The Africaribbean Trade and Investment Forum 2025, held last Monday and Tuesday in Grenada, was a fitting warm-up act for Emancipation Day on Friday, or in other Caribbean countries, the first Monday in August, which is tomorrow.
The two regions had a thriving trade for more than 400 years—the trade in humans. Slaves, lucrative cargo of the Middle Passage. Now, Africa and the Caribbean are making serious moves towards less painful trade links.
The Cairo-based African Export-Import Bank (Afreximbank) and the Government of Grenada jointly staged the forum, which brought together more than 2,000 delegates from 80 countries from the Caribbean and Africa. There was also a heavy presence from other diaspora countries, such as the UK.
In town for the conference were prime ministers from about half a dozen Caricom countries. Notable absentees were Dr Irfaan Ali, the leader of the country with the fastest-growing economy of them all, and Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar. Ali is in the middle of a campaign for the general election on September 1. More significant was the absence of the T&T PM, about which I’ll have more to say in a while.
The final communique said that more than US$300 million in new deals was generated over the course of only two days. That’s not counting the size of the overall pledge to the Caribbean—US $3 billion. President and Chairman of the Board of Afreximbank, Nigerian Prof Benedict Oramah told the conference that US$2.5 billion in deals were already in the pipeline.
Grenada, the host country, has done well out of Afreximbank. A US$250 million state-of-the-art, modern hospital, aimed at creating an international market in high-class medical provision. I dislike the term “medical tourism”, but that is its stated aim.
While the Caricom leaders watched, Aliko Dangote—the blunt and no-nonsense Nigerian billionaire listed by Forbes Magazine as the wealthiest Black person in the world—announced by teleconference that he was establishing a research and policy development centre in Grenada to accelerate African and Caribbean integration. It was the first time that Grenadian PM Dickon Mitchell was hearing of it, but he was no less thrilled.
Dangote had visited Grenada earlier in the year and had made it clear that Caricom countries’ visa requirements for Africans were a hindrance to the free movement in which trade thrives. He advocated a streamlined online system or visa on arrival.
“Your mainstay is tourism,” he had told Mitchell in February. “If the visa is difficult, how do you expect to have people visiting your nation? The Caricom economy can double because you will see a massive inflow of people coming.”
In one of the best speeches of the conference, Kanayo Awani, Executive Vice-President for Intra-African Trade and Export Development of the bank, had drawn the line of history. The COVID-19 pandemic five years ago helped to bring the regions closer.
“When fear and uncertainty gripped our nations, Afreximbank … through a US$2 billion facility, supported the procurement of 400 million doses of vaccines for African Union member states and the Caribbean,” Awani said. The other significant contributor at the time was India. Awani said something shifted in Africa.
“It wasn’t just a strategic directive … it was a call to correct a historical wrong. Africa and the Caribbean had shared pain, struggles, and historical injustice—but we have not shared economic destiny. That had to change.”
T&T deserved to have its principal in the room, but the PM, we were told, had too many pressing matters to attend to at home to advance her country’s interests in a neighbouring island 40 minutes away. She did invite members of the bank to Port-of-Spain for a photo op and brief meeting two days later, but sadly, the president of the bank was unable to make it.
It has become clear that the barest physical demands of the job are beyond the prime minister (who, nevertheless, remains rhetorically and mentally sharp and in command of her briefs), and it goes far beyond her obvious inability to undertake overseas travel. In my next column, I’ll say why she and her Cabinet colleagues should be starting the conversation about succession.