-heading__heading\"><strong>Building a prosperous tomorrow<\/strong><\/h2><div class=\"wp-block-cnn-heading__content\"><p>As Afreximbank visualizes a brighter future for Africa \u2013 through trade, investment, and collaboration \u2013 ACTIF has emerged as the space where these visions can come to life.<\/p><p>\u201cAs we look ahead to the next 30 years, we see an institution that will be the engine to drive true growth, development, and transformation for our continent,\u201d says Dr. Benedict Okey Oramah, President of Afreximbank.<\/p><p>Standing as a testament to the potential that surfaces when Africa and the Caribbean work together, the success of events like ACTIF move Afreximbank one step closer to its goal of fortifying prosperity for Africa and beyond.<\/p><\/div><\/div>\n<\/div>\n\n\n\n<article class=\"wp-block-cta break-out\">\n\n\n      <div class=\"wp-block-cta__background\">\n                        <img data-src=\"https:\/\/sponsorcontent.cnn.com\/int\/wp-content\/uploads\/2023\/12\/231206_AFREXIM_ACTIF23_DIG_FIN.00_01_18_10.Still018.jpg\" alt=\"\" class=\"wp-block-cta__background__image wp-block-cta__background__image--desktop lazy\">\n                        <\/div>\n  \n      <i\n    aria-hidden=\"true\"\n    class=\"wp-block-cta__custom-overlay\"\n    style=\"background-color:#000000;opacity:0.5\"><\/i>\n  \n  <div class=\"container\">\n\n          <h3 class=\"wp-block-cta__heading\">Discover more insights from the ACTIF 2023<\/h3>\n    \n    \n    <div class=\"wp-block-cta__buttons\">\n              <a\n        href=\"https:\/\/actif2023.afreximbankevents.com\/\"\n        target=\"_blank\"\n        rel=\"sponsored noopener\"        class=\"button wp-block-cta__cta\">\n          Learn more        <\/a>\n      \n      \n    <\/div>\n  <\/div>\n<\/article>","protected":false},"featured_media":16277,"template":"","class_list":["post-16276","article","type-article","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - 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