World Economic Forum kicks off on September 6
Written by: Administrator
Monday, September 2nd, 2019, 9:21
The 28th World economic Forum on Africa is slated to take place on September 4 to 6 in Cape Town, South Africa.
The meeting is expected to hinge on the Sub-Saharan Africa’s ability of its leaders to create inclusive, sustainable growth at a time of rapid transformation in the Fourth Industrial Revolution.
“For the region to prosper in an increasingly globalized world, it needs transparent governance, competitive economies and peaceful societies,” said Elsie Kanza, Head of Africa at the Forum.
Top on agenda include, improving the funding and regulatory environments for start-ups; developing new partnerships for re-skilling and upskilling workers as well as identifying opportunities for green growth such as the circular economy.
Other topics include scaling-up e-commerce for rapid business growth, especially in the SME sector; and how to leverage the new Africa Continental Free Trade Agreement to drive regional integration.
Also high on the agenda are government policies and responsible business practices to provide a foundation for a more inclusive society. While globalization has driven economic growth, it is criticized for leading to unacceptable levels of income inequality.
Tackling corruption, universal healthcare provision and protection of workers in the gig economy all have a role to play in building more equitable societies.
This systemic change can only be achieved through multistakeholder collaboration,” he said.
The meeting is expected to attract 1,100 leaders from government, business and civil society, including ten heads of state or government. Top of the agenda will be new partnerships to create sustainable employment opportunities for Africa’s large and growing workforce.
“Africa, like all regions of the world, faces great challenges. The World Economic Forum brings top leaders together to create the conditions for socio-economic investment to happen,” he said.
At the forum, new initiatives are expected to be launched which include: The African Growth Platform, The Africa Risk Resilience Platform and the Africa E-Commerce Agenda.