Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News January 21, 2014 at 03:04PM

this blog is spored BY reflex Eco Group

VENTURES AFRICA – Today, the World Economic Forum (WEF) kicks off in Davos. Apart from WW II and the Cold War is there ever a more critical time for social inclusion, politics and the economics of business?

The annual meeting in Davos attracts some of the most influential persona from all spheres of society, business and politics. More than 2,500 participants from almost 100 countries representing business, government, academia and civil society will participate in the World Economic Forum Annual Meeting 2014.

At this years Forum the Co-Chairs are:

– Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria;

– Kris Gopalakrishnan, President, Confederation of Indian Industry (CII) and Vice-Chairman, Infosys, India;

– Jiang Jianqing, Chairman of the Board, Industrial and Commercial Bank of China, People’s Republic of China;

– Joseph Jimenez, Chief Executive Officer, Novartis, Switzerland;

– Christophe de Margerie, Chairman and Chief Executive Officer, Total, France;

– Marissa Mayer, Chief Executive Officer, Yahoo, USA; and Judith Rodin, President, Rockefeller Foundation, USA.

Participants include more than 30 heads of state or government and more than 1,500 business leaders. Some leading personalities who will participate in the Open Forum are:

– Kofi Annan, Chairman, Kofi Annan Foundation, Switzerland; Secretary-General, United Nations (1997-2006)

– Peter Brabeck-Letmathe, Chairman of the Board, Nestlé, Switzerland

– Didier Burkhalter, President of the Swiss Confederation and Minister of Foreign Affairs

– Angel Gurria, Secretary-General, Organisation for Economic Co-operation and Development (OECD), Paris

– Joseph Jimenez, Chief Executive Officer, Novartis, Switzerland

– Martin Schulz, President, European Parliament, Brussels

– Martin Sorrell, Chief Executive Officer, WPP, United Kingdom

– Peter D. Sutherland, Chairman, Goldman Sachs International, United Kingdom

– Jasmine Whitbread, Chief Executive Officer, Save the Children International, United Kingdom

– Muhammad Yunus, Chairman, Yunus Centre, Bangladesh

This year’s Annual Meeting convenes with the world at a critical juncture and heading for a zenith, as sustained subsidence of short-term economic crises gives way to a profound need for further structural reforms in emerging and developed markets, and international relations continue to be disrupted by an increasingly multi-polarised world.

The Agenda will focus on key issues, instrumental to global development, embracing;

  • Disruptive Innovation:
  • Inclusive Growth:
  • Society’s New Expectations:
  • A World of 9 Billion:

The widening equality gap should take centre stage. The old saying, “It is religion that keeps the poor from killing the rich” comes to mind. If not religion then something has to and some things has got to give. 85 of the world’s richest have as much money as the 3.5 billion poorest people on the planet – that is half the Earth’s population.

If we consider that all the uprisings have been against rich oppressors and major labour strikes have been at some of the richest mineral companies, it figures that the pendulum can tilt to balance in favour of the poor – as they chose.

The effect can lead to economic slowdown, loss of domestic income, loss of business revenue, stagnant business growth, loss of investment in growth strategies and a continued widening of the inequality gap.

Richard Quest last night also iterated the compulsive need to address the inclusivity of women. As Richard Quest pointed out, only 1 in 7 of participants at the 2014 WEF are women.

Right through all of society, do woman experience the struggle to increase the number of even the most talented woman within the economic mainstream – at any level.

A critical focus will also be on the lack and shortage of leadership values that extend towards furthering these goals.

Given the complexities of the challenges faced, one thing is for certain, we should be grateful for the platform of the WEF. However, given one of the most critical items – inequality, the platform as it stands basically calls on the super-rich represented at the WEF to decide on the solutions themselves – not withstanding that many of these complexities were cause by companies they represent.


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