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  • Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

    Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

    Radisson Hotel Group continues its ambitious growth in Africa with the signing of seven new hotels, adding over 1,400 rooms to its African portfolio.  

    The new hotels expand the Group’s brands, spanning from upscale to premium luxury lifestyle with a new market entry in Gambia and the introduction of new brands in key markets with the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand in Kenya.   
    As one of the fastest-growing hotel companies in Africa, Radisson Hotel Group plans to further strengthen its robust African presence this year beyond signings with at least seven hotel openings and over 1,400 rooms.

    These openings include the Group’s first hotel openings in Reunion Island and Ghana and expanding its resort presence in Casablanca and Saidia in Morocco as well as in South Africa, Egypt and Tunisia.   Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group comments: “Thanks to the relevance of our brands and trust of our owners, we have a successful growth momentum in Africa thus far, this year. With the continent remaining a focus market for us, we are committed to further contribute to the African hospitality industry, providing more possibilities to our guests and employment opportunities to the local communities.’’  
    Speaking at the Africa Hotel Investment Forum in Nairobi, Ramsay Rankoussi, VP, Development, Africa & Turkey at Radisson Hotel Group said: “We are thrilled to be maintaining our growth momentum across Africa, bringing our tally of new signings for 2023 so far to seven hotels and over 1,400 rooms.
    An even better indication of our growth is the materialization of our pipeline into openings, where we have led consistently the biggest market share for the last 36 months, translating to a commendable 15 percent growth on our African portfolio, year-on-year, placing us well on track to reach our objective of 150 hotels within the next five years from 100 hotels today. Our rate of materialization and openings is a testament not only to the quality of our pipeline but also reflects our conversion strategy in repositioning existing hotels under one of our brands. We are also proud to further entrench our stance as the operator with the most extensive presence in Africa with once again a new market entry as the only hotel operator.”
      The new hotel signings include:
    Radisson Collection Resort, Marsa Alam Port Phoenice Scheduled to open in early 2025, the resort, which introduces Egypt to the Group’s premium lifestyle brand, Radisson Collection, will be situated in Port Phoenice on the Red Sea, 
    a waterfront premier integrated resort community boasting luxury residents, golf estates, water activities, retail centers, hospitals, and schools and easily  accessible from Marsa Alam International Airport (only 35 minutes’ drive away).

    The resort location makes it an excellent spot for a vacation, with venues for dining, entertainment, boutique shopping, cultural expedition, activities, and lively nightlife located all nearby. The newly built resort will comprise of 294 rooms, including 20 suites, all carefully curated with a mix of Mediterranean and Italian architecture.

    The resort will offer a lobby lounge, one all-day dining restaurant, one high-end specialty restaurant, as well as a stunning beach restaurant, and a beach bar with mesmerizing sea views. The resort will also offer a fitness center, diving center, a theatre, kids club, several pools, and direct access to the beach.
    Radisson Collection Hotel & Conference Center, Abuja The new-build, 249 room hotel will be Abuja’s first luxury hotel and will further expand the Group’s Radisson Collection portfolio in Nigeria as the country’s third Radisson Collection hotel 
    and the premium lifestyle brands debut in Abuja. The hotel will have an expansive range of rooms, from standard rooms and apartments to lofts and presidential suites. Spanning across almost 3000 square meters, the meeting spaces will consist of a dividable conference hall, five meeting rooms, a board room, as well as a pre-function area.

    Located next to the Presidential Palace in Maitama District, one of the most sought after and exclusive areas in Abuja, the hotel will be a 45-minute drive from the Nnamdi Azikiwe International Airport, the country’s second busiest airport after Lagos. In proximity to the hotel is the city’s most popular market, Wuse market, Jabai Boat Club, a water based recreational facility and family entertainment center, and Abuja National Mosque, also known as the Nigerian National Mosque, built in 1984.  
    Radisson Blu Beach Resort & Spa, Banjul The new-build, 462 room hotel currently under construction, marks the Group’s debut in Gambia as the first internationally branded hotel in the country. 
    Scheduled to open early 2025, the resort will be located in the Bijilo region in Banjul, the country’s capital city, spanning over 17 hectares with direct access to the ocean, surrounded by tranquil, picturesque landscapes.

    The resort will offer large, contemporary rooms, presidential apartments, and royal villas as well as five food and beverage outlets, including a cocktail bar, an all-day dining restaurant, a specialty restaurant, poolside restaurant and beach bar.

    Other hotel facilities will include a fitness and wellness center.  The 3,025 square meters meetings and events space with beach access, will consist of a conference hall, 12 meeting rooms, conference room, board rooms, reception, pre-function area and banquet showroom.
    Radisson Blu Hotel Abuja CBD Following the recent signing of Radisson Collection Abuja, is the announcement of the first Radisson Blu hotel in Nigeria’s capital city, the Group’s 10th hotel and 3rd Radisson Blu in Nigeria.
    The 104-room hotel, scheduled to open early-2025, will be in Abuja’s Central Business District (CBD), 45 minutes from the Nnamdi Azikiwe International Airport.  The hotel will have a stylish piano bar and an all-day dining restaurant along with fitness and wellness facilities and 245 square meters of meetings and events space.
    Radisson RED Lagos VI Further expanding the Group’s presence as its 11th hotel in Nigeria and 7th hotel in operation and under development in Lagos, is the highly anticipated debut of the bold and cutting-edge upscale Radisson RED brand in Nigeria.
    The new-build, 62 room hotel scheduled to open end-2025 will introduce the country to the renowned Radisson RED brand and its unique food and beverage concepts through its lobby bar, all day dining restaurant and rooftop bar and terrace which in true Radisson RED style will become the most coveted rooftop venue in the country. 

    Additional facilities will include a gym and pool along with 249 square meters of flexible meetings and events space, consisting of a conference room, a board room and two meeting rooms. The hotel will be located just over 30 minutes’ drive from Lagos Murtala Muhammed Airport, in Victoria Island, the main business and financial center and one of the most sought-after residential areas in Lagos, which has the highest hotel performance in West Africa due to its financial hub status and size of its economy.
    Radisson Hotel Nairobi Airport The Group’s 4th hotel in Kenya and first Radisson property in the country, is the new build, 200 room Radisson Hotel Nairobi Airport, scheduled to open mid-2027. With proximity to JK International Airport, the property will be easily accessible to tourists as well as business travelers. 
    It is also 22km from Nairobi National Park, the only national park in the world in proximity to the city. The hotel will have a lobby bar and an all-day dining restaurant as well as extensive facilities including a gym, spa, pool, retail unit and crew lounge. The meetings and events area will consist of a conference room, two meeting rooms, a board room and a business center.
    Radisson Hotel Algiers El Mouradia Marking the Group’s second hotel in the country, complementing the Radisson Hotel, La Baie d’Alger, currently under construction and bolstering the limited internationally branded hotel supply in Algiers is the country’s second Radisson hotel, scheduled to open mid-2026
    Located in the sought after El Mouradia district, known as the home of the Algerian presidency, several ministries and embassies, the 148-room hotel is also in proximity of the city center and Port of Algiers, standing as the main port of Algeria and just 15km west from Algiers International Airport.  

    With an array of food and beverage outlets, the hotel will include an all-day dining as well as a signature restaurant, a juice bar and sky bar all with flowing terraces and a coffee bar and coworking space, in true Radisson style, providing the balance between work and leisure. Further enhancing this concept is the meetings and events space which will consist of a ballroom, a conference room and 4-5 meeting rooms and the leisure facilities, comprising of a swimming pool, retail area, spa, hair salon and sport & fitness gym 
    MEDIA CONTACTS   SAADIYAH HENDRICKS, Area Director, PR & Social Media, Middle East & Africa, Radisson Hotel Group saadiyah.hendricks@radissonhotels.com   DEVELOPMENT CONTACT   RAMSAY RANKOUSSI, Vice President, Development, Africa & Turkey, Radisson Hotel Group Ramsay.rankoussi@radissonhotels.com          
  • Radisson Hotel Group:7 New Hotel Signings in Africa in Pictures

    Radisson Hotel Group:7 New Hotel Signings in Africa in Pictures

    Radisson Collection Resort, Marsa Alam Port Phoenice-1
    Radisson Collection Hotel & Conference Center, Abuja+2
    Radisson Collection Hotel & Conference Center, Abuja+3
    Radisson Blu Hotel Abuja CBD+4
    Radisson RED Lagos VI+5
    Radisson Hotel Nairobi Airport+6
    Radisson Hotel Algiers El Mouradia+
  • CIBAFI and the Securities and Commodities Authority Successfully Launch a Joint Technical Workshop on Digital Transformation Strategy in Dubai, UAE

    CIBAFI and the Securities and Commodities Authority Successfully Launch a Joint Technical Workshop on Digital Transformation Strategy in Dubai, UAE

    12 – 14 June 2023, Manama, Kingdom of Bahrain, Abu Dhabi, UAE | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions and the Securities and Commodities Authority, have successfully launched their joint Technical Workshop today in Dubai, UAE.

    This Technical Workshop is themed: Digital Transformation Strategy for Islamic Financial Institutions (IFIs). The workshop is organised with the support of Finastra for three days.
     
    Building on the success of the first edition, which took place in Bahrain in the last quarter of 2022, CIBAFI has conducted the second edition of this workshop, incorporating new content, case studies, and practical examples.

    This joint technical workshop aims to reinforce cooperation between CIBAFI and the Securities and Commodities Authority in developing the Islamic financial services industry (IFSI).

     The two institutions have signed an MoU to seal their commitment in providing initiatives and activities aimed at addressing and enhancing understanding of emerging topics and issues in the industry.

    Commenting on the workshop, Dr. Abdelilah Belatik, Secretary General of CIBAFI said: 
    “Our collaboration with the Securities and Commodities Authority is a keen manifestation of our commitment to work with industry leaders in providing the necessary support for the IFSI. We are delighted to hold the second edition of this workshop in Dubai to emphasise on the paramount importance of digital transformation for IFIs. It is very important for institutions to adapt to the changing landscape and capitalise on the opportunities of technology advancements for enhanced customer experiences and competitive advantage. We are as always, committed to continue spearheading initiatives and activities that raise awareness of the industry’s latest trends and challenges.”

    H.E. Mohammed Khalifa Al Hadari, Deputy CEO of the Securities and Commodities Authority added: “This workshop builds upon the collaboration between the Securities and Commodities Authority and CIBAFI within the framework of the MoU which was signed in 2014. The MoU highlights our commitment to enhance the growth of the IFSI and support digital capabilities in line with global best practices.Technology has become one of the most vital components in the financial sector, and digital transformation is now an urgent necessity for achieving growth and sustainability in IFIs. Through this workshop, we aim to equip participants with the knowledge, capabilities, and necessary tools to develop a successful digital transformation strategy that meets the needs of all stakeholders. This will enable them to attain leading positions regionally and internationally within the IFSI.”
     
    The workshop is attended by a number of senior representatives of Islamic banks and financial institutions, as well as Regulatory and Supervisory Authorities (RSAs). During the workshop, participants will delve into the tools necessary to develop a robust digital transformation strategy that caters to their specific needs and positions them as market leaders. They will also engage with successful case studies from the industry, enabling them to analyse and identify key pillars of success, including leadership, culture, and collaboration.
     
    CIBAFI wishes to thank its Strategic Partner, the Securities and Commodities Authority, its Knowledge Partner, Finastra, and its expert speakers for facilitating the workshop.
     
    The CIBAFI Technical Workshop is aligned with the objective of Professional Development, which aims to enhance capacity building within the Islamic financial services industry (IFSI). These programmes are practical and targeted towards the staff of Islamic banks and financial institutions, regulators, and practitioners. In addition, they aim to engage participants in the discussion on the current environment of the Islamic banking industry.  
    SOURCE:(CIBAFI)
  • 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)

  • World Environment Day: Host Cote d’Ivoire, Africa Development Bank urge collective action to end plastic pollution

    The Bank co-organized this year’s commemoration event with the Ivorian Ministry of Environment and Sustainable Development, the United Nations Environment Programme (UNEP), and the Netherlands
     
    ABIDJAN, Ivory Coast, June 9, 2023/ — Cote d’Ivoire hosted the 50th anniversary of World Environment Day (https://apo-opa.info/3MYYnjN) on the 5th of June 2023, with the African Development Bank (www.AfDB.org) as a core partner for the annual event.

    The Bank co-organized this year’s commemoration event with the Ivorian Ministry of Environment and Sustainable Development, the United Nations Environment Programme (UNEP), and the Netherlands.

    Under the theme, ‘Solutions to Plastic Pollution,’ the event rallied more than 300 people to discuss why Africa should shift towards the circular economy and what the opportunities are.

    Jean-Luc Assi, Côte d’Ivoire’s Minister of Environment and Sustainable Development, restated her country’s ban on the production, import and marketing, possession and use of plastic bags. He said the ban has encouraged businesses to switch to reusable and biodegradable packaging.

    “They are being encouraged. So, let’s all be aware of the need to combat plastic pollution. Let’s act now and all say stop to plastic pollution,” Minister Assi stressed.

    Inger Andersen, UNEP Executive Director, said acting together to end plastic pollution is a major opportunity – particularly for developing countries.

    She said: “If we act with unity of purpose, we can eliminate plastic pollution by 2040. Reduce social, environmental and human health costs. Create hundreds of thousands of new jobs, mainly in developing countries, and new markets and business opportunities.”

    Kevin Kariuki, African Development Bank’s Vice President for Power, Energy, Climate and Green Growth, urged collective efforts in exploring workable solutions to sustainably address plastic pollution, “one of the most pressing global environmental issues of our time.”

    He said the African Development Bank, as the driver of Africa’s development agenda, is well-positioned in promoting initiatives against the continent’s environmental challenges.

    The Bank is implementing programs and special initiatives that contribute to environmental management and sustainability. Two of these are the African Circular Economy Alliance (ACEA) (https://apo-opa.info/3J2U2e9) and the Africa Circular Economy Facility (ACEF) (https://apo-opa.info/3WXU3FW), which aim to promote circularity and sound management of waste – including plastic – in Africa.

    During a panel, Rose Mwebaza, Director of UNEP’s Africa Office, noted that there is no single solution to the plastic pollution crisis.

    “The good news is that all the technological solutions needed have already been invented, with a wave of innovative companies and forward-looking governments joining forces to make plastic pollution history,” she said.

    The African Development Bank led the organization of the Forum of Solutions to Plastic Pollution to help companies to stop plastic pollution in Africa.

    “The solutions already exist,” said Al Hamndou Dorsouma, the Bank’s Climate and Green Growth Manager. “We don’t have excuses! Africa should move to Circular Economy. The future is circular.”
    Distributed by APO Group on behalf of African Development Bank Group (AfDB).
     
  • Message by H.E. Mr. Wavel Ramkalawan on World Oceans Day 2023

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

    08th June 2023

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

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

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

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

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

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

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

    Thank you!

    SOURCE: (STATE HOUSE)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Boosting Africa’s Job Creation and International Tourism

    Boosting Africa’s Job Creation and International Tourism

    Africa’s Top Rated Hospitality Investors due Nairobi

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

     Story: Mohammed Abu

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

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

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

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

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

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

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

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

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

    Peter Greenberg, Travel Editor, CBS News

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

    Pat Thaker, Economist Intelligence Unit

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

    Jameel Verjee, Founder & CEO, CityBlue Hotels

    Catherine Hendry, Principal: Property Finance Africa, Nedbank

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

    Vimbai Masiyiwa, CEO, Batoka Hospitality Group

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

    Trevor Ward, Managing Director, W Hospitality Group

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

    Dupe Olusola, CEO, Transcorp Hotels

    Hamza Farooqui, Founder & CEO, Milat Investments

    Wytze Van den Berg, VP EMEA, BWH Hotels

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

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

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

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

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

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

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

     

     
  • Scaling up Circular Economy Best Practices

    Scaling up Circular Economy Best Practices

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

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

    Story: Mohammed Abu

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

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

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

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

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

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

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

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

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

    World’s Circular Economy Snapshot

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

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

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

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

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

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

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

    Picture: Topias Dean / Sitra

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

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

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

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

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

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

    Visions for a circular future by young leaders

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

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

    Meet top doers and thinkers from all over the world!

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

    Online press briefing on 23 May and accreditation

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

    The speakers of the press briefing include:

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

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

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

    Mediakit and logos

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

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

    Media contacts

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

    Source:(SITRA/Nordic Innovation)