Wednesday, July 17, 2024
HomeEventsThe Mediterranean opens up to the investment opportunities of the African continent

The Mediterranean opens up to the investment opportunities of the African continent

The 16th edition of the ‘New Africa Business Development Forum – NABDF’ will take place on the 20th of November in the framework of the leading economic event in the Mediterranean, MedaWeek Barcelona, organised by ASCAME (Association of the Mediterranean Chambers of Commerce and Industry), the Barcelona Chamber of Commerce, the IEMed (European Institute of the Mediterranean) and the Union of African Chambers of Commerce, to boost economic cooperation and trade between the Mediterranean, Europe and Africa. This edition, wich has the partnership of Malta Business, will tackle the new areas of cooperation, trade and investment that arise for businesses in the three regions and will also try to promote a new phase of economic development in Africa.

Entrepreneurs, experts and governmental and institutional representatives will meet in Barcelona to confront the challenges facing African economies in the sectors of agriculture, energy, logistics, technology and tourism. A forum in which various successful business models, innovative development solutions and best practices of companies from all over the continent will be presented. The Maghreb will also play a key role as main actor of influence between Africa, the Mediterranean and Europe.

Africa needs to create 20 million jobs every year, multiply the number of educational centers and improve its infrastructure to respond to its high population growth, which will reach 2,000 million by 2050. Employability and increased investments will be two of the main topics discussed in the first of the NABDF sessions.

However, although the African continent still requires multiple improvements in infrastructure, education and digitalisation, it shows a great potential in terms of energy that is currently being underused. The Mediterranean and Africa together concentrate 60% of the world’s solar potential. Some of the countries, especially those that are part of the global solar belt, accumulate around 3,000 hours of light yearly. The green revolution and renewable energies are one of the main pillars for development that will be discussed in the second session.

Countless are the business and investment opportunities that Africa offers to the world. However, for the continent to follow a peaceful and sustained development over time, territorial integration and peace become essential. The challenge now lies in the implementation of an African common market: a free trade zone that promotes exchanges. As a united entity, Africa becomes the world’s largest exporter of oil, gold, copper and cobalt. And this is just one of the multiple opportunities that would result from a greater economic openness, helping in turn to mitigate the problems of emigration, terrorism, poverty and underdevelopment.

MedaWeek Barcelona 2019 is organised by ASCAME, the Barcelona Chamber of Commerce, the Union for the Mediterranean (UpM), the European Institute of the Mediterranean (IEMed) and the Consorci de la Zona Franca. A platform for business cooperation that aspires to achieve a healthier, cleaner and more equal Mediterranean, that breaks old approaches and builds new relationships between the two shores of the Mediterranean.

More information about the event:  

More information about the New Africa Business Development Forum:

More information about ASCAME:


This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.


  1. […] The active research also avails itself of the collaboration of a Sulcitan tuna trap. It should in fact be remembered that in the sardinian area between Portoscuso, Gonnesa and Carloforte, the fixed tuna traps of Capo Altano, Porto Paglia, Isola Piana and Cala Vinagra, which are consortium members, carry on the ancient tradition of Arab origin of goldfin tuna fishing, which pass along the Sardinian sea route from the Atlantic to North Africa. This historical tradition represents the work of the Sulcitane tuna nets and their potential for development for the Blue Economy of the whole Mediterranean. […]

Comments are closed.

We are memberspot_img

Related articles

Pre-B7 Summit Event – “AI: The Missing Piece of the Productivity Puzzle?”

Attend the pre-B7 Summit on the future of artificial intelligence, organized by the Canadian Chamber of Commerce in collaboration with the Canadian Chamber in Italy. Discuss the future of AI on May 15 in Rome.

Malta launches the first Mediterrane Film Festival: a unique opportunity to celebrate Mediterranean cinema and culture

The Mediterrane Film Festival offers the opportunity to discover the cinema and culture of nine Mediterranean nations, as well as promoting the region's film industry.

The JA Europe 2023 Leadership Summit: Discussing the Future of Education and Entrepreneurship in Malta.

On 16 and 17 March, the JA Europe 2023 Leadership Summit will be held in Malta to discuss the future of education and life skills.

Funding focus
Discover the news in the dedicated section