GTB 737 banner Yudala banner

Is Africa really rising? Elumelu, Adesina, Graca Machel and others think so

By News Express on 13/05/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,424


Contrary to popular belief, Africa is rising! So said the co-chairs at the World Economic Forum on Africa held in Kigali, Rwanda, from May 11 -13, 2016.

Rwanda, the land of many hills, was as beautiful as ever as it welcomed 14 African heads of state and many leading African business persons who converged to discuss how to move the African continent forward.

Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, Vice Chairman of the Board Agility, were co-chairs at the Forum which discussed the 4th industrial revolution and the impact it will have across the continent.

The numerous plenary sessions and discussions throughout the forum, some of which were opened by H.E President Kagame, centred on creating dynamic and effective strategies to encourage long term development and continued economic growth in light of the opportunities and challenges faced on the continent.

According to Elumelu, discussing at the forum on moving Africa forward, organised by NEPAD, “When people say Africa is on the move, it is truly on the move because we have an ecosystem that is supporting itself. Let us remember to keep passing the baton to others’ in reference to championing young African entrepreneurs across the continent. Elumelu who has endowed $100m through his Tony Elumelu Foundation in support of Young entrepreneurs with start up businesses stated that the only way the continent’s anticipated movement will happen is when private sector helps to create significant jobs and employment for youths thus addressing one of society’s most pressing needs and challenges.

On his part, Adesina emphasised that everything revolves around power in the 4th industrial revolution. “We must recognise that it (the 4th industrial revolution) is already on its way but everything revolves around access to power and electricity.” Creation of jobs is the second issue he added. The huge numbers of youths who do not have jobs on the continent heighten social and economic fragility in Africa, Adesina said at the meeting of the forum’s co chair on the second day.

Winnie Byanyima of Oxfam who herself was not a co chair reiterated that public education was one of the keys to the success of Africa rising just as Graca Machel did. For Nelson Mandela’s widow, education and gender equality were the two main issues that needed to be resolved in order for the continent to move forward. According to her, “We have not been able to anticipate the needs of skills. We can’t move as we should if we don’t take a look at how we reinvent our systems of education and private sector has a role to play here along with the public sector. So systems will prepare young people for the future”.

There was no doubt that the top three main issues for the continent as emerged from the World Economic Forum on Africa are: job creation, access to power and transportation.

On the issue of poor transportation networks on the continent, Dr. Mayaki acknowledged that “the competitiveness of our industries is largely affected by logistics problems in Africa.’ This was further buttressed by Elumelu who explained that “Africa is a continent rooted in its past. We have a transportation system conceived, designed and built centuries ago not for the purpose of intra trade nor for moving people around, but for goods to be moved to ports. Tareq Sultan Al Esso was in agreement and said “we need to focus on trade facilitation. We have to make it easier for everyone to do business. It’s low hanging fruit”.

So again we beg the question: Is Africa rising?

Elumelu sees the glass as half full.  In spite of the decline in commodity prices in the world in the past five years, Africa has remained relatively resilient.  For Elumelu “I would rather invest in Africa than elsewhere in the world because the return on my investment in Africa is much higher than elsewhere in the world. I see myself as an Africapitalist and everything I do is guided by this philosophy’. He enjoins Africans to develop Africa but is open to help from outside of Africa. His message to foreign Aid agencies and owners of the billions of capital worldwide looking for a home: “Let other wealthy Africans, friends of Africa who want to help Africa truly develop, and organisations committed to youth empowerment and job creation take up the rest of the applications from our Tony Elumelu Entrepreneurship Programme.”

As everyone leaves Rwanda, a once ravaged country transformed into a beautiful African haven, it is with hope that Africa also can become transformed in a truly sustainable way.

Africa is indeed rising. The continent is on the move.

Source News Express

Posted 13/05/2016 8:41:20 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
NSE market indices down by 2.45 per cent...

Bayelsa Assembly raises the alarm over earth tremor...

32 perish in fresh Taraba violence •Insurgents sack...

COAS warns officers against fraternising with politicians

JIHAD GUIDELINES ISSUED

Pericoma: When an ancestor travels

63 groups petition IGP over missing Charity Aiyedogbon,...

Encourage Nigerians to enrol into NHIS, Leke Pitan...

MMM Special Series Part 2: MMM as an...

Kidnapped Archbishop Kattey regains freedom, reunites with family...

El-Rufai advises Northern Governors, traditional rulers on constitutional...

Govs, lawmakers, judges are all corrupt, declares ex-ICPC...

 

Latest News Hope rises for improved gas supply as Shell JV’s Gbaran-Ubie Phase 2 comes on stream BREAKING: Buhari cancels Federal Executive Council meeting •To receive report on SGF, DG NIA today EFCC clears Swift Transfer Boss, Chris Akinyomi of fraud allegations •He is no longer on EFCC Wanted List – Lawyers 5,907 Police Inspectors promoted to new rank •New AIG, 2 CPs, 47 CSPs and 498 Supols also emerge Mikel, Ighalo lead Super Eagles squad for Cameroon •Gernot Rohr’s full 23-man list Biafra: Buhari lied on Ojukwu; we challenge him on evidence — Zionists Recruitment: Navy releases list of successful candidates Leadership crisis claims life in Anambra Adeosun emerges Chairperson of ECOWAS Investment Bank FG plans audience measurement conference to catalyse broadcast industry growth Elumelu in Jaji, tasks leaders on lasting legacies for coming generation Ortom asks herdsmen to ignore quit notice threats

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (272,629 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (254,531 views) Shameless Genevieve Nnaji exposes breasts in public (206,826 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (174,598 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (173,427 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (154,929 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (134,143 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (125,241 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (118,187 views) Lagos plane crash: Journalist releases victims’ names (109,539 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (108,832 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (101,381 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,664) Business Verdict (20) Columnists (728) Complaints & Requests (92) Enterprise & Opportunities (174) Entertainment (352) Features (479) Global Business Monitor (171) International (1,498) Interviews (128) Live Commentary (28) Love Matters (68) News (27,676) Opinion (785) Pidgin (8) Politics (3,866) Religion (599) Sports (1,309) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

President Muhammadu Buhari's National Broadcast

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!