Doha, 26 January 2023
OIC Assistant Secretary-General for Humanitarian, Social and Cultural Affairs, Ambassador Tarig Ali Bakhiet, today 26 January 2023, met H.E. Mr Khalifa Bin Jasim Al-Kawari, Director-General of Qatar Fund for Development at the Fund’s headquarters in Doha.
Ambassador Bakhiet applauded the humanitarian support the State of Qatar gives to many OIC Member States through the Fund.
The meeting discussed ways towards potential cooperation between the OIC and the Fund to support member states affected by humanitarian disasters.
Category: Finance
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OIC Assistant Secretary-General for Humanitarian Affairs Meets Qatar Fund for Development’s Director-General
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UAE: Crypto Oasis lists over 1,650 blockchain firms by Q4 2022
More than 8,300 individuals currently work in organisations in the crypto, blockchain, metaverse and Web3 ecosystem of the UAE
Crypto Oasis has now surpassed their goal of identifying 1,500 organisations in the ecosystem by the end of 2022. As of December 31, there were over 1,650 organisations, and the ecosystem has experienced a 13.8 per cent growth.
Crypto Oasis has added more than 200 new organisations in Q4 2022. These firms have brought in over 1,300 skilled professionals to the ecosystem, bringing the total number of individuals working in this industry to over 8,300. This 19 per cent growth in employment numbers can be attributed to the UAE being a force to reckon with in the global blockchain landscape.
A total of 78.2 per cent (approx. 6,500) of these individuals work in native blockchain organisations, i.e. those focused on blockchain and related decentralised technologies. Meanwhile, 21.8 per cent (approx. 1,800) work for non-native companies, i.e. those that offer blockchain-related services or products but do not have blockchain as their primary focus.
Ralf Glabischnig, Founder of Crypto Oasis, stated: “We’re thrilled to have identified these new organisations in our ecosystem that are contributing to a diverse community of stakeholders. The possibilities for Web3 technology are vast, from finance and supply chain management to gaming and social media.”
“However, as it’s a relatively new and emerging technology, its full potential hasn’t been reached yet and the industry is facing challenges such as scalability, security, and user adoption. It’s an exciting and rapidly evolving field to watch and we’re eager to collaborate and learn from each other as we work to improve Web3 and decentralised technologies.”
Crypto Oasis supports blockchain and Web3 organisations to access resources and expertise that can help them navigate the complex and rapidly evolving landscape. In addition, joining the ecosystem allows them to network with potential partners and customers and showcase their work to a wider audience.
“The UAE is the perfect amalgamation of Talent and Capital built on a world-class infrastructure,” said Saqr Ereiqat, co-founder of Crypto Oasis.
“The Ministry of Economy (MoE) has become one of the first government entities in the world to be active in the metaverse. In 2022 the MoE published its Digital Economy Strategy, which aims to double the contribution of the digital economy from 9.7 per cent to 19.4 per cent in the next decade.
The inception of regulators like VARA and various industry events like the Abu Dhabi Finance Week and Dubai Fintech Week, as well as the launch of the Dubai Economic Agenda ‘D33’, demonstrate UAE’s commitment in taking an active step to becoming the centre of digital economy globally.“
Crypto Oasis Ecosystem Report 2022
Meanwhile, in the inaugural version of the Crypto Oasis Ecosystem Report 2022, published in partnership with Roland Berger in October’22, the ecosystem identified over 1,450 Web3 organisations in the UAE at the end of Q3 2022.This report aimed to establish the first quantitative and qualitative study of the Crypto Oasis ecosystem.
Credit: (Gulf Business)
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African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa
The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects ABIDJAN, Ivory Coast, December 13, 2022/ — African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the African Union Development Agency, the African Sovereign Investors Forum, the European Investment Bank, the European Bank for Reconstruction and Development, the French Development Agency, the Rockefeller Foundation, the US Trade and Development Agency, the Global Center on Adaptation and the Private Infrastructure Development Group.
The Alliance will accelerate Africa’s transition to Net Zero by mobilizing, at scale and speed, investments needed to bridge the infrastructure gap for the continent’s low-carbon and climate-resilient development.
The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects. This is projected to generate up to $10 billion in investment opportunities from a combination of co-investments, co-financing, risk mitigation and blended finance.
Mr. Hott brings a wealth of experience in resource mobilization, public-private-partnerships, sustainable energy and infrastructure finance, and investment banking. He has strong relationships with African policymakers, development partners, strategic and institutional investors to mobilize significant capital for green infrastructure project development and financing in Africa.
Mr. Hott was until last September, Senegal’s minister for Economy, Planning and Cooperation. During his tenure, the country implemented landmark economic reforms, including the Economic and Social Resilience Plan and the reform of public-private partnerships.
Before joining government, Mr. Hott was African Development Bank Group’s Vice President for Power, Energy, Green Growth and Climate Change. During his tenure, the Bank Group significantly increased investments in renewable energy. In 2017, he helped the Bank Group allocate 100% of its power generation investments in renewable energies. Prior to joining the Bank Group, Mr. Hott served in structured finance, sovereign wealth fund management, and the development of integrated energy solutions in various major markets including New York, London, Dubai, and Lagos.
Amadou Hott holds an Associate degree in Applied Mathematics from Louis Pasteur University in Strasbourg, France, a bachelor’s degree in Economics, and a master’s degree in Financial Markets and Banking Management from Sorbonne University, Paris. In 2012, the World Economic Forum nominated him as a Young Global Leader.
Commenting on his appointment, Mr. Hott said: “I am honored to champion this great initiative under President Adesina’s visionary and impactful leadership. The Alliance will support Africa’s transition to Net Zero emissions. We need to frontload investments in infrastructure for Africa to meet the Sustainable Development Goals by 2030 and to develop the continent. I look forward to working with all regional and global stakeholders and partners to succeed in this new challenge.”
Dr. Adesina said: “I am delighted to have former Minister Amadou Hott as my Special Envoy to globally champion the Alliance and help mobilize significant resources and stakeholders for more green investments in Africa. He has a strong track record of mobilizing resources and multi-stakeholder engagement for key initiatives, particularly in green infrastructure.”
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Contact:
Chawki Chahed
Communication and External Relations Department
media@afdb.org