Breakout 3
|
Saturday
|
3:45 pm
Aldrich 109
Geopolitics

Mapping the Way Forward: African Businesses in a Globalized World

While the global economy thrives on interconnectedness, Africa's participation in both global production and trade remains a mere glimpse on the grand stage. This underrepresentation extends beyond the world arena, with intra-African trade lagging behind every other continent. In this era of strategic alliances driving trade flows and innovation, the crucial question emerges: can Africa leverage unique and innovative partnership models to claim its rightful seat at the global economic table?


Navigating strategic global alliances within the continent and beyond with China and the US will significantly impact the African business ecosystem. These alliances can give African businesses access to new markets, capital, technology, and expertise. They can also help African businesses to improve their efficiency and competitiveness. How should African businesses position to create jobs, boost trade, promote innovation, and build sustainable global businesses through these alliances?


Mapping the Way Forward: African Businesses in a Globalized World

While the global economy thrives on interconnectedness, Africa's participation in both global production and trade remains a mere glimpse on the grand stage. This underrepresentation extends beyond the world arena, with intra-African trade lagging behind every other continent. In this era of strategic alliances driving trade flows and innovation, the crucial question emerges: can Africa leverage unique and innovative partnership models to claim its rightful seat at the global economic table?


Navigating strategic global alliances within the continent and beyond with China and the US will significantly impact the African business ecosystem. These alliances can give African businesses access to new markets, capital, technology, and expertise. They can also help African businesses to improve their efficiency and competitiveness. How should African businesses position to create jobs, boost trade, promote innovation, and build sustainable global businesses through these alliances?


America/New_York
Feb 17, 2024 3:45 PM
Aldrich 109

Other Sessions

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Keynotes
Friday
|
3:30 pm
Klarman Hall
Undoing the African Debt Trap
What role does the public and private sector play in undoing sovereign debt traps in Africa
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Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall
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Breakout 2
Saturday
|
11:25 am
Aldrich 107
Innovating in ClimateTech to Drive Sustainable Development
How innovation and investment in African ClimateTech is driving sustainable growth and competitiveness
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Innovating in ClimateTech to Drive Sustainable Development

Despite Africa contributing <4% of global greenhouse gas emissions, the continent and its people will be disproportionately affected by the impact of climate change. Innovative ClimateTech solutions are supporting not just emissions mitigation in growing African economies, but also supporting climate adaptation to make African businesses and communities more climate-resilient in the face of extreme weather events and shifting climate patterns. Our panel discussion will also highlight how these solutions are paving the way for economic growth and improving living standards. Join us for a thought-provoking conversation on how innovating and investing in African ClimateTech is driving sustainable growth and competitiveness.

America/New_York
Feb 17, 2024 11:25 AM
Aldrich 107
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Specials
Saturday
|
9:00 am
Meredith Room, Spangler Hall
Showcase
Inaugural Brand Showcase
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Showcase

The inaugural showcase will spotlight artisanal talent from across the continent via art, fashion, and cultural artifacts. Join us to engage with our phenomenal partner brands and celebrate the rich tapestry of African creativity.

America/New_York
Feb 17, 2024 9:00 AM
Meredith Room, Spangler Hall