New Telegraph

Nigerian Investors, Others Seal $3.5bn Deals In Indonesia

About 32 business partnership deals, covering agriculture, manufacturing and other key sectors of the economy valued at more than $3.5 billion have been consummated by African investors at the 2nd Indonesia -Africa Forum in Bali, Indonesia, the Director General for Asia Pacific and Africa Ministry of Foreign Affairs of the Republic of Indonesia, Abdul Kadir Jailani, has disclosed.

The Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), in a statement made available to New Telegraph in Lagos, quoted Jailani, as saying that 16 business agreements were signed between Indonesian MSMEs and African companies at the two-day exhibition, including visits from several African leaders.

The leaders are Presidents of Liberia, Joseph Nyuma Boakai, Rwanda, Paul Kagame, Ghana, H.E Nana Addo Dankwa AkufoAddo, Prime Minister of Eswatini, Ruseell Dlamini, and President of Zimbabwe, K.C.D Mohadi.

However, Nigeria’s Minister of Information and National Orientation, Mohammed Idris Malagi, represented the President of Nigeria, Asiwaju Bola Tinubu, as head of Nigeria’s delegation to the 2nd Indonesia -Africa Forum, in Bali, the capital of Indonesia.

The NCCI release pointed out that there was also a Memorandum of Cooperation (MoC) between the Ministry of Foreign Affairs of the Republic of Indonesia and Japan International Cooperation Agency (JICA) for development cooperation to Africa.

The NCCI release stated that during the IAF, country specific business forums led by the Indonesian Vice Minister of Foreign Affairs, Pahala Mansury, with several countries, such as, Nigeria, Kenya, South Africa, held forums on industry specific topics on Mining, Agriculture, Renewable Energy, health and food security.

President of the NigerianIndonesian Chamber of Commerce and Industry, Ishmael Balogun, led the Nigerian Business delegation to the IAF, including members of Nigerian Indonesian Chamber of Commerce & Industry, where several MOUs were signed.

On the sidelines of the 2nd edition of the Indonesia-Africa Forum, the 3rd edition of Indonesian Investment and Trade Forum (NIITF) 2024, took place at the prestigious Mulia Resort Bali, Indonesia. The session started with the tea break and familiarisation of participants from all around the globe.

The national anthem of both countries were recited and the President of the NCCI, Ishmael Balogun, gave his welcome remarks.

This was followed by the presentation from the Chairman of Signature Global Real Estate and Standard Trust Insurance, Prof. Salawudeen Bin Ahmed who delved into the opportunities in global insurance and the services they’ve provided for over 40 years in business.

The keynote address was delivered by Yomi Benson, CEO of Sahara Energy Singapore PTE Ltd. who highlighted the growth and trajectory of the Sahara group in commodities trading, upstream, downstream, power and gas and the unending opportunities in the renewable energy space.

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