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“The Bank’s ‘High Fives’ offer us an action driven blueprint for promoting sustainable development and inclusive growth in Africa,” said Dr. Mima Nedelcovych, IGD’s President & CEO.“Our Frontier 100 Forum will bring together executives and investors from sector-leading companies operating on the African continent and high-level officials from U.S. and African governments to collectively address how to improve the overall enabling environment for business growth and to meet key development targets.” Dr. Akinwumi Adesina, AfDB’s President, will serve as the keynote speaker for the Forum’s opening address on Oct. 5 at the Rayburn House Office Building on Capitol Hill, where he will set the stage for a full-day of engaging panel discussions on the “High 5s”.
“The African Development Bank has raised the bar on its level of ambition for Africa,” said Dr. Adesina. “We have charted a bold and ambitious program known as the High 5s, namely: Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; Improve the Quality of Life for the People of Africa. The High 5s strategies are now being rolled out. Their implementation, which has begun in earnest, will help the continent make significant progress in its development efforts.”A special bipartisan legislative session with congressional staffers of the House and Senate Subcommittee on Africa, will review U.S.-Africa policy legislative bills and give an update on progress, to date. The session will also weigh in on how the African private sector can provide Congress with valuable insight on legislation relating to business and investment in Africa. The Forum will open with an afternoon session on Oct. 4, on Chinese investment in Africa. The half-day session, Chinese Investment in Africa: A Balanced View of China’s Role and Impact on Africa’s Private Sector, will draw a comparison between Chinese investments in Africa with other countries and explore the prospects and challenges of trilateral cooperation between Chinese, American, and African companies. The Fall Forum will also unveil the Africa Investment Rising (AIR) Campaign, a new IGD communications and advocacy campaign to amplify the voice of Africa’s private sector leaders and encouraging greater global business investment in the African continent. Report findings from the culmination of a yearlong comprehensive organizational assessment of the operations of the Nigeria-based Foundation for Partnership Initiatives in the Niger Delta (PIND) and its U.S-based strategic partner the Niger Delta Partnership Initiative Foundation (NDPI), will be released at a luncheon session. Prior to the World Bank/IMF Annual Meetings, IGD Frontier Leaders are invited to attend Africa Investor’s CEO Investment Summit, an annual CEO business and government leadership forum on Oct. 6. The Summit, organized in collaboration with IGD, is an extension of the Frontier 100 Forum. Frontier Leaders can attend for a special negotiated rate. To register, click here. *CONTACT: Shanta Bryant Gyan * Initiative for Global Development * shanta@sbgcommunications.com * 202-412-4603