Category: COVER

  • Message by H.E. Mr. Wavel Ramkalawan on World Oceans Day 2023

    Message by H.E. Mr. Wavel Ramkalawan on World Oceans Day 2023

    08th June 2023

    Today, we are commemorating the World Oceans Day as a reminder of the immense significance our oceans hold for all of humanity, and in particular, for us, the Seychellois people. Our oceans are not merely vast bodies of water; they are the lifeblood of our nation, providing sustenance, livelihoods, and inspiration. They are a source of beauty and wonder, and they connect us to the rest of the world. Today, we come together to celebrate this invaluable resource and to acknowledge the collective action required to ensure its sustainable use and preservation.

    The ocean has always been an integral part of Seychelles’ identity. It is interwoven into our culture, our history, and our very way of life. From the vibrant coral reefs that surround our islands to the diverse marine species that call our waters home, we are blessed with a natural heritage that is unrivaled. But with this privilege comes a great responsibility. We must be steadfast guardians of our oceans, protecting them for future generations and upholding our commitment to sustainable practices.

    In this pursuit, the blue economy emerges as a driving force, propelling us toward a future where economic growth and environmental stewardship go hand in hand. The blue economy is not merely a concept; it is a testament to our belief that sustainable development is possible, that we can harness the potential of our oceans while safeguarding their integrity. It is an invitation to explore new frontiers, where innovation and conservation converge, creating opportunities for our people and securing a vibrant future for Seychelles.

    But the blue economy cannot thrive in isolation. Collaboration and partnership are the linchpins of success. Today, we stand united, recognizing that no single entity or nation can single-handedly manage the vast expanse of our oceans. We must work hand in hand, sharing knowledge, expertise, and resources, to ensure the effective and responsible management of our marine ecosystem.

    I stand before you today as the Patron of the Ocean Decade Alliance, as a testament to the power of collaboration. It is through partnership that we have made great strides in marine use and conservation, establishing marine protected areas, developing emerging blue economy sectors such as marine biotechnology and circular economy, implementing sustainable fishing practices, and pioneering innovative solutions to combat climate change. Together, we have achieved significant milestones, but our work is far from over.

    As we move forward, let us engage with communities, empower our youth, and foster a sense of ownership and responsibility for our oceans. Seychelles is known as the African Union Blue Economy Champion, but you, the people, are the real champions, because it is you who has the power to effect change! Let us be the champions of change, working together to ensure that our marine resources are managed wisely and that the splendor of our oceans endures for generations to come.

    On this World Oceans Day let us be inspired by the beauty and resilience of our oceans, and let us remember that their fate is in our hands. Together, we can build a future where the blue economy flourishes, where sustainable practices guide our actions, and where the ocean remains a source of inspiration, prosperity, and life.

    Thank you!

    SOURCE: (STATE HOUSE)

  • 12th Edition of Annual Investment Meeting Closes on a Positive Note

    12th Edition of Annual Investment Meeting Closes on a Positive Note

    AIM attracted 10,313 visitors from 175 countries, who engaged in 281 sessions featuring 693
    speakers

    Abu Dhabi, United Arab Emirates, May 25, 2023: The 12th edition of the Annual Investment Meeting
    2023, held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan,
    Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, came to a grand close,
    after three days of insightful discussions, engaging exhibitions, and fruitful networking sessions.

    This year’s theme “The Investment Paradigm Shift: Future Investment Opportunities To Foster
    Sustainable Economic Growth, Diversity and Prosperity” aimed to provide a platform for global
    investors, entrepreneurs, and policymakers to explore new opportunities and partnerships that will
    drive sustainable economic growth and development.

    Commenting on the successful conclusion, H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for
    Foreign Trade, said, “The Annual Investment Meeting has been a resounding success.

    The annual event has once again provided a platform for business leaders, investors, and government officials
    to come together and explore new avenues for collaboration and investment. As the world continues
    to face unprecedented challenges, and the rapidly evolving global economic landscape, it is more
    important than ever for us to work together and find innovative solutions to these challenges. At this
    year’s AIM, we have seen first-hand the power of collaboration and innovation.

    From the engaging discussions and insightful presentations to the numerous business deals that have been made, this event has demonstrated the tremendous potential of international cooperation. I am confident that
    the relationships and partnerships that have been forged here at the AIM will help to bring about a
    brighter future for us all. I look forward to seeing the fruits of our collective efforts in the months and
    years to come.”

    His Excellency Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development
    (ADDED), said: “The success of the Annual Investment Meeting 2023 reflects Abu Dhabi’s status as
    global hub for business, investment, and talent as well as the role it plays in setting agenda and
    leading conversations to address current and future challenges and opportunities.

    This year’s edition of AIM served as a platform to engage with key decision-makers, investors, thought and business
    leaders from around the world to double down on the unique attributes of Abu Dhabi’s soaring
    ‘Falcon Economy’ and the ample opportunities it provides to the global investment community to
    grow, thrive, and expand.”

    H.E. Al Zaabi added: “We remain committed to build on our remarkable achievements and continue
    to thrive as the most competitive destination for industry, trade, and finance by offering unparalleled
    business-friendly ecosystem to help global businesses succeed and flourish.”

    Over the course of the event, AIM attracted 10,313 visitors from 175 countries worldwide, who
    engaged in 281 sessions featuring 693 speakers who shared their perspectives, insights, and
    experiences on investment trends, opportunities, and challenges in various sectors and industries.

    This year’s edition of AIM was particularly notable for the 23 Memorandums of Understanding
    (MoUs) signed on the sidelines of the event, including the six Tolerance and Coexistence MoUs such
    as those between the UAE and the Republic of Kazakhstan, the UAE and the Republic of Armenia,
    and the UAE and the Island of Guinea, among others.

    The MoUs, signed between government entities, financial institutions, and private sector firms from
    different countries, covered a wide range of sectors and industries, including finance, healthcare,
    education, energy, and technology. The MoUs aim to promote strategic partnerships and
    collaborations that will drive investment and economic growth across different regions and sectors.

    The AIM 2023 also featured an engaging exhibition that showcased the latest innovations, products,
    and services from different sectors and industries. The exhibition attracted a diverse range of
    exhibitors from different countries and sectors, who demonstrated their products and services and
    engaged with visitors and stakeholders. Some of the key exhibitors were Abu Dhabi Chamber, Abu
    Dhabi Global Market, WeGo, Saud Bahwan, Emirates Development Bank, and Hong Kong Trade
    Development Council.

    Commenting on the success of the event, Dawood Al Shezawi, Chairman of Annual Investment
    Meeting, said: “As we conclude this year’s Annual Investment Meeting, I would like to express my
    gratitude to all of the participants, speakers, and organizers for making this event a tremendous
    success.

    It has been a privilege to witness the many engaging discussions, insightful presentations,
    and innovative ideas that have been shared over the past few days.

    The AIM has always been a platform for bringing together leaders from the worlds of business, finance, and government, and this year’s event has been no exception. From the challenges and opportunities to the latest trends
    and developments in investments, technology and innovation, we have explored a wide range of
    topics that are shaping the future of investment and economic development.

    “As we look ahead to the coming months and years, I am confident that the relationships and
    partnerships that have been forged here at the AIM will help to drive economic growth and create
    new opportunities for people around the world. We must continue to work together to find
    innovative solutions to the challenges we face, and to build a more resilient, sustainable, and
    inclusive global economy.

    Once again, I would like to thank everyone who has contributed to the
    success of this year’s AIM, and I look forward to seeing you all again at future events.”

    The AIM 2023 demonstrated the importance of collaboration, innovation, and sustainable
    development in driving economic growth and prosperity, and the next edition of AIM promises to be
    even more exciting and engaging.

  • Boosting Africa’s Job Creation and International Tourism

    Boosting Africa’s Job Creation and International Tourism

    Africa’s Top Rated Hospitality Investors due Nairobi

     ……As Africa Hospitality Investment Forum(AHIF 2023) Holds

     Story: Mohammed Abu

    The Organizers of Africa’s premier hospitality industry event, the Africa Hospitality Investment Forum(AHIF),the Bench, announced on Wednesday that, Africa’s top notch and largest hospitality industry investors are due, Nairobi, Kenya and would be live on stage for the 2023 edition of the event.

    The investors the official announcement said, include Olivier Granet, Managing Partner & CEO, Kasada Capital Management, Alyshia Mangalji, VP Europe & Africa, Westmont Hospitality Group, Rahul Chaudhary, Managing Director, CG Corp Global and more.

    Investors of their caliber, the announcement noted, can help to fund projects that create thousands of jobs and boost international tourism, which is a major source of export revenue for many African countries.

    Their presence, alongside numerous other hotel owners, it added, has attracted top hospitality executives, government ministers, officials, bankers, consultants, and industry experts from over 50 countries to network and discuss the most pressing issues affecting the development of hotels across the continent.

    The AHIF program will cover a wide range of topics, including global risks and their impact on Africa’s hospitality industry, achieving net-zero targets, implementing environmental, social, and governance (ESG) strategies, access to capital, transformational travel, hotel development challenges and opportunities, hotel financing criteria, successful tourism entrepreneurship, operational excellence, the importance of human skills, alternative accommodation, emerging market dynamics, the latest trends, the future of hospitality investment in Africa and more.The event is further enhanced by AviaDev Real Estate, which overlaps with the last day of AHIF.

    It offers high-level discussion and case study presentations on successful airport real estate projects. Pre-set appointments will connect the owners and operators of African airports to those with the finance, expertise, and contacts to help them maximise revenue from their airport infrastructure, including from hospitality, as well as retail, cargo, warehousing, and other activities.

    Sponsored by Host Partner, Actis and Westmont Hospitality Group, Radisson Hotel Group; Reception Host: Kasada Capital Management; Accor, Aleph Hospitality, BWN Hotels, CHIC, CityBlue Hotels, Colliers, Equate, Hansgrohe, IHG Hotels & Resorts, Insignia, among several others, AHIF 2023 offers a highly influential speaker line-up that includes:

    Hon. Peninah Malonza OGW, Cabinet Secretary, Ministry of Tourism & Wildlife Kenya

    Haitham Mattar, MD MEA & SW Asia, IHG Hotels & Resorts

    Peter Greenberg, Travel Editor, CBS News

    Rajan Datar, Host of BBC Travel Show & BBC World News

    Pat Thaker, Economist Intelligence Unit

    Thomas Mundy, Head of Capital Markets Strategy & Research EMEA, JLL

    Jameel Verjee, Founder & CEO, CityBlue Hotels

    Catherine Hendry, Principal: Property Finance Africa, Nedbank

    Srividya Jagannathan, Manager Consumer and Social Services, International Finance Corporation, World Bank Group

    Vimbai Masiyiwa, CEO, Batoka Hospitality Group

    Karim Cheltout, Regional Vice President, Lodging Development Africa & All-Inclusive EMEA, Marriott International

    Trevor Ward, Managing Director, W Hospitality Group

    Billy Cheung You Tung, Chairman of the Board, Century Park Hotel and Residences Ltd

    Dupe Olusola, CEO, Transcorp Hotels

    Hamza Farooqui, Founder & CEO, Milat Investments

    Wytze Van den Berg, VP EMEA, BWH Hotels

    Daniel Silke, Political Futures Consultancy and an array of other impressive individuals, discussing more topics such as empowering women, green tech, and regional sourcing.

    “We feel honoured to have such an exceptional list of speakers for this year’s Africa Hospitality Investment Forum,” said Matthew Weihs, Managing Director of the bench.

    “Their expertise and unique perspectives will undoubtedly produce enlightening discussions on the key issues shaping the African hospitality industry. Thanks to their engagement and our commitment to providing a platform for industry leaders to connect and collaborate, AHIF will continue to play a vital role in driving investment and growth in the sector.” Mr.Weihs intimated.

    The Africa Hospitality Investment Forum (AHIF) is the premier gathering of industry leaders, investors, government officials, and hospitality professionals in Africa. It provides a platform for discussing investment opportunities, forging strategic partnerships, and promoting sustainable growth within the African hospitality sector.

    With its dynamic program, influential speakers, and networking opportunities, AHIF drives investment and development across the continent.

    Over the past 25 years, Bench has established a legacy for delivering business forums and conferences in Europe, Africa, the Middle East, and Latin America. It has built a reputation for delivering immersive virtual events, energizing masterclasses and innovative B2B digital strategies for its clients.

    For more details about AHIF, which takes place on 12th – 14th June in Nairobi, and to register for the event, please visit www.ahif.com.

     

     

  • Scaling up Circular Economy Best Practices

    Scaling up Circular Economy Best Practices

    Europe to lead the Charge with Nature at heart, Green Deal Orientation

    ……As A Sitra Memorandum is due Publication during WCEF2023 in Helsinki

    Story: Mohammed Abu

    Kari Herlevi, Project Director, Global collaboration Finnish Innovation Fund, Sitra, has cautioned that, human activity is exceeding the carrying capacity of nature and thereby threatening the very foundation of our economy and well-being and as such, humanity he urged, need to quickly transition to a society that improves the state of the environment and enables everyone to adapt to the carrying capacity of nature.

    The circular economy, Mr. Herlevi noted, “is a systemic approach to production, consumption and materials management that gives us more value from what we have, leaving room for nature to thrive” adding,” this is possible by maximizing both value and use of products and materials, and by applying regenerative principles”.

    The predominantly globally linear economy, he also intimated, accounts for biodiversity loss, Climate Crisis and Depletion of natural resources.

    Mr. Herlivi made these remarks during an online Press Briefing in Helsinki, Finland, on Tuesday, ahead of the impending World Circular Economy Forum(WCEF2023) slated for 30TH May-2 June, in Helsinki.

    Investing in the circular economy, he urges, is a way to increase profitability and resilience for companies across value chains. It also reduces dependencies on scarce virgin materials and creates sustainable growth and new jobs.

    The World Circular Economy Forum held annually since 2016 in Finland, the Netherlands, Canada and Rwanda is an International platform to develop and scale up best practices

    World Circular Economy Forum 2023 edition is hosted jointly by Nordic Innovation and Sitra, the Finnish Innovation Fund, with international partners in Helsinki from 30 May to 2 June.

    The event offers, four (4) Plenaries on critical global themes, 16 Parallel sessions on hot circular economy topics and solutions and 2 days of Accelerator Sessions organized by partners. With areas dedicated for Expo, Exhibitions and Networking, the Forum will showcase global change makers and build the capacity to collaborate.

    The World Circular Economy Forum 2023 seeks to explore circular solutions for nature and the economy, zooming in e.g., on finance, food, forestry, future skills, metrics, mining and energy, as well as road maps, trade and value chains, engaging the voices of young generations to top level discussions.

    World’s Circular Economy Snapshot

    Current state of circular economy globally – The Circular Material Use Rate is still far too low: in the EU 11.7 per cent in 2021, while target for 2030 is 23.4 per cent – More and more circular beacons: for example, material innovations in batteries, forestry and textiles – Circular momentum nearing a tipping point – 77% of EU firms touch upon circular economy in their sustainability reports – 40+ countries have circular economy road maps and strategies. The EU is leading the way, but others are following closely… – 52 NDCs include circular economy – Global treaties

    “Europe can lead the way – putting the nature at the heart of the European Green Deal”, Will be published on 29 May: A Sitra memorandum offering “building blocks” upon which to design the next version of the European Green Deal.

    The paper address EU policy from the point of view of reducing the pressures on nature while creating new market opportunities and innovation. Focusing on: – ecosystem accounting and biodiversity offsets as enablers and tools for making nature’s value a visible part of decision-making – mainstreaming circularity by creating a circular single market – viewing nature as a business opportunity – using data and digital product passports as enablers of a green transition – Reforming the common agricultural policy

    “Nordic solutions accelerating the circular economy “notes, Svein Berg Managing Director Nordic Innovation

    The Finnish Parliament established Sitra as a gift celebrating the 50th anniversary of Finland’s independence. The public future-oriented organization in 1967, was given the mission to build the successful Finland of tomorrow.

  • Top circular economy event calls for future-proofing of investment portfolios

    The seventh World Circular Economy Forum (WCEF) shows how to create a new economy, businesses and jobs, by leveraging circular solutions to solve the planetary crises. Held in Helsinki, Finland from 30 May to 2 June, the leading circular economy event gathers forward-looking doers and thinkers and presents the game-changers helping governments, industries, businesses and households become circular.

    Picture: Topias Dean / Sitra

    This year’s World Circular Economy Forum WCEF2023 shows how the pressing challenge of rapidly scaling up circular solutions can be answered worldwide. For instance, the forum demonstrates how investing in the circular economy is a way to increase profitability and resilience for companies across value chains. Reducing dependencies on scarce virgin materials create sustainable growth and new jobs. Collaboration is key so that entire value chains can become more circular.

    The Forum also explores the role and possibilities of the financial sector to tackle challenges and drive coherent action towards de-risking investment in circular initiatives globally. We aim to demonstrate that well-being within the boundaries of nature is possible with policies which create incentives to adequately price natural resources and unlock investments to support uptake.

    “I hope businesses and investors as well as countries are looking for truly future proof strategies. Are they ready to respond to the growing call to put nature at the heart of all decision making, business and our lifestyles? Through the WCEF2023, we want to help all kinds of organisations look further into the sustainable and profitable future,” says Jyrki Katainen, President of the Finnish Innovation Fund Sitra, WCEF2023’s co-host.

    Another important topic of the forum are circular solutions to halt the loss of biodiversity, where the food and agriculture sector can make the greatest contribution. Additionally, decarbonising the world is critical: as the demand for metals and materials grows exponentially, circular solutions are needed more than ever.

    “Setting up new conservation areas is of course necessary, but not enough. If we ever reached the global target to protect 30% of our land and water areas, more significant is what happens in the other 70%. From this point of view it is necessary to integrate economy and market mechanisms to bring solutions,” Katainen continues.

    The WCEF2023 brings together more than 2,000 new economy pioneers in Helsinki and thousands more online. You can hear the ideas of more than 120 speakers, participate in 42 results-oriented accelerator sessions, and explore more than 50 circular economy champions in the Expo area. The WCEF2023 is the place to find the best business models, financial instruments, innovations, partners, policies and strategies.

    Visions for a circular future by young leaders

    The WCEF2023 amplifies strong voices of young generations about the need of transformation from the current linear “take-make-waste” economic system towards a sustainable and regenerative circular economy. At the same time, young voices at the Forum are challenging the way we currently understand the circular economy and demanding for not only their voice but also that of nature to be heard.

    “We need to include younger generations to the circular economy discussions as this transition will define their future. That is why we have engaged youth organisations and asked them to actively join the circular economy community at the WCEF2023”, says Svein Berg, Managing Director of the Nordic Innovation, also co-host of WCEF2023.

    Meet top doers and thinkers from all over the world!

    How the game-changing solutions will be scaled up everywhere will be discussed at WCEF2023 in Helsinki by Managing Director of BlackRock Christopher Kaminker, Chief Impact Officer of Circulate Capital Ellen Martin, Vice-President of European Investment Bank Ambroise Fayolle, Director of African Development Bank Anthony Nyong, Managing Director of the Nordic Development Fund Karin Isaksson, UN Assistant Secretary-General Elizabeth Mrema, Executive Vice-President of the European Commission Frans Timmermans, EU youth delegate to the UN Nadia Gullestrup Christensen, Founder of Swivel Skills & UnSchool Leyla Acaroglu, President and CEO of Metsä Group Ilkka Hämälä and Co-Founder of Climate Farmers Philippe Birker, among others.

    Online press briefing on 23 May and accreditation

    Want to learn more? Representatives of the co-hosts will share their thoughts and answer questions in an online press briefing on 23 May 15:00 (EEST; UTC+3) / 12:00 (UTC). The briefing is limited to representatives of the media and will take place on Microsoft Teams.

    The speakers of the press briefing include:

    • Kari Herlevi, Head of Global Collaboration Unit for Sustainability Solutions, The Finnish Innovation Fund Sitra
    • Svein Berg, Managing Director, Nordic Innovation

    Media representatives are required to register for the briefing by 22 May 16:00 (EEST; UTC+3) / 13:00 (UTC) at https://www.lyyti.fi/reg/WCEF2023__Online_press_briefing_0547. Registered journalists will be provided with the link to join the Microsoft Teams meeting.

    To join WCEF2023 from 30 May to 2 June online or on-site in Helsinki, media accreditation is needed and is available on the event website at www.wcef2023.com/media.

    Mediakit and logos

    Download our media kit from WCEF2023’s website for more background information on the circular economy and the World Circular Economy Forum. You’ll find story ideas, contact information of experts for your interviews as well as recommended background material.

    The WCEF2023 logo is available at Sitra’s material bank.

    Media contacts

    Media inquiries and interview requests should be addressed to WCEF2023’s media liaisons:

    Source:(SITRA/Nordic Innovation)

     

  • Nigeria’s Simi Nwogugu named Top 10 finalist for Africa Education Medal 2023

    Nigeria’s Simi Nwogugu named Top 10 finalist for Africa Education Medal 2023

    Founded by T4 Education and HP in collaboration with Microsoft, the Africa Education Medal is Africa’s most prestigious education accolade
    Nigeria’s Simi Nwogugu, CEO of JA Africa, has been named as a Top 10 finalist for the Africa Education Medal 2023. Founded last year by T4 Education and HP in collaboration with Microsoft, the Africa Education Medal is Africa’s most prestigious education accolade.
    The Africa Education Medal was established to recognise the tireless work of those who are transforming education across the continent – to celebrate the stories of those who have lit the spark of change so others will be inspired to take up the torch. It is given to an outstanding individual who has demonstrated impact, leadership, and advocacy in the field of education.
    Simi Nwogugu is CEO of JA Africa, part of the Nobel Peace Prize-nominated JA Worldwide, one of the world’s largest youth-serving NGOs that prepares young people for the future of work. She was first introduced to JA while working at Goldman Sachs in New York City. Impressed by the organisation, she quit her lucrative job at age 24 to bring JA to Nigeria, where it now reaches more than 100,000 young people annually, before going on to head up JA’s operations across the continent.
    The vital importance of Nwogugu’s work is highlighted by the fact that 60% of the population of sub-Saharan Africa and about 37% of its workforce are under the age of 25. By 2025, Africa will be home to 25% of the world’s youth population. Through the delivery of hands-on, blended learning in financial literacy, work readiness, and entrepreneurship, her organisation empowers young people to grow their entrepreneurial ideas, hone their work readiness skills, manage their earnings and secure better lives for themselves, their families, and their communities.
    For 25 years, Nwogugu has been leading JA’s efforts in various capacities as it embarked on a mission to help young people to generate and effectively manage wealth, create jobs for their communities, as well as apply entrepreneurial thinking to the workplace and skills that will secure their financial future. Her passion for strategy and innovation led to the development of many impactful programmes that are ensuring young Nigerians have the skillsets and mindset to succeed.
    She is a passionate advocate for girls’ education and one of her unique initiatives includes the Leadership, Empowerment Achievement & Development (LEAD) Camp for Girls, which has inspired and empowered over 1,200 young girls to become high-achieving women leaders in society.
    Another initiative she has championed is the Venture in Management Programme (ViMP), which is designed to empower young people in the different facets of managing a business, making crucial business decisions and developing skills for General Management and social responsibility.
    Graduates of the programme have gone on to become founders of Nigeria’s leading businesses as well as leaders of the most impactful non-profit organisations on the continent. She also built digital and out-of-school youth programmes that enabled her organisation to reach underserved populations in the North of Nigeria, even during the Boko Haram crisis and the COVID-19 pandemic.
    Prior to becoming JA Africa CEO in 2020, she led JA Nigeria to impact the lives of over 1 million Nigerians in 5,000 schools. Among the many JA alumni who have gone on to become job creators and social entrepreneurs is Iyin Aboyeji, the founder of two unicorns: Andela and Flutterwave.
    Nwogugu also serves as President of the governing board of the Harvard Business School Alumni Association of Nigeria (HBSAN), and has been recognised by the school with numerous awards including the Bert King Award for Social Impact presented by the Harvard Business School African-American Alumni Association. She is currently a fellow of the Aspen Institute’s Africa Leadership Initiative for West Africa (ALIWA) where she is pursuing her passion to empower and equip 10 million African girls to build thriving communities by 2050.
    Mayank Dhingra, Senior Education Business Leader, Southern Europe, Middle East and Africa, at HP said:
    “My warmest congratulations to Simi Nwogugu on being named a Top 10 finalist for the Africa Education Medal 2023. Her tireless work to improve education stands as an inspiration to us all and I hope many others will follow in her footsteps to become leaders in the field.
    “HP has a bold goal to accelerate digital equity for 150 million people globally by 2030. Only by joining forces and aligning with NGOs, government, educators and businesses can we truly improve the education environment. The Africa Education Medal brings together all those who are changing the face of African education, whose vital work deserves to be celebrated.”
    Vikas Pota, Founder and CEO of T4 Education, said:
    Africa’s teachers and school leaders, and its leaders of governments, NGOs and businesses, all play a crucial part in unlocking the continent’s potential through quality education. African education stands at a crossroads in the wake of the pandemic, but if leaders from across the continent in every field can work together then they can build the lasting change needed.
    “I congratulate Simi Nwogugu on her achievements in skilling up Africa’s young people and I hope her success serves as rallying cry for changemakers to come forward and make a difference.”
    The Top 10 finalists for the Africa Education Medal are:
    Mary Ashun, Principal of Ghana International School, Ghana
    Laura Kakon, Chief Growth & Strategy Officer of Honoris United Universities, Morocco
    Rogers Kamugisha, Country Director of Educate!, Rwanda
    Grace Matlhape, CEO of SmartStart, South Africa
    Mary Metcalfe,  former policymaker and CEO of Programme to Improve Learning Outcomes (PILO), South Africa
    Martha Muhwezi, Executive Director of FAWE, Uganda
    Jean-Claude Nkulikiyimfura, Executive Director of Agahozo-Shalom Youth Village, Rwanda
    Simi Nwogugu, CEO of JA Africa, Nigeria
    Sara Ruto, Former Chief Administrative Secretary of Kenya’s Ministry of Education and former CEO of PAL Network, Kenya
    Snehar Shah, CEO of Moringa School, Kenya

    Nominations for the Africa Education Medal opened in February 2023 for individuals working to improve pre-kindergarten, K-12, vocational and university education who are either educators, school administrators, civil society leaders, public servants, government officials, political leaders, technologists, or innovators.

    The winner of the Africa Education Medal will be announced in July. Finalists will be assessed by a Jury comprising prominent individuals based on rigorous criteria.

    ABOUT T4 EDUCATION:

    We believe every child everywhere deserves a good education. We are building the world’s largest community of teachers and schools to achieve this. Together. Our digital media platform provides opportunities for educators to network, collaborate, share good practices, and support each other’s efforts to improve learning and school culture. We work to amplify teachers’ voices because the world we want to see will only be built by listening to those at the heart of education.

    Our global community of over 200,000 teachers and our digital media platform provides an engine for organisations to run education prizes that cut through in both the international media and the public consciousness.

  •   Centre for the Fourth Industrial Revolution Malaysia to Accelerate Green Transition, Digital Transformation

    The World Economic Forum and the Government of Malaysia have established the first Centre for the Fourth Industrial Revolution (C4IR Malaysia) in the Asia-Pacific region

    • C4IR Malaysia will focus on the digital economy, the energy transition and digital transformation
    • The Prime Minister of Malaysia and the President of the World Economic Forum open the launch event today
    • For more information on C4IR Malaysia and the Forum’s C4IR Network, click here

    Kuala Lumpur, Malaysia, 15 May 2023 – The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched today by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende.

    C4IR Malaysia will play a crucial role in driving the advancement of the digital economy in Malaysia, with a focus on supporting the country’s energy transition and digital transformation. The centre will serve as a public-private platform, bringing together leaders from government, business, civil society, academia and other sectors to advance new partnerships and initiatives that can unlock the value of technology for Malaysia’s economy and society. The centre is hosted by MyDIGITAL, a national initiative aimed at transforming Malaysia into a digitally driven, high-income nation and a regional leader.

    This initiative marks a significant milestone in Malaysia’s journey to becoming a global leader in technology governance and innovation. C4IR Malaysia is the first centre in the Asia-Pacific region as part of the World Economic Forum’s global C4IR Network. With this launch, Malaysia has now joined a community of 18 centres, where new and innovative approaches to technology governance, adoption and scaling are being developed and implemented at the national, regional and international levels.

    Anwar Ibrahim, Prime Minister of Malaysia, said: “Malaysia is honored to be part of the global network of Centres for the Fourth Industrial Revolution with the first Centre for 4IR in Southeast Asia. This is a testament to the critical value of Malaysia’s efforts to become an advanced, digitally-driven, high-income nation and a regional digital economy leader fostering innovation, entrepreneurship and collaborations between stakeholders.

    The Malaysia Centre for 4IR will further strengthen Malaysia’s human-centered policy towards the Fourth Industrial Revolution and contribute towards our target of entering the Top 20 in the Global Innovation Index. We are confident that a resilience-oriented approach will also improve the nation’s People’s Wellbeing Index score and enhance productivity to create inclusive, balanced, responsible and sustainable economic growth.”

    Addressing the leaders at the launch, Børge Brende, President, World Economic Forum said: “Malaysia’s leadership in the region and commitment to driving the Fourth Industrial Revolution is commendable. Through the Centre for the Fourth Industrial Revolution Malaysia, we are excited to work together with the government, business and civil society leaders to unlock the value of technology for the benefit of all Malaysians. This partnership will not only drive transformation but also help build a more sustainable, inclusive and resilient future for Malaysia and the region.”

    Following the official launch, C4IR Malaysia hosted two roundtable discussions to address its thematic priorities, inviting leaders from business, government and other sectors to share key priorities and opportunities for the energy transition and digital transformation. These insights will serve as the foundation for C4IR Malaysia’s core initiatives, informing its strategic planning and programme development.

    Fabian Bigar, CEO of MyDIGITAL and Head of Centre for the Fourth Industrial Revolution Malaysia said, “MyDIGITAL team is proud to be entrusted with the responsibility of making Centre for 4IR Malaysia a success in achieving its goals. The establishment of the Centre for 4IR Malaysia aligns with and further fortifies our initiatives to catalyse homegrown technology development by enhancing collaborative opportunities among stakeholders to unlock value in 4IR technologies, with a focus on supporting the country’s energy transition and digital transformation.”

    From adoption to transformation to regional leadership, C4IR Malaysia is a critical establishment that will help drive the country’s transition to an advanced digital economy. By joining the global ecosystem of technology governance innovators and leaders, C4IR Malaysia is poised to contribute significantly to Malaysia’s economic and social development in the years to come.

    The World Economic Forum’s global C4IR Network is a platform for multistakeholder collaboration, bringing together the public and private sectors to maximize technological benefits to society while minimizing the risks associated with 4IR technologies.

    Source: (WEF)

  • New Funding Mechanism Initiated for Indigenous and Local Community Women in Central Africa to Achieve 30×30 Goals

    New Funding Mechanism Initiated for Indigenous and Local Community Women in Central Africa to Achieve 30×30 Goals

    BRAZZAVILLE, Congo (Republic of the), May 15, 2023/ — More than 200 participants from 20 countries gathered in Brazzaville, Republic of Congo (RoC) last week for the First Forum of Indigenous and Local Community Women in Central Africa and the Congo Basin.

    The forum was organized by the Network of Indigenous Peoples and Local Communities for the Sustainable Management of Central African Forest Ecosystems (REPALEAC) with support from the Rights and Resources Initiative (RRI) and the Central African Forest Commission (COMIFAC) under the patronage of RoC’s Minister of Justice, Human Rights and the Promotion of Indigenous Peoples.

    Strengthening women-led conservation and climate resilience initiatives in Central Africa

    Rosalie Matondo, the Minister of Forest Economy of RoC, chaired the event and welcomed donors, ministers, representatives from non-governmental organizations, and Indigenous and local community women to share experiences and learn how to scale up direct funding for women-led initiatives in Central Africa.

    We hope this is just the beginning of a very long partnership,” said Rosalie Matondo at the opening ceremony.

    The Congo Basin’s ecosystem in Central Africa is the world’s second lung after the Amazon rainforest, home to extraordinary biodiversity of crucial importance to global climate goals.

    Aissatou Aissatou Oumarou, Mbororo leader from Chad, vice-coordinator of REPALEAC at the sub-regional level, and president of the forum, said, “We, as Indigenous Peoples, always live in harmony with nature: animals, plants, and people. Now, we are coming together as women and Guardians of Mother Earth to build our own road.” 

    Dr. Solange Bandiaky-Badji, Coordinator of RRI’s global coalition of Indigenous Peoples, Afro-descendant Peoples, and local communities said in her opening remarks, “We are here today because for too long, the incredible contributions of Indigenous and local community women for the protection and management of natural ecosystems in Central Africa and the Congo Basin have not received the attention they deserve. REPALEAC and RRI are committed to ensuring that this forum leads to concrete actions with an implementable roadmap.”

    Cécile Ndjebet, President of the African Women’s Network for Community Management (REFACOF) said, “We don’t need to prove Indigenous and community women’s role in restoring and protecting nature; the evidence is already there. What we need now is to ensure that these women have direct access to conservation funds.”

    New Indigenous-led support mechanism for women and girls

    The women of Central Africa and the Congo Basin worked together to build their own roadmap and Declaration that clearly expressed what they want and need to be able to continue protecting Earth’s most biodiverse landscapes.

    They also agreed to develop a new Indigenous-led funding mechanism to help donors channel this support directly to the region’s women and girls.

    They identified four priority areas through consensus decision-making:

    1. Strengthen the technical and institutional capacities of grassroots organizations, associations, and networks of Indigenous and local community women;
    2. Facilitate access to direct funding for organizations led by Indigenous and local community women;
    3. Support women and girls’ economic activities in the context of climate resilience and “do no harm” philosophy to protect the forests and landscapes of Central Africa and the Congo Basin; and
    4. Monitor and evaluate progress toward the implementation of the roadmap, and share lessons learned.

    Participants appointed Casey Box, Director of Global Strategy at the Christensen Fund, and Solange Bandiaky-Badji, Coordinator of the Rights and Resources Initiative, as mediators to mobilize funds and monitor the progress of donor commitments to support REPALEAC’s implementation of the forum’s roadmap in Central Africa.

    “Communities can expect that donors will hear their voices, take the outcomes of their roadmap and declaration, and send them worldwide,” said Casey Box. “We are committed to being open liaisons to support their mission and help bring more attention to their issues and needs.”

    This Indigenous-led mechanism, which will be overseen by REPALEAC in alignment with its 2018–2025 strategic plan, will empower Indigenous and local community women in Central Africa to make their own decisions about where and to whom funds go.

    “There is incredible capacity in the room today. It is time donors also build capacity and start putting people, especially women and girls, first,” said Casey Box during the closing ceremony.

    International solidarity and knowledge exchange strengthens movement

    In the spirit of global solidarity and knowledge exchange, members of the Women in Global South Alliance for Tenure and Climate (WiGSA) (https://apo-opa.info/42TmaI7), a new advocacy network of Indigenous, Afro-descendant, and local community women launched at CoP27 last year, and the Global Alliance of Territorial Communities (GATC) (https://GlobalAlliance.me/) were invited to share lived experiences and lessons learned from around the world.

    “We are here to learn from each other, for each other, and for our Mother Earth. We are not divided, but united,” said Jenifer Lasimbang, an Indigenous delegate from Malaysia who previously served as State Assistant Minister of Education and Innovation.

    Sara Omi, Embera leader from Panama, President of the Mesoamerican Territorial Women Leader Coordination, and member of GATC said, “This forum has been essential to connect with Indigenous and local women across the world, to understand their needs, and to learn about their processes of resistance and struggle.”

    On the last day of the forum, dialogue between international donors and participants led to several commitments to help further just and equitable development for women and girls in the region.

    The second Forum of Indigenous and Local Community Women of Central Africa and the Congo Basin will be held in 2024 to take stock of funds committed and progress made on implementing the roadmap to continue strengthening women’s engagement in biodiversity conservation and climate resilience.

    Distributed by APO Group on behalf of Rights and Resources Initiative (RRI).
    Media contact:
    Nicole Harris
    nharris@rightsandresources.org
    WhatsApp: +1 514-266-9020
    About Network of Indigenous and Local Peoples for the Sustainable Management of Forest Ecosystems in Central Africa (REPALEAC):
    The Network of Indigenous and Local Peoples for the Sustainable Management of Forest Ecosystems in Central Africa (REPALEAC) is a sub-regional civil society organization and a specialized network of the Central African Dense and Humid Ecosystems Conference (CEFDHAC), a platform of civil society organizations working for the good governance and sustainable management of the forests of Central Africa with the Central African Forest Commission Forests of Central Africa (COMIFAC).
    Since its creation in 2003 in Kigali, Rwanda, REPALEAC and its active national networks in Burundi, Cameroon, Gabon, Equatorial Guinea, the Central African Republic, Republic of Congo, the Democratic Republic of Congo, the Republic of Chad, and Rwanda are actions to defend the rights of Indigenous Peoples and local communities as well as the sustainability of the ecosystems to which they are intimately linked and on which their survival depends. For more information, please visit https:// REPALEAC.org/

    About Rights and Resources Initiative (RRI):
    The Rights and Resources Initiative (RRI) is a global Coalition of 21 Partners and more than 150 rightsholders organizations and their allies dedicated to advancing the forestland and resource rights of Indigenous Peoples, Afro-descendant Peoples, local communities, and the women within these groups.

    RRI’s members capitalize on each other’s strengths, expertise, and geographic reach to achieve solutions more effectively and efficiently. It leverages the power of its global coalition to amplify the voices of local peoples and proactively engage governments, multilateral institutions, and private sector actors to adopt institutional and market reforms that support the realization of their rights and self-determined development.

    RRI is coordinated by the Rights and Resources Group, a non-profit organization based in Washington, D.C. For more information, please visit www.RightsAndResources.org.

    SOURCE
    Rights and Resources Initiative (RRI)

  • How Financial Technology is Shaping Trading and Asset Management ? – GITEX AFRICA 2023

    How Financial Technology is Shaping Trading and Asset Management ? – GITEX AFRICA 2023

    Fintech has revolutionized the way financial institutions manage financial assets, helping them tackle major challenges that arise on a daily basis
    LONDON, United Kingdom, May 15, 2023/ — Under the High Patronage of His Majesty King Mohammed VI, GITEX AFRICA 2023 (https://GITEXAfrica.com/), from May 31 to June 2, 2023 in Marrakech, the largest Tech & Startup event on the African continent, amplifies Africa’s digital aspirations and achievements.
    Capital Quant Agency (https://www.CapitalQAgency.com/), as an innovative Fintech startup, is thrilled to be part of this collaborative global event that showcases an untapped market of limitless opportunities, provides global reach for local African technology and enhances skills to inspire the world to create and to innovate.

    As the world becomes increasingly interconnected, capital and financial markets have become more complex and volatile than ever before, the case of the city of London. The rise of digital technologies and globalization has brought unprecedented opportunities and challenges for investors and financial institutions alike. Technology has enormous potential in Finance, and more specifically in capital and financial markets.

    When it comes to market finance and financial asset management, there has been a huge rise in the use of technology over recent years. This is due to some major challenges faced by financial institutions, trading rooms – asset managers and institutional investors on a daily basis.
    The expression “Fintech” combines the terms “Finance” and “Technology”: it refers to an innovative start-up that use technology to rethink and solve some specific financial services challenges.

    The rise of Financial Technology (Fintech) has transformed the landscape of market finance, and it’s essential for trading rooms and institutional investors to stay informed on this trend. Fintech has revolutionized the way financial institutions manage financial assets, helping them tackle major challenges that arise on a daily basis.

    Through the use of advanced data analysis, Artificial Intelligence (AI), and Machine Learning (ML) algorithms. Some fintech startups like Capital Quant Agency are developing an innovative decision-making software as a service (SaaS) that can help financial institutions optimize their portfolios, assess investment opportunities, and migrate financial risks.

    This is where Capital Quant Agency comes in. As a leading fintech startup, based at Casablanca (Morocco), it can help its clients make more informed decisions, increase efficiency as well as revenue through maximizing transparency, automation, and connectivity. Quantitative analytics require robust, interactive and easy-to-use interface. By leveraging advanced analytics and quantitative resources capable of producing better results for both institutional investors, investment – asset managers, financial institutions and hedge funds.

    The software will help them assess the best investment opportunities, optimize their portfolios and migrate financial risk. Moreover, it is committed to using ethical and responsible practices in all its operations.
    By adhering to high standards of data privacy, cybersecurity, and ethical conduct, Capital Quant Agency helps its clients build trust and confidence in their decision-making process. This is particularly important in an age where unethical practices are becoming increasingly common in the financial industry.

    Fintech is revolutionizing market finance, and it’s crucial for trading rooms and institutional investors to stay informed. Understanding the power of fintech can help financial institutions optimize their operations, streamline their processes, and maximize profitability. However, navigating this new digital landscape requires careful attention to the latest trends and developments in fintech. By staying informed, financial institutions can unlock the full potential of fintech and stay ahead of the game in the ever-changing world of market finance.

    Distributed by APO Group on behalf of Capital Quant Agency.

    SOURCE
    Capital Quant Agency

  • Benin, Côte d’Ivoire to premier African Development Bank’s African Green Bank facilities

    The African Green Bank initiative was conceived as part of measures to facilitate access to global finance from the current 3% to 10% annually by 2030
    ABIDJAN, Ivory Coast, May 15, 2023/ — The African Development Bank (www.AfDB.org) is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI).

    As Africa’s premier development finance institution, the African Development Bank does not only provide fiscal resources to its regional member countries; it also galvanizes global support in promoting resilient, green, and sustainable growth.

    It launched the African Green Bank Initiative in November last year to support the implementation of African countries’ Nationally Determined Contributions (NDCs).

    African countries still face significant challenges in financing their climate transition. While investment needs resulting from NDCs are estimated at $2.8 trillion by 2030, funds invested on the continent still represent a limited share of global green finance flows, and the share covered by the private sector remains limited.

    The African Green Bank initiative was conceived as part of measures to facilitate access to global finance from the current 3% to 10% annually by 2030.

    The Initiative followed an assessment by the African Development Bank and the Climate Investment Funds in six African countries; Benin, Ghana, Mozambique, Tunisia, Uganda, and Zambia.

    The assessment revealed that green banks have significant potential for attracting new sources of catalytic funds when supporting low-carbon, climate-resilient development through blending capital and mobilizing local private investment for green investments in Africa.

    Bank vice president for Energy, Power, Climate and Green Growth, Kevin Kariuki, noted: “The African Green Bank Initiative is a powerful tool for reducing financing costs and mobilizing private sector investments in climate action in Africa.”

    The Initiative would bolster the capacity of local financial institutions to build a robust pipeline of bankable green projects while de-risking investments and entrenching long-term investor confidence toward climate-resilient and low-carbon projects in Africa.

    According to African Development Bank Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor, “this technical assistance will enhance local financial institutions’ climate governance, green projects’ origination and monitoring which is therefore key to attract private capital by entrenching long-term investor confidence.”

    Audrey-Cynthia Yamadjako, the Initiative’s coordinator, said some $1.6 million had already been secured to create the first two facilities. She said green finance facilities, newly created or hosted in existing financial institutions, are “the solution to bring private finance at scale in climate action.”

    Climate Investment Funds, a major global climate finance mechanism, Canada Climate Action Africa, the Green Bank Network, and the European asset management firm, Amundi support the initiative.

    Amundi backs the Initiative through technical assistance activities, including training green facilities’ management and investment teams. Amundi will also mobilize its investment vehicles dedicated to sustainable development in emerging markets and developing economies to support green facilities’ capitalization and thus participate in developing green investments across the continent.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    SOURCE
    African Development Bank Group (AfDB)