Tuggar advocates for stronger Nordic-African business connections

The Minister of Foreign Affairs, Yusuf Tuggar, emphasized the need for deeper economic cooperation between the Nordic region and Africa during the Nordic-African Business Summit in Oslo. He highlighted the vast opportunities for growth on the African continent despite global challenges such as rising inequality and geopolitical tensions.

Tuggar called for stronger partnerships between the two regions and pointed out the dangers of increased protectionism and the shift away from globalization. He expressed optimism about Africa’s potential for growth and encouraged Nordic countries to tap into the continent’s expanding markets.

The Minister specifically urged Norwegian companies to consider increasing their investments in Africa, citing the African Continental Free Trade Area as a game-changer that could unlock billions in trade through tariff removals.

Tuggar praised Nigeria as a prime example of Africa’s growth potential, highlighting the booming fintech sector and push toward renewable energy. He called for more private sector involvement in driving Africa’s energy transition and emphasized the need for true partnerships, not charity. In conclusion, he referenced Norwegian pop culture, emphasizing the importance of mutual collaboration.