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26 Sep 2024

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IDCA Leads Discussion of Digital Economies at UN-Week 4th International Trade and Investment Forum

New York – September 26, 2024. IDCA Chairman and CEO Mehdi Paryavi met with several African government leaders and other key global participants at the Foreign Investment Network International Trade and Investment Forum in New York, discussing plans to develop Digital Economies across the continent. Paryavi's efforts follow an announcement that IDCA is leading a US$50 billion pledge campaign to develop digital infrastructure and Digital Economies in Africa.

“We discussed the vital importance of natural resources to the future of these nations, and how data resources and the use of AI to leverage them is the key to achieve economic transformation and improve the lives of people in Africa,” Paryavi reported.

The discussions about developing Digital Economies in Africa included:

  • H.E. Kashim Shettima, Vice President of Nigeria
  • H.E. Patrice Trovoada, Prime Minister of São Tomé and Príncipe
  • H.E. Henry Dele Alake, Minister of Solid Minerals of Nigeria
  • H.E. Julius Mattai, Minister of Mines and Mineral Resources of Sierra Leone
  • Hon. Monica Changanamuno, Minister of Mining of Malawi
  • H.E. Moses Engadu, Secretary General of Africa Minerals Strategy Group
  • Hon. Eugine J.M. Kollie, Chair of Land, Mines, Energy, Natural Resources, and Environment, House of Representatives of Liberia.
  • Dr. Mairo Mandara, Senior Fellow at Children's Investments Fund Foundation (CIFF), Nigeria
  • Sheikh Shakhboot Nahyan Al Nahyan, Minister of State of Ministry of Foreign Affairs, UAE
  • Julia Yun Hulme, Managing Director, Omnia Strategy, UK
  • Olayinka Fayomi, Chairman Foreign Investment Network (FIN), UK

“The World Economic Forum and Forrester state that the world's Digital Economy will reach $16.5 trillion and capture 17% of the total global economy by 2028,” Paryavi noted after the discussions. “Africa's share of the world's Digital Economy is expected to reach at least $700 billion in this timeframe. The unique combination of abundant natural resources and massive human capital are essential for this growth in Africa.”

About IDCA

International Data Center Authority (IDCA) is a global leader in Digital Economy initiatives, providing investment opportunities, project support, and comprehensive integrated and AI-enabled solutions for key infrastructure and transformation projects globally, with a special emphasis on emerging markets.

IDCA is represented in more than 40 countries and active globally in North America, South America, Europe, Middle East, Africa, South East Asia, and Asia Pacific.


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