Da­hab­shiil roots for US-Africa trade deals

The Star (Kenya) - - News -

Young African en­trepreneurs stand to gain more from en­hanced busi­ness part­ner­ships be­tween the United States and Africa ac­cord­ing to money trans­fer firm Da­hab­shiil’s CEO Ab­di­rashid Duale.

Speak­ing af­ter the just con­cluded US-Africa busi­ness fo­rum in New York, Duale, whose com­pany op­er­ates in the US and in Africa, says the open­ing of op­por­tu­ni­ties for African in­vestors in the US has helped turn around the lives of many.

“Through re­mit­tances from Africans liv­ing in the United States, those back home have been able to set up small busi­nesses and hence earn a liv­ing,” he said.

“Da­hab­shiil is a liv­ing tes­ti­mony of how the US-Africa busi­ness part­ner­ships have helped im­prove the qual­ity of life in Africa.”

In his re­marks dur­ing the close of the fo­rum on Wed­nes­day, US Pres­i­dent Barack Obama said he has noted that Africans do not just want aid.

“They want part­ners, not pa­trons. They want to do busi­ness and grow busi­nesses, and cre­ate value and com­pa­nies that will last and that will help to build a great fu­ture for the con­ti­nent,” Obama said.

“Our Global En­trepreneur­ship Sum­mits in Morocco and Kenya and our Young African Lead­ers Ini­tia­tive are giv­ing nearly 300,000 tal­ented, striv­ing young Africans the tools and net­works to be­come the en­trepreneurs and busi­ness lead­ers of the fu­ture.”

Early this year, Da­hab­shiil part­nered with the US Em­bassy in Kam­pala in an ini­tia­tive to help iden­tify youth tal­ent and spur in­no­va­tion in Uganda.

Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.