Jersey’s evolving political, commercial and cultural ties with the African continent were highlighted through the launch of a new publication at an event in London last week.
Produced by Jersey Finance, the publication, entitled ‘Jersey’s Relationship with Africa: Political, Commercial and Cultural Connections’, was unveiled at a Commonwealth Enterprise and Investment Council (CWEIC) event on Thursday 27 February, held at Marlborough House, St. James.
As well as illustrating Jersey’s longstanding relationship with Africa, the publication examines how Jersey is continuing to diversify its links with Africa by supporting both inbound and outbound African investment for private and institutional investors.
By drawing on a series of case studies, it demonstrates how Jersey helps source overseas capital to help drive economic growth, infrastructure development and job creation in Africa, while also showing how Jersey acts as a gateway for African investors to access new and increasingly sophisticated opportunities in the UK, European and global markets.
The event was part of a wider project coordinated by Jersey Finance, the Government of Jersey and the CWEIC, ahead of the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda, later this year. In addition to launching the new publication, the event also sought to highlight the ongoing collaboration between Jersey and its Commonwealth partners, particularly in Africa, and explored Jersey’s role as a capital-raising hub for growth markets in Africa, and further afield across the Commonwealth network. Senator Ian Gorst, Minister for External Relations, Government of Jersey, and Joe Moynihan, Chief Executive, Jersey Finance, both spoke at the event.
Joe Moynihan said:
“Jersey’s ability to offer certainty and stability has long been vital in establishing Jersey as a trusted partner to support African investors with their cross-border wealth structuring and succession planning needs. However, Africa is a vast continent offering huge potential and, as a forward-thinking IFC, we are committed to supporting that potential in new and exciting ways – through African capital raising, helping corporates and families internationalise their wealth, and enabling investors to deploy capital into Africa safely and securely, for instance. It’s all part of an evolving relationship – and launching our new publication to such a key audience gives us a fantastic opportunity to illustrate that.”
Senator Gorst added:
“I am delighted that the Government of Jersey has been able to support Jersey Finance with the launch of this important publication. Jersey is working hard with international partners, many of whom are in the Commonwealth, to promote the Island as a constructive partner across a broad range of areas varying from, economic, cultural, conservation and developmental links.”
You can view or download a copy of ‘Jersey’s Relationship with Africa: Political, Commercial and Cultural Connections’ here: www.jerseyfinance.je/our-work/jerseys-relationship-with-africa