The Nigeria Mortgage Refinance Company Plc (NMRC) was amongst the 800 participants consisting of government and business leaders that attended the Corporate Council on Africa (CCA) U.S. and Africa Business Summit hosted in Washington DC .
As the leading U.S. business association solely focused on the U.S. and Africa trade and investment, the sessions at CCA’s biennial signature event – the U.S. and Africa Business Summit – primarily featured private sector solutions and how public-sector actors could support business through the provision of an enabling environment.
The speakers included Wilbur Ross, U.S. Secretary of Commerce, President Filipe Nyusi of Mozambique, and Dr. Akinwumi Adesina, President of the African Development Bank (AfDB).
The summit also provided a global opportunity and platform for NMRC’s CEO Professor Charles Inyangete to engage stakeholders on how data and lack of qualitative information is impacting the U.S. and Africa investment relationship. The sessions on information and communications technology presented a defining moment for NMRC to contribute towards the discuss on “Expanding Digital Financial Inclusion and Data: How Information Will Transform Business in Africa”.
It was noted at the session that about 168 million people will become connected in Africa in the next five years – the bulk of this will no doubt be in Nigeria.