Published On: Sat, Sep 7th, 2019

WEF Africa Ends In SA With Investments Hopes

The 28th World Economic Forum on Africa has ended in Cape Town, South Africa, producing numerous notable outcomes for investment and partnership.

After three days of intensive discussion, the meeting launched an action plan to tackle the crisis of gender-based violence in Africa, particular South Africa.

The plan was initiated by African Monitor, working with multiple stakeholders and backed by the South African Government.

The plan has three core priorities, which include working with the technology industry to deploy a free emergency response system for women under attack in nine provinces in South Africa.

Another was to support women entrepreneurs as a means of promoting economic empowerment and establishing a fund to help support South Africa’s gender-based violence strategy and action plan.

Other outcomes of the forum include:

The launch of the African Risk Resilience Platform, which combines private-sector resources with those of governments to help countries prepare for climate and disease-related disasters.

The kick-off of an E-Commerce Action Agenda, initiated by the World Economic Forum in partnership with the International Trade Centre, with the aim of promoting cross-border data services in Africa, an industry that could create three million jobs across the region by 2025.

The launch of a new foundation by the African Union, in partnership with the World Economic Forum, to pave the way for the private sector to help build capacity and resources to strengthen health security across the continent.

The launch of an innovation challenge by the World Bank and the Forum, in partnership with African governments, with the aim of finding new ways of using drones across Africa.

The partnership between the Forum and Ghana in implementing the Global Plastic Action Partnership which aims to combine public- and private-sector resources to tackle plastic pollution and unmanaged waste.

This partnership is the first signed with an African country, following an initial partnership signed with Indonesia earlier this year.

Five private sector partners announced $23 million in new pledges for the Global Fund’s Sixth Replenishment (donors include Goodbye Malaria, Project Last Mile, GBCHealth, Zenysis Technologies and Africa Health Business).

The 2019 World Economic Forum on Africa was held on Sept. 4 to Sept. 6 in Cape Town, with the theme: “Shaping Inclusive Growth and Shared Futures in the Fourth Industrial Revolution”.

The meeting convened more than 1,000 regional and global leaders from government, business, civil society and academia to explore new models to help Africa achieve success at a time when technology is creating dramatic economic and societal shifts.

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