Spotlight on African growth
BUSINESS| June 14, 2010, 6:34 p.m.
Business leaders from Africa and around the world will meet in London next week for the 2010 Africa Business Forum, where talks will be held in how business and government can best design a sustainable growth strategy for Africa in the new global economic environment. The results of the Forum will be communicated to the G8.
The Forum is the latest in a series of think tanks to look at African development, with ICTs coming under discussion for their role in economic and social development. The recent fifth World Telecommunication Development Conference in Hyderabad, India, looked at priorities for the development of ICTs. That event ended with an ambitious roadmap for African development being issued.
Also recently, the Africa Progress Panel headed by Kofi Anan, presented an Africa Progress Report. which called for more education initiatives, empowerment of women and incentivisation of connectivity and the use of ICTs, aong other things.
The report said: “ Despite significant progress, Africa still lags behind in terms of both information hardware and the use of information and communication technologies in management, entrepreneurship, development, social networking and accountability. But Africa’ s “ connectivity deficit” also creates opportunities to leapfrog expensive and outdated technology and to learn from experiences elsewhere. We call upon African leaders in both the public and private sectors to advance results-oriented partnerships around plans to connect the continent, including schools, health centres, farmers, local authorities and the media.”
The Africa Progress Panel called for a more assertive approach from African leaders to translate the continent’ s “ immense resources” into social benefits for its people. The report warned that “ Africans beyond elite circles are not benefiting sufficiently” while at the same time there was great scope to improve Africa’ s partnerships with the Global South.
Next week’ s Africa Business Forum, to be opened by Philemon Yang, Prime Minister of the Republic of Cameroon, will focus on how business and government can best design a sustainable growth strategy for Africa in the new global economic environment. It will discuss the practical partnerships which business is taking on job creation, enterprise, trade, investment and good governance across the continent, and discuss how we can strengthen capital flows and trade.
The Forum will also be addressed by Ministers from Rwanda, Zambia, Namibia, Cameroon and newly appointed Hon. Stephen O’ Brien MP, Parliamentary Under Secretary of State, DFID, UK. Business Leaders from the UK, South Africa, Rwanda, Kenya, Zambia, Zimbabwe, Israel, Canada, Uganda, Nigeria, Tanzania, Australia and the US will also address the meeting.
MORE BUSINESS NEWS
MTN SA CEO resignsMTN Group today announced the resignation of Ahmad Farroukh, CEO of MTN South Africa, which is effective 31 July 2015. Read More
Diamond Bank CEO wins Best Digital Banker of the YearDiamond Bank Plc’s CEO, Uzoma Dozie, has won the Best Digital Banker of the Year award of the American Banker, Bank Technology News. Read More
DHL to invest millions of Euros across SSA in 2015DHL plans to invest millions in upgrading its shipment handling systems and facilities in SSA this year. Read More
Ebenezer Asante to assume CEO role of MTN GhanaEbenezer Twum Asante will officially assume the position of Chief Executive Officer for MTN Ghana, effective 1st July, 2015. Read More
Nomanini scales West African footprint with Transaction Solutions partnershipSouth African-based portable Point of Sale (PoS) service provider Nomanini has signed an exclusive agreement with Transactions Solutions Ghana Limited to substantially scale numbers of its cloud-based PoS terminals in Ghana. Read More
Online procurement system for East Africa goes liveKenyan IT start-up M-Tenders Systems has created East Africa’s first live online procurement system, www.m-tenders.com. Read More
Customer experience starts with staff experienceCompanies seeking to improve customer experience to boost business may be overlooking a critical component in the mix: staff, says new Interactive Intelligence research. Read More
MasterCard, Ecobank Group to accelerate e-payment in SSAEcobank, Africa’s largest bank by geographical reach, will roll out MasterCard payment solutions to millions of its customers in Africa. Read More
Travellers more tech savvy78% of global travellers are using digital information while planning their trips; 66% resorting to digital sources for travel tips at the destination, says Visa. Read More
Standard Chartered appoints Chief Innovation OfficerStandard Chartered Bank says it has appointed Ms Anju Patwardhan as the Bank’s first Group Chief Innovation Officer, effective 1 July 2015. Read More
FEATURED STORYIHS plans to inject fresh $500m to grow capacity
Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.