Europe Seeks New Partnerships in Africa to Spur Economic Growth
• Europe's long-term economic growth relies on developing relationships with rapidly expanding frontier markets like Africa • Over history, Europe's presence in Africa was often not a fair or equitable relationship • Europe now lacks regulatory and fintech connections with African frontier markets • European businesses struggle with regulatory arbitrage and outdated financial links to expand to new markets • Fixing issues with regulations and financial connections could support Europe's economic growth, like with marginal gains for 2024