Africa at Davos 2025: Here's what’s on the agenda
Chido Munyati, Head of Africa, World Economic Forum joins CNBC Africa’s Godfrey Mutizwa for this discussion.
Tue, 14 Jan 2025 11:11:47 GMT
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AI Generated Summary
- Discussion on the impact of exponential technologies on societies and industries, focusing on driving productivity, efficiency, and job creation, especially for young people.
- High interest and participation from global leaders, public figures, and companies, with a key focus on Africa's role in shaping the global narrative and advancing its economic agenda.
- Agenda includes sessions on trade integration, technology deployment, climate action, and capital markets to catalyze growth, amidst geopolitical tensions and trade conflicts.
The 55th Annual Meetings of the World Economic Forum are set to take place in Davos next week with the key theme of Collaboration for the Intelligent Age. Chido Munyati, Head of Africa, World Economic Forum, discussed the agenda and the significance of the main theme in a recent interview with CNBC Africa's Godfrey Mutizwa. The focus on the Intelligent Age stems from the context of geoeconomic fragmentation, geopolitical polarization, and the rapid deployment of exponential technologies such as AI, quantum computing, biotech, and biohealth.
The forum aims to address how these technologies will impact societies and industries, driving productivity, efficiency, and new job opportunities, particularly for young people. Moreover, leaders will deliberate on reinventing collaboration in a time of low growth and high interest rates to tackle systemic challenges like climate change and responsible AI deployment.
The high level of interest in the forum is evidenced by over 360 public figures including heads of states and ministers from 150 countries, as well as more than 1,000 companies participating. Notably, President Ramaphosa of South Africa will outline the G20 presidency's strategy to elevate African interests globally.
The agenda for the event includes discussions on trade and integration with a focus on the Africa Continental Free Trade Area (AfCFTA) to foster intra-Africa trade and create job opportunities for the continent's burgeoning youth population. Sessions will also cover technology, responsible AI deployment, climate action, and Africa's emergent leadership in shaping the global narrative.
The session 'Africa, fast and young' will address the continent's economic growth, job creation, and leveraging the youth dividend to drive domestic consumption. President Masisi of Botswana and Secretary General Mene will provide insights on realizing Africa's economic potential through strategic frameworks like Agenda 2063 and the AfCFTA.
Capital markets' role in catalyzing growth will be explored, with input from the CEO of the Johannesburg Stock Exchange. The forum aims to harness discussions on policy proposals and industry trends to foster collaboration, particularly in a world marked by trade tensions, divisions, and conflicting ideologies.
In an era when global partnerships are crucial for economic prosperity, the World Economic Forum serves as a vital platform for dialogue and coordination among diverse stakeholders. The forum's history of facilitating impactful negotiations, such as the end of apartheid in South Africa, underscores its significance in driving positive change amid geopolitical challenges and shifting global dynamics. The upcoming event in Davos presents a critical opportunity for leaders to deliberate on innovative solutions and collaborative strategies to navigate the complexities of the Intelligent Age and achieve sustainable growth and development.