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Category: ECONOMY

  • Invest in Niger Spotlight at African Energy Week (AEW) 2023 to Connect E&P Players with Industry Leaders

    Invest in Niger Spotlight at African Energy Week (AEW) 2023 to Connect E&P Players with Industry Leaders

    The 2023 edition of African Energy Week will host an Invest in Niger Energies country spotlight, promoting opportunities, facilitating investment and kickstarting a new wave of project developments in the country
    JOHANNESBURG, South Africa, July 7, 2023/ — The Government of Niger is making great strides towards opening the domestic market for foreign investment, working closely with a suite of energy players and investors to drive long-term and sustainable developments.

    As the market grows, the regulatory environment has been made that much more attractive, and the Government is inviting investors to join the burgeoning sector.During this year’s edition of the African Energy Week (AEW) conference and exhibition – scheduled for October 16-20 in Cape Town – a dedicated Invest in Niger Energies country spotlight session will provide potential investors with crucial insight into the developing market. Comprising a roundtable discussion, technical presentations, networking event and deal rooms, the summit serves as a networking and engagement hub for the country’s energy sector and is set to unlock a wave of opportunities and outcomes.At the center of the country spotlight is collaboration.

    While Niger currently produces an average 20,000 barrels of crude oil per day, efforts to ramp up exploration and the development of regional pipelines are set to increase these levels substantially. The country holds approximately 3.7 billion barrels of proven oil reserves and over 24 billion cubic meters of recoverable gas reserves, thus creating an exciting investment prospect. High oil exploration success, attractive fiscal terms and relatively low operational costs associated with the market promise high returns for players.

    As such, the AEW 2023 country spotlight will provide crucial updates into upstream prospects, avenues for investments and both regional and global trends. Notwithstanding an upstream push, Niger is making progress towards connecting domestic basins to regional consumers through the construction of cross-border pipeline networks. With much of Niger’s crude exported to regional markets including Nigeria, Mali and Burkina Faso, the country is eager to increase exports and facilitate intra-African trade.

    Projects underway include the 2,000 km Niger-Benin Pipeline, connecting Diffa in Niger to Bight of Benin. The project is currently 75% complete and on-track to transport crude this year. Additionally, the multi-billion Trans-Saharan Gas Pipeline is making progress with a taskforce and roadmap established for its development by the respective ministries of Niger, Algeria and Nigeria.

    The 4,128 km pipeline will run from Warri in Nigeria to Hassi R’Mel gas field in Algeria via Nigeria, creating a direct connection between Nigeria and Algeria’s gas fields while bringing significant benefits for Niger.Meanwhile, opportunities for investment transcend hydrocarbons with Niger making progress to expand its renewable energy sector. Investors have already expressed their interest in investing in the promising market, with Niger offering abundant solar and wind resources.

    Savannah Energy Niger Solar inked a deal with the Government this year for the development of two solar power plants with a combined capacity of 200 MW, following a 2022 deal between the company and country for the construction of a 250 MW wind project.

    These projects barely scratch the surface of Niger’s clean energy potential, and the AEW 2023 country spotlight will connect new players to Nigerien opportunities.“The opportunities for investment in Niger cannot be overstated. As a relatively untapped market, the country is inviting regional and global players to participate and help grow the entire energy value chain from oil and gas exploration to processing and refining to distribution and retail.

    The AEW 2023 country spotlight is a unique opportunity for potential investors and project developers to meet with Nigerien leaders, discuss opportunities for collaboration and sign deals,” stated NJ Ayuk, Executive Chairman of the AEC, adding that, “AEW 2023 takes place under a mandate to make energy poverty history by 2030. Investing in Niger’s energy sector will not only enable the continent to achieve this goal but promises high returns on investment for participating players.

    ”The Invest in Niger Energies represents just one of many country spotlights set to take place during this year’s edition of AEW. Representing the premier event for the African energy sector, AEW 2023 is committed to making energy poverty history by 2030 by providing a platform where stakeholders can meet, network and sign deals. Taking place in Cape Town from October 16-20, AEW 2023 serves as the biggest gathering of energy stakeholders on the continent.

    For more information, visit. www.AECWeek.com

    Distributed by APO Group on behalf of African Energy Chamber.SOURCE
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  • Investing in Africa Conference & Expo 2023 Gets Set

    Investing in Africa Conference & Expo 2023 Gets Set

    Now in its 10th year, AFSIC – Investing in Africa is set to host another world-class gathering of Africa-focused businesses, dealmakers and investors to discover and execute investment deals, network and share insights in London on 9-10th October 2023.

    IFC, Accion, Verdant Capital, RMB, Old Mutual, Citibank and more than 120 speakers are confirmed to present exceptional content in a highly structured, multi-stream programme which includes focused sessions on Banking, Informed Investing, Building, Fintech Innovation, Sustainable Growth, Agriculture and Power.

    The highly popular country investment summits led by in-country experts facilitate deep dives into specific African countries to explore and debate local issues and investment opportunities with interactive Q & A sessions.

    Underpinned by the Award-Winning AFSIC African Investments Dashboard, the expanded Quickfire sessions and investor networking sessions will showcase a wide range of African start-ups, growth companies and Africa-focused funds that are seeking capital, for a variety of different projects from zero emissions logistics solutions to secure payments systems to SME-target funds. Quickfire presenters benefit from a range of promotional opportunities across the group’s investor network in the lead up to AFSIC.

    British International Investment, Executives in Africa and FSD Africa head up an impressive group of loyal sponsors and partners with 27Four, Ebury, Mitco and Bank One welcomed as new sponsors for 2023. These sponsors exemplify African expertise in investment, financial services and human resources and will share key insights into the African investment ecosystem.

    The beating heart of physical events is physical networking which at AFSIC is driven by highly interactive sessions, panel debates, B2B meetings via the Event App and social functions.

    Don’t miss out on networking at the leading gathering of Africa-focused investors. Listen, learn and debate at presentations, country summits, quickfire pitch sessions, networking sessions, informal chats and social events – all making AFSIC 2023 an unmissable opportunity.

    AFSIC 2023 www.afsic.net

  • State Visit Maldives – President Ramkalawan holds talks and conducts visits as part of Maldives State visit

    State Visit Maldives – President Ramkalawan holds talks and conducts visits as part of Maldives State visit

    14 June 2023 | Foreign Affairs

    Male, Maldives 14 June: President Ramkalawan, as part of his State visit in Maldives, held various discussions with various senior government officials and visited tourism establishments as part of his tour of the island nation.

    Amongst some of the high-level officials President Ramkalawan met with were the Vice-President of the Republic of Maldives, His Excellency Hon. Faisal Naseem, the Speaker of the Parliament of the Maldives, His Excellency Hon. Mohamed Nasheed and the Maldivian Minister for Foreign Affairs, His Excellency Hon. Abdulla Shahid.

    Whilst visiting tourism establishments, the President took the opportunity to visit and interact with the two young Seychellois currently undergoing work-based training at Waldorf Astoria, Maldives; Mr. Samuel Marie and Ms. Naomi Payet. Mr Marie and Ms Payet are on the ‘Fitir’ program by Hilton Labriz Silhouette and were the two top participants from their cohorts nominated for the internship. The President and the First Lady also met with Ms Serena Mangroo a Seychelloise currently working in the Maldives for the past five years.

    The President also visited the Trans Maldivian Airways seaplane operation which is the world’s largest seaplane fleet. This was an opportunity for him to view their full operation and experience first-hand how the seaplane inter-island transfers are done in the Maldives and discuss possibilities of exchange. 

    Accompanied by the Minister for Foreign Affairs and Tourism, Mr Sylvestre Radegonde,  President Ramkalawan also toured various island resorts and held discussion on sustainable tourism practices being implemented by the Maldives. 

    Source:(State House News)

  • State Visit of His Excellency Wavel Ramkalawan, President of the Republic of Seychelles, to the Republic Maldives, 11-14 June 2023 Joint Communiqué

    State Visit of His Excellency Wavel Ramkalawan, President of the Republic of Seychelles, to the Republic Maldives, 11-14 June 2023 Joint Communiqué

    12 June 2023 | Foreign Affairs

    1. On the invitation of His Excellency Ibrahim Mohamed Solih, President of the Republic of Maldives, His Excellency Wavel Ramkalawan, President of the Republic of Seychelles, undertook a State Visit to the Maldives from 11-14 June 2023.

    President Ramkalawan was accompanied by Her Excellency Linda Ramkalawan, First Lady of the Republic of Seychelles and a high-level delegation, including His Excellency Sylvestre Radegonde, Minister for Foreign Affairs and Tourism.

    2. President Ramkalawan was accorded a ceremonial welcome in Malé, on 12 June 2023.

    3. This is the first State Visit of a Head of State of Seychelles to the Maldives. The visit is a true reflection of the shared commitment of the two countries to take their relationship to new heights, as neighbours in the Indian Ocean, sharing similar historical, socio-economic, and cultural values and bonds.

    4. President Ibrahim Mohamed Solih and President Wavel Ramkalawan held Official Talks on 12 June 2023, in a warm, cordial, and friendly atmosphere, with both sides expressing their desire to work together towards elevating their bilateral relations to a strategic partnership.

    5. President Solih recalled his successful State Visit to the Republic of Seychelles in August 2019 and thanked President Ramkalawan and the Government of Seychelles for the warm hospitality accorded to him, First Lady Fazna Ahmed, and the accompanying delegation.

    6. His Excellency Faisal Naseem, Vice President of the Republic of Maldives, His Excellency Mohamed Nasheed, Speaker of the People’s Majlis and Former President and His Excellency Abdulla Shahid, Minister of Foreign Affairs, paid courtesy calls on His Excellency President Ramkalawan. His Excellency President Solih hosted a State Banquet in honour of His Excellency President Ramkalawan and his delegation.

    7. During the official talks, the two leaders highlighted the importance of people-to-people contacts, and the need to promote cultural exchanges and economic linkages between the two countries.

    8. In recognizing the essential role of youth in enhancing bilateral cooperation, both leaders acknowledged the need for increasing exchange of training opportunities and the fostering of camaraderie among the two peoples.

    9. As internationally acclaimed tourist destinations, both leaders agreed to broaden collaborative efforts in the field of tourism, with a view to exchanging experiences, both at the working level, as well as at the expert level, and nurturing the development of human resources by encompassing vocational training and facilitating job enrichments within the tourism sectors of the two countries.

    10. As fellow Small Island Developing States (SIDS) and active members of the Alliance of Small Island States (AOSIS), both nations reaffirmed that climate change continues to pose a significant risk to SIDS and its adverse impacts undermine the ability of all countries to achieve sustainable development. Both leaders further expressed their commitment to enhance collaboration to effectively address the detrimental effects of climate change through global mechanisms, including working together to ensure that the hard-won Loss and Damage Fund is operationalized at COP28.

    11. Recognizing the important role of the Indian Ocean for their sustainable development, both leaders agreed to collaborate closely in the areas of blue economy and marine conservation and to jointly promote blue economy initiatives at the international fora.

    12. Both leaders also reaffirmed their firm commitment to the security of the Indian Ocean Region and agreed to work closely together to enhance cooperation in the field of maritime security, counterterrorism, Illegal, Unreported and Unregulated (IUU) fishing, counter-piracy, and combatting drug trafficking, both bilaterally as well as multilaterally, especially within the context of the Indian Ocean Rim Association (IORA).

    13. Both leaders have reiterated the importance for the two countries and other Small Island Developing States (SIDS) to continue to advocate for the creation of a Multidimensional Vulnerability Index (MVI). This will underscore the need for SIDS to be assessed on the basis of their vulnerabilities instead of solely their GDP per capita.

    14. The two leaders agreed to enhance multilateral cooperation, including collaborating closely at the United Nations on issues of mutual interest such as addressing climate change, protection and promotion of human rights, the implementation of the 2030 Agenda for Sustainable Development. The two leaders also agreed to collaborate closely through other multilateral avenues such as IORA and the Organisation of African, Caribbean and Pacific States (OACPS). President Ramkalawan congratulated the Maldives on its membership to the OACPS as well as its Presidency of the 76th Session of the United Nations General Assembly for the period September 2021 to September 2022.

    15. Both leaders also expressed appreciation for the excellent cooperation between the two countries in various multilateral forums, including support for international initiatives and candidatures. President Solih thanked President Ramkalawan for the Government of Seychelles’ support for Maldives’ candidatures to the United Nations Security Council, for the term 2033-2034 and to the Economic and Social Council, for the term 2027-2029.

    16. Following the Official Talks, building on the several agreements that were concluded between the Maldives and Seychelles in 2019, during President Solih’s State Visit to Seychelles, the two leaders witnessed the exchange of the following bilateral instruments between the two countries:

    a. Agreement between the Government of the Republic of Maldives and the Government of the Republic of Seychelles on Short Stay Visa Waiver.

    b. Agreement between the Government of the Republic of Maldives and the Government of the Republic of Seychelles Concerning Air Services.

    c. Memorandum of Understanding for Youth Development Cooperation between the Ministry of Youth, Sports and Community Empowerment of the Government of the Republic of Maldives and the Ministry of Youth, Sports and Family of the Government of the Republic of Seychelles.

    d. Protocol between the Government of the Republic of Maldives and the Government of the Republic of Seychelles on the Cooperation to Combat Transnational Organised Crime and other Maritime Security and Safety Threats.

    17. His Excellency President Ramkalawan conveyed his gratitude to His Excellency President Solih and the people of Maldives for the warm welcome and gracious hospitality extended to him and the members of his delegation during their stay in the Maldives.

    SOURCE:(STATE HOUSE NEWS)

  • 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.

  • 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)

     

  •   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)
  • Appointment of the Principal Secretary for The Blue Economy

    Appointment of the Principal Secretary for The Blue Economy

    15 May 2023 | Blue Economy

    The Office of the President has today announced the appointment of Mrs Phillianne Ernesta as the new Principal Secretary for The Blue Economy, effective from the 1st May, 2023. This follows the recent appointment of Mr Kenneth Racombo as Ambassador.

    Mrs Ernesta holds a Bachelor Degree of Arts in anthropology from the Nelson Mandela Metropolitan University and a Diploma in General Management of the Guy Morel Institute.

    Mrs Ernesta has 18 years of working experience in the public service.

    Mrs Ernesta joined The Blue Economy Department in October 2016 as the Director for Maritime Boundary Delimitation. In February 2019, she took charge of the Blue Economy’s Policy and Programme Management Division as Acting Director General and in January 2020 she was confirmed in the post of Director General of the same Division, a position she has held until her new appointment as Principal Secretary.

    Source: (State House News Alert)