4th Economy Forum: Bloomberg Convenes 50 African Delegates In Finance, Other Sectors


News Investigators/ The fourth Bloomberg New Economy Forum kicked off on Tuesday in Singapore, convening over 495 participants in both physical and virtual gatherings.

This is contained in a statement by, Ian Gachichio, an Associate Consultant with Portland, a UK based communication consultancy firm for Bloomberg, e-mailed to the News Agency of Nigeria (NAN) on Tuesday in Lagos.

According to the statement, 50 African delegates comprising public and private sector leaders from around the world, are gathering to contribute to new thinking on pathways toward a global recovery as the world reels from the impact of the COVID-19 pandemic.

“The global economic challenges deepened by the pandemic bring a special level of urgency to this year’s New Economy Forum,’’ said Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies.

“The quick transition from COP26 to the Forum gives us a unique window of opportunity and we plan to seize it, by working together to accelerate our recovery in ways that build a stronger, healthier and sustainable economy.’’

The 2021 Forum’s plenary panel sessions and breakout discussions are built around the themes of “Rebuilding the Global Economy, Innovating Out of Crisis” and “Navigating a Divided World”.

The discourse through the Forum will be centred around finance, climate, trade, cities and health.

Also joining from the Forum’s new, innovative group of Bloomberg New Economy Catalysts are Mayor Yvonne Aki-Sawyerr OBE of Sierra Leone, Shamim Nabuuma Kaliisa (Founder and Executive Director of Chil Artificial Intelligence Lab, Uganda), Alloysius Attah (Chief Executive Officer and Co-Founder, Farmerline, Ghana), Nthabiseng Mosia (Co-Founder, Easy Solar, Sierra Leone) and others.

Singapore’s Minister for Trade and Industry, Gan Kim Yong, said: “The Bloomberg New Economy Forum is an important event for Singapore as it brings key government, business and thought leaders together to address challenges of the future, share ideas and discuss solutions.

“Singapore is pleased to host the event here physically despite the pandemic, affirming Singapore’s role as a leading business events capital, and a global node for MICE and businesses.

“The government will continue to support the MICE industry as it adapts and transforms to unlock new value and business opportunities.

“We are working with the Bloomberg team to ensure a safe and fruitful forum’’.

“The Bloomberg New Economy Forum in Singapore will provide a platform for action – not just debate – while also modelling a blueprint for safe, yet highly networked, in-person convening,’’ said Justin B. Smith, CEO of Bloomberg Media and Executive Chair of Bloomberg New Economy.

“We’ve never seen such a sense of urgency among global leaders to get together and mobilise solutions.

“This spirit of collaboration crosses all business segments and, most encouragingly, governments from both developed and developing economies.’’

Included among the more than 300 delegates, hailing from 51 different countries, scheduled to attend the New Economy Forum are Mike Bloomberg (Founder of Bloomberg LP and Bloomberg Philanthropies and former three-term Mayor of New York City), Werner Baumann (CEO of Bayer) and Ian Bremmer (Founder and President of Eurasia Group and GZERO Media).

Others expected are Shou Zi Chew (CEO of TikTok), Stacey Cunningham (President, NYSE Group), Natarajan Chandrasekaran (Executive Chairman of Tata Sons), Sarah Friar (CEO of Nextdoor, Inc.), Yu Liang (Chairman of Vanke), Lee Hsien Loong (Prime Minister of Singapore) among others.

The forum is collaborating with the Singapore Government on protocols to provide a safe environment for its in-person delegates, enabling them to focus on the discussions around the positive work of connecting developed and developing economies, as various global dynamics threaten to exacerbate national rivalries and divisions.

Delegates will need to be fully vaccinated and will undergo mandatory daily pre-event testing.

To ensure a safe environment for the delegates to meet in, necessary measures to ensure health and safety will be applied, including the deployment and use of TraceTogether (TT)-only SafeEntry check-in and mandatory mask-wearing while maintaining one-metre safe distancing between individuals.

The 2021 forum is presented in partnership with Bayer, ExxonMobil, HSBC, Hyundai Motor Company, Mastercard, Tata Sons and Vanke.

McKinsey and Company is the exclusive knowledge partner, and IDA Ireland and the Republic of Panama join as Spotlight Economy Partners, with Singapore as the official host country partner.

NAN reports that Bloomberg Media is a leading, global, multi-platform brand that provides decision-makers with timely news, analysis and intelligence on business, finance, technology, climate change, politics and more. (NAN)


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