WEF 2024: Here’s what’s on the agenda for Africa
Chido Munyati, Head of Africa at World Economic Forum joins CNBC Africa’s Godfrey Mutizwa for this discussion.
Mon, 08 Jan 2024 15:32:25 GMT
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AI Generated Summary
- The World Economic Forum's 2024 meetings will focus on advancing climate action, strengthening regional and global economies, and addressing frontier technologies like AI.
- The job creation challenge in Africa due to demographic shifts underscores the importance of investing in human capital and leveraging technologies to drive economic growth.
- The Africa Continental Free Trade Area presents significant opportunities for fostering investments, enhancing regional value chains, and supporting economic diversification in Africa.
The World Economic Forum's annual meetings are set to steer conversations around trust and cooperation at a time when global fissures between different regions are becoming increasingly evident. Chido Munyati, Head of Africa at the World Economic Forum, spoke with CNBC Africa's Godfrey Mutizwa about the upcoming agenda for this year's meetings, emphasizing the importance of inclusive dialogue to build trust and drive positive outcomes for people, economies, and societies. Munyati highlighted the three main themes for this year's meetings, which include advancing climate action, strengthening regional and global economies with a focus on job creation, and addressing questions related to frontier technologies like artificial intelligence (AI). The discussions around job creation in Africa are critical, given the continent's demographic shift and the need to create opportunities for the growing population. Munyati pointed out the importance of investing in human capital and digital skills to leverage technologies like AI. He also emphasized the potential of the Africa Continental Free Trade Area (AfCFTA) to drive economic growth and foster investments in critical infrastructure. The World Economic Forum has been mobilizing the private sector through initiatives like the Forum Friends of the AfCFTA to support commitments to deepen regional value chains and enhance economic diversification. Additionally, climate change and its impact on communities and economies will be a crucial topic of discussion, with a focus on sustainable transitions and financing for climate initiatives. The meetings will feature country strategy dialogues, one-on-one discussions with key African leaders, and hosted events by the South African and Nigerian governments to integrate Africa into the program. Overall, the agenda for the World Economic Forum's 2024 meetings aims to foster trust, dialogue, and partnerships to address the pressing challenges and opportunities facing the African continent and the global community.