SOUTH AFRICAN AIRWAYS VACATIONS® INTRODUCES ITS 2018 COLLECTION BROCHURE
September 21, 2017 | 0 Comments
Fort Lauderdale, FL (September 20, 2017) – South African Airways Vacations® (SAA Vacations®) launches its 2018 Collection brochure, featuring an expanded portfolio of affordable air-inclusive vacation packages to a variety of destinations throughout Southern and East Africa. The new 2018 brochure features a curated collection of the most popular value-packed vacation packages along with product information on South African Airways (SAA) and South African Airways Vacations®. Once again, SAA Vacations® is offering a digital version of the Collection brochure to make it easier and more efficient for both travel agents and consumers to explore options and book an African vacation of a lifetime.
For 2018, SAA Vacations® has introduced an array of 15 new hotels and safari lodges, nearly doubling their product offering to some of the most popular destinations throughout Africa. From trendy four and five star hotels in cosmopolitan cities like Johannesburg and Cape Town to luxury safari lodges, where guests can experience the “Big Five” wildlife, the enhancement of the SAA Vacations® portfolio greatly increases travelers’ options of affordable air-inclusive luxury packages to Africa.
“SAA Vacations® offers exciting and varied itineraries to both Southern Africa and East Africa that are fully customizable to cater to both luxury and budget travelers,” said Terry von Guilleaume, president of South African Airways Vacations®. “We are excited to partner with some of Africa’s best hotels and lodges to bring spectacular packages for 2018. And with air-inclusive packages starting at just $1899, travel to Africa is more affordable than ever.”
Highlights of the SAA Vacations® 2018 Collection include exceptional value on some of their most popular air-inclusive packages:
“Captivating Cape Town” This 5-night package is designed for those travelers who want to explore the beautiful city of Cape Town. Starting at $1,899* (restrictions apply) per person and includes five-nights in Cape Town with deluxe accommodations, full day Cape Peninsula tour, half day Cape Wine lands tour with wine tasting , Hop-on-Hop off bus pass and ground transfers.
“Wine and Safari” This vacation package begins with a three-night stay in Cape Town, a full-day tour of the Cape Peninsula and the Cape of Good Hope. Then off to South Africa’s wine region with a two-night stay in the historical town of Stellenbosch and a private Winelands tour. The experience continues with a safari and accommodations at Kapama River Lodge for a three-night stay near the world-famous Kruger National Park to enjoy morning and afternoon game drives to view Africa’s Big Five. The 8-night package starts at $4,399** (restrictions apply) per person.
“Introducing Ghana” Explore Accra with this 5-night package, starting at $2,999* (restrictions apply) per person and includes deluxe accommodations in Accra, Kumasi, and Cape Coast, full day tours, private vehicle transportation and ground transfers.
The South African Airways Vacations® 2018 Collection brochure is available online, click here or below. Travelers are encouraged to contact SAA Vacations’® Africa specialists at 1-855-FLY-SAAV or their professional travel consultant. For more information about our 2018 Collection visit: www.flysaavacations.com.
All advertised air-inclusive packages are commissionable and can be customized for both groups and individuals. Tailor made itineraries are our specialty and our team of Africa Specialists are standing by to assist you in creating a vacation of a lifetime.
Aliko Dangote at UN General Assembly in New York: “Africa will become the food basket of the world” ; “Five of the twelve million jobs needed in Africa soon must be created in Nigeria”; “We should pray that oil prices remain low”
September 21, 2017 | 0 Comments
NEW YORK, United States of America, September 20, 2017/ — Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.”
In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, and Rwandan president Paul Kagame openly converse on Africa’s opportunities and challenges.
Both leaders underscored the ongoing movement to diversify African economies. In the case of Nigeria, Africa’s largest economy, Dangote stated “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,” he added.
In addition to agriculture Dangote cited Nigeria’s vast mineral resources and gas as well and the need to manufacture more goods locally for domestic consumption. Both he and President Kagame cited continued need for heavy investments in education and connected the need for young people to be well trained for the jobs of tomorrow.
Dangote predicted that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”
Dangote’s fortune which stems from cement, sugar, and other household commodities has expanded into fertilizer and other processed high-value goods. “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,” he told investors.
Mr. Dangote who is often cited as one of the most inspiring business leaders in the world today and a model for young entrepreneurs offered advice to Americans who tend to rely on outdated news and wrong perceptions of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.”
Dangote noted the Rwanda success story where he has business interests as an example of positive change, good governance and leadership, and where corruption has been cured. He cited a personal experience of offering a $100 US tip for services at the Kigali Airport to staff who refused to take money for work they were paid to do. President Kagame was praised for delivering the environment for growth he promised. “There is nothing African about corruption,” the Rwandan president added.
The session was moderated by Rosa Whitaker, former US Trade Representative and author of the AGOA (African Growth Opportunity Act), whose business consultancy is credited for helping both African governments and US companies develop commerce.
Launching of the new edition of Digital Africa, an innovation competition to take up the challenge of digital transition in Africa
September 21, 2017 | 0 Comments
|Deadline for startups to submit their projects on DigitalAfrica.AFD.fr is the 22nd of October|
|PARIS, France, September 20, 2017/ — For the 40th birthday of Proparco, the subsidiary of the Agence Française de Développement (AFD, French Development Agency) (www.AFD.fr) focused on private sector, AFD, Bpifrance (www.Bpifrance.fr) and the La French Tech (www.LaFrenchTech.com) have launched on 19 September the second edition of Digital Africa, a startup competition and digital innovation to support sustainable development in Africa. The first edition of the Digital Africa challenge, launched in October 2016, received more than 500 applications and rewarded 10 start-ups which convinced the judging panel on the potential impact of their innovation. Building on this success, AFD, Bpifrance and La French Tech have decided to renew the experience with the objective of offering a long-term support to the emergence of mature and solid digital ecosystems, catalysers of new economic opportunities.
Digital technology, a great accelerator of Africa’s development
Digital revolution is transforming the African continent. It’s an innovative catalyst that revolutionizes economies and societies. Ecology, energy, culture, education, artistic creation, governance, and media: digital technology has a transversal and multiplying impact in all those key sectors.
“Digital innovation is abundant in Africa. Africans are making a technological leap that accelerates the emergence of the continent. Through Digital Africa, AFD supports emblematic start-ups of the digital African ecosystems, and fulfils its mission of development in the service of education and innovation, in the digital age. Development is now moving in both directions, between the two shores of the Mediterranean” – Rémy Rioux, AFD Executive Director.
Nicolas Dufourcq, Bpifrance Executive Director claims “We are proud to participate in the Digital Africa challenge and to support 5 French start-ups in their development on the African continent which nowadays offers great opportunities. This challenge represents a straight continuation of our action for the internalization of enterprises and their cooperation with the African continent”.
“Innovation in Africa is showing extraordinary development, ecosystems are being structured, and start-ups are spreading across the continent. By promoting the links between French and African entrepreneurs today, our ecosystems are building a common future. Digital Africa is for French Tech an additional step to bring this ambition with Africa”, David Monteau, La French Tech Director, Ministry of Economy and Finance.
A fully customized program
All the startup winners of this second edition of the Digital Africa challenge will benefit from a high visibility and access an international network of partners, clients and investors. They will be part of a community that gathers the best talents of digital innovation in Africa and for Africa, in order to share experiences and good practices.
The 5 African winning startups will be accompanied by the AFD through an “acceleration pack”, a customizable, technical and financial support up to a 30.000 euros value.
The 5 French winning startups will be accompanied by Bpifrance up to a 10.000 euros value support pack to strengthen their expertise and develop new opportunities on the African continent: Bpifrance Université training, networking and discovery trip to Abidjan and Cape Town with the French entrepreneurs community in the French Tech Hubs.
“For a young startup, Digital Africa offers a great opportunity to gain a continental and international visibility.” – Dieu-Donné Okalas Ossami, E-Tumba, winning startup of the first edition of Digital Africa.
What are the selection criteria?
For the second edition of Digital Africa, startups are invited to propose innovative projects linked to the following themes:
The relevance of the solutions proposed, their feasibility, sustainability and potential impact will be key criteria in the selection process divided in several steps:
Agence Française de Développement (www.AFD.fr), a public financial institution that implements the policy defined by the French Government, has been working for more than seventy-five years to combat poverty and promote sustainable development.
Bpifrance (www.Bpifrance.com) finances businesses from the seed phase to transfer to stock exchange listing, through loans, guarantees and equity. Bpifrance accompanies firms in their innovation projects on an international scale and in their export activities through a wide range of products. The support offered to entrepreneurs also includes consultancy, university, networking opportunities and accelerating programme for startups, SME and middle-market companies.
The Jim Ovia Foundation Pledges $2 Million to the Africa-America Institute to Support Higher Education
September 21, 2017 | 0 Comments
New York- 21 September, 2017- Mr. Jim Ovia, Founding Chairman of Zenith Bank, announced the establishment of a new scholarship program, The Jim Ovia Foundation Leaders Scholarship Fund, in partnership with the Africa-America Institute (AAI). The two million dollar pledge will finance four-year degree programs for high-achieving African students to attend world-class institutions around the globe. The announcement came during the 33rd Annual AAI Awards Gala.
African Women in Agriculture The Marrakech Declaration
September 21, 2017 | 0 Comments
The G5 Sahel Force: Burkina Faso in the fight against terrorism
September 21, 2017 | 0 Comments
In New York for the 72nd Ordinary Session of the United Nations General Assembly, the President of Burkina Faso, His Excellency Roch Marc Christian Kaboré, participated in a high-level G5 Sahel meeting on Monday 18 September.
The objective of the meeting was to make the international community aware of the urgent need to support the joint anti-terrorist force which will begin operations in October, despite having received just a quarter of its budget. In addition to the funding issue, discussions focused on the relationship between the G5 Force and the UN forces.
The summit brought together the presidents of the five Sahel bloc countries (Burkina Faso, Mali, Mauritania, Niger and Chad), French President Emmanuel Macron, African Union President Alpha Condé, President of the AU Commission Moussa Faki Mahamat, the head of European Diplomacy Federica Mogherini and UN Secretary-General Antonio Guterres. As a sign of growing US interest in the issue, a Homeland Security advisor was also present at the meeting. Burkina Faso, which has suffered several jihadist attacks, the first in January 2016 and the latest in July 2017, is tackling the problem head on. Among the measures taken by President Kaboré, who is calling for “a merciless fight against this global scourge”, and his Government are: the setting up of a full Department of Homeland Security and the appointment of a Minister of Defense, the redeployment of the security and defense forces (SDFs) in the north, equipping the SDF, strengthening international cooperation and joint operations with Mali (and with the French Barkhane force in particular).
Roch Marc Christian Kaboré will speak at the United Nations Forum on Thursday, 21 September. He will especially advocate for “a true people’s UN”. For the President of Burkina Faso, the changes of the world and the duty of justice for Africa demand a reform of the United Nations, notably within the Security Council. He will thus call on his counterparts to “build a more modern, stronger and more effective United Nations”. On the sidelines of the general debate, the President of Burkina Faso will take part in numerous panels and will meet with high-level personalities including UN Secretary-General Antonio Guterres. He will attend a High-Level Meeting on the Prevention of Sexual Exploitation and Abuse, the Summit for a Global Pact for the Environment, and an African Union (AU) demonstration on Harnessing the Demographic Dividend.
Burkina Faso strengthens economic ties with the US
As part of “Burkina Day”, President Kaboré chaired a roundtable organized by the Atlantic Council and the US Chamber of Commerce on September 18 on Ways and Means of Contributing to the Strengthening of Economic Relations between the United States of America and Burkina Faso. This was an opportunity for the Head of State to present to American businessmen the investment opportunities, the promising sectors and the reforms undertaken by the government to create an attractive business climate and to propose “the organization of a forum for US investors in Burkina Faso in 2018” and a “meeting on democracy and good governance”.
Roch Marc Christian Kaboré thanked the US government for renewing its confidence through the Second Compact of the Millennium Challenge Corporation (MCC) and explained to investors how the government of Burkina Faso has simplified and made transparent the procedures for the implementation of public-private partnership (PPP) projects. The following day, the President of Burkina Faso, the Prime Minister of Canada, the French President and the US Vice President attended a dinner hosted by the Atlantic Council.
National Plan for Economic and Social Development (PNDES): Focus on investment opportunities.
While at the UN, Roch Marc Christian Kaboré will present his vision on development policy in Burkina Faso and highlight the progress made by his country. Burkina Faso has embarked on an ambitious structural transformation project aimed at improving the living conditions of Burkina Faso through strong, inclusive and sustainable growth. The goal of the National Plan for Economic and Social Development (PNDES) by 2020 is to achieve an average growth rate of 7.7% and create 50,000 jobs per year. Developed through a participatory and inclusive process, the PNDES is based on three strategic pillars: “reforming institutions and modernizing the administration”, “developing human capital” and “Boosting sectors with strong economic and employment growth and job potential”.
At a meeting in Paris in December 2016, multilateral financial institutions, donor countries and private investors committed to mobilizing 28 billion Euros by 2020 to finance the PNDES.
Burkina Faso has thus undertaken major institutional and legislative reforms aimed at attracting, facilitating and securing investments to revive the economy. The desire to strengthen participatory democracy by placing citizens at the heart of the functioning of the State led the country to join the “Open Government Partnership” in 2016. The first National Action Plan is being drawn up with the participation of non-state stakeholders, civil society organizations and the media. Lastly, a preliminary draft constitution will soon be submitted to a referendum.
Activists in Dakar Demand End to Colonial-era Currency
September 19, 2017 | 0 Comments
Protesters gathered in several West African capitals Saturday to demand their countries abandon the CFA franc in favor of a common African currency. Passions over the issue have been reignited since Senegal arrested and expelled an activist for burning a CFA bill at a rally last month.
The PanAfrican Emergencies group called for the protest. Senegal recently expelled the movement’s founder, French-Beninese activist Kemi Seba, after he burned a 5,000 CFA note during a rally in Dakar in August.
France created the CFA in the 1940s for its African colonies. The CFA is pegged to the euro and guaranteed by national currency reserves deposited with the French treasury. Senegal is one of 14 countries in West and Central Africa’s two monetary unions still using the CFA.
At Dakar’s bustling Marche Tilene, many traders are interested in the debate, though the arguments remain more emotional than economic.
Shop owner Mariama Seydi also favors a new currency.
“I would like Senegal to have its own currency,” she said. “In the same way as we used to talk about the French franc, I would like us to say the Senegalese franc.”
Moudou Gaye, the head of Marche Tilene, agrees.
“We are Africans. We need to get organized and mobilized for a single currency,” Gaye said.
Advocates of the CFA say it has prevented inflation and instability. They point to the experiences of neighbors like Guinea and Nigeria as cautionary tales of going it alone. But critics argue the currency is too strong and stifles economic growth. Regional trade has expanded outside the eurozone to partners like China and the United States.
“When you have a currency fixed to a strong currency like the euro, it is easy to import. But when you want to export, your products cannot compete with other foreign countries,” said Ndongo Samab Sylla, an economist at Rosa Luxemburg Foundation.
Countries using the CFA are free to abandon it, but none of the 14 governments has announced any such intention. And for onlookers at this latest anti-CFA protest, this may be for the best.
“I do not blame them. Everyone has their way of thinking. But we will go nowhere if Senegal creates its own currency and leaves the CFA,” said Ahmadou Bamba Badiane, while watching the protest.
For now, the debate continues. But in the past year, the presidents of Senegal and Ivory Coast have publicly reaffirmed their support for the CFA, making it unlikely it will disappear any time soon.
Ambitious Road map in the works after Marrakech African Women in Agriculture (AWA)” Conference
September 19, 2017 | 0 Comments
African Women in Agriculture
Marrakech September 13, 2017
Radisson Blu Hotel
The Marrakech Declaration
We, the women attending the ”Believe in Africa – African Women in Agriculture (AWA)” Conference held in Marrakech on 11-13th September 2017 at the Radisson Blu Hotel.
We express our deep gratitude to His Royal Majesty, King Mohammed VI for his strong leadership in advancing the African continent’s economic development and his special attention to women.
We hereby make this declaration:
We thank Madam Mbarka Bouaida, Secrétaire d’Etat au près du Ministre de l’Agriculture Chargé de la Pêche Maritime for her leadership and commitment to women empowerment;
We thank H.E. John Dramani Mahama, Former President of The Republic of Ghana for his encouragement and unwavering support to women empowerment and specifically in the agricultural sector;
We express to the Ministry of Solidarity, Women, Family and Social Development our willingness to strengthen our collaboration;
We thank M. Abdelfateh Bjioui, WALI of Marrakech region – Safi for his hospitality and support;
We thank the leadership of Office Chérifien des phosphates Group (OCP Group) For their support to women empowerment in the agricultural sector;
We thank the Moroccan Agency for Social Development for their support to women specifically for revenues generating activities
We thank UN Women and US Africa Development Foundation for their support women particularly in Burkina Faso, Senegal and Mali;
After two days of deliberations resolved as follows:
- To establish an “Believe in Africa” Chapter in Africa;
- To create “African Women in Agriculture” initiatives (AWA).
- To institutionalize the annual “Believe in Africa African Women in Agriculture congress;
- Urge all stakeholders to:
- Create The “African Award for Media in Agriculture and Sustainable Development” to encourage media to promote African women in Agriculture image;
- Establish an “African Traditional Rulers Award” to encourage African traditional rulers to supporting women access to land;
- Establish an ”International Day of African
Women in Agriculture” with the aim of:
- Highlighting and increasing visibility of women’s role in agriculture and sustainable development
- Rebranding the image of women in agriculture;
- Launch the “One Roof = One Garden” initiative to promote food self sufficiency, to enhance youth and women job creation in urban areas and promote urban agriculture;
- Find creative ways to raise and mobilize funding to support African women in agriculture’ access to credit, finance services and business development services.
- Enhance competitiveness for African women in agriculture by guiding on ways to promote value added products, facilitating market access through proper labeling, safety, marketing and branding;
- Provide guidance to women on ways to improve safety and quality assurance measures with a view to gaining access to global markets;
- Advocate and search for an organization that will lead and support an African Certification and labeling structure, internationally recognized.
- Invest in capacity building programs for women along the entire agricultural value chain;
- Advise women on ways to have access to land ownership.
- Increase the use of mechanization and appropriate biotechnology for women in agriculture;
- Support women to access up to date information on agribusiness, technology and international best practices;
- Extend all agricultural incentives to women in Art and Handicraft.
Signed by Angelle Kwemo, Founder and President Believe in Africa
Approved by women attending African Women in Agriculture conference representing different nationalities (Cameroon, Morocco, Nigeria, Benin, Togo, Burkina Faso, Democratic Republic of Congo, Cote d’Ivoire, Ghana, Congo, Kenya, Chad, Guinea Bisau, Senegal, Mali, Cape Verde)
Official launch of NEPAD’s 5% Agenda initiative for infrastructure financing in Africa
September 19, 2017 | 0 Comments
|Bridging Africa’s $68bn infrastructure finance gap|
NEW YORK, United States of America, September 18, 2017/ — The New Partnership for Africa’s Development (NEPAD) (www.NEPAD.org) – African Union’s economic development programme gathered international investors and CEO-level business leaders at the NASDAQ Stock Market today, 18th September, for the launch of its 5% Agenda campaign.
The launch took place five years after a January 2012 African Union Summit adopted the Programme for Infrastructure Development in Africa (PIDA) which sets out 51 cross-border infrastructure programmes and more than 400 actionable projects in four sectors.
According to the World Bank, the continent needs to spend $93 billion annually (44% for energy; 23% for water and sanitation; 20% for transport; 10% for ICTs; and 3% for irrigation) until 2020 to bridge its infrastructure gap, which is currently removing an estimated 2% of GDP growth every year. On the other hand, Africa only managed to close 158 project finance deals with debt totalling $59 billion over the decade 2004-2013, which represents only 5 percent of infrastructure investment needs and 12 percent of the actual financial flows.
The 5% Agenda campaign highlights that only a collaborative public-private approach can efficiently tackle these issues and calls for allocations of institutional investors to African infrastructure to be increased to the declared 5% mark.
Speaking at the launch event in New York, Ibrahim Assane Mayaki, NEPAD Chief Executive Officer, commented: “Infrastructure plays a leading role in supporting growth on the continent. At the same time, it can represent an innovative and attractive asset class for institutional investors with long-term liabilities. By launching the 5% campaign in New York today, we invite investors to take advantage of the wide-ranging opportunities Africa has to offer and to move forward with what can only be a win-win partnership”.
The launch of the campaign gathered high-level international investors and business leaders, including members of the PIDA Continental Business Network (CBN) which is spearheaded by NEPAD and constitutes a CEO-level private sector infrastructure leaders dialogue platform on PIDA.
Tony O. Elumelu, one of Africa’s most prominent entrepreneurs and active participant in the CBN said: “Africa is getting stronger every day with new business opportunities and innovative ideas but what is still crucially missing is project implementation. A coherent and coordinated approach is needed to mobilize institutional investors while limiting their risk exposure. African governments need to work on creating conducive environments to attract these investments which are so vital for the continent’s growth and development.”
According to a 2016 McKinsey report, institutional investors and banks have $120 trillion in assets that could partially support infrastructure projects.
Now more than ever, Africa needs to tap into this available. As banks face additional regulatory challenges and as governments have limited fiscal space, it is becoming increasingly urgent to unlock additional flows from long-term institutional investors such as insurers, pension funds, and sovereign wealth funds.
For pension and sovereign wealth funds to be able to invest in large-scale infrastructure projects in Africa, a variety of issues need to be addressed to strategically and intentionally facilitate long-term allocations. Chief amongst these matters is the need to reform national and regional regulatory frameworks that guide institutional investment in Africa. Likewise, new capital market products need to be developed that can effectively de-risk credit and hence, allow these African asset owners to allocate finance to African infrastructure as an investable asset class to their portfolio.
All these issues are at the heart of the 5% Agenda roadmap, which is the backbone of NEPAD’s campaign and is foreseen to have the following impact:
Nigeria’s Boko Haram crisis: Zannah Mustapha wins UN award
September 19, 2017 | 0 Comments
A teacher who takes in orphans of both Islamist fighters and Nigerian army soldiers has won this year’s UNHCR Nansen Refugee Award.
“They are the best of friends,” Zannah Mustapha says of his pupils. “This should be a template for world peace.”
Mr Mustapha is the founder of one of the few remaining primary schools in Nigeria’s troubled city of Maiduguri.
He also negotiated the release of 82 so-called Chibok girls, kidnapped by Boko Haram.
A former barrister, Mr Mustapha played a crucial role mediating between the Nigerian government and the Islamists for the release of the abducted schoolgirls.
More than 100 of the 276 girls kidnapped from their school in Chibok in 2014 are still unaccounted for, and are presumed to still be in the custody of Boko Haram.
At Future Prowess Islamic Foundation School, the volunteer teacher provides the students with a free education, as well as free meals, uniforms and healthcare.
“We have the largest number of girls in school in the whole of region,” Mr Mustapha told the BBC’s Newsday programme.
He added that the children of a “senior member of the insurgents” were studying there.
The UNHCR Nansen Refugee Award honours those who give “extraordinary service to the forcibly displaced”.
Previous winners include Graça Machel, Luciano Pavarotti and Eleanor Roosevelt.
“Education is one of the most powerful tools for helping refugee children overcome the horrors of violence and forced displacement,” said UN High Commissioner for Refugees Filippo Grandi.
“The work [Mr] Mustapha and his team are doing is of the utmost importance.”
Mr Mustapha will be presented with his award at ceremony in the Swiss city of Geneva on 2 October.
Africa50 Gains Guinea and Democratic Republic of Congo as Shareholders; Highlights Strategy and Investment Pipeline
September 13, 2017 | 0 Comments
IGD Fall Frontier 100 Forum to Convene African and Global Business Leaders, Investors to Drive Action on Increasing U.S. Investment in Africa
September 12, 2017 | 0 Comments
African Development Bank and African Export-Import Bank (Afeximbank) will serve as Collaborating Partners for the IGD Fall Forum
Forum to host the Africa investor (Ai) Development Finance-Institutional Investor Roundtable
Fireside Chat with a top U.S. government official and Congressional Roundtable on Capitol Hill to focus on shaping U.S.-Africa trade and economic policy
WASHINGTON D.C. – September 12, 2017 – The Initiative for Global Development will hold its Fall Frontier 100 Forum on October 11-12, 2017, in Washington, DC, where African and global business leaders will convene to drive action on unlocking greater U.S. investment in Africa and African mid-sized companies for sustainable development and inclusive growth.
The invitation-only Fall Forum will be held on Capitol Hill and Covington law office in Washington, DC.
Under the theme “Growing the ‘Middle’: Investing in African Companies for the Continent’s Economic Transformation”, the Fall Frontier 100 Forum will bring together CEOs and senior executives from IGD’s Frontier Leader network to offer insight and scalable solutions on spurring investment opportunities to grow African companies and forge stronger business relationships between investors and African private sector leaders.
The tremendous growth of African mid-sized companies, maturation of African capital markets, bulging middle class, and steady economic growth are making the continent increasingly attractive for investment.
Yet, despite the growth opportunities, investment in the Sub-Saharan African region remains relatively low compared to other regions of the world. Private equity and principal investment capital under management in sub-Saharan Africa remain at only 0.1% of GDP, compared to approximately 1% of GDP in Western countries, cited a 2016 report by the Boston Consulting Group (BCG).
“African companies are the drivers of growth on the continent,” said Dr. Mima S. Nedelcovych, IGD President & CEO. “Given Africa’s rapidly evolving landscape, our Forum aims to focus on solutions and creative investment strategies to increase U.S. investment in Africa and dynamic African mid-sized companies that deliver high-returns and contribute to the continent’s economic transformation.”
The Fall Forum will host the Africa Investor (Ai) Development Finance-Institutional Investor Roundtable, which will feature a high-level dialogue led by key leaders from the Development Finance industry with counterparts from the institutional investment community. The discussion will center on new partnership strategies and vehicles available to de-risk and finance African infrastructure investment assets. African Ministers and DFI officials will offer responses to the roundtable discussion.
“African asset owners, principally pension and sovereign funds, allocate less than 1.5% of their assets under management (AUM) to infrastructure development on the continent, whilst Africa is struggling to mobilize private capital for its $50 billion plus, per annum infrastructure deficit,” commented Hubert Danso, CEO and Vice Chairman, Africa investor (Ai). “This Ai dialogue session will build on Ai’s leadership role over the last five years, creating product and execution risk reward alignment, between institutional investors, DFI’s and Ministers of Finance, to pursue infrastructure co-investments and institutional investor public partnerships (IIPP’s),” he added.
On October 11, the Fall Forum will open with an interactive investor session led by a team from PYXERA Global that will take participants through a real-time simulation that moves from traditional investor/implementer relationships to mutually beneficial collaborations that align business goals with growth and opportunity in Africa.
A Fireside Chat with a top U.S. government official followed by a congressional roundtable on shaping U.S.-Africa trade and economic policy to improve Africa’s investment environment will be held on Capitol Hill. An evening reception, sponsored by the African Development Bank, will highlight a congressional delegation visit to West Africa.
A full-day of forum sessions on October 12, will feature keynote addresses and engaging panel sessions on “Attracting Private Equity Investments to Propel Inclusive Growth Opportunities for African Companies”, “Strengthening the Value Chain: Financing Africa’s Agro-processing Industry”, and “Exploring Franchise Investment Opportunities: Win-Win for Building Africa’s Private Sector?”.
The Fall Forum will conclude with an evening reception to roll out a grassroots campaign on increasing U.S. investment in Africa. The grassroots campaign is part of IGD’s Africa Investment Rising campaign, a communications and advocacy effort aimed at changing the narrative on doing business in Africa by showcasing the continent’s business and investment potential and private sector leaders through multimedia storytelling, blogs and strategic traditional and social media outreach.
Forum sponsors, to date, include the African Development Bank and African Export-Import Bank as Collaborating Partners; Covington as Platinum Sponsor; Ex-Im Global Partners as Gold Sponsor; Clin d’Oeil Magazine as Silver Sponsor; and Africa investor as Organizational Partner.
For more information on the Frontier 100 Forum and to register as “Media”, please click here. To become a media partner or to cover the forum, contact Shanta Bryant Gyan, Initiative for Global Development at email, firstname.lastname@example.org or call 202-412-4603