World Economic Forum kicks off in Davos

The annual World Economic Forum kicked off today in Davos, Switzerland, marking the beginning of a week-long series of discussions. The event, now in its 55th year, aims to address pressing global issues such as responding to geopolitical shocks, stimulating growth for improved living standards, and stewarding an inclusive energy transition. CNBC Africa's reporters, Palesa Mofokeng and Kenneth Igbomor, provided live updates on the first day's proceedings. The theme for this year's forum is 'Collaborating for the Intelligence Age', focusing on the importance of global collaboration in the face of transformative technologies and the need for skill development to drive future growth. Palesa Mofokeng emphasized the significance of this theme for South Africa's future, highlighting the country's reliance on technology-driven advancements. Similarly, Kenneth Igbomor noted the relevance of collaboration and skill development in Nigeria's post-COVID recovery and efforts to drive new industries. The five pillars of this year's theme include reimagining growth, identifying critical industries, preparing the workforce of the future, safeguarding the planet, and rebuilding trust in a fragmented global landscape. With global leaders convening in Davos, discussions are expected to delve into key issues shaping the global economy and the future trajectory of nations around the world. Notably, South Africa's delegation, led by Sylvia Ramaphosa, holds significance this year, signaling the country's commitment to enhancing its international presence and contributions at the forum. This year's World Economic Forum promises to be an exciting and impactful event, offering a platform for critical dialogue, collaboration, and strategic planning for a more sustainable and inclusive future.