Africa Collective

Africa Collective wrapped up it's weeklong presence in Davos with it's closing luncheon. Featuring a high-level panel including H.E. Wamkele Mene, Secretary General, African Continental Free Trade Area (AfCFTA) Secretariat, H.E. Dr. ‘Bosun Tijani Tijani, Minister of Communications, Innovation and Digital Economy , Federal MInistry of Communications and Digital Economy, Nigeria @Nonkululeko Nyembezi, Chairman, Standard Bank Group, Lutz Hegemann, President Global Health & Sustainability, Novartis Global Health. The discussion, moderated by Fifi Peters, Senior Anchor, CNBC Africa, highlighted the need for the private sector to mobilize around #afcfta implementation and leverage competitive advantages such as the continent's young population and capacity for leapfrogging traditional infrastructure. 80 decision makers from the public and private sectors participated in the discussion, considering how #afcfta implementation can be accelerated in a sustainable way. Thank you for the enriching input statements Iain Williamson, Marc Walder ,Deepankar Rustagi, @Eugene Mayne Chido Cleopatra Mpemba! Cc. Partners Novartis, Standard Bank Group Standard Bank Corporate and Investment Banking, Old Mutual Limited, Ringier AG, Tristar Group, OmniBiz Africa, Fin, CNBC Africa, African Business Magazine. There is still more content to come! Keep up to date on our news and activities via our lead media partner Business Insider Africa . #AfricaInDavos #Davos2024 #AfricaCollective #afcfta #afcftasecretariat

This year’s World Trade Organization (WTO) Public Forum in Geneva featured an informative panel discussion organized by the African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. The discussion focused on how the African Continental Free Trade Area (AfCFTA) can drive cross-border business growth in Africa. 🌍💱 Key insights:💡 🌱 AfCFTA empowers small producers and companies on the continent to negotiate on a global stage. 🤝 Private sector engagement is essential to fully leverage the potential of AfCFTA. 📲 To bridge the digital divide, more creative ways of communicating AfCFTA’s benefits to SMEs and BSOs are needed, like involving universities in building knowledge. 🏢 There is an opportunity for African Chambers of Commerce to play a more prominent role in raising awareness about AfCFTA’s opportunities. Kudos to the insightful panellists, including Sergio Silva, Zelda Hunter, Ashish Shah, Mounira Smihi, and Prof. Pat Utomi, for an enlightening session! 👏 #AfCFTA #TradeForGrowth #InclusiveTrade #AfricaBusiness #AfricaRising #AfricaTrade

In our "Road to Davos" interview series, Sim Tshabalala, Standard Bank Group CEO, offers valuable insights into Africa's immense potential and opportunities to the global community. He highlights as follows: 📈 The economic outlook for sub-Saharan Africa is on the rise, with several major countries implementing key reforms that promise long-term positive change. 🌱 Growth in many African economies is now approaching or even surpassing pre-pandemic levels, showcasing their impressive resilience despite global challenges. 🔗 For more insights and to read the full transcript of this illuminating interview, click here https://lnkd.in/dC-U3hQr #AfricaCollective #AfricainDavos #RoadtoDavos #AfricaRising #AfCFTA #Economicgrowth #Standardbankgroup #Insight #Leadership #Thoughtleader

We're excited to launch our Road to Davos Interview Series with a conversation with Sim Tshabalala, the esteemed CEO of Standard Bank Group. 🌍🚀 His insights on Africa's transformative journey are a significant starting point for our series, setting the stage for more engaging discussions as we prepare for Davos 2025. Read the full interview here: https://lnkd.in/difhcwmt #AfricaCollective #Standardbankgroup #AfricaRising #RoadtoDavos25 #SustainableGrowth #DigitalFinance #InfrastructureDevelopment

Afreximbank Research released the August instalment of its Research Report titled "Monthly Developments in the African Macroeconomic Environment." Here are a few takeaways from the report relevant to the African Macroeconomic Environment🌍 📊 Resilience Amid Economic Shocks: Despite challenges like rising food and energy prices, weak global demand, climate change, power generation issues, and regional conflicts, Africa's economy shows resilience with a growth forecast of 3.5% in 2024 and 4.0% in 2025. 📈 📊 Surge in Demand for Critical Minerals: Africa is becoming central to the global supply of critical minerals, driven by the rise of renewable energy and Fourth Industrial Revolution (4IR) technologies. This is reshaping geopolitical dynamics and attracting major investments and strategic partnerships. 🌱💎 📊 Investment in African Ports: Global investors are focusing on African ports to boost capacity and connectivity, especially with ongoing disruptions in maritime traffic in the Western Indian Ocean. 🚢🌐 📊 Grand Inga Hydropower Project: Africa is on track to build the world's largest power project—the 40GW Grand Inga hydropower complex in the DR Congo—set to surpass China's Three Gorges Dam in capacity. The project is an ongoing collaboration between five DFIs: the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation, collaborating with the African Development Bank Group, African Export-Import Bank (Afreximbank), and New Development Bank (NDB)⚡🌍🔋 The full report is available here: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/dsRRkASv #AfricaRising #Collaboration #strategicpartnership #EconomicGrowth #SustainableEnergy #AfricanEconomy #InfrastructureDevelopment #Macroeconomics #AfricaCollective

Artificial intelligence (AI) holds the transformative potential to revolutionise innovation, decision-making, and economic growth across Africa. The report by AfriLabs posits that Africa is not just participating in this conversation but playing a pivotal role in shaping how AI is adopted and governed. 🌍💻⚖️ Highlights: 🚀Goals: The study maps the current state of AI ethical policies in Africa and their impact on innovators and entrepreneurs. It aims to create a roadmap for excellence in AI adoption and development that prioritises national values, economic growth, and sustainable development. 🚀Policy Initiatives: Countries like Tunisia, Egypt, and Nigeria are at the forefront of establishing AI ethical policies, while others are trailing behind, underscoring the critical need for comprehensive continent-wide governance. 🚀Recommendations: The report suggests enhancing collaborative networks, improving infrastructure, and promoting the adoption of AI ethical policies to support innovators and entrepreneurs in Africa, among other recommendations. Click to read the comprehensive report: https://lnkd.in/d_6Fy-XK #AfricaCollective #AIinAfrica #Innovation #TechForGood #policy #EconomicGrowth #SustainableDevelopment

Standard Bank Group, Africa's largest lender by assets, is set to expand its presence in Angola and Nigeria. 📈🌍 Read more on the story here: https://lnkd.in/dShXss5A #AfricaCollective #StandardBankGroup #BankingExpansion #Angola #Nigeria

Speaking at the African Caucus Meeting in Abuja, Haytham ElMaayergi, Executive Vice President, Global Trade Bank, announced African Export-Import Bank (Afreximbank)’s ambitious plan to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This move is set to significantly boost trade across the continent, paving the way for sustainable development. 🌍💼🚀 #IntraAfricanTrade #Afreximbank #AfricaCollective #TradeGrowth #AfricanEconomy #GlobalTrade Image credit: Afreximbank

Novartis, in partnership with the Swiss Tropical and Public Health Institute Health Institute, brought a "lab in a box" to Lubumbashi, DRC—a fully equipped clinical trial site that could be assembled on-site and will also provide lasting healthcare services to the local community. 🌍💪🩺 Kudos to Novartis for their continued groundbreaking work in the fight against malaria in Africa! 👏🌍 Read more about this innovative solution and other recent incredible efforts: https://lnkd.in/duDfHngy #MalariaEradication #GlobalHealth #HealthcareInnovation Image credit: Novartis

🗞 Standard Bank Group signed an MoU with the African Union Peace Fund (AUPF) to help the African Union (AU) in its resource mobilisation efforts for peace across the continent. 🤝 The Group said its pledge is underscored by a commitment to fostering a stable and prosperous #Africa where economic growth is firmly rooted in peace and security. 🌍 Read more: https://lnkd.in/d6bR7KMu Image credit: BusinessLive #AfricaCollective #StandardBankGroup #AfricanUnion #AfricanUnionPeaceFund #EconomicGrowth #SustainableDevelopment #Agenda2026