Africa has a proven gas reserve of over 503.3 trillion cubic feet. Mozambique alone has an estimated 100 trillion cubic feet of natural gas and the Greater Tourte Complex offshore Senegal and Mauritania about 25 trillion cubic feet. Nigeria holds the largest reserves with about 202 trillion cubic feet of natural gas. According to the International Energy Agency, worldwide demand for gas is rising and projected to keep rising at about 1.6 per cent a year for the next five years. Development of this abundant natural gas resource will deliver reliable, affordable energy to customers and create long-term economic value for people across the continent and beyond.
The panel will discuss the world class liquified natural gas project being developed across Africa, the technologies being deployed to bring gas to market faster and the benefits for African countries as it provides a real opportunity for countries to transform into wealthier nations and become major global LNG exporters.
Infrastructure is one of the essential drivers of economic growth and job creation in Africa. However, the cost and complexity of these projects often make them some of the hardest for governments to execute. African countries have heavily invested in the sector over the last two decades which has resulted in increased connectivity on the continent in telecommunications, improved interconnectivity of roads, rail, bridges, ports and airports. The African Development Bank estimates that a minimum of $130-170 billion dollars is needed annually to remove bottlenecks that delay getting goods to markets, based on a conservative growth estimate of 3.7%. With their limited resources and competing interests, African countries can’t sustain the level of investments in the infrastructure sector that will unlock the continent’s trade and industrial potential but can empower private sector’s investment. This plenary will discuss the impact of infrastructure development on the economy; highlight projects with the greatest multiplier effects and best practices in public private partnership.
Over the next three decades, African countries will account for two thirds of the world’s increase in population. While this increase in population offers a tremendous opportunity, it will also exacerbate a broad range of existing challenges. For African countries to manage these challenges, it will be critical to find ways to create large numbers of new jobs, include more people into the formal economy and boost economic growth across sectors and regions. Research has shown that one of the most effective tools African countries can employ is empowering women to be more economically active. Thinking has changed over the last few years from viewing women as a niche sector that should be protected, to understanding that they are in fact a dynamic engine of economic growth. Repayment rates for loans for women-owned businesses exceed 90%, while those for businesses owned by men hover around 30%. Women also tend to be most active in sectors with the greatest potential to increase productivity through capturing greater value-added services and products. This panel will outline some of the current challenges facing empowering women in a variety of sectors and will explore some innovative programs that could be replicated more broadly.
Despite economic growth in African countries and their far-reaching social and institutional reforms, businesses investing in Africa still encounter an inadequate local workforce in bringing their investment to fruition. Capacity building, education and training are essential components of successful, long-term investment strategies in Africa. As Africa’s population is set to rise to two billion by 2050, the need for mechanization, training, service and support for technicians and engineers has significantly increased. Governments are increasingly favoring partnerships with other governments, multilateral agencies and businesses that prioritize technology and knowledge transfer. Multilateral agencies are allocating resources to support private sector development whilst also working with regulators to provide a regulatory environment that will encourage more local and international investments and stimulate growth. Some businesses are doing their part by including a capacity building component to their investments.
This session will focus on the different ways in which private sector and governments are partnering to close the capacity building gap in different sectors.
Africa’s population will roughly double from today’s1.1 billion people to 2 billion by 2030. Africa’s youth and working age population are driving this growth, averaging 2.7% each year, more than double the growth in Latin America and Southeast Asia. McKinsey estimates that by 2025, nearly two-thirds of the 303 million African households will have discretionary income. Given the increasing importance consumer spending plays in African economies, the growth in the size and scope of the consumer market will be an important driver of job creation and economic growth. This panel will highlight companies’ strategies to harness the sector’s potential, recapture and surpass the boom of recent years, offer products that meet local demands, increase industrialization and highlight how they deal with factors that impede growth.
Spending for homeland security in Africa is expected to reach $345 billion by 2022, up from $178 billion in 2010, with significant growth in the sectors of aviation, defense, communication, data, cyber security, counter-terrorism, peacekeeping and logistics.
Though terrorism threats remain a key concern for public and private actors, cyber-attacks have increased at an alarming rate, affecting cloud, traditional, and hybrid networks. Government and businesses are adopting a range of solutions to secure both physical and digital assets. This panel will examine how security actors are tackling changing and new threats.
Digitalization is transforming economies across Africa. Leveraging digital platforms can improve how business is done on the continent, from facilitating increased access to education and healthcare, to improving government services, data collection and retail payment systems/payment infrastructure.
Although Africa has leapfrogged aspects traditional development with technology, there is still considerable room for growth which is hindered by challenges such as infrastructure and policy. Panelists in this session will explore opportunities and consider obstacles for the expansion of digitization as a strategy for economic growth in Africa.
By 2050 the world population is expected to grow to nearly 10 billion. According to the United Nations, Africa’s population alone will rise to 2.5 billion by the same time. However, arable land availability is decreasing due to increased competition from urbanization, industrialization and consequences of climate change. To feed its growing population, African nations need to increase their productivity, implement a better mix of mechanization, water management, data collection and usage. This panel will discuss the impact of data, technology and strategic policies in developing a sustainable agriculture ecosystem that meets the challenges of 21st century Africa.
The Standards Alliance will support the Roundtable on National Quality Infrastructure to Support Trade and Investment. This session will highlight existing national quality systems across the African continent to emphasize their role in supporting trade and investment between the U.S. and Africa. Presentations during the roundtable will include an overview of the standards and regulatory structures in your country including a brief summary of each organization’s role in the quality system. Following this overview, presenters will utilize one example from a recent regulation for a consumer good to demonstrate each stage of your country’s regulatory system. This should include stages of development from a decree/mandate to the finalization of a domestic regulation noting any opportunities for public consultation or comment before and after finalization.
As Africa’s population is forecast to nearly double from today’s 1.2 billion people over the next 30 years, its population will urbanize at faster rates than anywhere else ever before. With several mid-sized countries forecast to continue to grow above 5% per year, Africa’s middle class is forecast to grow beyond its current share of 34% of the population, and consumers will spend an estimated $2.2 trillion on goods and services by 2030. Franchises offer a potentially good solution for countries looking to quickly fill capacity gaps in important sectors as well as food and entertainment, while also offering much needed entry-level jobs and new markets for local suppliers. That said, companies looking to franchise face significant variations in local rules and regulations, and concerns in some countries that foreign competitors will drive out local businesses. Getting the right mix of rules and regulations is critical to strike the right balance and unlock the potential of franchising to support jobs and development in an economy. This panel will discuss several case studies from across Africa and across sectors, offering some suggestions on how countries in Africa can maximize the opportunity to use franchising as a vector to create much needed jobs and stimulate economic growth. Specific suggestions will focus on policy and regulatory issues, as well as capacity and infrastructure issues, and will include steps companies can take to be more effective.
Over 40 percent of businesses cite the lack of reliable power supply as the biggest constraint to their operations in Africa; and some have indeed closed or relocated. Access to affordable modern forms of energy is not only a prerequisite for economic prosperity, but also for local growth and sustainable development. Power Africa in its Transmission Roadmap aspires to mobilize at least $3 billion to install 7,500+ MW of transmission capacity and bring at least 10 priority projects to financial close by 2030. With some countries experiencing over supply of electricity and some underserved, cross border transmission is critical to universal access to power. There is a great need to move power from its generation sources to where it is needed, thereby providing cost efficient supply and enhancing energy security.
The panel will discuss the main challenges to unlocking regional power trade, the benefits of connected countries and the role of all stakeholders including regional power pools, multilateral development partners and private sector investors in making this a reality.
We are in a time where business leaders expect corporate values to translate into tangible returns. This trend towards purposeful Corporate Social Responsibility (CSR) contributes directly to the bottom line by reducing operating costs in the host environment, building capacity and increasing brand value.
Similarly, development organizations’ funding has experienced a drastic slump over the last few years. This has sparked conversations globally on best practices to achieve sustainable and tangible social impacts which also encourage business ventures.
This panel will highlight case studies across the continent. The panelists will discuss how businesses select the causes they commit to, leverage innovative funding mechanisms and strategic partnerships between businesses and philanthropy to achieve sustainability.
As Universal Health Coverage (UHC) takes center stage in Africa’s healthcare industry, many governments are focused on beefing up strategic plans to strengthen health infrastructure and increase public and private sector investments. This panel will explore strategies needed to improve and advance effective healthcare products and service delivery systems to accelerate and increase access to affordable, quality healthcare in Africa. Panelists will discuss successful solutions and partnership models to overcome the industry’s most pressing challenges to UHC, including innovative financing/insurance schemes, improvements to regulatory oversight of healthcare and cost-effective primary healthcare interventions.
Sustainability and corporate social responsibility initiatives are hallmarks of many CCA member organizations that are heavily invested in Africa. In the case of most multinationals, their programs are highlighted by their marketing departments and through media and visible campaigns. There is less visibility, however, for the organizations whose core mission is to provide access to services and resources to some of Africa’s marginalized populations, and which thereby contribute in important ways to a more resilient and sustainable U.S.-Africa partnership – the theme of this Summit. This session will highlight a few of CCA’s member organizations and their initiatives doing good in Africa.
The United States Government has made it a priority to support greater trade and investment ties between American and African companies. This session will update companies on the full range of U.S. Government tools, summarize the Trump Administration’s Africa Policy, and provide the latest update on all the various tools that U.S. Government agencies are bringing to the table. Included will be some of the headline developments, like OPIC’s transformation to the Development Finance Corporation, including an update on the status of its innovative Connect Africa program which focuses on sectors African Governments have identified as priorities, like infrastructure and ICT; updates on the Millennium Challenge Account and its new tools to support cross-border projects; an update on the Department of Commerce’s efforts to identify and reduce barriers to doing business, working with Ghana, Kenya, Ethiopia and Ivory Coast; and the Trade and Development Agency will brief on its exciting programs to support feasibility studies and help open new sectors, including a focus on the digital economy and aviation. A representative of the new President’s Advisory Council on Doing Business in Africa will provide a private sector view of these efforts. This panel will provide an ideal opportunity for American and African companies to get the latest updates on all of these programs and how they interact with each other, as well as to ask important questions and suggest areas of focus to the officials most directly involved in implementing these programs.
The creative economy generated nearly $2.25 trillion globally (in 2015), with Africa accounting for less than 3 percent of its global revenue. Financial constraints and nascent infrastructure in the continent’s creative industries have confined production of creative content to a small scale. Nonetheless, Africa’s creative industries, including music, film, and fashion have entered a dynamic new phase with the emergence of digital technology, which is driving innovation in the production of content across the continent. This panel will discuss the innovative initiatives and models fast-tracking the development of Africa’s creative industries, as well as ways to incentivize capital investment and ensure the integration of African content into the global creative industry.
According to WRI Ross Center for Sustainable Cities, a third of all urban dwellers worldwide – 1.2 billion people – lack access to safe and secure housing. Worst affected are lower- and middle-income countries, where cities are growing at a rate so fast that governments are unable to provide services and infrastructure to accommodate new comers. Cities in Africa welcome more than 40,000 people every day, many of whom find themselves without a roof over their heads. In recent years, some African governments, along with supporting multilateral agencies, have prioritized sustainable urban development and affordable housing. Kenya’s housing shortage is estimated at 2 million units, while Nigeria is in need of 17 million units. The soaring demand is being met through initiatives aiming to increase private sector participation. Kenya’s Commander in Chief, President Kenyatta, announced in 2018 as part of his Big Four Initiative, a focus on Affordable Housing; with an objective of building one million homes by 2022, that’s an average of 10,000 units per month. Africa’s housing market presents an excellent business opportunity for developers with the technical and financial strength to construct large-scale projects.
Panelists in this session will address the steps that some governments have taken to partner with the private sector to develop affordable housing sector in a sustainable manner, share best practices and success stories on doing business on the continent.
Many African countries are challenged with the “double burden” of the continuous high prevalence of infectious diseases and the rapid rise of non-communicable diseases. These challenges are amplified by the lack of access to affordable, quality healthcare services and facilities.
Innovations and advancements in technology, medical equipment and public-private partnerships can provide solutions that enable African countries to tackle these critical issues. From electronic medical records to drone delivering life-saving medicine and minimally invasive procedures, innovative solutions are driving advancements in healthcare across the continent. Both the public and private sector are identifying new ways to leverage strategic partnerships that enhance service delivery across the continent. This session will explore successful strategies and new products that address healthcare needs in Africa.
Across Africa, air transport of passengers and cargo supports 6.8 million jobs and contributes $72.5 billion to the Continent’s GDP. Air transportation is a driver of trade as over a third of all global trade by value is sent by air. McKinsey estimates that Africans alone could be buying $75 billion worth of goods and services by 2025. There is a direct link between connectivity and productivity and the panel will discuss how investment in the aviation sector can drive socio-economic transformation in Africa and the future impact on air-travel and trade across the continent if restrictions on intra-Africa travel is eliminated.
The tourism industry continues to be one of Africa’s most critical growth sectors with the potential to significantly increase economic growth and job creation. By 2030, consumer spending on tourism, hospitality, and recreation in Africa is projected to reach roughly $261.77 billion, $137.87 billion more than in 2015. From 1998 to 2015, service exports, including “industries without smokestacks” such as tourism, have grown about six times faster than merchandise exports in Africa, according to Brookings Institute.
In order to successfully leverage the tourism industry, decision makers from the public and private sectors must continue to focus their collective efforts on enhancing the African tourism product. This can be achieved by addressing challenges such as training/skills development and weak infrastructure to increasing private sector investment and the number of international travelers. Panelists in this session will discuss challenges and opportunities for tourism development and best practices for increasing international visitors.
They are game changers, thought leaders, innovators, problem solvers, leaders and drivers of development and growth. They are young leaders both in the public and private sectors. They clearly have a sense of what it is like to successfully operate a business or be a public servant. They know and understand the challenges but still forge ahead bringing much needed change to their communities, governments and corporations. They aim to compete at the global level and set the highest standards. This panel will showcase some of the emerging leaders driving political and economic change on the continent.
While many see the potential for American companies to contribute to Africa’s economic and commercial development goals, the key to realizing this potential is creating more business partnerships between U.S. and African firms. U.S. companies bring world class technology, skills transfer, capital and access to new markets for African partners. African companies bring knowledge of local markets, innovation, entrepreneurialism and access to opportunities. However, questions remain for many firms on both sides of the Atlantic how best to find the right partner on the other side. This panel will feature U.S. companies that are successfully doing business in Africa, including several current and past members of the President’s Advisory Council on Doing Business in Africa (PAC-DBIA). Panelists will highlight the best practices they have used and the challenges they have faced in developing business opportunities in Africa. They will also discuss what they have found most effective in terms of finding local partners, suppliers and offer their thoughts on how to improve American and African private sector collaboration to develop opportunities.
African countries are well on their way to completing the first stage of the African Continental Free Trade Agreement. One of the primary motivations is to increase regional and continental trade integration, which in turn will create significant numbers of new jobs and boost economic growth across the continent. Greater integration and adopting common standards will also facilitate Africa’s development of next-generation technologies in sectors like ICT, advanced manufacturing and services. African governments and companies are keenly aware that they need to be more competitive to join global value chains and attract the FDI they know they need. There is a strong interest in hearing more from American companies about their needs in terms of increasing their investment and partnerships with Africa. The United States is also at an inflection point, with the expiry of the African Growth and Opportunity Act a mere five years away, suggesting that this is a great time to chart what the future of a trade and investment relationship for the coming decades should look like. In short, Africa is - yet again - redefining itself, and looking for more partnerships with American firms. This panel will highlight some of the key themes for the coming years and suggest steps the US and Africa can take to build a better future together.