Former President Olusegun Obasanjo has called for more investments in Africa, stressing that the continent is in dire need of funding to develop critical sectors.
He made the comment on Wednesday during the Africa-Dubai Business Investment Summit organised by the Africa World Business Centre (AWBC) and Leaders Without Borders.
“I believe that Africa is crying for investments and there can be no better, auspicious period for investment in Africa,” the former Nigerian President added.
“Especially when you take all the things that have been happening in Africa and the world in general; the COVID-19 pandemic, the unpredictability of the situation, almost everywhere in the world and then of course, the uncertainty in the economic arena.”
While noting that in the past, there was limited knowledge about Africa, Obasanjo explained that business interactions between the United Arab Emirates (UAE) and the continent, should be a two-way thing.
“I would say that there has been substantial, tangible investment in the United Arab Emirates from Africa, particularly in the area of properties,” he said.
According to him, the insufficient knowledge about Africa is impeding the flow of investments into the continent.