St. Kitts and Nevis Government-Led Afri-Caribbean Investment Summit Forges Historic Economic Alliance.

The Afri-Caribbean Investment Summit, held in Abuja, Nigeria in March 2025, marked a pivotal moment in the pursuit of economic collaboration between Africa and the Caribbean. Organized by Aquarian CONSULT and the Government of Saint Kitts and Nevis, the summit, themed “Bridging Continents: Africa and the Caribbean – A Partnership for Prosperity,” brought together political leaders, business magnates, and academics to forge a unified vision for economic advancement. The summit underscored the historical interconnectedness of the two regions and stressed the need for structured, long-term cooperation to overcome existing economic challenges and unlock their shared potential. The overarching goal was to move beyond fragmented discussions and establish a concrete framework for mutual growth and development, marking a shift towards proactive collaboration.

Prime Minister Dr. Terrance Michael Drew of St. Kitts and Nevis delivered a compelling keynote address, emphasizing the deep-rooted connection between Africa and the Caribbean. He called for leveraging the shared heritage and strengths of both regions to establish a dominant economic future, framing the relationship not just as a partnership, but as a familial bond. His vision encompassed a multi-faceted approach, including promoting climate resilience, developing sustainable energy solutions, implementing financial reforms, and empowering young entrepreneurs and small businesses. He highlighted Nevis’ geothermal energy project as a potential model for renewable energy development in the Caribbean and beyond, showcasing the region’s commitment to innovation and sustainable practices. Furthermore, Dr. Drew advocated for financial autonomy by proposing diaspora bonds and microfinance initiatives, aiming to stimulate local investment and reduce reliance on external funding.

The significant financial commitment from the Government of St. Kitts and Nevis in hosting the summit garnered both acclaim and controversy. While the event undoubtedly elevated the nation’s international profile, highlighting its dedication to global trade and diplomacy, critics questioned the allocation of resources given existing domestic challenges. The summit’s focus on renewable energy and financial reform positioned St. Kitts and Nevis as a proponent of sustainable development. However, concerns were raised regarding the potential returns on investment and whether the benefits would truly trickle down to the citizens. The lack of transparency surrounding the summit’s funding sparked demands for greater accountability regarding the use of taxpayer money, underscoring the need for clear communication about the government’s financial commitments.

Dr. Ameenah Gurib-Fakim, former President of Mauritius, emphasized Africa’s immense economic potential, particularly with the advent of the African Continental Free Trade Area (AfCFTA). She envisioned AfCFTA as a catalyst for transforming Africa into a global manufacturing hub, capable of competing on the world stage. However, she cautioned that realizing this ambition hinges on substantial investment in science, technology, and education. Dr. Gurib-Fakim stressed the importance of equipping African youth with the necessary skills to navigate the complexities of a globalized economy, highlighting the need for a robust educational foundation to capitalize on the continent’s vast resources and ambitious goals. Without such investment, she warned, Africa risked squandering its potential for transformative growth.

Aisha Maina, General Managing Director of Aquarian Consult, echoed the sentiment of self-determination, declaring an end to externally driven development agendas. She advocated for Africa and the Caribbean to define their own growth trajectories and invest strategically in their future, emphasizing the importance of self-reliance and internally driven progress. Maina championed the concept of a “Global Africa,” a unified force transcending geographical boundaries and leveraging the shared heritage of the African diaspora to build a self-sustaining economic powerhouse. This vision underscores the potential for a powerful global network of African-descended individuals and nations working collaboratively to achieve economic prosperity and global influence.

Professor Benedict Okechukwu Oramah, President of the Africa Export-Import Bank (Afreximbank), reinforced the call for leveraging the combined natural resources and intellectual capital of both regions. He envisioned a future where Africa and the Caribbean emerge as a dominant global force, reshaping international trade dynamics. This powerful alliance, he argued, has the potential to challenge existing global power structures and create a more equitable and prosperous future for its member nations. The summit, therefore, served as a platform not only for discussing collaboration but also for envisioning a future where Africa and the Caribbean play a leading role in the global economy.

The Afri-Caribbean Investment Summit served as a catalyst for a paradigm shift in the economic relationship between Africa and the Caribbean. It laid the groundwork for a potential economic powerhouse capable of challenging established global players. By fostering innovation, trade, and self-sufficiency, the summit translated rhetoric into action, igniting a movement with the potential to reshape the global economic order. Moreover, the summit signaled a proactive approach by both regions, demonstrating a commitment to creating opportunities rather than passively waiting for them. This collaborative spirit, coupled with a renewed focus on self-determination and strategic investment, positions Africa and the Caribbean for a new era of economic growth and global influence.