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World Economic Forum on Africa Connecting Africa’S Resources Through Digital Transformation

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World Economic Forum on Africa Connecting Africa’S Resources Through Digital Transformation Regional Agenda World Economic Forum on Africa Connecting Africa’s Resources through Digital Transformation Kigali, Rwanda 11-13 May 2016 Contents 3 Preface 4 Co-Chairs 5 Facts & Figures 6 Kigali Highlights 8 Finance and Growth 14 Governance and Institutions 20 Human Development and Entrepreneurship 27 Outcomes 28 Acknowledgements 29 Digital Update 32 Upcoming Meetings World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 Email: [email protected] www.weforum.org World Economic Forum ® © 2016 – All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. REF 150516 Preface Under the theme, Connecting In this context, participants at the Africa’s Resources through Digital meeting debated new approaches Transformation, the 26th World to ignite structural transformation, Economic Forum on Africa convened particularly in the face of the rapid regional and global leaders to discuss technological changes that have the digital economy catalysts to drive potential to create new industries and radical structural transformation, spark inclusive growth. In workshops and strengthening public-private and debates at the meeting, it was collaboration on global and regional clear that the appetite of the Forum’s challenges affecting Africa. The Members and constituents for public- meeting offered them an opportunity private cooperation to solve these to gain insight into the path forward for challenges has never been greater. the continent, and focused on strategic Elsie S. Kanza Head of Africa actions to deliver shared prosperity. Member of the Executive Committee The meeting saw over 1,200 leaders World Economic Forum The meeting took place for the first from business, government, civil time in Rwanda, which has dramatically society, academia and the media, transformed since the 1994 genocide. with over 90 senior government Emerging as a regional high-tech hub, officials, including Rwandan President Rwanda boasts one of sub-Saharan Paul Kagame and eight other heads Africa’s fastest GDP growth rates. It of state. It also included strong is one of Africa’s most competitive representation from civil society, economies and a top reformer in including more than 20 social improving the business environment. entrepreneurs and representatives This noteworthy progress showcases from world-renowned international its evolution as a knowledge economy organizations and institutions such powered by smart policies and as Oxfam International, the United investments. Nevertheless, further Nations Population Fund, International reforms and alliances are needed to Monetary Fund and the World Bank. accelerate development and expand Forum communities were represented socioeconomic opportunities by by 50 Global Shapers, over 70 Young leveraging digital transformation. Global Leaders and 50 Media Leaders, and 50 members of the academic However, Africa’s economic growth community. outlook is under pressure, mainly due to adverse changes in the global The Co-Chairs of the meeting in Kigali economy, and is expected to remain reflect a diverse group of leaders just below 5% this year. As many of from both the public and private the region’s countries improve their sectors. I would like to thank them for investment climate and continue their support before and during the macroeconomic policy reforms, foreign meeting. I would also like to thank direct investment flows are expected the Government of the Republic of to grow, although at a slower pace. Rwanda on behalf of the Forum for Low global prices for major commodity its great support and partnership, exports, currency devaluations and and look forward to continuing this debt sustainability considerations, as into the future. The Forum is grateful well as geosecurity threats that have to its Members and communities for weakened growth in some countries, their ongoing commitment to and underscore the need for economic participation in the World Economic diversification for sustained inclusive Forum on Africa. growth. These were just some of the challenges discussed in Kigali. We look forward to welcoming you to next year’s gathering in South Africa. World Economic Forum on Africa 3 Co-Chairs of the World Economic Forum on Africa Akinwumi Ayodeji Adesina Dominic Barton Tony O. Elumelu President Global Managing Director Founder African Development Bank (AfDB), McKinsey & Company, USA The Tony Elumelu Foundation, Abidjan Nigeria Graça Machel Tarek Sultan Al Essa Founder Chief Executive Officer Graça Machel Trust (GMT), and Vice-Chairman of South Africa the Board Agility, Kuwait 4 World Economic Forum on Africa World Economic Forum Facts & Figures World Economic Forum on Africa in numbers over 1,200 participants 600 business leaders public figures including 9 heads of state and 90 government over 290 women leaders from over 70 countries 50 media representatives World Economic Forum on Africa 5 Kigali Highlights Top Women Innovators Internet for All While Africa’s start-up businesses are gaining Internet For All is a global initiative led by the World scale, more needs to be done to create an enabling Economic Forum to develop models for large- environment to optimize the potential of its women scale public-private collaboration to accelerate entrepreneurs. This was the reason for a Forum internet access and adoption. The first partnership challenge to find Africa’s top women innovators. Five programme will target 75 million Africans in the innovators were selected after meeting the challenge’s Northern Corridor countries of Ethiopia, Kenya, strict criteria. The winners took part in the World Rwanda, South Sudan and Uganda. Efforts to Economic Forum on Africa, where they met other extend the reach of the internet to the 4 billion social entrepreneurs and impact investors, and in sessions relevant to their expertise. people worldwide that are not yet connected will only succeed if a digital ecosystem approach is – Natalie Bitature, Musana Carts, Kampala, Uganda: adopted where access, affordability, skills and The company developed environmentally friendly, content are given equal attention. The Forum has solar-powered vending carts with a price point published a collection of best practices entitled of $400; each cart saves 3,000 tons of carbon Internet for All: A Framework for Accelerating Internet emissions and improves the health of cities by Access and Adoption. The report forms the basis of eliminating pollution from charcoal and kerosene the initiative’s first phase and provides a framework stoves. for governments and businesses to accelerate large-scale internet adoption. Read the report here: – Audrey Cheng, Moringa School, Nairobi, Kenya: This school enables students to gain the skills http://www3.weforum.org/docs/WEF_Internet_for_ needed to compete in the digital economy. Two All_Framework_Accelerating_Internet_Access_ years on, 100% of students have found work, Adoption_report_2016.pdf earning on average 350% more than before they completed the coursework. In addition, the Forum’s Global Shapers community launched a grassroots campaign ahead of the – Lilian Makoi Rabi, bimaAFYA, Tanzania: Offering meeting in Kigali to make the benefits of the internet mobile micro-health insurance for the low-income available to everyone. The #Internet4All campaign and informal sector, bimaAFYA drastically reduces is backed by over 90 Global Shaper Hubs across costs through its completely mobile solution. It Africa. For more information, visit plans to expand to Kenya, Uganda, Rwanda, http://internet4allafrica.org. Nigeria and Ghana in 2017. – Nneile Nkholise, iMED Tech Group, Bloemfontein, South Africa: The group uses additive manufacturing to design breast and facial prostheses for cancer and burn victims; its workforce comprises African women with research backgrounds in mechanical engineering. – Larissa Uwase, CARL GROUP, Kigali, Rwanda: The group is improving people’s health with innovative food products based on sweet potatoes. Agronomist Uwase’s latest innovation, in partnership with the University of Rwanda, is to make spaghetti from the vegetable. 6 World Economic Forum on Africa For session summaries, videos and meeting-related documents, plus Forum insights, visit https://toplink.weforum.org Blended Finance Transforming African Partnership to Boost Agriculture Infrastructure Nearly 300 African and global leaders joined the Grow Africa Investment Forum in Kigali to accelerate The Sustainable Development Investment partnerships and investments in African agriculture. The Partnership (SDIP), a Forum-led initiative, will Grow Africa partnership reported that over $500 million establish a regional hub dedicated to facilitating in new private-sector investments were implemented investment in African infrastructure and development in 2015, bringing the total to $2.3 billion implemented projects. The SDIP Africa Hub, co-hosted by the out of the $10 billion committed by more than 200 Forum and the OECD, will coordinate African African and global companies. In the past year, these regional activities of the initiative. SDIP has been investments benefited 10 million smallholder farmers set up with a mandate to support financing of the and created 30,000 jobs, bringing the total number of UN’s Sustainable Development Goals through jobs created to 88,000 since 2012. The partnership blended finance, which combines
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