AiPlc

African Green Infrastructure Investment Bank Announced By Institutional Investors

The African Sovereign Wealth and Pension Fund Leaders Forum announced and presented its Pan African Green Infrastructure Investment Bank (AGIIB) initiative, during The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development, hosted by the UN ECA. The AGIIB initiative recognises that the African green finance market, is highly fragmented representing a need to create a world class international pan African investment platform to mobilise this financing market and institutional capital at scale. The Forum’s AGIIB initiatives’ mission, is to create a specialist, independent and commercially run, pan African Green infrastructure Investment Bank, that is both green and profitable, with a pure green focus. The AGIIB initially seeks to raise $3bn-$5bn from African institutional investors and governments and mobilize approximately $20bn from G7 and G20 investment partners. The AGIIB’s model, is based on the successful UK Green investment Bank (UKGIB), model, which was seeded with £3.8bn of UK government capital, that has been admired and copied around the world. Africa needs $100bn per annum for the next 10 years, to address energy poverty across the continent, whilst at the same time has enormous renewable energy potential in the form of 10 terawatts of solar, 350 gigawatts of hydro and 15 gigawatts of geothermal. The Forum has established a high-level working group of African and international institutional investment leaders, governments and technical advisors, to structure the platform and present it during the upcoming African Union (AU), G7, G20 and COP 26 Summits. The AGIIB initiative also offers technical assistance opportunities for development partners, to participate in the set-up funding arrangements, where their mandates support catalyzing long-term domestic and international institutional capital for green infrastructure, to assist the continent’s post Covid-19 economic recovery.
We are proud to play our role as the continents institutional investment community, to champion and create a specialist green infrastructure investment platform, that supports the continents green transition, creates jobs, increases the continents share of the industrial green global economy, whilst at the same time delivers globally competitive risk adjusted returns for its investors.
– Hubert Danso, Chairman, African Sovereign Wealth and Pension Fund Leader’s Forum
The AGIIB initiative, was presented at a side event, held under the theme: ‘Institutional Investors and Green Investments in the Context of COVID-19, during The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development, hosted by the UN ECA. For more information on the African Green Infrastructure Investment Bank (AGIIB), contact: Mr. Hubert Danso, Chairman, African Sovereign Wealth and Pension Fund Leader’s Forum – Email: wedwards@africainvestor.com About the African Sovereign Wealth and Pension Fund Leaders Forum The African Sovereign Wealth and Pension Fund Leaders Forum, comprises the CEO’s, Chairmen and CIO’s, of Africa’s pre-eminent sovereign wealth and pension funds, determined to form new and innovative multi-stakeholder partnerships, to address climate change, the economic fallout of COVID-19, increase investment in African infrastructure, and realize the aspirations of the African Continental Free Trade Area (AfCFTA). To find out more, visit www.aiswpff.com https://youtu.be/8rEU9Za_YsM
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Ai AfricaPLC Releases AfCFTA E-Trade Digitalization Report

Ai AfricaPLC announced and presented today, its Roadmap Report on globalizing Africa eTrade in support of the African Continental Free Trade Area (AfCFTA), during the Ai African Electronic Trade Leaders Roundtable on Improving African Buyer Information and eTrade Documentation, in support of the African Continental Free Trade Area (AfCFTA). This was hosted by Africa investor (Ai) in collaboration with the AfCFTA Secretariat. The AfCFTA and digitalization is an economic gamechanger for Africa. Digital technology can translate into tangible socio-economic change, inclusive economic growth, and job creation on the continent, as it promotes financial inclusion, facilitates trade, and solves sustainable development issues. The AfricaPLC eTrade Roadmap Report is a call to action for the digitalization of the AfCFTA; for Africa to develop and innovate African-centric digital technology solutions that factor in socio-economic realities of the continent, including gender inequality, connectivity challenges, and access to reliable trade data. The Report’s recommendations have been developed to exemplify how they might be implemented, with examples of digital solutions already being explored on the continent and around the world. The recommendations are set out in five parts, with the following key points: Part 1 provides a perspective on the future of digital trade, and how trade data can be used to inform policymaking and develop financial products and services to promote financial inclusion, as well as how the digitalization and automation of trade regulation and compliance can create trust in the market, and provide robust financial crime controls. Part 2 canvasses the implementation of digital technology solutions in logistics and customs automation. Part 3 suggests ways in which digitalization can safeguard the increasingly complex and regulated world of trade finance, and how innovative solutions like regulatory and supervisory technology (RegTech and SupTech) can promote trade facilitation across the AfCFTA, assisting both regulators and the regulated. Part 4 provides a perspective on eCommerce and recommendations on boosting MSME digital trade. Part 5 highlights investment opportunities for digital infrastructure in Africa, and how the public and private sectors can collaborate to scale digital technology solutions in finance, healthcare, and agriculture. The AfricaPLC eTrade Roadmap Report’s call to action, follows a series of multi-stakeholder and multi-sector consultations, with a wide array of public and private sector organisations each offering rich and diverse perspectives and recommendations for a sustainable digital transformation in the implementation of the AfCFTA. There was a unanimous agreement that the AfCFTA, as a trade and development instrument, has the potential to be Africa’s Covid economic recovery stimulus, and the most competitive free trade area in the world, alleviating millions from poverty, by enfranchising SMEs – especially women and youth – by exploiting modern secure eTrade technology, and pursuing smart partnerships with the private sector during its rollout and beyond are pivotal to accelerating its success. Some of the key discussions within the Report unpack the following:
  • Digitalization for futureproofing
  • Legal reform and the right policy levers
  • Overcoming the challenges of interoperability of digital platforms
  • Digitalizing and harmonizing customs procedures
  • Regulatory transformation to attract more FDI into Africa
  • Digital infrastructure development
  • Trade data as infrastructure
  • RegTech & Regulation as a Stimulus (RaaS)
The Report was presented to H.E. Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, by Hubert Danso, CEO and Chairman Africa investor (Ai) AfricaPLC, during the Ai African Electronic Trade Leaders Roundtable. Participating Secretary Generals at the Roundtable included, John Denton, Secretary General, ICC; Vinco David, Secretary General, Berne Union; Kunio Mikuriya, Secretary General, World Customs Organization (WCO); and Peter Mulroy, Secretary General, FCI Association. During the high-level roundtable, AiAfricaPLC also launched AiAfricaPLC TradeDocs,  its electronic certificates of origin platform for Chambers of Commerce, Regional Organisations, Customs Authorities, Authorizing Bodies, Exporters and Freight Forwarders, and AiAfricaPLC Insights, which assists traders, banks and export credit agencies and insurers, conduct due diligence, evaluate supply chain governance and analyze commercial data from its database of 10 million African SMEs.
Africa’s digital trade facilitation and digital transformation are quintessential to the continent’s participation, and success in the Fourth Industrial Revolution.
AfricaPLC, as an innovative, fully integrated, and secure B2B and B2G multi-sector, industrial eTrade marketplace and FinTech platform, have important perspectives on how the AfCFTA can assist African economies leapfrog decades of development, in the wake of this health and economic tragedy. We therefore see this as a watershed moment, to innovate new products and generate and document our eTrade digitalization insights, that could support public and private sector policy breakthroughs. – Hubert Danso, Chairman, Ai AfricaPLC
Mr Danso went on to say, “We look forward to working with public and private stakeholders, to increase the AfCFTA’s global competitiveness, through the creation of modern digital trade corridors, powered by ‘supply chains of the future’, driven by forward-looking regulation and eTrade marketplaces that enfranchise African SMEs.”
Read the full Report here or on www.africaplc.com. For more information contact : Wendy Edwards – Email: wedwards@africainvestor.com   About Ai AfricaPLC – Globalizing Africa eTrade AfricaPLC, the eTrade platform of Africa investor (Ai), is an innovative, B2B and B2G multi-sector, industrial eTrade Marketplace and FinTech platform, focused on improving intra-African trade flows, cross border payments, supply chain transparency, logistics and access to trade intelligence and global markets. AfricaPLC provides, secure and easy to use transaction platforms and is continuously innovating blockchain and RegTech trade enabling solutions, to assist facilitate our clients and partners digitally originate, transact, track and settle B2B and B2G transactions across the African continent and worldwide. AfricaPLC is committed to connecting the African Continental Free Trade Area (AfCFTA) with global markets, by simplifying cross-border trade and procurement transactions for SMEs, large businesses, financial institutions and African governments.
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essDOCS and AfricaPLC partner to accelerate use of digital trade documents in Africa

Swieqi, Malta & Johannesburg, South Africa – 15 October 2020: essDOCS, the leading enabler of paperless trade, and AfricaPLC, the innovative B2B / B2G industrial E-commerce marketplace and FinTech platform focused on improving intra-African and cross-border trade, announced today a partnership to accelerate the use of digital trade documents in Africa.

The partnership will provide integrated electronic document capabilities for AfricaPLC’s network of trade stakeholders involved in African trade, including regional and international exporters, importers, banks, chambers of commerce and more.

Through the AfricaPLC-essDOCS partnership, trade participants will be able to access essDOCS’ CargoDocs solution to securely and instantaneously draft, review, amend, sign, issue, transfer, present and surrender relevant original electronic export documents such as the bill of lading, commercial invoice, packing list, etc. Furthermore, exporters or forwarders will be able to apply for and receive back electronic certificates of origin signed and stamped by the relevant African chamber of commerce.

The partnership between the two companies underscores AfricaPLC’s mission to globalize African eTrade and commitment to support the implementation of the African Continental Free Trade Area (AfCFTA), which connects the world's largest free trade area (by number of countries) with SMEs, MNCs, banks and government departments such as customs authorities. Trade under the AfCFTA is targeted to commence on 1 January 2020, as decided and announced jointly by the African Union heads of state on 17 June 2020.

Commenting on the AfricaPLC-essDOCS partnership, Hubert Danso, CEO & Chairman, AfricaPLC, said: “We are delighted to partner with essDOCS, who share our vision of paperless trade as the catalyst to improving intra-African trade and the continent’s access to the global economy. This innovative eTrade and Fintech partnership directly supports the pursuit of the UN Sustainable Development Goals (SDGs), the African Continental Free Trade Area and the African Union’s Agenda 2063.”

Alexander Goulandris, Co-CEO, essDOCS, said: “We are very excited to partner with AfricaPLC to extend the use of our digital trade solutions across the African continent. Our respective strengths will help accelerate digitization of trade for domestic, regional and global trades involving African trade stakeholders as well connecting AfCFTA countries with global markets.”

Work on the AfricaPLC-essDOCS integration is currently underway, with the first joint solution (electronic certificates of origin for African Chambers) due to be released in late October 2020.

About essDOCS essDOCS enables paperless trade. Its solutions digitize and automate paper-heavy processes, including: online creation/approval/management of all export documents (CargoDocs DocHub), data extraction and structure from paper documents and back-office automated checks (CargoDocs Auto-Document Processing), end-to-end eDocs management for original electronic trade documents such as Bills of Lading and Warehouse Warrants (CargoDocs DocEx), application/issuance of electronic Certificates of Origin (essCert) and fully digital documentary trade finance or supply chain finance under URBPO (Cmatch).

Over 53,000 companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions across 203 countries.

To find out more, visit www.essdocs.com

About AfricaPLC AfricaPLC is an innovative, B2B and B2G multi-sector, industrial eCommerce Marketplace and FinTech platform, focused on improving intra-African trade flows, cross border payments, supply chain transparency, logistics and access to trade intelligence and global markets.

AfricaPLC provides, secure and easy to use transaction platforms and is continuously innovating blockchain and RegTech trade enabling solutions, to assist facilitate our clients and partners digitally originate, transact, track and settle B2B and B2G transactions across the African continent and worldwide.

AfricaPLC is committed to connecting the African Continental Free Trade Area (AfCFTA) with global markets, by simplifying cross-border trade and procurement transactions for SMEs, large businesses, financial institutions and African governments.

To find out more, visit www.africaplc.com

Media contacts:

essDOCS Nicholas Demetriou nicholas.demetriou@essdocs.com +30 210 724 5960

AfricaPLC Wendy Edwards wedwards@africainvestor.com +27 11 7832431

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