Events

Africa investor (Ai) at COP28 Newsletter

Ai and Global investors issue Heads of State Call to Action at COP28

Announced during the Leaders Summit at COP28 in Dubai, to fight climate change and deliver on the Sustainable Development Goals announced, Africa investor and 9 other global institutional investment organisations.

Announced during the Leaders Summit at COP28 in Dubai, to fight climate change and deliver on the Sustainable Development Goals announced, Africa investor and 9 other global institutional investment organisations—representing over $100trn of assets under management and advisement—jointly issued a Call to Action to Scale Private Capital Mobilization to Heads of State, policymakers and multilateral development bank (MDB) officials.

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Africa investor (Ai), a leading international investment group, today announced that African Governments and business leaders, were honoured at the Africa investor (Ai) NDC Investment Awards, held on the 5th of December 2023 at COP28, during The COP28 Africa Investment Earthshot Leaders Summit & NDC Investment Awards at Expo City Dubai, UAE.

These first-of-their-kind NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), were designed to recognize achievements across the main NDC 10 project sectors and reward the governments, institutions, and individuals, driving transactions and improving the investment readiness and ambition, of Africa’s NDC projects requiring $3trn of investment by 2030. The 2023 NDC Investment Awards were profiled at the Africa Climate Summit in Nairobi, with the Best Shortlisted NDC projects comprising 160 projects, representing over $35bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub regions, announced during Climate Week at the 78th Session of the UN General Assembly in New York.

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The Infrastructure Corporation of Nigeria (InfraCorp), is pleased to announce a strategic partnership with the African Green Infrastructure Investment Bank and Solarge International BV, for establishing a solar panel manufacturing factory in Nigeria, contributing significantly to the country’s industrialization drive and aligning with the vision of President Bola Ahmed Tinubu for local manufacturing capabilities to create employment, accelerate electrification, and grow the economy while decarbonizing in line with Nigeria’s energy transition commitments.

The Solar PV Manufacturing Plant will be one of the first large scale production facilities in the world for lightweight solar panels with ultra-low carbon footprint. The project will play a pivotal role in Nigeria’s commitment to sustainable local manufacturing and critical infrastructure for achieving Net Zero emissions and advancing its energy transition plan to cleaner and sustainable energy sources, reducing reliance on traditional fossil fuels. More fundamentally, the project reinforces the drive towards localization, green manufacturing and import substitution agenda of the country. Read more

 


 

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Africa investor (Ai) unveiled the GEMs3.0 initiative today during COP28 Finance Day.

Over the past decade, more than 500 private investors have asked the MDBs and DFIs to make the Global Emerging Markets Database (GEMs) database available to allow investors to gain a deeper understanding of investment risk in Emerging Markets and Developing Countries (EMDC’s), helping to increase their investment in these countries.

Forced by the alarming public evidence of the tens of billions of dollars of lost opportunities and direct costs to EMDC’s of Multilateral Development Banks (MDB’s), not releasing the GEMs database to investors and credit rating agencies, MDBs have grudgingly committed to providing access to GEMs data in January 2024, through the GEMs2.0 initiative. Read more


 

While Special Economic Zones (SEZs) are well-recognised place-based investment tools for economic development, there is an urgent need to evolve bankability models and practices in the direction of investable Green Industrial Cities (GICs). GICs are destinations that nurture productive, long-term growth and attract industrial capital at scale. However, they do much more. GIC’s represent a greening and investment transformation that refurbishes existing and future SEZs, making them more attractive and resilient as green manufacturing hubs for productive innovation and industrial growth.

The Africa Climate Summit 2023 and its Nairobi Declaration underscored the need for institutional investor public partnerships to mobilise private capital at scale and speed to make the continent a global green technologies and manufacturing leader and capture its outsized share of the $10 trillion per annum and growing global Green Industrial Economy. While investments are pivotal, so are the methods and tools that will ultimately unite the interests of both institutional investors, industrial companies, SME’s, and local communities to deliver a place-based, just energy investment transition. This is of particular importance for communities sitting on significant mineral reserves critical for green transition technologies in high global demand.

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With more than $100trn of domestic and global institutional assets represented at the Summit, influential public and private sector investment leaders gathered at the COP28 Africa Investment Earthshot Leaders’ Summit, in the first major international gathering of institutional investors following the Africa Climate Summit. The aim is to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration and to mobilize private capital at a scale that can be deployed at speed, through Institutional Investor-Public Partnerships (IIPP’s) that can optimally marry African regional and global energy market demand, with Africa’s industrial and Just Energy Transformation and growth.

Hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN), the Summit underscored that Green industrialization with global commercial, technology partnerships, and long duration offtakes, are the only way that Africa can leapfrog from a $9bn to a $7trn participation in global green value chains. Read more


 

Mercer, a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people advising trillions of institutional assets, shared asset allocation assumptions at the COP28 Africa Investment Earthshot Leaders’ Summit, hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN).

The COP28 Africa Investment Earthshot Leaders’ Summit builds on the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class.

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COP28 Videos

 

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Mercer unpacks Asset Allocation at The COP28 Africa Investment Earthshot Leaders’ Summit

Mercer, a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people advising trillions of institutional assets, shared asset allocation assumptions at the COP28 Africa Investment Earthshot Leaders’ Summit, hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN).

The COP28 Africa Investment Earthshot Leaders’ Summit builds on the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class.

With Africa possessing 40% of the worlds super abundant natural capital for renewables, 60% of the green critical and in high demand minerals for the world’s transition, a plethora of emerging green industrial cities creating Africa’s silicon valley for global green technologies manufacturing corporations, and the continent possessing more than 50% of the world’s workforce by the end of the century with its youth bulge, Africa is uniquely positioned to significantly increase its share of the $10 trillion per annum and growing global green industrial economy and deliver market competitive, risk and climate adjusted returns, representing a unique and multi-generational investment opportunity for domestic and global long-term institutional investors representing over $150-200trn of assets under management.

The summit's aim was to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration, to mobilise private capital at a scale that can be deployed at speed, de-risked through Institutional Investor-Public Partnerships (IIPP's), and optimally marry African regional and global energy market demand with Africa’s industrial and Just Energy Transformation and growth, and to represent stable and performing assets in institutional investors’ portfolios.

The Summit brought together an influential group of visionary institutional investment leaders, comprising pension plans, sovereign funds, insurance companies, investment consultants and leaders representing more than $100trn of domestic and global institutional assets, to share insights to government and investment  leaders on a new institutional investor-public partnership agenda facilitated through an Africa Investment Earthshot process, to collaboratively draft an African investment Allocation Plan, which supports private capital mobilization at scale, for the Nairobi Declaration, as the continent’s equivalent of the Inflation Reduction Act (IRA) and Europe’s Net Zero Industry Act (NZIA) during The COP28 Presidency.

Mercer shared highlights from its note prepared for the Summit on ‘Considerations in Establishing Specific, Dedicated Allocations to Emerging Markets Infrastructure and Private Equity’. Rich Nuzum, CFA, Executive Director, Investments & Global Chief Investment Strategist, Mercer in delivering the paper, recognised that whilst some of the world’s largest, most sophisticated asset owners and fiduciaries (collectively “asset owners”) have established dedicated allocations to emerging markets infrastructure and/or private equity, as part of their strategic asset allocations or other means of deploying their risk budgets, he highlighted his intervention was intended to help educate asset owners who have not yet established such allocations, regarding some of the common considerations that come into play, as asset owners work through their deliberations on the pros and cons of establishing such allocations.

Speaking at the Summit, Dr. Hubert Danso, CEO and Chairman, Africa investor (AI), Chairman, African Union Continental Business Network (CBN), and co-host of The COP28 Investment Earthshot Leaders’ Summit and NDC Investment Awards, said,

“GIC’s are central to the delivery of Scope 3 decarbonisation, JET-Ps, the African Continental Free Trade Area (AfCFTA), and the African Union’s Nairobi Declaration. We therefore need to enfranchise more at-scale investment innovations and institutional investor-public partnerships (IIPPs), as well as the use of catalytic digital twin technologies, to bring together institutional investors, industrial companies, SME’s, and mayors while disencumbering and networking global off-take markets. This type of GIC place-based impact investment network is at the core of the emerging GIC Global Alliance we will launch during the COP28 Presidency”, says Dr. Hubert Danso, CEO and Chairman, Africa investor (AI), Chairman, African Union Continental Business Network (CBN), and co-host of the COP28 Investment Earthshot Leaders Summit and NDC Investment Awards

The Summit underscored that investable African Green infrastructure and industrialization, with global commercial, technology partnerships, and long-term bankable offtakes, represent a compelling strategy for the continent to leapfrog from a $9bn to a $7trn participation in global green value chains, whilst at the same time establishing African green industrial infrastructure as a stable and performing piece in asset owners portfolios, with the Nairobi Declaration as the enabling political framework, de-risked through Institutional Investor-Public Partnerships (IIPPs).

Read the Mercer note here: https://tinyurl.com/skkhu8xb

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NDC Investment Awards 2023 to be presented at COP28 in UAE – Call for entries:

The hunt is on for the public and private sector institutions that are contributing most to private capital mobilization and developing bankable and investable Nationally Determined Contribution (NDC) projects in Africa. Africa as a continent, needs to mobilise $3trn in order to meet its Nationally Determined Contribution (NDC) projects by 2030, while the whole world only managed to mobilise $2.8trn for renewable energy investments over the past 20 years, with Africa only receiving 2% of that global sum. Announced at the Global NDC Conference in Berlin, the 2023 NDC Investment Summit and Awards will be presented at COP28 in the UAE in December. Hosted by the Africa investor (Ai) and sponsored by the African Green Infrastructure Investment Bank (AfGIIB), these NDC awards are the only international, pan-African NDC investment awards that recognize and reward both public and private sector institutions, who are working to innovate and break new ground to mobilize private capital and private sector participation at scale, to Africa’s bankable NDC investment commitments and projects. Could your organisation or project be a 2023 NDC Investment initiative of the Year? Entry is a simple 500-word nomination outlining how your organisation meets the awards criteria. Entries from any public or private institution, whether African or international, are welcome provided they meet the attached category criteria. DOWNLOAD NDC INVESTMENT AWARDS ENTRY PACK HERE NDC Investment Awards will be presented in the following categories: Best NDC Sector Initiatives of the Year:
  1. Best Waste NDC Initiative of the Year
  2. Best Energy NDC Initiative of the Year
  3. Best Transport NDC Initiative of the Year
  4. Best Urban Development NDC of the Year
  5. Best Forestry NDC Initiative of the Year
  6. Best Agriculture NDC Initiative of the Year
  7. Best Education NDC Initiative of the Year
  8. Best Health NDC Initiative of the Year
  9. Best Water NDC Initiative of the Year
  10. Best Tourism NDC Initiative of the Year
Private Capital Mobilization initiatives of the Year:
  1. Best Investable NDC Adaption Initiative of the Year
  2. Best Bankable Donor NDC Initiative of the Year (technical assistance/financing/project development).
  3. Best Blended Investment NDC Initiative of the Year
  4. Best Financeable NDC City Initiative of the Year
  5. Best GreenTech NDC Initiative of the Year
  6. Best Youth NDC Initiative of the Year
To recognize exemplary Presidential investment leadership on Africa’s climate transition, the NDC Awards Secretariat will present the following Honorary NDC Presidential Investment Statesman of the Year Awards. Honorary NDC Presidential Investment Statesman of the Year Awards. 1) Presidential ” Green Infrastructure Investment Statesman” of the Year 2) Presidential “Just Transition Investment Statesman ” of the Year 3) Presidential ” Carbon Exchange Investment Statesman”  of the Year 4) Presidential” Transport Investment Statesman” of the Year 5) Presidential “Water Investment Statesman” of the Year 6)  Presidential “Agriculture Investment Statesman” of the Year The 2023 NDC Investment Awards high-level Adjudication panel consists:
  • Dr. Hubert Danso, Chairman of Africa investor Group and the Chair of the NDC Awards Adjudication panel.
  • Damilola Ogunbiyi, CEO and UN SRSG for Sustainable Energy for All, Co-Chair of UN-Energy.
  • John Denton, Secretary General of the International Chamber of Commerce (ICC).
  • Ziad-Alexandre Hayek, President of the World Association of PPP Units (WAPPP).
  • Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the Secretary-General and CEO.
Commenting on the Ai NDC Investment Awards winners, Dr. Hubert Danso, Chairman of Africa investor Group and the Chair of the NDC Awards Adjudication panel said, “Africa investor (Ai) is proud to use its global investment platform, to showcase and recognize Africa’s NDC project sponsors, developers, financiers, investors and Presidential Champions. This growing community of leaders are critical to the continent mobilising the required $3trn of green investment for our NDC’s by 2030, to pursue Africa’s NetZero aspirations. He went on to say, “The importance of these global NDC Investment Awards cannot be overstated, given the scale, urgency and fact that the majority of Africa’s $3trn of NDC’s investment requirements, will need to mobilize and secure unprecedented allocations of private capital at scale and speed, which is why we are pleased to add this year, a dedicated Private Capital Mobilization category. The deadline for entry submissions is August 31 this year, and the shortlist will be announced the following month on September 22 during UN Climate Week in New York. The Award winners will be announced in December at COP28 in the UAE. To submit your entry, please click here. ENDS** Note to Editors For more information on the Ai African NDC Investment Awards, visit: www.ndcinvestmentawards.com, or email: tmutasa@africainvestor.com About The NDC Investment Awards Headline sponsor The African Green Infrastructure Investment Bank (AfGIIB) is an African Union-convened and supported African institutional investor-led, global climate investment platform, to catalyze private capital for Africa’s green transition. Visit www.afgiib.com for more information. About Africa investor (Ai) Group Africa investor (Ai) Group is an institutional investment holding platform that aligns its pools of capital from sovereign wealth funds, pension funds, family offices, and long-term investors with vetted infrastructure, private equity, and technology investment opportunities in Africa. Visit www.africainvestor.com See how Ai is combating climate change
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Africa investor NDC Investment Award Winners announced at COP27

Sharm El Sheikh, Johannesburg, Nairobi, Lagos, Washington, Brussels, Beijing, Dubai –  8th November  2022: Africa investor (Ai), a leading international investment group, today announced that African Governments and business leaders, were honoured at the Africa investor (Ai) NDC Investment Awards, held on the 8th of November 2022 at COP27, during the Ai African NDC Investment Summit and Awards. These first-of-their-kind NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), were designed to recognize achievements across the main NDC 10 project sectors and reward the governments, institutions, and individuals, driving transactions and improving the investment readiness and ambition, of Africa’s NDC projects requiring $3trn of investment by 2030. The NDC Investment Awards, were launched at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, in June 2022. Then at the African Heads of State and Government-Institutional Investor Climate Finance Dialogue, on the margins of the High-Level Segment of the 77th Session of the UN General Assembly in New York, Ai announced The 100 Best NDC Projects Shortlist. The shortlist candidates comprised 100 projects, representing $32bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub regions. To recognize exemplary Presidential leadership on Africa’s climate investment agenda, the Awards Secretariat also presented special recognition Honorary NDC Presidential Champions awards during the ceremony in Sharm El-Sheikh. Commenting on the Ai NDC Investment Awards winners, Dr. Hubert Danso, Chairman of Africa investor Group and the Chair of the NDC Awards Adjudication panel said, “Africa investor is proud to use its global investment platform, to showcase and recognize Africa’s NDC project sponsors, developers, financiers, investors and Presidential Champions. This growing community of leaders are critical to the continent mobilising the required $3trn of green investment for our NDC’s by 2030, to pursue Africa’s NetZero aspirations. We congratulate all the shortlisted and winning candidates on their leadership. The NDC Investment Awards high-level Adjudication panel included:
  • Damilola Ogunbiyi, CEO and UN SRSG for Sustainable Energy for All, Co-Chair of UN-Energy.
  • Ziad-Alexandre Hayek, President of the World Association of PPP Units (WAPPP).
  • John Denton, Secretary General of the International Chamber of Commerce (ICC).
  • Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the Secretary-General and CEO.
  • Luisa Moreno, Managing Director of Tahuti Global
The Africa investor (Ai) NDC Investment Awards, are held in collaboration with the NDC Partnership and the African Green Infrastructure Investment Bank (AfGIIB).

Ai African NDC Investment Awards Winners 2022:

NDC Presidential Champion Award Winners 1. Presidential “Green Infrastructure Champion” of the Year, His Excellency, Abdel Fattah El-Sisi, President of The Republic of Egypt 2. Presidential Just Transition Champion” of the Year His Excellency, Mr. Paul Kagame, President of the Republic of Rwanda 3. Presidential “Carbon Exchange Champion” of the Year His Excellency, Mr Ali Bongo Ondimba, President of the Republic of Gabon 4. Presidential “Transport” Champion of the Year (Joint initiative) His Excellency, Mr Hakainde Hichilema, President of The Republic of Zambia His Excellency, Felix Tshisekedi, President of The Democratic Republic of the Congo 5. Presidential “Water” Champion of the Year His Excellency, Mr Macky Sall, President of The Republic of Senegal 6. Presidential “Agriculture” Champion of the Year, His Excellency, Mr William Ruto, President of The Republic of Kenya   NDC Project Award Winners: 1. Best Urban Development NDC Investment Initiative of The Year, SURE: Strengthening Urban Resilience in Eswatini through climate proofing Green, Grey and Blue Infrastructure, The Government of the Kingdom of Eswatini 2. Best Agriculture NDC Investment Initiative of The Year Low Carbon Transformation of the Rwandan Tea Processing Sector, The Government Of The Republic Of Rwanda 3. Best Health NDC Investment Initiative of The Year Sustainable Energy for Health Service – S4H2, The Government Of Soa Tome Principe 4. Best Transport NDC Investment Initiative of The Year Promotion of Electric Motorcycles in Uganda with focus on the Greater Kampala Metropolitan Area (GKMA), The Government Of The Republic Of Uganda 5. Best Water NDC Investment Initiative of The Year (Joint initiative) Lesotho-Botswana Water Transfer Project,The Government Of The Kingdom Of Lesotho & The Government Of The Republic Of Botswana 6. Best Waste NDC Investment Initiative of The Year MOSSUP: Moroccan Supermarket tackling Single Use Plastics, Serious Business, The Government Of The Kingdom Of Morocco 7. Best Tourism NDC Investment Initiative of The Year Sustainable Island Initiative Mauritius, Sustainable Island Initiative Mauritius,The Government Of The Mauritius 8. Best Forestry NDC Investment Initiative of The Year The Carbon Credit Initiative of Gabon,The Government Of The Republic Of Gabon 9. Best Energy NDC Investment Initiative of The Year Egypt’s $40bn Green Hydrogen Commitment, The Government Of The Republic Of The Republic Of Egypt 10. Best Education NDC Investment Initiative of The Year Cote d’Ivoire Private Sector Preparation Program for Green Investment,The Government Of Cote D’ Ivoire   ENDS** Note to Editors For more information on the Ai African NDC Investment Awards, visit: www.ndcinvestmentawards.com, or email: awards@africainvestor.com About The NDC Investment Awards Headline sponsor The African Green Infrastructure Investment Bank (AfGIIB) is an African Union-convened and supported African institutional investor-led, global climate investment platform, to catalyze private capital for Africa’s green transition. Visit www.afgiib.com for more information. About Africa investor Group Africa investor (Ai) Group is an institutional investment holding platform that aligns its pools of capital from sovereign wealth funds, pension funds, family offices, and long-term investors with vetted infrastructure, private equity, and technology investment opportunities in Africa. Visit www.africainvestor.com
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The African Heads of State and Government-Institutional Climate Finance Dialogue

To achieve the goals of the Paris Agreement, climate investment must increase drastically, both through domestic and international investments, to accelerate the uptake of renewables and climate adaptation. According to latest estimates by Climate Policy Initiative, it will cost approximately $2.8 trillion to implement the National Determined contributions (NDCs) as currently submitted by 51 African countries. The Office of the Special Adviser on Africa (OSAA) in collaboration with the Africa Investors (Ai) is organizing the African Heads of State and Government Climate Finance Dialogue on Tuesday, 20 September 2022 – 1:00pm to 2:30pm at the CFA Society of New York, USA. The event offers a unique platform for a dialogue on investment channels between African Heads of State and government, and the domestic and international investment community (representing over $130 trillion), with the aim of forging investment partnerships at scale, that promote and deliver bankable National Determined contributions (NDCs) projects. The dialogue’s overarching goal is to foster and deliver greater Public-Private Finance Mandate Alignment, and more catalytic private investment pathways, that fast track and scale private capitals’ participation in Africa’s green transition, implemented through Institutional Investor-Public Partnerships (IIPP’s). This event will contribute to increasing Africa’s attractiveness for increased intra-African institutional co-investments and a new Foreign Direct Investment narrative, based on Africa as the world’s climate finance and climate technologies manufacturing hub. The audience will include, among others, influential Chief Executive Officers, Chief Investment Officers from global institutional investment institutions and representatives from African pension and sovereign wealth funds. African Heads of State and Government will participate in the High-Level Panel Discussion. Philanthropists and representatives from international organizations and development finance institutions will also be in attendance. Members of the international financial media will also be present and participate in the question and answer session. This dialogue is strictly an in-person event, and it will not be streamed online.
The High-level event includes an opening ceremony, a High-level panel discussion with African Heads of State and Government, followed by an interactive discussion. The Panel Discussion will be moderated by Mr. Hubert Danso, co-organiser and Chairman of Africa investor (Ai).

For further details, please contact: Mr. Tatenda Mutasa (Senior Vice President at Africa Investor) tmutasa@africainvestor.com, +27 (0)11 783 2431; Kava Katjomuise, Team Leader and Senior Economist, UN Office of the Special Advisor on Africa (OSAA), katjomuisek@un.org and  Liwaaddine Fliss, Programme Management Officer, OSAA, Liwaaddine.fliss@un.org
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African institutional investors call for partnerships to build resilient economies

The African Sovereign Wealth and Pension Fund Leaders Forum has today issued a Call to Action to build resilient African economies. Noting the potential for devastating economic impacts on the African continent by the novel coronavirus (COVID-19) pandemic

The Forum, comprised of leaders of Africa’s pre-eminent sovereign wealth and pension funds, are determined to form new and innovative multi-stakeholder partnerships to address the economic fallout of COVID-19, increase investment in African infrastructure, and realise the aspirations of the African Continental Free Trade Agreement (AfCFTA).

The Call to Action, supported by an array of organisations including the International Chamber of Commerce and the African Union’s Continental Business Network, recognises that efforts must be informed by two urgent and mutually reinforcing components: *immediate priority responses to protect African capital markets, micro-, small- and medium-sized enterprises (MSMEs), regional supply chains and the AfCFTA from the economic fallout of COVID-19; and *multi-stakeholder partnerships across government and industry to foster industry shifts and a regulatory requirement fit for African economies and industries to stabilise, grow and thrive.

Commenting on the Call to Action, Hubert Danso, the Chairman of the African Sovereign Wealth and Pension Fund Leaders Forum said:

“COVID-19 is both a health and an economic crisis. As custodians of the livelihoods of millions of Africans, we are acutely aware of the economic difficulties to come. That is why we’re issuing this call – to work with policymakers and development financial institutions to co-create the conditions necessary for post-pandemic economic recovery.”

Read the full Call to Action here.

For more information contact: Hubert Danso, CEO and Chairman, Africa investor, Chairman, African Sovereign Wealth and Pension Fund Leaders Forum Email: amofokeng@africainvestor.com www.aiswpff.com
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ICC joins global trade organisation heads for summit on impact of COVID-19 on Africa

ICC Secretary General John W.H. Denton AO, participated in a historic summit this week to discuss the impact of COVID-19 on the African Continental Free Trade Area (AfCFTA).

Convened by Africa investor (Ai), the Summit brought together the heads of global trade organisations and recognised the importance of pioneering partnerships and collaboration with the private sector and international organisations in restoring trade confidence and flows in the fight against COVID-19, and in building trade resilience in anticipation of future pandemics.

The importance of accelerating the adoption of African eTrade, Paperless Customs and RegTech innovation also featured highly on the agenda.

“We are delighted to partner with Africa investor,” Mr Denton said. “ICC remains committed to addressing issues impacting the private sector in Africa through pioneering collaboration and our growing presence and outreach on the continent.”

The Summit was Chaired by Chaired by Hubert Danso, CEO and Chairman, Africa investor (Ai), Chairman, African Union Continental Business Network (CBN). Participants included Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, Kunio Mikuriya, Secretary General, World Customs Organization (WCO), Yonov Frederick Agah, Deputy Director-General, World Trade Organization (WTO), Vinco David, Secretary General, Berne Union and Hennie Heymans, CEO, DHL Express Sub Saharan Africa.

The Summit, which took place on 30 April, highlighted the urgent need for harmonised regulation to help the African private sector – in particular SME’s – to digitise their businesses, to be able to trade and compete in the ‘Post COVID-19 Contactless Economy’, where ‘Trade and Customs Distancing’ will be the new normal.

The African private sectors’ AfricaPLC Industrial eTrade Platform initiative was welcomed as a critical African eTrade and Finance enabler. The initiative is supported by ICC, Ai, DHL, the Chartered Institute of Purchasing and Supply (CIPS), Standard Bank, the African Union Development Agency (AUDA) Continental Business Network (CBN), ABSA and Trade Development Bank.

The virtual summit saw commitment from leaders to collaborate on a range of trade initiatives to combat COVID-19 and build trade resilience in Africa, in support of the implementation of the African Continental Free Trade Area (ACFTA).

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Africa investor (Ai) Convenes Heads of Global Trade Organisations Summit on the African Continental Free Trade Area (AfCFTA)

Africa investor (Ai) confirmed today it convened an historic Summit with the heads of global trade organizations, to discuss partnerships and the impact of COVID-19 on the African Continental Free Trade Area (AfCFTA).

The Summit was Chaired by Hubert Danso, CEO & Chairman, Africa investor (Ai), Chairman, African Union Continental Business Network (CBN) and included Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, John Denton, Secretary General, the International Chamber of Commerce (ICC), Kunio Mikuriya, Secretary General, World Customs Organization (WCO), Yonov Frederick Agah, Deputy Director-General, World Trade Organization (WTO), Vinco David, Secretary General, Berne Union and Hennie Heymans, CEO, DHL Express Sub Saharan Africa.

The Summit was convened as leaders’ recognized innovative partnerships and collaboration with the private sector and international organizations, will be critical to restoring trade confidence and flows in the fight against COVID-19 and in building trade resilience in anticipation of future pandemics.

The importance of accelerating the adoption of African eTrade, Paperless Customs and RegTech innovation featured high on the leaders’ agenda.

Leaders highlighted the extent to which the COVID-19 pandemic has created an urgent need for harmonized regulation to support the African private sector, especially SME’s, digitize their businesses, to be able to trade and compete in the ‘Post COVID-19 Contactless Economy’, where ‘Trade and Customs Distancing’ will be the new normal. The African private sectors’ AfricaPLC Industrial eTrade Platform initiative, supported by: Ai, DHL, ICC, Chartered Institute of Purchasing and Supply (CIPS), Standard Bank, the African Union Development Agency (AUDA) Continental Business Network (CBN), ABSA and Trade Development Bank, was welcomed as a critical African eTrade and Finance enabler.

The leaders renewed their commitment to collaborate on an array of strategic trade initiatives to combat COVID-19 and build trade resilience in Africa, in support of the implementation of the African Continental Free Trade Area (ACFTA).

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Africa.com – President of Ghana to Speak at Africa.com Webinar on Crisis Management for African Business Leaders

Johannesburg, South Africa, April 25, 2020 - / The President of Ghana, Nana Addo Dankwa Akufo-Addo, will address what is possibly the largest ever gathering of senior African business leaders.  The media holding company, Africa.com, has produced a webinar series, Crisis Management for African Business Leaders, to address the unprecedented challenges African executives are facing during the COVID-19 pandemic. Over 3,000 participants are expected from 81 countries - 41 countries on the African continent + 40 countries throughout the world.

President Akufo-Addo will be the lead speaker on a panel moderated by Hakeem Belo-Osagie, Chairman of FSDH Holding Company and Harvard Business School Senior Lecturer of Business Administration.  The panel, “This Isn’t the West - How Africa’s Informal Sector Responds to COVID-19” will also feature The Honorable Nasir El-Rufai, Governor of Kaduna State, Nigeria; Ahmed Mushfiq Mobrarak, Professor of Economics, Yale University; and Amandla Ooko-Ombaka, Senior Engagement Manager, McKinsey & Co.

The participants in the webinar are comprised of many of the most senior private sector players on the continent, most of whom carry one of the following titles: CEO, chair, managing director, president, principal, partner, CFO, chair, finance director, chief, director, executive director, group head, general manager or manager.   In addition, participants include senior government officials, leading academics, and heads of non-profit organizations.

Africa.com Chair and CEO Teresa Clarke commented: “President Akufo-Addo’s leadership of the pandemic has been tailored to the unique social, economic and cultural conditions of his country.  We are very pleased that President Akufo-Addo has accepted our invitation to address the pan-African business community about this critical issue, and provide his perspective on how African leaders in both the public and private sectors may navigate these complex choices.”

“This isn’t the West - How Africa’s Informal Sector Reacts to COVID-19” will take place on Wednesday, April 29 at 9:00 EDT (New York |14:00 WAT (Nigeria/UK)  15:00 CAT (South Africa) |16:00 EAT (Kenya).

The panel discussion is part of a four part series on crisis management developed by Africa.com and faculty members from Harvard Business School. For more information and free registration, please visit virtualconferenceafrica.com.

About Africa.com Africa.com is a media holding company with an array of platforms that reach a global audience interested in African business and lifestyle. Interests include Africa.com Business Publishers’ Network, the website at www.africa.com, 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

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African Sovereign Wealth and Pension Fund Leaders Refine COVID-19 Response Recommendations

African Sovereign Wealth and Pension Fund Leaders Refine COVID-19 Response Recommendations

Africa investor (Ai) today convened the 2nd African Sovereign Wealth and Pension Fund Leaders Forum COVID-19 Virtual Round-table, an exclusive Forum of the continent’s most influential Chairmen, CEO’s and CIO’s of African Sovereign Wealth and Pension Funds, to discuss the role and response of African institutional

investors in the fight against the COVID-19 pandemic across Africa.

The Forum was Co-Chaired by Hubert Danso, CEO and Chairman Africa investor Group (Ai), Chairman, African Sovereign Wealth and Pension Fund Leaders Forum and Uche Orji, CEO of the Nigerian Sovereign Investment Authority.

Roundtable participants discussed refining and giving structure to the areas of focus raised in the inaugural roundtable, which were based on the following 2 thematic areas of focus:

  1. Immediate Priority Responses, to protect African capital markets, SME’s, Supply Chains and the African Continental Free Trade Area (ACFTA) from the economic fallout of Covid-19
  2. Partnerships with Regulators, to foster industry shifts and the next normal regulatory environment required for African economies and industry to thrive and grow.

The following 7 Recommendations were generated as result of the discussion:

  • Recommendation 1: Collaborate on assisting SME supply chain and trade support through digitization (trade and fintech - esp healthcare and agriculture related),
  • Recommendation 2: Pursue ESG compliant infrastructure co-investment partnerships, (energy/healthcare/agri)
  • Recommendation 3: Develop and communicate seminal pandemic combative institutional investment models
  • Recommendation 4: Champion Institutional Investor research insights,
  • Recommendation 5: Motivate governments to consider directing some of their Quantitative Easing/Emergency funding towards SWF’s to allocate and invest into their local and regional economies
  • Recommendation 6: Engage in policy partnerships with Central Bank Governors on framing the new regulatory environment and investment needs of the post COVID-19 economy
  • Recommendation 7: Coordinate and correlate responses with global peer institutional investor and private sector industry bodies.

Africa’s institutional investment community, which are responsible for hundreds of billions of dollars of assets, which they manage and invest on behalf of their members and future generations, reaffirmed their commitment to support African governments and policy makers with planning and executing economic recovery programmes, so African economies can stabilize, grow and thrive in the new post COVID-19 economy.

The Round-tables Recommendations will form the basis an industry  Statement, that will be shared with African Heads of State, Central Bank Governors, Development Partners and Industry Peers.

For more information contact: Hubert Danso, CEO and Chairman, Africa investor, Chairman, African Sovereign Wealth and Pension Fund Leaders Forum Email: amofokeng@africainvestor.com

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