Tamoka: GABI-AU partnership to amplify impact of sustainable business practice

The Global Africa Business Initiative (GABI) aims to amplify the impact of sustainable business practices across Africa by leveraging the UN Global Compact's Africa Strategy. The initiative focuses on building a cohort of accountable and ambitious companies that work with the African Union to drive economic growth across the continent. Tolulope Lewis Tamoka, the Chief of Government Relations and Africa at the United National Global Compact, is at the forefront of implementing this strategy. Tamoka explains that the Africa Strategy, spanning from 2021 to 2025, is aligned with the Sustainable Development Goals (SDGs) and the African Union's Agenda 2063. By fostering business opportunities in Africa and collaborating with the private sector, the initiative aims to promote trade and drive economic growth in line with the African Union's agenda. With Africa presenting immense potential for business investment, amounting to 3 trillion dollars, the continent stands as a burgeoning market with opportunities for growth. Additionally, the continent is projected to have one of the largest youth populations by 2050, signifying a chance to leverage this demographic for advancing economic prosperity. One of the key initiatives under GABI is the Unstoppable Africa Forum, which focuses on trade, digital transformation, energy transition, and the creative economy. By convening global stakeholders, heads of states, and business leaders, the forum aims to foster partnerships and opportunities for growth on the continent. Since its inception two years ago, GABI has made significant strides in driving sustainable growth in Africa. With over 3,000 stakeholders convened last year, the initiative has facilitated partnerships and investments in various sectors. For instance, at the recent AUBDS Summit in Ghana, President Nana Akufo-Addo presented a new energy transition plan, attracting high-level stakeholders and investments. Moreover, partnerships such as the collaboration between the African Development Bank (AFDB) and Google to launch a coding center in Africa highlight the initiative's impact in fostering technological growth and innovation among the youth population. Tamoka emphasizes the importance of political will and innovation in achieving sustainable growth. Through platforms like GABI, young entrepreneurs and startups have the opportunity to connect with a global audience, showcasing their innovative solutions and tapping into resources available on the continent. Overall, the Global Africa Business Initiative continues to drive sustainable growth in Africa through strategic partnerships, innovation, and capacity building. With a focus on key sectors such as trade, digital transformation, energy transition, and the creative economy, the initiative plays a crucial role in advancing economic prosperity on the continent.