Africa Collective’s Post

🌐 Yesterday, the President of ASCAME, Mr. Ahmed El Wakil, participated in the 16th BRICS Summit held this week in Kazan (Russia). This economic summit brings together the leaders of the nine countries that are part of the BRICS group (Brazil, China, Egypt, Arab Emirates, Ethiopia, India, Iran, South Africa, and Russia), as well as representatives of other invited countries. The summit is a great opportunity to discuss global issues, such as the conflicts in Ukraine and the Middle East. 📍 This new edition of the summit is particularly important not only because of the current geopolitical context but also because it is the first summit of the group of emerging economies after its enlargement from five to nine members in January last year (with the addition of Iran, Egypt, the United Arab Emirates and Ethiopia).

🌍 Did You Know? 🌍 Africa is rapidly emerging as a global economic powerhouse, home to 11 of the world's 20 fastest-growing economies! 🌟 This growth is fueled by a young, dynamic, and rapidly expanding workforce, with the continent expected to hold 24% of the global working-age population by 2050. 💼 This demographic advantage positions Africa as a key player in the future of global trade and economic development. 📈 However, while Africa’s potential is immense, there are significant shifts in its trade relationships. Over the past 20 years, the European Union, traditionally Africa’s largest trade partner, has seen a 25% decline in its share of Africa's trade. 🇪🇺 Meanwhile, China has quadrupled its trade with Africa, becoming the continent’s most significant individual trade partner. 🇨🇳 These changes reflect a broader trend of Africa diversifying its economic partnerships, tapping into new markets, and driving innovation across various sectors. From technology and infrastructure to renewable energy and agriculture, African economies are on the rise, creating vast opportunities for investment and collaboration. 🌍💡 But with rapid growth comes challenges and opportunities that require strategic partnerships and forward-thinking leadership. That’s where the AGBC Summit Dubai 2024 comes in! 🎤 This summit is your chance to connect with key decision-makers, explore emerging markets, and be part of shaping the future of Africa's economy. 🚀 📢 Join us at the AGBC Summit Dubai 2024 to delve into the opportunities within Africa’s evolving economic landscape. Don’t miss this chance to be at the forefront of global economic shifts! 🌟 🔗 To book and secure your ticket for this invitation-only, unique business summit, contact us ASAP. 📩 DM us or send an email to: info@agbcsummit.com 🌐 Learn more: www.agbcsummit.com #AfricaRising #GlobalBusiness #InvestmentOpportunities #EmergingMarkets #BusinessGrowth #AGBCSummit2024 #TradeOpportunities #AfricaEconomy #DubaiEvents NexisAfrica Dominik Kleemann Killion Munyama John Mulenga Alicja Kozlowska Magdalena Radecka Damian Goryszewski Jeanne Adili Ndatirwa Waridi Pabst - Schrobsdorff Godwin Mordi Dr Chioma Masi Onoshakpor PhD,Engr, FHEA,CMBE Aleksandra Nykiel LL.M. Dariusz Romanowicz Rafał Kaczmarek

🌟#MeetTheGiants A distinguished moment at DAVOS 2023 with His Excellency, Fahd Bin Abdulmohsan Al-Rasheed, Advisor in the General Secretariat of the Council of Ministers of Saudi Arabia. 💡 His Excellency Fahd Bin Abdulmohsan Al-Rasheed is a visionary leader who has been instrumental in driving significant development projects and policy reforms in Saudi Arabia. 🚀His strategic insights and innovative approach have contributed to the nation's economic diversification and modernization, aligning with the goals of Vision 2030. His leadership and diplomatic skills have been crucial in fostering international partnerships and positioning Saudi Arabia as a key player in the global economy. 🌏His work in urban development, particularly in the King Abdullah Economic City, has set a precedent for sustainable and smart city planning on a global scale. 💡 As an Advisor in the General Secretariat, His Excellency's role in shaping key policies and initiatives has had a profound impact on various sectors, including economic development, urban planning, and international relations. 🔎 Davos, by the World Economic Forum (WEF) is an annual meeting held in Davos, Switzerland, organized by the WEF bringing together political leaders, business executives, economists, celebrities, and journalists from around the world to discuss pressing global issues. #MeetTheGiants #SocialInnovationPark #UnicornsforGood #TechforGood #MindfulLeadership #ImpactUnicorns #Innovation #Technology #SocialImpact 🌟 Watch this space for more on UFG’s global network of #TechForGood leaders and organizations!

While the west continues to ‘discuss’ how much renewables and when, China has bet the table on being the source of all of it. That’s partly a huge service to humanity as we can thank the early investors for the tremendous cost curve ride we now enjoy for solar panels, batteries and other things. It’s also very worrying as those late to the game will rely on someone else’s tech/products which has security, economic and other implications. It might not be too late.. But government action will be required and fast.

The 6th Prosperity Africa Chambers & Business Expo Just wrapped up in Addis Ababa, 🇪🇹 Organised by The Pan African Chamber of Commerce and Industry (PACCI) and the Ethiopian Chamber of Commerce, the conference brought together industry experts, policymakers, and innovators to explore the prospects of African trade and technology within the African Continental Free Trade Area (#AfCFTA). Key themes encompassed Digital Transformation, AI, Green Business, and sustainability. In his opening remarks, Gianluca AZZONI, the Head of Cooperation of the EU Delegation to the African Union, highlighted that Business is the driving force behind economic integration. It can't be imposed from the top down but thrives with the participation of all. Where trade flows, opportunities grow. #teameurope #GlobalGateway GIZ African Union,

This chart is perfectly in line with our post about the article of David Gowell regarding China and its rise in the hydrogen sector.

Today's Energy Transition heavily relies on #China 🇨🇳, with significant dependence on third parties, primarily African nations 🌍. Efforts to diminish this dependence are ongoing, yet genuine progress relies on cooperation and robust relationships particularly between China and Western nations 🤝. However, such collaboration faces challenges due to competing ambitions. When will we prioritize unified efforts to accelerate this critical transition? 💡 —— #energytransition #bloomberg #criticalmaterials #worldforsale #climateaction #sustainability

Key Global Developments to affect Sri Lanka

The African Cup of Nations has been nothing short of entertaining and it has naturally drawn a lot of attention to the host country - Côte d’Ivoire. What is not common knowledge however is that Côte d’Ivoire has been one of the best performing economies on the continent in the last decade, averaging a real GDP growth of 8.2% between 2012 and 2019. Just like their football team at the AFCON tournament this year, the country’s economy proved resilient during the pandemic, recording a 2% growth at a time when most of the world’s economies contracted. In 2024, Côte d’Ivoire is also projected by the IMF to experience the highest GDP growth on the continent at a rate of 6.6%. As I write in a recent blogpost for CrossBoundary Group, “I expect a successful 2024 CAF Africa Nations Cup to serve as Côte d’Ivoire’s coming-out party, bringing it to the attention of global audiences.” I posit that the country will be an attractive investment destination this year. In this piece I also share some landmark events to anticipate that have the potential to significantly impact the African investment scene this year. I write about my projections for investment activity within the region, what sector will have a breakout year and what type of investors will take center stage. Take a read here: https://lnkd.in/dqXGER5V I’m happy to hear your thoughts and your projections for the investable landscape on the continent.