COVID-19

African Institutional Investors Release Groundbreaking COVID-19 Response And Agenda 2063 Investment Report

Cornwall, Addis Ababa, Johannesburg, Cairo, Paris, Washington
Africa investor (Ai) today announced and presented The Investable Africa We Want Report, in support of Agenda 2063 and Africa’s response to COVID-19, during The G7-Africa investor Summit, held in association with the G7’s institutional Investor Leaders Network (ILN). African sovereign wealth and pension funds have been crucial to forming new and innovative multi-stakeholder partnerships; addressing climate change; the economic recovery of COVID-19; increase investment in African infrastructure; and realizing the aspirations of the African Continental Free Trade Area (AfCFTA). The Investable Africa We Want and Agenda 2063 Report resulted from the African Sovereign Wealth and Pension Fund Leaders Forum (ASWPFF) COVID-19 Consultative Roundtables on the role and response of African institutional Investors against the COVID-19 pandemic, held in collaboration with the African Union’s Continental Business Network (CBN). The ASWPFF Consultative Roundtables recognized that in combating the economic impacts of COVID-19, efforts must be informed by two urgent and mutually reinforcing components: (i) Immediate priority responses to protect African capital markets, micro-, small- and medium-sized enterprises (MSMEs), supply chains and the AfCFTA from the economic fallout of COVID-19; and (ii) Multi-stakeholder partnerships across government and industry to foster industry shifts and a regulatory requirement. The ASWPFF consultative process and its outcome recommendations were captured in a call-to-action statement (ASWPFLF policy statement), that was issued to policy makers and the investment community: The statement highlighted six key response areas, namely to:
  1. Pursue ESG-aligned and green infrastructure co-investment partnerships;
  2. Create the infrastructure necessary for African MSMEs, youth and women entrepreneurs to thrive in the new digital economy;
  3. Engage in policy partnerships with policy makers on framing the new regulatory environment and investment needs of the post-COVID-19 economy;
  4. Leverage the expertise and insight of African institutional investors;
  5. Consider directing funding for the economic recovery toward SWFs to invest in their local and regional economies, and;
  6. Coordinate and corelate responses with global peer institutional investors and private sector industry bodies.
At the request of policymakers and stakeholders, the statement was expanded into this comprehensive and actionable investment partnerships recommendations report in the form of The Investable Africa We Want and Agenda 2063 Roadmap Report. This report was compiled with technical support from Africa investor (Ai) Capital and RisCura, and it is Africa’s asset owner industry’s roadmap on economically futureproofing Africa, through asset owner investment partnerships, to invest forward better and greener, and build resilience for achieving Agenda 2063 against the backdrop of COVID-19. This report is a testament of the African investment community’s strong commitment and support for Agenda 2063; the African Union’s 5% Institutional Infrastructure Investment Agenda; the African Green Infrastructure Investment Bank (AfGIIB) initiative, and the AfCFTA. As the ultimate African asset owners’ statement of inter-dependence, the report is a rich feast of action-oriented and immediately-implementable proposals, with over 200 asset owner investment partnership recommendations, 100 futureproofing initiatives and 500+ investment products for asset owners and investment decisionmakers, including trustees and board members, and African governments, Ministers of Finance, central banks and development finance partners that can be pursued today. The Report sets out the required ingredients and recommendations, to assist clearing Africa’s infrastructure deficit of $100bn per annum for the next 10 years, , through expanded trade, the 5% and the 1% domestic and global infrastructure capital mobilization Agenda, re-orienting development partners programs and technical assistance, and increasing Africa’s infrastructure budgets to 5% of GDP. The Report was presented to Dr Ibrahim Mayaki, CEO, African Union Development Agency (AUDA), by Hubert Danso, Chairman, the African Sovereign Wealth and Pension Fund Leader’s Forum, the AU Continental Business Network (CBN), CFA New York Society Global Asset Owners Council, during high-level opening ceremony of the G7-Africa investor Summit, held in association with ILN. Participating leaders in the opening ceremony included; Dr Ibrahim Mayaki, CEO, African Union Development Agency (AUDA), Raila Odinga, AU High Representative for Infrastructure Development. Former Prime Minister, Kenya, and Amy Hepburn, CEO, ILN, amongst several African and global pension and sovereign wealth fund leaders and members of the African Sovereign Wealth and Pension Fund Leaders Forum.
“African institutional investors have important perspectives on how to build back better in the wake of this health and economic tragedy. We are experts at long-term investing and planning, and in the service of our continent and today’s interdependent and inter-connected world, we see this as a watershed moment to generate and document us invest forward better and greener insights, that could support public and private sector policy breakthroughs.
This and past pandemics have taught us that no geography, form of capital, sector, or social class is immune, and if a pandemic is not defeated everywhere, it’s not defeated anywhere.
I believe that investor leadership initiatives taken during this COVID-19 crisis, must be deliberate and lead to a burst of innovation and productivity, more resilient industries, institutional investor public partnerships (IIPP) at all levels, and the emergence of a digitally integrated African trade system and reconnected world.”
- Hubert Danso, Chairman, Ai, the African Sovereign Wealth and Pension Fund Leader’s Forum, the AU Continental Business Network (CBN) and the CFA New York Society’s Global Asset Owners Council
Mr Danso went on to say, “We look forward to engaging all stakeholders and interested parties on the proposals and recommendations in this report, and to collaboratively achieve Agenda 2063 and the ‘Investable Africa We Want’.”
The African Green Infrastructure Investment Bank initiative, also announced its newly established Advisory Board during the G7 – Africa investor Summit held in association with ILN. Read “The Investable Africa We Want and Agenda 2063 Roadmap Report” here or on www.africaplc.com.
AFRICAPLC.COM
Read more...

African Union Commission inaugurates African Continental Free Trade Area (AfCFTA) permanent secretariat as launchpad for Africa’s economic transformation

The African Development Bank Group provided a $5 million institutional support grant to the AU towards the establishment of the AfCFTA secretariat

ABIDJAN, Ivory Coast, August 18, 2020/APO Group/ --  At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda.

“The economic integration of Africa will lay strong foundations for an Africa beyond aid. Africa’s new sense of urgency and aspiration of true self-reliance will be amply demonstrated by today’s ceremony,” Akufo-Addo said.

Ghana was selected as the venue for the headquarters by African leaders during a Summit of AU Heads of states in Niamey in July last year, to launch the implementation phase of the agreement, which is expected to spur regional trade among member countries. Currently, 54 states have signed on to AfCFTA, out of which 28 have ratified.

President Akufo-Addo appealed to member states that have not ratified to do so before the next AU summit in December, “to pave the way for the smooth commencement of trading from 1 January 2021.”

The COVID-19 pandemic has heightened the importance of the success of the AfCFTA, the Ghanaian president said. “The destruction of global supply chains has reinforced the necessity for closer integration amongst us so that we can boost our mutual self-sufficiency, strengthen our economies and reduce our dependence on external sources,” he said.

AfCFTA, the world’s largest free trade area, has the potential to transform the continent with its potential market of 1.2 billion people and combined GDP of around $3 trillion across the 54-member states of the AU. Mahamat said the opening of the secretariat marked a milestone in the vision of Africa’s founding founders for continental integration. Wamkele Mene, the first Secretary-General of the AfCFTA, said the agreement offered an opportunity for Africa to confront the significant trade and economic development challenges: market fragmentation, small national economies, over-reliance on primary commodity exports, narrow export base, lack of export specialization, under-developed regional value chains and high regulatory and tariff barriers to trade. “We have to take action now. We have to take action to dismantle the colonial economic model that we inherited,” Mene reiterated. The African Development Bank Group provided a $5 million institutional support grant to the AU towards the establishment of the AfCFTA secretariat which is located in an ultra-modern office complex in the central business district of the Ghanaian capital. “The African Development Bank congratulates the AU/AfCFTA on the investiture of the Secretariat hosted by Ghana on 17 August 2020.The Bank is delighted to be associated with this groundbreaking, game-changing, transformational continental initiative in furtherance of the objective to create the Africa we want,” said Solomon Quaynor, the Bank’s Vice-President for the Private Sector, Infrastructure and Industrialization. “Our support to the AfCFTA is in keeping with the Bank’s role of continental leadership in helping to build special-purpose vehicles that are critical to the successful implementation of crucial institutions to accelerate Africa’s economic development objectives,” Quaynor added. The event also featured virtual goodwill remarks from AU Chairman, President Cyril Ramaphosa of South Africa, and Nigerien President Mahamadou Issoufou.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact: Kwasi Kpodo Communication and External Relations Department African Development Bank Email: w.kpodo@afdb.org

Read more...

Africa Energy Forum 2020 joins forces with the African Utility Week & POWERGEN Africa and Oil & Gas Council’s Africa Assembly to host Digital Energy Festival for Africa

The event will take place online from 20 th October – 26 th November 2020.

The digital platform will allow attendees to access content and networking offerings across all three market leading events with one point of entry, making it the largest ever energy event for the African continent marketed to a combined energy database of over 200,000.

Following the impact of the pandemic on the energy sector in Africa, the event will seek to address critical issues such as pivoting to digital, new financial models and innovative power generation sources to allow attendees to make decisions and formulate recovery plans.

Under the theme ‘The 5th Industrial Revolution,’ the Africa Energy Forum agenda will look ahead to the digitalisation of the energy sector.

Managing Director of EnergyNet Simon Gosling commented; “The impact of Covid-19 has clearly magnified the need to be able to deliver energy in times of crises. The 5 th Industrial Revolution theme will explore the relationship between energy and technology with purpose and inclusivity, seeking to understand how technological innovation can work hand in hand with humans to enhance energy security, sustainability and energy access in a post-covid future.

''We want to help our community harness this potential so the continent doesn’t just recover, it recovers better.”

Over 10,000 attendees are expected to register for the Africa Digital Energy Festival, which will employ AI technology to match attendees with relevant content and networking opportunities allowing for a personalised event experience over the four-week period.

As well as over 120 programme experiences the event will also feature an online marketplace of products hosted by sponsors and exhibitors.

Africa Energy Forum 2020 For more information about the Digital Energy Festival: Head of Marketing: Amy Offord Event dates: 20 October – 26 November 2020 Event location: Online Organisers: EnergyNet Email: events@energynet.co.uk | Tel: +44 (0)20 7384 8068 Visit: www.africa-energy-forum.com

Read more...

View the africa.com Webinar Session #14: 29 July 2020

Almost August. African COVID-19 Cases Rapidly Rising. Economic Strategies: What Now?

Click here for details At this juncture, as we enter into August, Africa is seeing a gain in COVID-19 cases, and related deaths. How does the lives vs livelihoods conversation change with this new reality? Do we continue down the same lockdown exit path as we learn that more African lives are being lost?

Session # 14: July 29, 2020 Wednesday Webinar Series Back by popular demand...

Youtube: Podcast:
View PDF Document: CLICK HERE

Register for free at this link. https://virtualconferenceafrica.com/registration/

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

Register now – africa.com Webinar Session #14: 29 July 2020

Almost August. African COVID-19 Cases Rapidly Rising. Economic Strategies: What Now?

Johannesburg, South Africa, July 29, 2020 - Over the last fourteen weeks, we have explored a wide range of topics related to COVID-19 with a wide lens on the economic strategies Africa is employing in response to the pandemic. At this juncture, as we enter into August, Africa is seeing a gain in COVID-19 cases, and related deaths. How does the lives vs livelihoods conversation change with this new reality? Do we continue down the same lockdown exit path as we learn that more African lives are being lost?

Session # 14: July 29, 2020 Wednesday Webinar Series Back by popular demand...

Register for free at this link. https://virtualconferenceafrica.com/registration/

New Webinar #14

If you have not yet registered, or for more information, please visit virtualconferenceafrica.com

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

View the africa.com Webinar Session #13: 22 July 2020

'Disruptions with Impact - the Intersection of Business and Philanthropy'

Click here for details  Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings and Executive Chairman of the Equity Group Foundation will be featured in a fireside chat with Harvard Business School Professor Caroline Elkins on July 22, 2020 at 5pm EAT, as part Africa.com’s webinar series Crisis Management for African Business Leaders. The webinar series draws the largest-ever gathering of African business leaders each week, with thousands of C-Suite participants from 123 countries around the world that includes 46 countries on the African continent, and 77 countries in the rest of the world.

Session # 13: July 22, 2020 Wednesday Webinar Series Back by popular demand...

Youtube: Soundcloud:

Register for free at this link. https://virtualconferenceafrica.com/registration/

The session, Disruptions with Impact: The Intersection of Business and Philanthropy, will examine the COVID-19 crisis for Kenya and East Africa, and the changes that COVID-19 might accelerate for businesses and philanthropies.  Among specific themes to be discussed is the balance between a company’s ethos and its ethical compass during crisis, and the leadership required to navigate the two.

Dr. James Mwangi is a champion for socio-economic transformation. The Kenyan born banker and leading businessman is a lifelong entrepreneur whose career stands as an example of how a successful business can deliver value to its shareholders whilst creating effective social impact. Dr. Mwangi’s leadership approach has been recognized locally, regionally, and globally.

He has been credited with democratizing financial access by removing entry barriers and pioneering a microfinance revolution which gave 96% of the un-banked population in Kenya the opportunity for broader economic participation. He has led Equity Group Holdings to become a publicly listed financial services group in three countries and is rapidly expanding it and its unique shared-values model across Africa. The Group currently serves 14.3 million clients in 6 countries, positioning itself as the largest financial services and banking group in Eastern and Central Africa in market capitalization. Driven by the commitment to scale up shared prosperity and social impact interventions that transform lives and livelihoods, Dr. Mwangi initiated the establishment of Equity Group Foundation (EGF), the social arm of the Group, in 2008. EGF implements innovative programs that leverage on the infrastructure of the bank achieving a higher social return on investment. While serving as the Executive Chairman, he has shaped notable EGF programs and has, to date, mobilized the support of like-minded partners to commit USD 445 million for social impact.

Caroline Elkins is Professor of History and of African and African American Studies at Harvard University, and also a faculty member at Harvard Business School and Harvard Law School. She is the founding director of Harvard’s Center for African Studies. She received her A.B., summa cum laude, from Princeton University and her M.A. and Ph.D. from Harvard University.  Her book, Imperial Reckoning:  The Untold Story of Britain’s Gulag in Kenya (Henry Holt, 2005) was awarded the Pulitzer Prize for General Nonfiction in 2006.  It was also one of The Economist’s Best Books for 2005, an Editor’s Choice for The New York Times, a Waterstone’s Best Writer for 2005, and a finalist for the Lionel Gelber Prize for nonfiction. Elkins and her work have been profiled in newspapers and magazines around the world, including NewsweekTime MagazineThe Los Angeles TimesLe MondeThe Guardian, and The Boston Globe, as well on various television and radio programs. She and her research were the subjects of a BBC documentary titled “Kenya:  White Terror,” which won the International Red Cross Award at the Monte Carlos Film Festival.

If you have not yet registered, or for more information, please visit virtualconferenceafrica.com

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

Register now – africa.com Webinar Session #13: 22 July 2020

'Disruptions with Impact - the Intersection of Business and Philanthropy'

Johannesburg, South Africa, July 22, 2020 -  Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings and Executive Chairman of the Equity Group Foundation will be featured in a fireside chat with Harvard Business School Professor Caroline Elkins on July 22, 2020 at 5pm EAT, as part Africa.com’s webinar series Crisis Management for African Business Leaders. The webinar series draws the largest-ever gathering of African business leaders each week, with thousands of C-Suite participants from 123 countries around the world that includes 46 countries on the African continent, and 77 countries in the rest of the world.

Session # 13: July 22, 2020 Wednesday Webinar Series Back by popular demand...

Register for free at this link. https://virtualconferenceafrica.com/registration/

The session, Disruptions with Impact: The Intersection of Business and Philanthropy, will examine the COVID-19 crisis for Kenya and East Africa, and the changes that COVID-19 might accelerate for businesses and philanthropies.  Among specific themes to be discussed is the balance between a company’s ethos and its ethical compass during crisis, and the leadership required to navigate the two.

Dr. James Mwangi is a champion for socio-economic transformation. The Kenyan born banker and leading businessman is a lifelong entrepreneur whose career stands as an example of how a successful business can deliver value to its shareholders whilst creating effective social impact. Dr. Mwangi’s leadership approach has been recognized locally, regionally, and globally.

He has been credited with democratizing financial access by removing entry barriers and pioneering a microfinance revolution which gave 96% of the un-banked population in Kenya the opportunity for broader economic participation. He has led Equity Group Holdings to become a publicly listed financial services group in three countries and is rapidly expanding it and its unique shared-values model across Africa. The Group currently serves 14.3 million clients in 6 countries, positioning itself as the largest financial services and banking group in Eastern and Central Africa in market capitalization. Driven by the commitment to scale up shared prosperity and social impact interventions that transform lives and livelihoods, Dr. Mwangi initiated the establishment of Equity Group Foundation (EGF), the social arm of the Group, in 2008. EGF implements innovative programs that leverage on the infrastructure of the bank achieving a higher social return on investment. While serving as the Executive Chairman, he has shaped notable EGF programs and has, to date, mobilized the support of like-minded partners to commit USD 445 million for social impact.

Caroline Elkins is Professor of History and of African and African American Studies at Harvard University, and also a faculty member at Harvard Business School and Harvard Law School. She is the founding director of Harvard’s Center for African Studies. She received her A.B., summa cum laude, from Princeton University and her M.A. and Ph.D. from Harvard University.  Her book, Imperial Reckoning:  The Untold Story of Britain’s Gulag in Kenya (Henry Holt, 2005) was awarded the Pulitzer Prize for General Nonfiction in 2006.  It was also one of The Economist’s Best Books for 2005, an Editor’s Choice for The New York Times, a Waterstone’s Best Writer for 2005, and a finalist for the Lionel Gelber Prize for nonfiction. Elkins and her work have been profiled in newspapers and magazines around the world, including NewsweekTime MagazineThe Los Angeles TimesLe MondeThe Guardian, and The Boston Globe, as well on various television and radio programs. She and her research were the subjects of a BBC documentary titled “Kenya:  White Terror,” which won the International Red Cross Award at the Monte Carlos Film Festival.

If you have not yet registered, or for more information, please visit virtualconferenceafrica.com

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

View the africa.com Webinar Session #12: 16 July 2020

Graça Machel and Melinda Gates to Make a Call to Action on behalf of Women and Girls on Africa.com Webinar

Click here for details Graça Machel and Melinda Gates will make a call to action in response to the impact of COVID-19 on women and girls in Africa during the next session webinar on Africa.com. The discussion will take place on Thursday July 16, 2020.

Session # 12: July 16, 2020 Wednesday Webinar Series Back by popular demand...

The event takes place at this time across the world: 12:30 EDT New York | 16:30 GMT Ghana | 17:30 WAT Nigeria /UK | 18:30 CAT South Africa | 19:30 EAT Kenya

Youtube: Soundcloud: Download PDF Here

Register for free at this link. https://virtualconferenceafrica.com/registration/

Graça Machel is one of the world’s leading advocates for women’s and children’s rights and has been a social justice and political activist for many decades. She established the Graça Machel Trust in 2010 as a Pan-African advocacy organisation focused on child health and nutrition, education, women’s economic and financial empowerment, leadership and good governance. The Trust has worked to “Multiply the Faces and Amplify the Voices” of African women and children.

Melinda Gates is co-chair of the Bill & Melinda Gates Foundation which launched  in 2000. Through her work at the foundation, Melinda has seen first-hand that empowering women and girls can bring transformational improvements in the health and prosperity of families, communities, and societies.

The webinar series, Crisis Management for African Business Leaders, was developed in partnership with faculty from Harvard Business School, and constitutes the largest ever gathering of c-suite executives in Africa.  The series has attracted over 20,000 senior business leaders, with several thousand participating in each webinar. Registrants come from 123 countries - 46 countries on the African continent + 77 countries throughout the world.

If you have not yet registered, or for more information, please visit virtualconferenceafrica.com

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

Register now – africa.com Webinar Session #12: 16 July 2020

Graça Machel and Melinda Gates to Make a Call to Action on behalf of Women and Girls on Africa.com Webinar

Graça Machel and Melinda Gates will make a call to action in response to the impact of COVID-19 on women and girls in Africa during the next session webinar on Africa.com. The discussion will take place on Thursday July 16, 2020.

Session # 12: July 16, 2020 Wednesday Webinar Series Back by popular demand...

The event takes place at this time across the world: 12:30 EDT New York | 16:30 GMT Ghana | 17:30 WAT Nigeria /UK | 18:30 CAT South Africa | 19:30 EAT Kenya

Register for free at this link. https://virtualconferenceafrica.com/registration/

Graça Machel is one of the world’s leading advocates for women’s and children’s rights and has been a social justice and political activist for many decades. She established the Graça Machel Trust in 2010 as a Pan-African advocacy organisation focused on child health and nutrition, education, women’s economic and financial empowerment, leadership and good governance. The Trust has worked to “Multiply the Faces and Amplify the Voices” of African women and children.

Melinda Gates is co-chair of the Bill & Melinda Gates Foundation which launched  in 2000. Through her work at the foundation, Melinda has seen first-hand that empowering women and girls can bring transformational improvements in the health and prosperity of families, communities, and societies.

The webinar series, Crisis Management for African Business Leaders, was developed in partnership with faculty from Harvard Business School, and constitutes the largest ever gathering of c-suite executives in Africa.  The series has attracted over 20,000 senior business leaders, with several thousand participating in each webinar. Registrants come from 123 countries - 46 countries on the African continent + 77 countries throughout the world.

If you have not yet registered, or for more information, please visit virtualconferenceafrica.com

About Africa.com Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community. Africa.com’s interests include a business publisher’s ad network, content syndication, the website at www.iafrica.com, email newsletters, various social media platforms, and internet domain names ending with the “.africa.com” extension. Africa.com operates from Johannesburg, Lagos, and New York, and has a presence in Cape Town and Nairobi.

Media Inquiries Laura Joseph Phone: +27 82 332 0473 Email: laura.joseph@africa.com

Read more...

AUDA-NEPAD confirms Hubert Danso as Chairperson of the Continental Business Network Council

Institutional Investment Leader, Hubert Danso, internationally-renowned infrastructure Investment Advocate, was today formally appointed as the Chairperson of the African Union Development Agency (AUDA-NEPAD) Continental Business Network Council (CBN). Mr Danso who held the position as CBN interim Chairperson since September 2019, is also the Chief Executive Officer and Chairman of Africa investor (Ai) Group and serves as the Chairman of the African Sovereign Wealth & Pension Fund Leaders Forum and Chairs the CFA New York Society, Global Asset Owners Advisory Council, comprising the largest institutional investor communities, with over $20trillion dollars of assets under management (AUM) and advisement. Mr Danso is also a Commissioner of the Blockchain Commission for Sustainable Development. Speaking on Mr Danso’s appointment, as Chairperson of the CBN Council Dr. Ibrahim Assane Mayaki, Chief Executive Officer, African Union Development Agency-NEPAD said: “As CBN Interim Chairperson, you have played a critical role in advancing the work of the CBN. I commend you for your leadership and your dedication to the vision of the CBN. I look forward to working with you closely as Chairperson to advance the impact of the CBN and and I count on you to lead a dynamic African investment community response to the COVID-19 pandemic”. As the CBN Chairman, Mr Danso will support the AUDA in its work with African Union Heads of State, infrastructure investment leaders and policy makers, to deepen the African investment community’s participation in the COVID-19 response, PIDA and the African Continental Free Trade Area (AfCFTA) projects, and support the implementation of the African Unions’ 5% Agenda Initiative, which is an African institutional investor compact with African Heads of State, to increase African institutional asset allocation to infrastructure, from approximately 1.5% of assets under management today, to 5% over the next 5 years.
Read more...