Inequality is detrimental to Africa’s growth – Oxfam
The World Economic Forum on Africa (WEFA) taking place in Durban till Friday shows that South Africa continues to be a gateway to the rest of Africa, says Finance Minister Malusi Gigaba.
During a roundtable discussion on “blue economies” South Africa’s Environmental Affairs Minister Edna Molewa shared lessons on how African nations can utilize water resources, such as rivers and oceans, as pathways to reach markets and also use them to create more economic opportunities.
Several films have been confirmed including International Emmy Award Winning Director Rehad Desai’s The Giant is Falling, which will premiere in Durban at the People’s Economic Forum.
Unlocking industrial activity and intra-Africa trade, as well as growing Africa’s share of global trade is crucial for continental development, in his view.
The South African President noted many African youths lack rare skills which makes them unemployable.
Dozens of activists are demanding that delegates who are now attending the World Economic Forum on Africa be sent home in the same manner that President Jacob Zuma was during Monday’s May Day rally. These thoughts lead into this year’s theme of responsive and responsible leadership.
President Edgar Lungu will be accompanied Minister of Commerce and Industry Margaret Mwanakatwe, Minister of Energy, David Mabumba and Presidential Affairs Minister, Freedom Sikazwe.
The Africa Competitiveness Report combines data from the Forum’s Global Competitiveness Index (GCI) with studies on employment policies and city competitiveness.
Mr Mwamba said the President is among regional leaders that include President Jacob Zuma as host; SADC chairperson, King Mswati III of the Kingdom of Swaziland; President of Mozambique Filipe Jacinto Nyusi; President of Uganda Yoweri Museveni; and President of Namibia Hage Geingbo, among others. The forum met in Pretoria on 3 May 2017 where the circular economy was also discussed amongst other issues of mutual interest.
Past year the focus was on how Africa can benefit from the massive technological changes happening in the world – termed The Fourth Industrial Revolution.
The meeting has on its agenda initiatives for economic growth and social inclusion, digital economy and society, education gender and work, food security and agriculture, environment and natural resource security, health and healthcare and long-term investing and infrastructure.