CARICOM Strengthens Ties with Africa as Leaders Unite for Economic Growth at Afri-Caribbean Forum

Prof. Oramah Highlights Strengthening Africa-Caribbean Ties at 4th Afri-Caribbean Trade and Investment Forum

In an address at the 4th Afri-Caribbean Trade and Investment Forum, Prof. Benedict O. Oramah, President and Chairman of the Board of Directors of Afreximbank, reflected on the growing partnership between Africa and the Caribbean.

The gathering, attended by approximately 8,000 individuals, primarily from the African continent and the Caribbean, followed the recent 32nd Annual Meetings of the Afreximbank Group held in Abuja, Nigeria.

In his remarks, Prof. Oramah underscored the theme of collective self-reliance for the Global South amid a fragmented international landscape. He expressed gratitude to CARICOM member states for their strong representation at the Abuja event, specifically acknowledging leaders such as Prime Ministers Dickon Mitchell, Philip Davis, and Dr. Terrance Michael Drew.

“Cultural ties and shared economic interests between Africa and the Caribbean are deep and enduring,” Oramah stated, emphasizing the historical connection that binds the regions. “Here in Grenada, we find traces of our shared ancestry, which reminds us that despite separation, our bonds remain unbreakable.”

He says that this year’s forum is significant as it marks his final address as President of Afreximbank. Reflecting on the progress made since the inception of collaborative measures aimed at enhancing Africa-Caribbean trade, he noted that the partnership has yielded historic results, with thirteen out of fourteen independent CARICOM member states participating in recent agreements.

Prof. also Oramah highlighted the optimism that comes with the shared vision of transforming the lingering effects of historical injustices into opportunities for economic collaboration and growth. He emphasized that by moving beyond mere political declarations and focusing on actionable strategies, both regions can unlock sustained prosperity.

This year’s forum, hosted in Grenada, aims to cement further the foundation laid during previous meetings and to invigorate economic ties that benefit both Africa and the Caribbean.

The collaborative spirit, as demonstrated over the last few years, indicates a robust commitment to mutual progress and development. As discussions at the forum advance, Prof. Oramah’s call for unity among nations of African descent rings clear, reinforcing the importance of solidarity and strategic partnerships in a rapidly changing global environment.