Under the sponsorship of IFC, a member of the World Bank Group, the African Corporate Governance Network (ACGN) will be officially launched on 16 October, 2013 at the Hilton Hotel, Mauritius.
Following two previous meetings held earlier this year, this new initiative will be led by 10 Directors Organisations from various African countries (Kenya, Malawi, Mauritius, Morocco, Mozambique, South Africa, Tanzania, Uganda, Zambia and Zimbabwe) who will officially sign the ACGN Constitution which will bind them to work together to promote good corporate governance in Africa. Two other Directors Institutes, Nigeria and Senegal, have already indicated their interest in joining the ACGN as members.
Lilongwe, Malawi - The NEPAD Business Foundation (NBF), in partnership with USAID/Southern Africa and African institute of Corporate Citizenship (AICC) launched the Southern African Agriculture Development partnership platform (SAADPP) for malwi on Thursday, 10 october 2013.
Africa Rising – The MIoD-IoDSA international conference on Corporate Governance closed to a standing ovation
Jane Valls, CEO of the Mauritius Institute of Directors, and Mr Said Kambi, CEO of the Institute of Directors Tanzania, elected as the first Chairman and Deputy Chairman of the African Corporate Governance Network (ACGN)
Flic en Flac Hilton, October 19th. 2013 - Co organised by the Mauritius Institute of Directors (MIoD) and the Institute of Directors of South Africa (IoDSA) , Africa Rising, the International Conference on Corporate Governance for Sustainability, closed to a standing ovation on Friday 19th October 2013, at Flic en Flac, Mauritius. The 190 delegates from 17 countries were unanimous that the objectives of this road map for value creation had been largely exceeded in terms of its rich content and format and the very high quality of the guest speakers.
Lusaka, Zambia October 29, 2013
Zambia is expected to host the first Southern African Agriculture Development Partnership Platform (SAADPP) conference aimed at boosting the agri-business sector in the region.
The New partnserhip for Africa's Development (NEPAD) Business Foundation and Agribusiness Forum (ABF) will host the evnt this thursday.
NEPAD hosts insightful conversation on the new role of politics and business in Africa’s development
Johannesburg, November 8, 2012
“Business and government need to reach an honest understanding of individual goals, objectives and expectations, if we are to achieve truly harmonious working relationships and conducive working environments for both sectors.” The NEPAD Business Foundation Chief Executive Lynette Chen was speaking at the African Leaders in Dialogue, in Johannesburg, hosted by the NEPAD Business Foundation and NEPAD Agency.
The New Partnership for Africa's Development has done extensive work since its formation in 2001 to identify the infrastructure projects which will boost regional trade and support Africa's economic development. Initially, over 100 projects were promulgated by different African nation states and by 2011, PIDA had completed its study and synthesised key priority infrastructure projects. These projects met the criteria of supporting regional trade and creating trade corridors between different African nations.
Lynette Chen, the CEO of the NEPAD Business Foundation (NBF) believes the time is now ripe for these infrastructure projects to get under way. "Heads of State and governments are showing greater interest in developing the infrastructure required to unlock Africa's potential and, with the finalisation of PIDA (Programme for Infrastructure Development in Africa), a new dawn of growth is upon us all," says Chen.
Press release: Convergence of regional infrastructure plans bodes well for businesses expanding in Africa
The world is looking to Africa as its next investment and growth frontier, but in order to secure growth, Africa needs infrastructure that can support business development across the continent. If regional integration in infrastructure projects is not prioritised, Africa will lose out at this critical time that the world is looking for alternative investment destinations.
It's no secret that Africa's lack of infrastructure has hamstrung its economic competitiveness. According to the World Bank, the cost of addressing Africa's infrastructure needs is around $93billion a year. In its synthesis study, the Programme for Infrastructure Development in Africa (PIDA), a joint initiative between the African Union Commission, the New Partnership for Africa's Development Planning and Coordination Agency, and the African Development Bank, states: "Deficient infrastructure in today's Africa has been found to sap growth by as much as 2% a year (Calder 2008). This is a continental problem that requires a continental solution."
The NEPAD Business Foundation Congratulates G8 on the New Alliance for Food and Nutrition Security Initiative
One of the key accomplishments coming out of the 2012 G8 conference held at Camp David last week was the establishment of the New Alliance for Food and Nutrition Security Initiative. In announcing the initiative, US President Barack Obama pledged to invest over US$3 billion in Africa's agricultural sector. The commitment, to be driven in conjunction with the World Economic Forum, is aimed at improving private-sector investment in Agriculture and lifting tens of millions of Africans out of poverty.
The NEPAD Business Foundation (NBF) is excited at this new development. Since 2005, the NBF has sought to promote sustainable economic development in Africa by leveraging its relationships with local and international private sector. The NBF has worked extensively with its partners in the agricultural space. Current NBF agriculture projects seek to link smallholder farmers with large commercial farmers, retailers and other private institutions along the agricultural value chain. In addition, the organisation seeks to provide smallholder farmers with the latest research and the right tools and skills to improve their lives and to successfully contribute to the growth and development of the sector.
The South African government has made 2012 the year for infrastructure, on the basis that the build programme will alleviate poverty, inequality and unemployment.
Stanley Subramoney, Chairperson of the NEPAD Business Foundation and Deputy CEO of PricewaterhouseCoopers, believes that government's focus on infrastructure is correct. "What we find as a nation is that we are now competing across the globe and competing aggressively with other emerging economies. The key to survival is our ability to drive down the cost of business and to make sure we get our goods to market as cheaply and soon as possible. So building an efficient logistics infrastructure to get our products to market is crucial."
The need for infrastructure development in emerging markets is critical. In most African countries, particularly the lower-income countries, infrastructure emerges as a major constraint to doing business. The cost of addressing Africa's infrastructure needs is around $93billion a year, according to the World Bank.
Infrastructure will play a central role in South Africa's economic growth path in the years to come. In his 2012 budget speech in February, Finance Minister Pravin Gordhan announced the introduction of multi-billion rand infrastructure projects that will help bring down South Africa's high unemployment rate, which stands at 23.9%. The role of parastatals in developing infrastructure, and the long-term financing of infrastructure development, is also expected to be a central issue at the African National Congress's (ANC's) policy conference later this year.
20 July 2012
Johannesburg: Nedbank in partnership with the New Partnership for Africa's Development (NEPAD) Business Foundation hosted the second Nedbank-NEPAD Networking Forum to provide insight into the investment environment in Africa and how it should influence companies' growth strategies.
Addressing the forum was Elias Masilela, CEO of the Public Investment Corporation's (PIC), South Africa's largest asset manager. Masilela shared insights into the PIC's Africa expansion strategy launched this year, the rationale behind it, and the investment portfolio composition.