Africa’s way into the post-Covid-19 future
The Coronavirus pandemic has strained the socio-economic tissue of Africa. In early 2020, prior to the health and economic crisis, the African continent was considered among the fastest growing regions in the world, a new frontier for international investments. African countries and transnational institutions now face the challenge to maintain this trend in the aftermath of the current downturn.
The African continent is vast and ever-diverse, and no single simple narrative could portray its complexity. High inequality, poverty, political instability, and violent conflicts undermine the security and well-being of millions of people. Cooperation and economic integration may be positive first steps towards regional development. An attentive and precautionary removal of trade barriers could boost economic relationships while encouraging constructive interaction and transnational infrastructure projects.
Compared to Europe, where intra-regional trade amounts to 67% of total trade, only 15% of total economic exchanges occurs within the continent. Against this background, the African Continental Free Trade Area (AfCFTA) is set to become the world’s largest free trade area, could help unlock the great potential of African economies, improving the lives of millions currently under the poverty line. Of the 54 recognised African states, 23 have a GDP per capita under $1000. More than 431 million in the continent live in extreme poverty and 27 out of the world’s 28 poorest countries are in sub-Saharan Africa.
In this context, ‘Africa’s way into the post-Covid-19 future’ is clear. It is necessary to boost African economic integration, invest in infrastructure, improve health and education, and improve multi-level governance. There is also the need for an agenda that could increase sectors’ productivity, stimulate manufacturing, private sector investment and employment. Significant economic opportunities are waiting to be unlocked in Africa.
The New Africa Business Development Forum aims to provide a platform for experts, policy-makers, industry leaders, academics and investors, to explore new potential areas for financial assistance for key infrastructure players.
19th November 2020
10.00 - 11.30
New Africa Business Development Forum
FORUM SESSION – AFRICA’S WAY INTO THE FUTURE: TOWARDS A RESILIENT ECONOMIC RECOVERY
A. Africa’s Way into the Future: Towards a Resilient Economic Recovery
- COVID-19 and its impact on Africa. How will Africa manage the post-COVID economy?
- African economic priorities in response to COVID-19.
- How can ambiguity in policy and regulations be solved?
- Public investment (infrastructure) to boost local economic development and construction sector: an essential multiplier effect to stimulate the economy and boosting GDP in the North Africa region (looking north and moving south)
- EU-Mediterranean-Africa: How can a new Sustainable and Inclusive Alliance be established?
B. Infrastructure investment in Africa
- Public investment (infrastructure) as a catalyst for the local economic development and construction sector: a view on the continent.
- Housing as a priority: As we strive to create cities for all, an urgent action for getting affordable homes requires a global commitment to effective and inclusive housing policies to achieve the SDGs Goals.
C. Africa’s Future: Green, digital and 4.0 industrial revolution
- Green, digital and 4.0 industrial revolution in Africa’s future.
- Supporting strategic value chains, innovation ecosystems and green transformation
Join us at the New Africa Business Development Forum and get to know the new trends,
find inspiration, and most importantly: do great business!
- B2B Networking meetings between regional and global investors and entrepreneurs from the Mediterranean arranged in a speed dating format.
- Showcase your innovation and technological skills.
- Support entrepreneurs and start-ups to showcase their innovative projects to investors.
- Join our list of Mediterranean Halal Industry Forum Sponsors & Partners.
- Encourage and register team members who are interested in innovation to attend the Forum.
European Regional Development Fund A way to make Europe