The Municipal Chief Executive of the Korle Klottey Municipal Assembly, Hon. Alfred Allotey-Gaisie, has urged global investors to look towards Africa as the new frontier of growth, emphasizing the continent’s vast opportunities in infrastructure, energy, technology, and agriculture. He delivered this call during the opening session on “Africa’s Investment Appeal” at the World Forum in Moscow, Russia, where leaders from government, business, and academia gathered to discuss global investment trends.
In his address, Hon. Allotey-Gaisie underscored that Africa can no longer be viewed as a frontier market on the periphery of the global economy. Instead, it has become an emerging hub for sustainable, high-impact, and profitable investments. He pointed to the fact that many African nations, including Ghana, have rolled out significant policy reforms, introduced competitive incentives, and developed frameworks for mutually beneficial partnerships. These measures, he said, are designed to attract long-term capital and ensure that investments translate into inclusive development for citizens.
Speaking on the theme “Africa: A Prime Destination for Global Investment”, the MCE outlined the key pillars that are shaping Africa’s economic transformation. He highlighted the continent’s ongoing infrastructure drive, where governments are expanding road networks, building modern ports, and upgrading urban systems to lay strong foundations for accelerated growth. He also emphasized Africa’s untapped renewable energy potential, particularly in solar power. Despite holding an estimated 60 percent of the world’s solar resources, Africa currently receives less than three percent of global renewable energy investments—a gap that, if bridged, could unleash enormous benefits both for the continent and for global efforts to transition to clean energy.
Turning to technology, Hon. Gaisie drew attention to Africa’s rapidly expanding digital ecosystem, which is now among the fastest growing in the world. From artificial intelligence to financial technology, agricultural innovations, and digital health solutions, African startups and innovators are driving new forms of inclusion, productivity, and global competitiveness. He noted that the technology sector is not just creating wealth but also opening doors for millions of young people to participate in a digital economy.
On agriculture, he stressed that the continent is moving beyond subsistence farming towards the development of integrated value chains. With advances in modern farming techniques, agro-processing, and food distribution systems, Africa is positioning itself as a reliable supplier to meet rising global food demand. He remarked that this transformation in agriculture not only holds promise for global food security but also has the potential to lift millions out of poverty by creating sustainable livelihoods across rural and urban communities.
A central theme in Hon. Allotey-Gaisie’s presentation was the role of Africa’s young population. With nearly 60 percent of its people under the age of 25, Africa stands out as the world’s youngest continent. Combined with some of the fastest-growing economies globally, this demographic dividend, he argued, provides a unique advantage: a large, dynamic, and entrepreneurial workforce ready to drive growth, innovation, and long-term returns for investors.
KoKMA MCE emphasized that investing in Africa goes far beyond financial profits. It represents a commitment to building sustainable growth, promoting global equity, and securing long-term prosperity for future generations. He stressed that Africa’s development is closely tied to the global future, making the continent not merely a market to exploit but a genuine partner in addressing shared global challenges such as climate change, digital inclusion, and food security. “Africa’s rise,” he noted, “is a story of connection, not isolation. It is a story where technology, talent, and trade converge to shape a greener, more innovative, and more equitable future.”
The session, which attracted policymakers, business leaders, investors, academics, and experts from across the world, reaffirmed Africa’s role as a strategic partner in shaping the next era of industrial, technological, and socio-economic advancement. The strong interest expressed by participants underscored the recognition that Africa is not only the continent of the future but also an indispensable player in the present global economic landscape.
