World Economic Forum Opens in Durban with a focus on Achieving inclusive Growth through Responsive leadership

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Political will minus strategy won’t develop Africa, says President Museveni at the World Economic Forum
Political will minus strategy won’t develop Africa, says President Museveni at the World Economic Forum

 

DURBAN, South Africa..A three day World Economic Forum has today opened at the South African port city of Durban. The event that runs from May 3-5 is also being attended by Oxfam Director Winnie Byanyima.

More than 1,000 delegates across the globe are gathered at the Nkosi Albert Luthuli International Convention Centre in Durban.

Also expected to attend are senior government officials from the Ministry of Finance, Planning and Economic Development.

South Africa’s Finance Minister Malusi Gigaba, Zambian President Edgar Lungu, and American actor, director and producer, Forest Whitaker are also in attendance.

More than a thousand participants are gathered here as South Africa plays host to the event, amid some economic and political upheaval in the country.

The African Development Bank delegation that is led by Jennifer Blanke, Vice-President for Agriculture, Human and Social Development is also in attendance.

Also from the Afdb is Pierre Guislain, Vice-President for Private Sector, Infrastructure and Industrialization, and Amadou Hott, Vice-President for Energy, Climate Change and Green Growth.

This year’s forum, which focuses on the theme “Achieving inclusive growth through responsive and responsible leadership”, will explore ways in which Africa can leverage on its technological revolution to achieve inclusive economic growth.

Key events in which the Bank’s delegation will participate include the Africa Investor (Ai) CEO Infrastructure Project Developers Summit, held this year in association with Africa 50. The summit is an annual CEO gathering of Africa’s top project developers, co-developers, infrastructure investors and policy makers to promote the industry, forge partnerships and advance critical projects.

Notable speakers at the Summit include Tewolde Gebremariam, CEO of Ethiopian Airlines; Carlo Wan Wageningen, Chairman of the Lake Turkana Wind Farm Project; Uche Orji, Chief Executive of the Nigerian Sovereign Investment Authority; and Colin Coleman, Managing Director and Head of Africa at Goldman Sachs.

The Bank’s delegation will participant in panel sessions at the Initiative for Global Development (IGD) Frontier 100 Forum focusing on agribusiness, skills development for job creation and industrialization-sessions very aligned with the Bank’s High 5s.

Amadou Hott will deliver a keynote address on the role of the private sector in driving inclusive growth in Africa.

The delegation will also use the forum to engage different stakeholders, particularly the private sector and financial institutions, to explore opportunities for co-financing and syndication, given the huge financing needs of the High 5s.

Co-chaired by Winnie Byanyima, CEO of Oxfam; Siyabonga Gama, CEO of Transnet; Frederic Lemoine, Chairman of Wendel; Rich Lesser, Global CEO of BCG; Ulrich Spiesshofer, ABB President & CEO, the World Economic Forum on Africa taking place in Durban comes one year after the 2016 edition held in Kigali, Rwanda, during which the Bank’s President, Akinwumi Adesina, was a Co-Chair.

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Patrick Jaramogi is a trained Crime, Financial and Fraud investigative journalist. He is a senior writer and Editor at the Investigator. He can be reached via email: pjaramogi@gmail.com or watsup +256772426211​​​