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Category: Sustainability

  • Driving socio-economic transformation through technology: The young startup changing the face of Uganda’s automotive industry

    Driving socio-economic transformation through technology: The young startup changing the face of Uganda’s automotive industry

    KAMPALA, Uganda, May 14, 2024/ — In recent years, Uganda has witnessed a wave of technological innovation. In a country where access to traditional infrastructure and services can be limited, technology is emerging as a powerful catalyst for change, offering solutions to longstanding socio-economic issues.

    GITEX AFRICA, the continent’s largest tech and start-up event, taking place in Marrakech, Morocco from 29 – 31 May, will host a successful Ugandan startup that is proving that technology, along with a visionary mindset, is the perfect formula to meet the challenges facing the country’s automotive industry.

    AutoFore (https://apo-opa.co/3K5OhME) is a leading automotive aftersales support platform, aimed at supporting the development of sustainable, environmentally friendly automotive businesses, while providing decent employment opportunities.

    With a stated aim of transforming mobility in Africa through technology and skilled labour, AutoFore’s innovative solutions are reshaping the industry.

    One of the company’s flagship initiatives, Auto4, an online platform connecting car owners with automotive vendors, exemplifies the transformative potential of technology in addressing local challenges.

    Inspired by a lack of reliable spare parts, service centres, and technical support for used imported vehicles in Uganda, Auto4 streamlines the process of sourcing quality replacement parts and accessing dependable auto repair centres, thus ensuring efficient and safe vehicle maintenance.

    “Launching AutoFore in Uganda was informed by several factors. Firstly, Uganda’s automotive market presented a significant opportunity for innovation and improvement, particularly given the high percentage of used imported vehicles and the challenges associated with maintaining them.

    Secondly, as a local startup, we were passionate about making a positive impact in our community and contributing to the development of sustainable automotive businesses that provide meaningful employment opportunities,” said AutoFore CEO and Founder, Agatha Nambuya.

    As AutoFore gears up to participate for the first time as an exhibitor at GITEX AFRICA, their expectations are high.

    “In addition to showcasing our flagship product, Auto4, we’re looking forward to connecting with stakeholders within the African tech ecosystem, and exploring opportunities for growth, expansion, and collaboration.

    We’re excited about the potential of the event to accelerate our business and contribute to the advancement of the African automotive industry,” added Nambuya.

    Looking ahead, Uganda’s startup scene offers opportunities across various sectors, with immense potential to build on its 2022 total funding of almost US$25.76 million (https://apo-opa.co/3wC0PIF).

    Trends such as technology adoption, fintech innovation, e-commerce expansion, renewable energy, and healthcare advancement present fertile ground for entrepreneurs to make a meaningful impact.

    In addition, not only is AutoFore offering technology-driven solutions and fostering sustainability; it is also creating employment opportunities within the automotive sector.

    “We’re proud of the fact that our platform creates opportunities for employment and entrepreneurship within the industry,” said Nambuya. “We are currently working with 200 vendors and over 1,000 mechanics.

    By connecting car owners with local service centres and vendors, we support the growth of small businesses and create jobs for mechanics, technicians, and other automotive professionals. This not only contributes to economic development but also fosters skills development and capacity building within the local community.”

    However, navigating funding and investment opportunities remains a daunting challenge for startups in Uganda. Limited access to capital and a lack of investor awareness about the potential of startups hinder the growth and scalability of innovative ventures.

    AutoFore’s journey underscores the importance of networking, pitching, and relationship building in securing funding and overcoming these obstacles.

    Having a presence at GITEX AFRICA, the continent’s largest showcase of startups, with exposure to the most influential players and investors in the global startup ecosystem, is invaluable.

    Bolstering Uganda’s presence at GITEX AFRICA 2024 even further, and demonstrating the esteem in which the country’s technological progress is held, is the country’s Honourable Minister of Science, Technology and Innovation, Monica Musenero Masanza, who will be speaking at the GITEX AFRICA Digital Summit.

    Under the High Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco, GITEX AFRICA is held under the authority of the Moroccan Ministry of Digital Transition and Administration Reform, supported by the Ministry of Health & Social Protection, and hosted by the Digital Development Agency. The 2nd blockbuster edition, organised by KAOUN International, follows its pioneering debut in 2023.

    More information is available at www.GITEXAFRICA.com.

    Distributed by APO Group on behalf of GITEX Africa.

    Media Contact:
    Tayce Marchesi
    PR Executive
    Tel.: + 971 58 552 3994
    Tayce.Marchesi@dwtc.com

     

  • UN Tourism Empowers Women Entrepreneurs and Charts Future of Tourism Investments at AIM Congress 2024

    UN Tourism Empowers Women Entrepreneurs and Charts Future of Tourism Investments at AIM Congress 2024

    Dubai, UAE, 9th May 2024: UN Tourism made a resounding impact at the AIM Congress 2024 with two insightful side events, focusing on empowering women entrepreneurs and navigating tourism investments in the Middle East.

    The 2024 AIM Congress took place at ADNEC in Abu Dhabi from May 7-9, 2024, acting as a convergence point for global leaders, international organizations, entrepreneurs from around the world.

    On May 8th, UN Tourism hosted a dynamic session centered on “Investing in Innovation and Enabling Women Entrepreneurs.” The event, spearheaded by Ms. Basmah Al-Mayman, Regional Director of the Middle East, UN Tourism, aimed to address the pressing need for support and funding for women-led startups in the tourism sector across the region.

    The highlight of the session was the launch of the second edition of the Women in Tech Middle East startup competition, emphasizing sustainability and inclusive growth. The competition garnered significant interest, showcasing the region’s burgeoning entrepreneurial spirit among women.

    Distinguished speakers, including Mr. Dawood Al Shezawi, President of AIM Global Foundation, and Ms. Natalia Bayona, Executive Director of UN Tourism, provided invaluable insights into fostering innovation and empowering women in the tourism sector. Panel discussions led by industry experts explored key challenges and opportunities, with a focus on bridging the gender gap and promoting sustainable practices.

    Keynote speeches and panel sessions delved into the needs of women entrepreneurs, the role of public and private sectors in empowerment, and investment opportunities in sustainable tourism. The session also featured engaging pitching rounds, providing a platform for aspiring women entrepreneurs to showcase their innovative ideas.

    Building on this momentum, UN Tourism continued its impactful presence on May 9th with a compelling discussion on “Quo Vadis Tourism Investments: The Middle East Chapter.” Esteemed panelists, including industry leaders and experts, shed light on the evolving landscape of tourism investments in the region.

    Insights shared during the session underscored the Middle East’s growing prominence as a hub for tourism investments, with notable greenfield FDI projects totaling USD 6.8 billion. Speakers emphasized the region’s resilience and strategic vision in driving tourism growth, highlighting initiatives to promote sustainable investments and economic diversification.

    Mr. Peter Janech, Coordinator of Innovation, Education, and Investments at UN Tourism, reiterated the organization’s commitment to fostering sustainable tourism practices and facilitating collaborative efforts for economic development. Mr. Alejandro Sabarich Scattaglia shared statistics showcasing the region’s robust FDI inflows and UAE’s emergence as a key investment destination.

    Panelists provided valuable insights into exploring untapped destinations, promoting halal tourism, and leveraging technology to enhance visitor experiences. Discussions also centered on strategies to address challenges such as over-tourism and the importance of inclusive growth for local communities.

    Ms. Lubna Bader Salim Al Mazroei, Manager of Economic Diversification Investments at Oman Investment Authority, highlighted Oman’s ambitious plans to attract investments worth 20 billion Omani riyals by 2040, emphasizing sustainable employment opportunities and support for SMEs.

    As the AIM Congress 2024 draws to a close, UN Tourism reaffirms its commitment to driving inclusive and sustainable tourism growth in the Middle East and beyond. Through collaborative partnerships and innovative initiatives, UN Tourism continues to pave the way for a more resilient and equitable tourism sector.

    AIM Congress 2024 hosted more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating for three days from May 7-9 at ADNEC in Abu Dhabi. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

  • Russian Investment Forum Showcases Opportunities at 2024 AIM Congress

    Russian Investment Forum Showcases Opportunities at 2024 AIM Congress

    Abu Dhabi, 9th May, 2024: The Russian Investment Forum, held under the International Partners’ Track during the 2024 AIM Congress at the Abu Dhabi National Exhibition Centre (ADNEC), brought together key figures from Russia’s business landscape to highlight the nation’s unique opportunities for global investors.

    They also affirmed that Abu Dhabi’s exceptional location makes it an ideal site for establishing a global technology hub to meet the needs of various sectors.

    Under the esteemed session, notable speakers including Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation and chairman of BRICS Business Council, Russia Chapter, alongside representatives from diverse Russian regions, provided insights into Russia’s investment potential and showcased various projects ripe for investment.

    Mr. Katyrin, in his address, emphasized Russia’s robust economic standing, ranking first in Europe and fifth globally in terms of GDP. He underscored the nation’s commitment to fostering a conducive investment environment through federal and regional investment legislations, with a focus on attracting foreign investors.

    Highlighting the country’s trade turnover with BRICS countries, which reached a record $294 billion by the end of 2023, Mr. Katyrin showcased an investment map of Russia, revealing over 600,000 infrastructure facilities, 412 industrial parks and technoparks, and 159 preferential regimes and territories, providing a comprehensive overview and diverse opportunities for potential investors.

    “We are working on federal and regional investments legislations. We have four directions to attract investors and about 70 indicators measuring the direction,” said Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation and chairman of BRICS Business Council, Russia Chapter.

    Galina Dziuba, President of the Chamber of Commerce and Industry of the Sakhalin Region, highlighted the unique opportunities available in the Far East region, inviting investors to explore the abundance of natural resources and burgeoning industries, particularly in oil and gas.

    She extended an invitation to participate in the upcoming oil and gas forum in Sakhalin, emphasizing opportunities for collaboration and investment in the region’s energy sector.

    “Our region have a lot of natural resources and more than 70 deposits for coal mining,” said Galina Dziuba, President of the Chamber of Commerce and Industry of the Sakhalin Region.

    Eugene Borisoff, Deputy Director of the Internet Initiatives Development Fund, emphasized the growing need for innovation, citing the Global Innovation Index 2023. He proposed Abu Dhabi as an ideal location to establish a global technology hub, catering to various sectors including renewable and traditional energy, space technologies, digital systems, and transportation.

    “Abu Dhabi location is ideal to make it as a global technology hub for different sectors such as renewable and traditional energy, space technologies, digital system, transport, and autonomous transport,” Eugene Borisoff, Deputy Director of Internet Initiatives Development Fund.

    Dr. Elena Faizrakhmanova, Chairman of the Tatarstan Chamber of Commerce and Industry, showcased Tatarstan’s strategic location and diverse industries, positioning the region as a hub for investment opportunities in industry, trade, agriculture, and e-commerce. Highlighting the innovative city of Innopolis, Dr. Faizrakhmanova showcased Tatarstan’s commitment to fostering a business-friendly environment conducive to investment and growth.

    “We are in the center of the European part of Russia. Tatarstan has industry trade, agriculture, e-commerce and leading in investment climate for 10 years,” Dr. Elena Faizrakhmanova, Chairman of Tatarstan Chamber of Commerce and Industry.

    Andrei Shestakov, President of the Chamber of Commerce and Industry of the Tula Region, emphasized the region’s technological prowess and highlighted investment opportunities in innovative projects such as smart roads and thermoelectric modules. He extended offers for investors to engage in technology acquisition or partnership opportunities within the region.

    “In Tula, we have excellent human resources and a lot of scientists and engineers. There are many technological projects to invest such as innovative solutions for the smart road,” said Andrei Shestakov, President Chamber of Commerce and Industry of the Tula Region.

    Bogoslovskaya Marina, President of the Chamber of Commerce and Industry of the Republic Sakha (Yakutia), showcased the unique tourism experiences offered by the region, despite its cold climate. She highlighted opportunities in gastronomic tourism and pure water production, inviting investors to explore the untapped potential of the region’s tourism sector.

    “We offer a unique tourism experience. We have tourists coming for hunting and fishing practically in December. We offer gastronomic tourism and pure water production,” said Bogoslovskaya Marina, President of Chamber of Commerce and Industry of the Republic Sakha (Yakutia).

    The Russian Investment Forum served as a platform for dialogue and collaboration, providing attendees with valuable insights into Russia’s investment landscape and fostering partnerships for mutual growth and development.

    AIM Congress 2024 is hosting more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

  • AIM Startup and Unicorns Track: Insights and Innovation Take Center Stage at 2024 AIM Congress

    AIM Startup and Unicorns Track: Insights and Innovation Take Center Stage at 2024 AIM Congress

    Abu Dhabi, 9th May, 2024: The 2024 AIM Congress, held at ADNEC in Abu Dhabi from May 7 to May 9, showcased a dynamic exchange of visionary ideas and strategic insights during the AIM Startup and Unicorns Track sessions. These sessions, featuring esteemed moderators and panelists, unveiled groundbreaking perspectives and transformative opportunities across various industries.

     Middle East Unicorns Conclave: Unicorns and Mobility Industry

    Moderated by Mohamed Nagaty, the session illuminated the evolving landscape of unicorns and the mobility industry, with Mohamed Ezzat of Tech Logistics (Bosta), Salman bin Mohammed Al Suhaibaney of Morni, Maan Khalid Eshagi of Professional Wealth Management Venture Capital, and Faisal Hilal, CEO of Ahlan, sharing their expertise.

    “Becoming a champion in your own market is essential; smaller markets offer less competition and significant benefits. However, thorough financial analysis is imperative,” said Faisal Hilal, CEO of Ahlan.

     Korea Unicorn Investment Conclave: The Relationship Between Big Tech Cities and the Emergence of New Unicorns

    Under the moderation of Rachel Cho, the session explored the vibrant investment landscape in Korea, featuring insights from Dr. Kiho Park of LB Investment, Dr. Kim of Invest Korea, Kyungsoo Noh of Seadronix, and Jinkyung Kim of Big Value.

    “Founders are the most critical factor in the success of ventures. Strategic partnerships and a long-term vision are essential for sustainable growth,” said Kiho Park, CEO of LB Investment.

     China Unicorns: Electric Vehicles and Energy Transformation

    Moderated by Aly Ramji, the session delved into the transformative potential of electric vehicles and energy in China, with insights from Sean He, Founder of Silicon Harbor.

    “As investors, we must prioritize sustainability in our decisions. China’s commitment to environmental concerns underscores the importance of adopting technologies that reduce pollution and promote sustainability,” Sean He, Founder of Silicon Harbor.

    These sessions epitomize the AIM Congress’s commitment to fostering innovation and collaboration on a global scale, empowering attendees with actionable strategies to navigate an ever-evolving business landscape.

    AIM Congress 2024 is hosting more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

  • 2024 AIM Congress in Abu Dhabi Sparks Conversation on Investment, with Focus on Asia and Europe

    2024 AIM Congress in Abu Dhabi Sparks Conversation on Investment, with Focus on Asia and Europe

    Abu Dhabi, 9th May, 2024:: The 2024 AIM Congress, held at the Abu Dhabi National Exhibition Centre (ADNEC) from May 7 to May 9 saw an huge convergence of industry leaders, policymakers, and visionaries.

    The  Congress sessions were held under the Investment Track, Regional Focus Forum Track,and Investment Destination Track, fostering dialogue, collaboration, and innovative solutions to global challenges.

    Investment Track

    The “Leader’s Panel: Geopolitical Tensions 2024: New Challenges and New FDI Destinations” session brought together speakers who discussed the landscape of Foreign Direct Investment (FDI). Participants underscored the significance of attracting new FDI to diverse global destinations amidst intensifying competition. Ms Biviana Riveiro Disla, Executive Director of the Export and Investment Center of the Dominican Republic, highlighted her country’s streamlined investment process and strategic focus on sectors like AI and technology.

    Mr Daniel Silverman, Vice President of FDI in Quebec, addressed challenges facing FDI in the region, particularly in energy privatization, emphasizing the competitive dynamics with neighboring markets. Ms Ibtisam Al Farooji, Undersecretary of the Ministry of Commerce Industry and Investment Promotion in Oman, emphasized the Sultanate’s commitment to attracting investment, leveraging its strategic location and natural resources to emerge as a leading global destination.

    Mr Raymond Siva, Head of Digital Investment at Malaysia Digital Economy Corporation, emphasized the importance of digital talent and infrastructure in fostering investment safety and growth in Malaysia.

    During the ‘Fireside Chat’ on FDIs in UAE, Mr Massimo Falcioni, Chief Competitiveness Officer of Abu Dhabi Investment Office (ADIO), highlighted the UAE’s innovative approach to challenges, transforming them into opportunities to attract Foreign Direct Investments (FDIs).

    He underscored the UAE’s standing as a premier destination for foreign investors seeking a stable environment and a thriving economy, attributing this to the clear growth and diversification strategy set by the UAE’s president, coupled with efforts in trade agreements and infrastructure development. He emphasized the importance of infrastructure, local demand, and export opportunities, alongside geopolitical stability, as key factors in attracting FDIs.

    He also stressed the significance of talent, entrepreneurship, and education as a formula for success in the country.

    The session titled “Unlocking the Power of Sustainable Investment” delved into current trends to spur economic growth and attract investors. Speakers Ms Aziza Shaat, Economic and Trade Advisor at the Dutch Embassy in Egypt, and Dr. Pallavi Kishore, Head of Accounting and Finance at Middlesex University Dubai, highlighted that countries with robust economies are magnets for FDI inflows. Dr. Kishore noted that despite the FDI decline in 2020 due to the Covid-19 pandemic, emerging markets in the MENA region, particularly the UAE, Saudi Arabia, and Qatar, continue to attract investments.

    Ms Shaat identified challenges such as the lack of ease of doing business and bureaucratic hurdles. However, participants expressed optimism about the future of FDI in the Middle East and Africa.

    The session “Leveraging FDI for Climate Change Mitigation” addressed the importance of sustainable investments in developing countries. Speakers Ms Marianna Bulbuc, CEO of Bizzmosis Group; Mr Marwan Alichla, Head of Investment Promotion at Sharjah FDI office; Mr Paul Holthus, Founding President of World Ocean Council; and Mr Zakaria Farahat, Director of International Cooperation at the Ministry of Investment, Convergence, and Evaluation of Public Policy of Morocco, highlighted the role of FDI in supporting climate goals in developing countries.

    Alichla discussed Sharjah’s strategy aligned with the UAE’s national agenda, emphasizing sustainability and advanced manufacturing. He noted Sharjah’s strategic location and its success in attracting FDI, resulting in job creation. Bulbuc praised the UAE’s model of collaboration between the public and private sectors in attracting FDIs.

    Regional Focus Forum Track

    The session titled “Korean International Economic Policy towards the Middle East,” presented by the Korean Institute for International Policy (KIEP). Mr Munsu Kang, a Fellow Doctor at KIEP, outlined the institute’s core objective of contributing to effective international economic policies for South Korea. KIEP has been instrumental in shaping and executing South Korea’s international economic strategies.

    The discussion highlighted the significant impact of global trends such as escalating competition between the US and China, protectionism, digital transformation, and regional conflicts on shaping KIEP’s medium- and long-term trade policy directions. Amidst these trends, alliances among middle power countries in the Global South are gaining importance. The session also examined the composition of trade between Korea and the Middle East.

    Looking towards future cooperation, the session emphasized energy transition as essential for the post-oil era, with hydrogen, carbon capture and storage (CS), and liquefied natural gas (LNG) supply chains emerging as key areas in the energy sector.

    The Korea-GCC Free Trade Agreement aims to open the service market, fostering economic diversification. Cooperation in digital payments, artificial intelligence (AI), robotics, smart factories, entertainment, and gaming sectors was also proposed as areas of focus.

    Later, the session “Unlocking Asia’s Potential: Harmonizing Sustainability and Advancing Technology for Economic Development” featured an esteemed panel of speakers. Among these were Renuka Weerakone, Director General, Board of Investment of Sri Lanka; MsEvariste M. Cagatan, Executive Director, Advisor Embassy Investment Promotion, Philippine Board of Investments; Mr Wirat Tatsaringkansakul, Deputy Secretary General, Board of Investment Thailand; Mr V. Enkhbaatar, Director General Advisor, Embassy Investment and Trade Agency of Mongolia; and Mr Raymond Siva, Head of Digital Investment, Malaysia Digital Economy Corporation.

    Jonathan Wong, Chief of Innovation, Enterprise, and Investment in the Trade and Investment and Innovation Division at United Nations ESCAP, emphasized the criticality of addressing the SDG investment gap and highlighted Asia-Pacific’s attractiveness for investment due to its resilient economies and abundant opportunities.

    The panel discussed various topics including effective positioning of countries in Asia-Pacific as attractive destinations for sustainable development investments, compelling messaging for investors, challenges in attracting sustainable investments, fostering an enabling environment for sustainable FDI, and enhancing regional cooperation.

    Ms Weerakone discussed Sri Lanka’s commitment to renewable energy generation and its focus on infrastructure development and gender equality. Ms Cagatan outlined the Philippines’ aspirations to become a hub for sustainable manufacturing in Southeast Asia, emphasizing renewable energy and critical mineral processing. Mr Tatsaringkansakul emphasized collaboration between the public and private sectors in Thailand to transition to renewable energy.Mr Enkhbaatar highlighted Mongolia’s rich natural resources and investor-friendly regulations. Mr Raymond Siva showcased Malaysia’s transition to a digital economy and its focus on talent accessibility and sustainability.

    Another session titled “Empowering Europe’s Future: A Strategic Investment Drive for Growth and Competitiveness” unfolded under the European Regional Focus Forum. Ms Lucie Berger, Ambassador of the European Union to the UAE, emphasized the importance of leveraging crises to build resilience and competitiveness. Prof. Henrick Von Scheel and Leon Delvaux underscored the EU’s significant role as a global investment player and highlighted the immense opportunities for investment, with FDIs in the EU totaling $8 trillion.

    The panel aimed to harness skills, expertise, and resources within Europe to foster cross-border opportunities and address economic challenges for a sustainable future. The focus was on policy initiatives, resilience building, and global collaboration.

    Other paneslists included: Alexis Rostand, Managing Director, Eiffel Investment Group, who stressed her Group’s focus on sustainable investment strategies and global expansion. Mr Jean-Mari Frentz, Executive Director, Luxembourg Trade and Investment Office, highlighted Luxembourg’s attractiveness for FDI and its leadership in green finance. Dr. Joseph Gerada, Regulator, The Family Business Office – Malta, discussed Malta’s support for family businesses and succession planning. Mr Luca Lazzaroli, Director General, Portfolio Management and Monitoring, European Investment Bank, outlined the Bank’s role in financing climate projects across regions. Mr Johannes Brunner, Commercial Counsellor, Austrian Embassy to the UAE. Mr Marios Tannousis, CEO, Invest in Cyprus, discussed the significant EU-GCC trade relations, emphasized Cyprus’s focus on tech startups, R&D, and collaboration for economic development in the European market.

    Investment Destination Track

    During the Oman Investment Destination Forum, a session titled “Country and Company Presentation” provided valuable insights into investment opportunities in Oman. Moderated by Omar Al Harthi, Senior Business Development Executive at Invest Oman, the session featured presentations from Invest Oman and Asyad Group.

    Al Harthi highlighted Invest Oman’s pivotal role in Oman’s economic transformation across sectors like logistics, food security, tourism, mining, and manufacturing.

    The company is pioneering new sectors such as green cement production and boutique luxury tourism. Oman’s appealing laws and legislation, offering incentives like up to 100 percent foreign ownership and tax exemptions, make it an attractive destination for investors seeking sustainable ventures.

    Mr Yasin Al Busaidi, Business Development Director at Asyad Group, discussed the group’s focus on enhancing trading activities through streamlined import and export processes.

    The group aims to become the leading hub in the logistics sector, leveraging Oman’s robust infrastructure, including ports and roads. The presentation highlighted the Hafeeth Rail Project, a significant initiative connecting Oman’s Sohar Port with the UAE rail network, fostering regional integration and economic growth.

  • 2024 AIM Congress in Abu Dhabi Highlights Innovation, Entrepreneurship, and Financial Technology

    Abu Dhabi, UAE, 8th May, 2024: The 2024 AIM Congress, world’s leading investment platform, commenced at the Abu Dhabi National Exhibition Centre (ADNEC) with a series of dynamic sessions under the Innovation and Technology Track, SMEs Track – Entrepreneurs Investment Summit, and Future Finance Forum Track. Over three days, from May 7th to May 9th, the AIM Congress brought together visionaries and experts to explore cutting-edge developments and foster collaboration in key sectors.

    Innovation and Technology Track

    The Innovation Track at the 2024 AIM Congress brought together industry leaders, innovators, and policymakers to explore the transformative potential of emerging technologies in driving economic growth and sustainability. The track featured engaging discussions on topics ranging from IoT and digitalization to AI systems and sustainable urban development.

    Moderated by Glen Gillmore, the sessions delved into the critical role of data-driven decision-making in shaping future industries. Speakers such as Catalina Valentino of ELIXR and Charles Austen Angell of Modern Edge Inc emphasized the importance of leveraging digital twins and AI integration to optimize operations and enhance productivity. They highlighted how advancements in AI and IoT are revolutionizing industries, making cities smarter, and creating safer and more sustainable environments.

    Martin Yates from Presight G42 underscored the importance of trustworthy data in AI applications, emphasizing the need for robust data management practices and regulatory frameworks to ensure ethical and responsible AI deployment. Steve Nouri of Generative AI emphasized the power of collaboration and knowledge-sharing in driving AI innovation, advocating for a collective approach to harnessing the potential of AI for societal benefit.

    The Innovation Track also explored the challenges and opportunities in adopting innovative technologies for sustainable development. Panelists discussed the need for holistic approaches to urban planning and development, integrating digital solutions with environmental sustainability goals. Lilly Lau, founder of DESMO, highlighted the importance of cybersecurity in IoT environments, stressing the need for robust security measures to protect data and ensure user privacy.

    Overall, the Innovation Track provided valuable insights into the transformative potential of emerging technologies in driving economic transformation and fostering sustainable development. As industries continue to embrace digitalization and AI, collaboration, responsible innovation, and ethical considerations will be key to realizing the full potential of technology in shaping a more inclusive and resilient future.

    “The best place is in digital twins. Building cities advances in AI. Making the environment safer is difficult due to the data; recognizing accurate data is crucial,” said Catalina Valentino, CEO of ELIXR.

    “AI is not a replacement of intelligence; AI is a supplement to the brains we have. We have to think of reinforcing growth. Thinking about everybody is important,” said Charles Austen Angell, CEO of Modern Edge Inc.

     

    SMEs Track – Entrepreneurship Investment Summit

    The SMEs Track at the 2024 AIM Congress convened entrepreneurs, policymakers, and industry experts to explore strategies for fostering entrepreneurship, promoting economic growth, and overcoming challenges in the SME sector. Under the guidance of moderator Reinhold Von Sternberg, the sessions provided valuable insights into various aspects of SME development, investment, and innovation.

    Panelists such as Christian Purstinger of Terraplasma Medical and Karima Catherine of BeBeeMatch shared their experiences and expertise, highlighting the importance of supply chain resilience, digitalization, and customer retention for SME success. They emphasized the need for collaboration, adaptability, and innovation in navigating disruptions and seizing opportunities in dynamic market environments.

    The discussions also addressed the role of government policies and international cooperation in supporting SMEs, particularly in emerging economies. Dr. Assia Ben Saad of AMDIE and Ibraev Danil of the Kyrgyz Union of Industry and Entrepreneurship emphasized the importance of fostering an enabling environment for SMEs through supportive regulatory frameworks, access to finance, and capacity-building initiatives.

    Furthermore, the sessions explored the potential of alternative lending platforms, such as peer-to-peer (P2P) lending, in addressing the financing needs of SMEs. Panelists discussed the advantages of P2P lending in providing faster access to capital, especially for micro SMEs, and the importance of risk management and regulatory oversight in ensuring the stability and integrity of these platforms.

    Overall, the SMEs Track provided a platform for stakeholders to exchange ideas, best practices, and innovative solutions for supporting SME growth and resilience. As SMEs continue to play a vital role in driving economic development and job creation globally, fostering an ecosystem that enables their success will be crucial for building more inclusive and sustainable economies.

    “SMEs are the backbone of the government. Delivery and e-commerce are using AI. They are having issues like delivery issues. Interactive-based technology. Excess management system is important,” said Thami Zondi, Economic and Development and Investment Expert, RSA

    “99 countries, 160 subsectors. How to bring more opportunity for SMEs is the main aim. 95 to 99% of the economy of the country they don’t have economy and have financial problems. Chatbots are extremely important in customer communications and retention, and so is Google,” said Karima Catherine, Founder CEO of BEBEEMATCH, Canada Advocate

    Future Finance Forum Track

    The Future Finance Forum Track at the 2024 AIM Congress brought together industry leaders, experts, and policymakers to explore the transformative role of technology in shaping the future of finance. Through engaging discussions and fireside chats, participants delved into key trends, challenges, and opportunities reshaping the financial landscape.

    One of the focal points of the track was cybersecurity, with renowned keynote speaker Edgar Perez leading a fireside chat on enhancing cybersecurity in financial systems. Perez emphasized the critical role of artificial intelligence (AI) in fraud detection and prevention, highlighting the power of AI technologies like ChatGPT in safeguarding financial institutions against cyber threats. The session also addressed the implications of deepfakes and the importance of responsible technology use in preserving privacy and security.

    Another highlight of the track was a fireside chat featuring Peter Tavaner, co-founder of Beehive, who provided insights into the comparative analysis of peer-to-peer (P2P) lending and traditional banking. Tavaner underscored the benefits of P2P lending, such as quicker access to funds and tailored financial solutions for SMEs, while also addressing common misconceptions about risk and security in P2P lending platforms.

    Additionally, sessions focused on the evolving role of AI and digital technologies in auditing and accounting. Speakers such as Prasanna, CEO of Blockstack, and Bernhard Schatz from PwC discussed the impact of AI on job security, efficiency, and data accuracy in the accounting profession. They emphasized the need for continuous training and adoption of technology to stay competitive in a rapidly evolving industry.

    Overall, the Future Finance Forum Track provided a comprehensive exploration of the intersection between finance and technology, highlighting the opportunities for innovation, collaboration, and adaptation in the digital age. As financial institutions navigate the complexities of an increasingly interconnected world, embracing technological advancements will be key to driving efficiency, security, and resilience in the financial sector.

    The 2024 AIM Congress continues to serve as a catalyst for innovation, entrepreneurship, and financial transformation. As discussions evolve and partnerships deepen, the Congress remains committed to driving sustainable growth and shaping the future of global industries.

     

  • 2024 AIM Congress: Uniting Industry Leaders in Abu Dhabi to Explore Investment in China, Health Security, and Sustainable Agriculture

    2024 AIM Congress: Uniting Industry Leaders in Abu Dhabi to Explore Investment in China, Health Security, and Sustainable Agriculture

    Abu Dhabi, UAE, 8th May, 2024: The 2024 AIM Congress, held at the Abu Dhabi National Exhibition Centre (ADNEC) from May 7th to May 9th, 2024, witnessed an unprecedented convergence of industry leaders, policymakers, and visionaries. The Congress saw captivating sessions under the Universal Track and the International Partners’ Track, fostering dialogue, collaboration, and innovative solutions to global challenges.

    Universal Track

    Under the theme “Investing in an Innovative Ecosystem: Navigating Growth Through Strategic Partnerships,” the Universal Track saw China Investment Forum take place which was marked by insightful discussions and keynote addresses.

    The session was skillfully moderated by Duan Yanling, Partner at Zhejiang University Science Park Development Co., Ltd. The esteemed panel included luminaries such as Dr. Khaled Hanafy, Secretary General of the Union of Arab Chambers, and Dr. Ibrahim Moustafa, Vice Chairman for SCZONE for Investment & Promotion, among others.

    Keynote speeches by H.E. Dr. Thani Bin Ahmed Al-Zeyoudi, UAE Minister of State for Foreign Trade, and Vice-Chairman of the Industry Development Council, and Ben Harburg, Managing Partner at MSA Capital & MSA Novo, set the stage for discussions on fostering economic growth and strengthening international partnerships.

    Insights from panelists like Shenwei Hua, Vice Chairman of the Shanghai Municipal Commission, emphasized the burgeoning trade relations between China and the UAE, while Dr. Khaled Hanafy underscored the strategic importance of alliances with China for the Arab world’s economic development.

    Shenwei Hua, Vice Chairman of the Shanghai Municipal Commission, highlighted the robust trade relations between China and the UAE, stating, “Shanghai emerges as a prime destination for investors seeking lucrative opportunities.”

    International Partners’ Track

    The Road to the 3rd World Local Production Forum 2025 by WHO

    AIM Congress delved into critical discussions on advancing global health security and promoting sustainable local production. Dr. Jicui Dong, representing the World Local Production Forum (WLPF) Secretariat at the World Health Organization, set the stage with a welcome note, emphasizing the importance of collaborative efforts in ensuring access to essential medicines and health products.

    Keynote speaker H.E. Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health in Abu Dhabi, underscored the significance of equitable pathways and innovative strategies for a healthier future.

    Presentations by Prof. Abderrahmane Maaroufi from the Institut Pasteur du Maroc and Prof. Frederick Abbott from Florida State University highlighted the role of technology transfer and local production in bridging global health disparities.

    The panel discussion, moderated by Dr. Jicui Dong, featured eminent figures from Egypt, China, South Africa, Morocco, and the USA, who deliberated on the key highlights and priorities for the upcoming 3rd World Local Production Forum.

    In his closing address, Dr. Jicui Dong reiterated the commitment of the World Health Organization to fostering partnerships and promoting sustainable solutions for global health challenges.

    Climate Smart Agriculture (CSA): The Future of Sustainability in Food and Agriculture Sectors by KIEP

    The International Partners’ Track session, “Climate Smart Agriculture (CSA): The Future of Sustainability in Food and Agriculture Sectors,” delved into critical issues surrounding sustainable agriculture practices.

    Moderated by Jose Francisco Fernandez Serna, the session featured thought-provoking discussions by industry leaders including Averianov Aleksandr, Founder/CEO of Terroir Concept SPBU LLC, and Dr. Shamal Mohammed, Head of AgriTech at Silal.

    Highlights from the session included discussions on the importance of financial and institutional support for farmers transitioning to sustainable practices, opportunities and challenges in horticulture, and the role of technology in enhancing food security agendas.

    Dr. Shamal Mohammed, Head of AgriTech at Silal, emphasized, “Farmers need to see value in adopting new technologies for sustainable agriculture practices. Demonstrating long-term benefits is essential.”

    The 2024 AIM Congress continues to serve as a catalyst for fostering collaboration and driving sustainable growth on a global scale. As discussions evolve and partnerships deepen, the Congress remains committed to shaping a resilient and inclusive future for all.

  • Africa enters epic global AI innovation race, joining world’s tech capitals as an epicentre for digital advancement

    Africa enters epic global AI innovation race, joining world’s tech capitals as an epicentre for digital advancement

    Marrakech, Morocco: The AI mania that’s transforming business, government and society globally is also igniting waves of innovation across Africa, with the shape-shifting tech’s existential prospects powering a cross-continental investment surge at the AI Everything Expo by GITEX AFRICA in Morocco next month.

    Africa’s epic AI opportunity is already disrupting digital advancements in diverse sectors from finance and agriculture, to healthcare and mobility, all fueling a booming AI market that, according to analysts Statista, will grow 30 percent annually over the next six years to value US$17 billion by 2030.

    This massive AI rush combined with a rapidly growing population of 1.5 billion people – of which 70 percent are under the age of 30 – creates a potent recipe of AI acceleration, but highlights gaps in talent development, venture allocation, policy and infrastructure.

    These crucial challenges and opportunities will be addressed when the world’s AI cognoscenti and pivotal power players of its widespread deployment unite to fast-track the continent’s next big tech shift at the AI Everything Expo by GITEX AFRICA, the year’s largest and most progressive platform for AI exploration and deep tech innovation.

    Taking place from 29-31 May 2024 in Marrakech, Africa’s powerhouse tech showcase will feature the world’s tech titans spearheading the AI gold rush, including Microsoft, IBM, Huawei, Nvidia, and Google, along with hundreds of AI ambitious start-ups from across the globe with grand visions to change Africa via AI-infused products and services.

    An AI continent ‘brimming with investment opportunity’

    Microsoft, the world’s most valuable company, and GITEX AFRICA’s official AI Partner, is leading the way in the AI investment race, having forged partnerships with the world’s hottest makers of AI models, including the UAE’s G42, a global leader in visionary AI.

    Microsoft’s recent US$1.5 billion strategic investment in G42 to accelerate AI development in growing economies such as Africa will be welcomed by big tech executives, government leaders, investors and tech entrepreneurs alike at GITEX AFRICA 2024, which will also feature Presight, G42’s big data analytics company powered by generative AI.

    Lillian Barnard, President of Microsoft Africa, said AI can unlock a continent “brimming with investment opportunity.” “Africa has long been recognised for its formidable growth prospects and AI is the long-awaited key to help unlock that potential,” said Barnard, who will also be a headline speaker at GITEX AFRICA’s power-packed conference programme.

    “The AI-powered innovation we’re seeing today is poised to reinvent every aspect of society from healthcare to financial services, manufacturing and beyond. If Africa is to benefit from the paradigm shift currently sweeping the globe, we must make the promise of AI real for people and organisations across the continent – and do so responsibly. GITEX provides us with a platform to come together and work towards fulfilling that commitment.”

    Dr. Adel Alsharji, the COO of Presight, added that Africa is the second-fastest growing region globally in AI adoption. “Africa’s AI journey is gaining momentum, and this progress highlights the continent’s readiness to explore and harness the potential of AI for driving economic growth and addressing local challenges,” said Alsharji, adding that demand for AI-related jobs will increase two-fold over the next three years. “AI could add US$13 trillion to the global economy by 2030, while the number of AI-related jobs in Africa alone is expected to grow by 200 percent by 2025.”

    A formidable African force in a world-changing AI revolution  

    The AI Everything Expo will gather the brightest minds and most innovative thinkers in the field of AI at the AI Everything Conference, one of 10 powerful conference stages at GITEX AFRICA, the continent’s largest tech and start-up show.

    Headline speakers leading the AI phenomenon include Dragoș Tudorache, Vice-President of the Renew Europe Group; Mactar Seck, Chief of Technology and Innovation at the United Nations Economic Commission for Africa (UNECA); and Jepson Taylor, Former Chief AI Strategist, Dataiku.

    AI and it’s far-reaching multisectoral impact will be evident on the exhibition floor, with exhibitors showcasing how the AI boom is turbocharging waves of innovation across industries, from education and agriculture, to transport, retail, energy, or logistics.

    Clinify, a Nigerian start-up epitomises this movement in the healthcare sector, and is one of hundreds of global change-makers at GITEX AFRICA’s North Star Africa start-up showcase. Clinify, an electronic medical record (EMR) platform seeks to digitise patients’ medical records in Africa, where 90 percent of such information is still paper based.

    CEO and Founder Michael Omidele, said there’s an urgent need for centralised and digitised medical records. “Africa’s healthcare sector faces several challenges; there’s only one doctor available for every 10,000 patients whereas the average in developed countries is one doctor for every 250 people,” said Omidele.

    “Clinify is a one of a kind African solution offering a digitally centralised and standardised interoperable aggregator of healthcare systems, a telemedicine platform, and an EMR solution giving patients access to their medical records. Our goal is to network with healthcare providers, to expand this innovation from Nigeria and export it across Africa.”

    Under the High Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco, GITEX AFRICA is held under the authority of the Moroccan Ministry of Digital Transition and Administration Reform, in partnership with Morocco’s Digital Development Agency. The 2nd blockbuster edition, organised by KAOUN International, follows its pioneering debut in 2023.

    More information is available at www.gitexafrica.com.

  • Re-designing the African Rural Built Environment for Sustainability(PART TWO)

    Re-designing the African Rural Built Environment for Sustainability(PART TWO)

    By: Mohammed A. Abu

    Kathi Pressley,Nor’ Wester Rotary Grant Writer

    Today we bring you the  Part Two and final on the efforts of two change agents at re-designing the Togo, rural Built Environment for sustainability. An initiative that was to get full buy-in of Nor “Wester Rotary Grant,US.

    Dignity Toilets are zero water usage and are climate smart for that matter. The dwindling water stock levels of aquatic or fresh water systems the result of  climate change impact, continue to raise concerns globally and more so, in African  rural communities that tend to be the most hard hit.

    Leveraging innovation and research driven  technological solutions would therefore be highly crucial in re-designing  the African Rural Built Environment for sustainability.

    Now for the rest of the story, read on

    Reaching out to Rotary Club

    “By the time we had done eight (8) we had the system down and could duplicate the design consistently.  That is when I approached my Rotary Club and asked them to take on the project.  They agreed” Doc Reiss recounts

    Kathi Jellicoe Pressley, Nor ’Wester Rotary Grant, US, Writer, recounts the humble beginning of the Dignity toilet project in Togo by Tao and Doc Reiss before the Rotary take-over

      “Toilet No1 gifted to a friend in Zogbedgi, a poor rural village in Southern Togo, Africa.Neighbours sign up to have one built for their families in 2015. In 2016 eighty (8) toilets for twenty-four (24) waiting families was financed through donations.

    Moving the Project Forward by Rotary

    In chronological order, Kathi presents the role of Rotary in the Dignity Toilets Togo project since its takeover of the project in 2017 up till date.

    “In 2017 Nor ‘Wester Rotary Club hires local men and train them to build eco-san toilet. Dignity Toilet Togo, established as an NGO by the crew to help Rotary get grants leading to the construction of fifteen (15) toilets and twenty-three Dignity Toilets(DTs).

    Initial constructional Stage of a Dignity Toilet in Klobatem,rural Southern Togo
    Stage Two
    Dignity Toilet is ready with Tao and Doc Reiss in a Pose with Beneficiaries
    Sandrine Plathey,member of the Video Team,New World TV,France,offering a voluntary helping hand

    “In 2018 thirty (30) toilets and 53 DTs were constructed through Nor ‘Wester District grants, private and club donations. Nearby Klobathem added to the service area.

    “2019, recorded forty-five (45) toilets and ninety-eight (98 DTs) as word continued to spread and building continued, and the outcome was, 700 people no longer “visit the bushes” Area eight (8) global grant also approved.

    “In 2020 project work impaired due to COVID-19 impact via border closure, doctor shortage and no work to provide for families. Nonetheless, six (6) Toilets and one hundred and four (104) DTs were added.

    “In 2021 sixteen (16) Toilets and one hundred and twenty-two (122) DTs were added while Doc Reiss moves to Ghana and funds donated from Nor ‘Wester. Nor ‘Wester Rotary and six (6) Districts Clubs create new model for global grants. Global Grant received and ultimately cancelled due to failure of Host Club to follow the terms of the MOU.

    “In 2023 fourteen (14) Toilets/one hundred and thirty-six (136) DTs added as Nor ‘Wester Rotary receives District grants. One thousand, one hundred (1,100) people were impacted including two male crew members and one (1) woman for education on how to utilize and manage the toilet. Women and children tend to be the most impacted under living conditions lacking toilet facilities.

    “In 2023, twenty-eight (28) Toilets and one hundred and sixty-four (164) DTs were added. Area 8 global grant approved, Lomé Racine signs MOU, two crew salaried completed and Quality Program Fertilizer Test done

    “As of  April,2024 forty-four (44) toilets were added totaling one hundred and eighty (180) DTs positively impacting the lives of one thousand four hundred and ninety-eight (1,498 people

    “Eight (8) DTs is currently in process with two crews salaried-an assistant for the Director of Dignity Toilets Togo, Taouvik and one (1) woman for education.

    Three (3) professionals, carpenter, Ironworker and plumber on contract” Kathi wraps up her project progress report in a chronological order.

    Global Grant Input

    “We have a global grant now because of the combined efforts of the clubs in our area and are building at a rate of 8 a month. Much as I would like to take credit for the global grant and the upsurge in building, that has been Kathi” Doc Reiss appreciates Kathi of Nor” Wester Rotary Club.

    The Urine Fertilizer Dimension of DTs

    Doc Reiss further appreciates the takeover of Rotary with Kathi in charge. “It is under her direction that things have blossomed. A while back I learned that it was possible to take urine and turn it into fertilizer.  I sent Tao to Malawi to learn how to do it from a fellow named Goodfellow Phiri.

    “Goodfellow has a business that started with five 200 liter tanks.  He now has 100.  he taught Tao. No one has ever built for the families before.  We are truly grassroots.

    “People usually show up, do something with their own people and leave.  One day Tao told me, “The difference between you and those guys is that they do something for the village.  You do something with the village.”

    “We never meant to start as a project. We just did what we needed to do to make things work and in the process created a unique project.  Now I want to marry the DT (Dignity Toilet) project to fertilizer production” Doc Reiss intimated.

    The Urine for Fertilizer Dimension of DTs

    “We have had test fields prove successful.  We are stockpiling the urine and will soon be selling it to local farmers to help them rebuild their soils at a rate about 40% cheaper than commercial fertilizer.

    “Once we have the system up and running we will take the profits from the fertilizer and use it to offset the cost of future toilets which will give us more fertilizer which will give us more toilets.

    Creating a Self-Financing System for DTs 

    “By putting the two together we will create a self-financing toilet project that can be transplanted to anywhere in rural Africa and start rebuilding the soils for a better future and healthier families.

    Multiple Benefits of DTs

    “One toilet reduces ground water pollution, lowers cholera and other diseases, and provides safety for women and children.  and it gives dignity to the family.

    “Also women no longer have to wait until dusk for modesty sake which lowers the number of urinary tract infections.  Now when a guest needs to go to the bathroom during a visit they do not have to go find a field.

    Going Green with DTs,the Economics 

    “I must confess it is because of Daniel and Agent Konte that I started looking into going green. If you contact anyone I am telling you about and you say you were talking to me about toilets they will know exactly what is going on.

    “And by going green we will be able to add another potential funding source (making bricks and blocks) as well as make the toilets more affordable to more families.  It also gives us the chance to hire more people” Doc notes with great satisfaction.

    Taouvik Boukari, the Director of Dignity Toilets, Togo, on his part, presents the social-economic and, environmental impact of the dignity toilets in the project catchment area in Togo.

    Social Impact of DTs in Rural Togo

    Taouvik, Dignity Toilet Project Director, Togo says, for the people of the village, kegue ZOGBEDJI, the social impact is that, DTs, has changed many things-no smell, no poop everywhere like before, and the village has become clean. The people like it so much, and more people come to stay in the village

    Health Impact

    “With regards to the health impact, clean area brings more good health, no much mosquitos like before, no much sickness, people have better life, good health, no more defecations everywhere,

    Environmental Impact

     “Environmental impact wise, toilets protect environment no offensive odours, save water wastage as DT don’t need water, clean, DT protect the environment too

    Economic Impact

    “On the economic, impact people will save money from evacuations of their local toilets, because DT is ecology toilet, and they will make more money in using fertilizer which DT gives them.

    Rural Community Beneficiaries Response

    “The rural community never stop thanking us for this big opportunity we bring, and changed many people lives; we are like heroes in the community

    Ongoing Projects

    “Now we are building 178th toiles in three villages, Zogbedji, Klobatem and

    Yayirakome” Taouvik further updates.

    The Way Forward

    On future plans of Dignity Toilets Togo, Tao had this to say, “In the future we are thinking to training more people have more crew, give jobs to more people and develop urine fertilizer. We collect urine from DTs and sell to make money and use that more pay people and do new toilets to continue helping communities”

    DTs for Ghana

    Doc. Reiss also discloses that Ghana is next after Togo for replication of the Dignity Toilet, Togo project and that he is sourcing a UN grant funding for that .In Ghana, he says, he knows of a village with 300 families needing toilet facilities. Another area in Northern Ghana he disclosed need 9,000 toilets.

     

     

  • ECA urges African countries to adopt technological solutions to monitor their development strategies

    ECA urges African countries to adopt technological solutions to monitor their development strategies

    To bolster national planning activities, policymakers have been urged to embrace digital tools to foster greater transparency, efficiency, and effectiveness.

    The call to action was made during the meeting on “Leveraging Digital Technologies for Integrated Planning to Advance the SDGs and Agenda 2063 in Times of Multiple Crises”, which took place as a side event at the Tenth Session of the Africa Regional Forum on Sustainable Development (ARFSD-10).

    Mr Antonio Pedro, Deputy Executive Secretary of the UN Economic Commission for Africa (ECA), stressed the importance of technology in supporting development planning systems.

    He said that while many countries do an excellent job of identifying their priorities through extensive stakeholders’ consultation, the number of identified priorities is often so numerous that implementation becomes a challenge.

    To address this challenge, ECA developed the Integrated Planning and Reporting Tool (IPRT), a web-based tool designed to enhance the effectiveness of planning.

    The IPRT aims to strengthen planning systems by leveraging technology, allowing for the digital tracking of national, provincial and sector plans in alignment with annual budgets and international commitments such as SDGs and Agenda 2063.

    Mr Bartholomew Armah, Chief of Development Planning in the Macroeconomics and Governance Division at ECA highlighted the tool’s ability to facilitate integrated and coherent planning, addressing the issue of disconnected planning frameworks at various levels and ensuring alignment with global commitments.

    “The IPRT represents a significant step forward in the integration of multiple development agendas into national development plans, offering a harmonized approach to progress reporting”, he said.

    Ms. Annette Griessel, Deputy Director General of National Planning Coordination at the South African Department of Planning, Monitoring, and Evaluation (DPME), highlighted the transformative role of technology in redressing the development disparities created by South Africa’s apartheid past.

    She noted the progress made in reforming the planning system, ensuring their alignment with the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063, “which is seen as a cornerstone in building a capable developmental state”.

    The IPRT has already been deployed in more than 30 countries with ongoing efforts to ensure its use by other countries on the continent. It makes the tracking of performance on the indicators of the National development plan more user-friendly.

    The e-meeting was organized by ECA’s Macroeconomics and Governance Division and the Office for Eastern Africa.

    Distributed  by ICA Media on Behalf of UNECA

    SOURCE

    UNECA