17 September, 2024
Jiangsu, with Nanjing as its capital, is a powerhouse of economic activity in China. Known for its robust sectors in finance, education, technology, and tourism, Jiangsu attracts significant inbound and outbound investment, making it an ideal partner for international initiatives. This dynamic region set the stage for a groundbreaking event that promises to reshape financial services and economic development across three continents.
At ODBA, we are thrilled to announce a significant milestone in our mission to foster international economic cooperation and innovation. This week, we participated in the Nanjing London Financial Cooperation Innovation Exchange Expo, where we signed a strategic partnership aimed at enhancing financial services and economic development between China, the UK, and Africa.
The event was a remarkable opportunity to engage with founders and government officials, discussing partnerships, investment, scaling up, and the future of financial technology. Our day began with insightful conversations at the Nanjing Municipal Investment Promotion Centre, exploring potential synergies between Nanjing and UK companies. A highlight was meeting Madam Secretary Han Liming, a member of the Standing Committee of the CPC Jiangsu Provincial Committee, whose openness to business opportunities in both the UK and Africa was greatly appreciated.
We heard from Hu Shengrong, President of Nanjing Financial City, about partnerships and plans for Nanjing’s growth. Professor Conglai provided an overview of the Chinese economy, John McLean, OBE discussed building on existing partnerships, and Adizah Tejani emphasized the power of technology and collaboration.
. 
. 
. 
The signing of the agreement marks a commitment to promote exchange and cooperation between Sino-UK and Sino-African financial enterprises. This partnership will build a platform for financial openness, create a synergy for information sharing, and foster joint development. We will explore cooperation in emerging industries, including green energy and fintech, to achieve win-win results.
. 
Gbite Oduneye, General Partner at ODBA, expressed his enthusiasm for the partnership, stating, “This strategic alliance is a testament to our commitment to fostering global economic growth and innovation. By leveraging the strengths of China, the UK, and Africa, we aim to create a robust platform for financial services that will drive sustainable development and prosperity for all parties involved. This partnership will not only enhance financial inclusion but also pave the way for groundbreaking advancements in fintech and green energy sectors.”
. 
. 
We extend our gratitude to the China-UK Business Network, John McLean OBE, for hosting a fantastic delegation, Nzube Ufodike for his brilliant work, and all our colleagues and new friends from the delegation. Special thanks to Matt Burney, the British Consulate General, for his guidance and to his team Daniel Cowen MBE and Joshua Howey. We are excited for what lies ahead!
ODBA champion visionary founders who leverage technology to craft extraordinary success stories. Our portfolio boasts investments in 24 technology companies spanning 10 countries, generating more than 1,800 direct jobs and serving a vast community of over eight million users and customers. We take immense pride in the profound impact our portfolio companies have already achieved across the continent and eagerly anticipate future contributions to the transformative landscape of Africa.