From soil to success, NARDI’s triumph has played a key role in the enhancement of Botswana’s agricultural renaissance.&nbsp;



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<h2 class="wp-block-heading" id="h-now-is-the-time-to-invest-in-botswana-s-agricultural-sector-and-partner-with-nardi-for-impactful-growth-professor-julius-r-atlhopheng-ceo-of-nardi-headshot-provided">“Now is the time to invest in Botswana’s agricultural sector and partner with NARDI for impactful growth.” &#8211; Professor Julius R. Atlhopheng, CEO of NARDI (headshot provided) </h2>
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At the forefront of Botswana’s agricultural landscape stands the National Agricultural Research and Development Institute (NARDI), a beacon of innovation and progress under the leadership of Professor Julius R. Atlhopheng. From pioneering research to sustainable practices, NARDI’s endeavors are reshaping the agricultural sector while fostering inclusive growth and economic development.&nbsp;



Atlhopheng commenced the discussion by reflecting on NARDI’s inaugural year, emphasizing the importance of laying robust foundations for sustainable growth. “We focused on establishing a performance management system to optimize human capital and foster a culture of excellence within NARDI,” he explains. Additionally, NARDI prioritized financial sustainability and stakeholder engagement, recognizing them as fundamental pillars for driving meaningful change. “The development of an investment policy and a knowledge management policy was crucial in ensuring efficient operations and fostering collaboration with stakeholders,” he adds.&nbsp;



In its formative year, NARDI also prioritized technology transfer and commercialization frameworks to enhance the agricultural sector’s commercial viability. Atlhopheng stressed the need for an integrated approach, saying, “We developed an integration framework to align&nbsp;



research and development efforts with technology transfer and commercialization initiatives, promoting synergy across all functions.”&nbsp;&nbsp;



As NARDI enters its second year, Atlhopheng outlined plans to revamp systems for enhanced service delivery and align policies and strategies with the institute’s overarching goals. “We are updating our policies and strategies to ensure alignment with our vision and foster greater coordination among stakeholders,” he says. This strategic realignment aims to maximize NARDI’s impact and efficacy in driving agricultural transformation across Botswana.&nbsp;



NARDI’s commitment to agricultural commercialization includes a wide range of methods targeted at increasing Botswana’s agriculture sector’s economic viability. Building on Atlhopheng’s emphasis on inclusion, the institution has implemented adapted programs to meet&nbsp;



the diverse requirements of many social groups. A critical component of this strategy is offering aid and resources to small-scale farmers and underprivileged groups, encouraging them to actively participate in commercial agricultural activities.&nbsp;



NARDI provides farmers with the information and resources they need to increase production and improve crop quality via targeted capacity-building efforts and access to cutting-edge technologies. This includes research into seed technology, organic fertilizers, and precision agriculture, which not only improves yields but also lowers input costs and environmental effects. NARDI advocates for the use of sustainable farming practices, which not only increases the profitability of agricultural businesses but also ensures the long-term viability of Botswana’s agricultural industry.&nbsp;



In addition to assisting individual farmers, NARDI promotes the development of agricultural value chains and agribusinesses, therefore offering new opportunities for economic growth and&nbsp;



employment creation. By establishing linkages between farmers, agro-processors, and other value chain partners, the institution promotes agricultural product commercialization and market reach. This includes programs aimed at improving post-harvest handling and processing&nbsp;



procedures, as well as attempts to establish market ties and promote value-added goods.&nbsp;



Furthermore, NARDI is actively involved in technology transfer and commercialization initiatives, which help to accelerate the movement of research discoveries and breakthroughs from the lab to the market. The institution promotes the adoption of new technologies and creative practices that improve agricultural production and competitiveness in collaboration with the private sector and industry stakeholders. This includes activities to create and promote agricultural innovations, including improved crop types, pest and disease control solutions, and sustainable farming methods.&nbsp;



NARDI is a beacon of excellence in agricultural research and development, positioned to drive dramatic change in Botswana’s agricultural environment. With an unrelenting dedication to quality and a holistic approach to agricultural development, NARDI is ready to lead Botswana into a new age of agricultural prosperity.&nbsp;

Professor Julius R. Atlhopheng – CEO – NARDI

Botswana’s Transition to an Agricultural Powerhouse

A leader in Botswana’s diamond industry, Debswana has fuelled national growth through smart mine solutions, 5G-ready operations, and significant community investments across its mining sites. 



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“Over 55 years, we have not just mined diamonds, we’ve mined possibilities, and growth for the people of Botswana.”  Andrew Maatla Motsomi, Managing Director of Debswana



As Debswana Diamond Company celebrates its 55th anniversary, its path demonstrates the transforming impact of diamond mining in Botswana. Under the direction of Managing Director Andrew Maatla Motsomi, who took over in June 2022, the firm has continued to prosper, preserving its position as one of the world’s leading diamond producers in value and volume.&nbsp;



Andrew Motsomi’s broad career spans three decades, including major posts at the Reserve Bank and the Bank of Botswana, where he eventually served as deputy governor. His international experience includes a special assignment at the International Monetary Fund in Washington, D.C., which reflects his extensive knowledge of economic growth and policy. Motsomi’s academic achievements include a Bachelor’s degree in Economics and Accounting, a postgraduate Diploma in Economic Development and Planning, and a Master’s Degree in Economics, as well as executive programs from top global schools. 



Debswana’s success is based on its operational excellence and use of cutting-edge technologies. “Debswana operates some of the best mining equipment and technologies globally,” Motsomi says. This dedication to technological innovation is exemplified by deploying the Huawei-enabled smart mine solution at the Jwaneng mine, the world’s first 5G-ready smart diamond mine. This system, which has been in operation since December 2021, improves safety and production by automating and monitoring mining activities in real-time. The eLTE 4G private network is now operational across all Debswana mines, including Orapa, Letlhakane, and Damtshaa, providing the steady and dependable connectivity required for contemporary mining operations.&nbsp;



Debswana has been bold in adopting technology over the years, having been the first mining company to set up and operate an automated, fully integrated sorting house over two decades ago.&nbsp;



Debswana’s contribution to Botswana goes well beyond mining. It has been at the heart of the country’s economic growth, contributing significantly toward GDP, foreign exchange reserves, and government revenues. The money earned from diamonds has helped in the construction of schools, hospitals, roads, and other amenities. “Earnings from diamonds, mainly from Debswana, have been key in advancing critical infrastructure, job creation, education, and healthcare services in Botswana,” says Motsomi.&nbsp;



The company’s dedication to community development is substantial and dates back to the early 1970s, when the company started its community donations program, as it was called back then. Since 2019, Debswana has committed over P200 million (US$14.9 million) to clinics, classrooms, roads, and sports development, amongst others. It has introduced over 1,800 female students to STEM, resulting in a new generation of innovators. Debswana has also designated more than 54,500 hectares in Orapa and Jwaneng as biodiversity sanctuaries, providing habitat for thousands of plant and animal species. “Our hospitals in Orapa and Jwaneng care for more than 200,000 patients annually,” Motsomi says, emphasizing the company’s all-encompassing commitment to community welfare. 



Sustainability is important to Debswana’s business strategy. The corporation is concentrating on human elements in safety, mine closure planning and restoration, conservation tourism, and strengthening its social and governance systems. “Debswana will maximize opportunities for sustainable investments, ensuring that sustainability remains integral to our business strategy,” Motsomi says. This commitment guarantees the firm retains its social license to operate and satisfies stakeholder and consumer expectations for diamond equality.  



Debswana celebrates its 55th anniversary by reflecting on its important achievements and milestones. The corporation intends to connect with the community and stakeholders through a variety of activities, emphasizing its historical contributions to Botswana’s growth. “We will be sharing Debswana’s story with Batswana and encouraging them to share their diamond stories,” Motsomi says. This commemoration is about more than simply reflecting on the past; it is also about drawing inspiration for future strategic directions.&nbsp;



Debswana’s journey demonstrates the prospects of locating key investment hubs in Botswana. “Botswana provides peace and stability to its nationals and investors; hence, it is the right time to invest in Botswana,” Motsomi says.&nbsp;



As Debswana journeys into the future, it does so with a legacy of success and innovation that blazes with the luminosity of Botswana’s diamonds and the unbreakable spirit of its people.&nbsp;
</blockquote>

Andrew Maatla Motsomi, Managing Director of Debswana

Five Decades of Diamond Innovation and Transformation 

Access Bank Botswana pioneers inclusive finance while empowering communities with innovative solutions. The bank drives sustainable growth, prioritizing trade, SMMEs, women’s banking, and social impact across the country. 



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“The warm reception from the market and stakeholders is humbling yet motivating whilst paving a path for growth and partnership.” Shepherd Aisam, Managing Director of Access Bank Botswana



Access Bank Botswana stands out in the financial services sector, not just in Botswana but across Africa, due to its commitment to social impact, sustainability, and the empowerment of local businesses and communities. Sheperd Aisam, the Managing Director of Access Bank Botswana, embodies this vision through his passionate leadership and dedication to creating lasting positive&nbsp;



change through transformational and long-term partnerships. With a career spanning over two decades in the financial services sector on the African continent, Aisam brings a wealth of experience and a passion for sustainable development that is evident in every initiative the bank undertakes.&nbsp;



At the heart of Access Bank Botswana’s operations is a profound commitment to improving the lives of Batswana at the core, underpinned by wealth creation, growing wealth, preserving wealth, and leaving a lasting impact. Aisam articulates this vision clearly: “In Africa, we should consider articulating our vision more profoundly by uplifting dignity, poverty alleviation, and wealth creation. These concepts guide our efforts in providing affordable housing products,&nbsp;



agribusiness, education sector expertise, and healthcare sector solutions to name a few.” The bank’s initiatives aim to empower Batswana at each level of the ecosystem, with a particular focus on SMMEs to facilitate trade, payments, collections, and capital raising, supporting sectoral growth.&nbsp;&nbsp;



One of the bank’s significant projects in 2024 is the launch of its home-grown, tailor-made, and affordable housing proposition. Aisam elaborates, “We are dedicated to creating housing&nbsp;



solutions that demonstrate we understand that the housing market in the lower end of the spectrum is underserved.” This initiative not only addresses the housing deficit but also uplifts&nbsp;



communities by providing stable living conditions.&nbsp;&nbsp;



Aisam speaks passionately about the bank’s initiatives to support women, recognizing their crucial role in societal development. “Statistically, women are an anchor in our African communities and more so on financial literacy,” he explains. “By focusing on women-led businesses and financial inclusion, we can drive substantial economic growth.”&nbsp;



Access Bank Botswana prides itself on being a truly indigenous African bank, uniquely positioned to understand and meet the needs of African clients. “We are an African bank that understands the needs of Africans,” says Aisam. “This gives us a distinctive edge in delivering relevant and innovative financial solutions.” &#8211; The bank’s focus on innovation is evident in products like the N’Stakolle Loan and the Salary Advance Loan (digital nano-loan products). These are not only first to market but best in the market and offer unprecedented convenience and accessibility to customers.&nbsp;



One of the bank’s flagship programs, Access Closa, exemplifies its commitment to financial&nbsp;



inclusion. “Access Closa connects with individuals in remote areas, bringing banking services&nbsp;



to their doorstep through over 1,000 agents,” Aisam explains. This initiative ensures that even&nbsp;



the most underserved populations can access financial services, thereby promoting economic&nbsp;



participation and growth.&nbsp;



Access Bank Botswana is part of a larger network that spans continents, including offices in the UK, Hong Kong, and Dubai. This global presence enhances the bank’s ability to facilitate trade and support clients across multiple markets. “Our goal is to create a seamless trade ecosystem that connects Botswana with the world,” Aisam notes. “We support our clients in accessing international markets, thereby driving economic growth and development.”&nbsp;



Access Bank Botswana, under the leadership of Aisam, stands as a beacon of positive change in the realm of finance. The pledge to uphold principles of dignity, social impact, and sustainability elevates the bank as a trailblazer in the industry. By promoting women’s empowerment, driving innovative trade practices, and fostering inclusivity, the bank not only transforms the financial landscape of Botswana but also contributes to the broader economic growth of Africa.&nbsp;
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Sheperd Aisam, Managing Director of Access Bank Botswana

In Innovation, Social Impact, And Financial Inclusion 

Penresa had an insightful conversation with His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President of the Republic of Botswana, discussing the nation’s unparalleled management of its diamond deposits, elevating it to an upper-middle-income status, and its commitment to sustainable energy, among other ongoing initiatives.



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“I don’t know of any country that presents the geopolitical stability that we do. Stability comes along with predictability.” H.E. Dr. Mokgweetsi Erickeabetswe Masisi, President of Botswana
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Your Excellency, may you kindly elaborate on your government’s policies and legislation aimed at strengthening Botswana’s economy?



The fundamental prerequisite for success is good governance, and we plan to maintain and build upon the successes of my predecessors. Our commitment is to respond to emerging dynamics,&nbsp; one of which is opening up the economy for fair competition. The role of government is succinctly defined as that of a fair, dependable, predictable, and trusted facilitator for business and investment. We focus on fair distribution of our budget for infrastructure, providing a stable and reliable healthcare system, telecommunications, clean water, waste management, and education. Our policies include promoting enhanced trade, incentivizing key sectors of the economy, and encouraging both domestic and global private sector investment, as we seek to pivot our economy to depend less on natural resources, with emphasis on knowledge and intellectual capital.



What opportunities in the country do you see for investors?



I don’t know of any country that presents the geopolitical stability that we do. Stability comes&nbsp; along with predictability. Stability is not just political. It is also economic and financial. We have a financial model and system that allows any investor, with whatever currency that is tradeable, to bring it into our economy with minimal bureaucracy. We see ourselves as a strategic conduit in the International Financial Service Centre system. Additionally, financial resources are legally



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“Botswana’s story is an amazing one with an economy on an upward trajectory of 1.9 % in the fourth quarter of 2023. Further to this, Standard &amp; Poor’s credit rating for Botswana stands at BBB+ with a stable outlook.” H.E. Dr. Mokgweetsi Erickeabetswe Masisi, President of Botswana
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regulated. Our tax regime of 22% for companies has the potential to be reduced to 5% or even 0% in special economic zones for five years. Look at the state of our infrastructure, security and personal safety, and the skill base of our people, which make Botswana’s business environment competitively compelling. Our warm international relations with other SADC countries and our unwavering commitment to the ideals of the African Continental Free Trade Area Agreement have great potential to expand our small market of 2.65 million people to over 389.4 million people, even up to 1.5 billion. Lastly, our infrastructure provides opportunities for massive investment. Botswana’s current budget for infrastructure totaling P21 billion (US$1.5 billion) is the largest ever since independence. This is for the 2024-2025 financial year alone.



Could you please share insights into your environmental protection initiatives aimed at mitigating the effects of climate change?



Botswana boasts a long history of environmental protection stewardship, reserving 40% of its land mass for wildlife and environmental conservation, as well as implementing appropriate policies to manage waste disposal. We invest in relevant technologies to offset the impact of



negative environmental hazards. We also adhere to regional and international protocols. We have also put together an integrated resource plan that manages and limits the development of any energy source that could result in pollution. More importantly, we have ramped up and continue to review plans to further elevate the net contribution of solar energy as a proportion of our total



energy production. Additionally, we’re investing in the knowledge and innovation space as we strive to build our capacity to produce storage for batteries for solar generation. We have the ingredients, but we are still looking for investors, innovators, and creators so that we can be a solution provider, not only to Botswana but the world. We will continue to invest in research and development to ensure we meet the targets of the Paris Agreement, which aims to limit global



warming to 1.5-2ºC compared to pre-industrial levels.



What makes the people of Botswana unique?



Botswana is a young country with a small population of about 2.6 million people, young also in that we only gained our independence in 1966. We are a youthful population, with young people



under 35 years constituting approximately 60% of our country’s population. However, as a democracy, we are the oldest and arguably the most successful democracy in Africa. Being a Motswana means that you are the embodiment of a certain compendium of values, including a commitment to peace and harmony, consultative dialogue, democracy, and looking out for others. Batswana are unique because they abhor violence, bullying, autocracy, and anything



that abuses trust. Batswana are unique because they embrace other nationalities. I am proud to be a Motswana and would not trade that for anything.



What would you like people to know about Botswana’s history?



Botswana has a rich history that is worth reading, and when you do, you will find values that any peace-loving person globally associates with. Botswana is built on principles of peace and dialogue. We are of the strong conviction that it is always better to jaw-jaw rather than war-war. You find this in our idiomatic expressions, and the narrative of our history is replete with examples of leaders who sought to venture out and speak on behalf of their people and others so that there is peaceful coexistence, social harmony, and non-discrimination. For a very long time, we stood out as an oasis of peace at a time when the Southern African region was reeling under the yoke of apartheid, where racial discrimination and subjugation were institutionalized. We have never experienced war, whether civil or external. We have no known enemies. We intend to have none. Botswana’s story is an amazing one, with a GDP on an upward trajectory of 1.9% in the fourth quarter of 2023. Further to this, Standard &amp; Poor’s credit rating for Botswana stands at BBB+ with a stable outlook. Furthermore, Moody’s credit rating for Botswana was last set at A3 with a stable outlook.



Why would you say that Botswana is the diamond of Africa?



The reason I would say, without an iota of doubt, that Botswana is the diamond of Africa is not only because we are home to the continent’s and the world’s richest diamond deposits, but because we have also managed them exceptionally well. We have not allowed diamonds



to cause us any harm as a people. Our diamonds are for development. We have institutions of governance and robust management controls that, for decades, enabled Botswana to comply with Best Principle Practices. Proceeds from our diamonds go toward national development for the benefit of our people, in terms of impact and wealth. They are mined out of a governance system and structure that is clean and organic in the same way as diamonds themselves were made over 3.3 billion years ago. That is the reason why our diamonds are valuable; they were formed before the dawn of the human race. Our diamonds do not belong to political leadership or any particular



group or tribe; they belong to every Motswana, and that is why we promulgated legislation that promotes mineral wealth for all. Diamonds belong to the state. That is to say, there are no private mines in Botswana. These diamonds are what make us what we are. I know of no country in the world that has used its resources and benefits from diamonds as prudently, as frugally, and as effectively for its people and development as Botswana. So, this title, that Botswana is the diamond of Africa, is most apt. I might even suggest that Botswana is the diamond of the world.



What is your vision for the country’s future?



Botswana is marching forward with a lot of energy and vigor. We are transitioning from a resource-based economy to a knowledge-based economy. We want to trade with our intellectual capital because we are acutely aware that our natural endowments, such as our mineral wealth,



are finite. Our mental capacity, energy, and zeal to solve global problems, combined with a well-structured and managed country that attracts the world’s best minds to generate, register, and patent their solutions in Botswana, is the way to go. I am really glad we are making headway and we continue to attract conferences, meetings, institutions, and the best minds to come and locate in Botswana and thrive. Throughout the remainder of my presidency, this is the direction I want to take my country. I trust that those succeeding me in our democratic system will sustain the trajectory of our country toward prosperity.

President of Botswana approved

Botswana’s Extraordinary Journey to Prosperity

Cornerstone Developments is transforming Ghana’s real estate with energy-efficient, high-end residential properties.



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“Ghana is a very safe place to be, and investing in Cornerstone  Developments is a great investment for anyone looking to bring their money into a thriving, emerging market.” Joe Leslie Obeng-John, CEO and Managing Director of Cornerstone Developments
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In the landscape of Ghana’s real estate sector, Cornerstone Developments Limited has emerged as a premier player, delivering high-quality, luxury properties that set new standards in



the industry. The company, led by CEO and Managing Director Joe Leslie Obeng-John, has built



a strong reputation for excellence over the past decade, with projects that not only elevate the local market but also attract significant interest from international investors.



Obeng-John’s entry into the real estate industry was motivated by a desire to close the gap in luxury lodgings in Ghana. After going to Ghana in 2000, he observed a shortage of high-end residential options. “When I came out looking for somewhere to stay other than a hotel, the offerings at the time were quite limited,” he says. This understanding, along with his expertise in property development in London, prompted him to form Cornerstone Development.



Cornerstone’s portfolio includes a range of notable projects that have made a significant impact on Ghana’s real estate market. The company’s first major project, East Legon townhouses, marked the beginning of its commercial real estate journey in 2013. Since then, Cornerstone has developed over 10 projects, including Noble Square, Nyla Court, Nissi Place, Altitude Residence, and Aura Cantonments. These developments have added over 500 units to the market, primarily focusing on residential properties ranging from multi-unit complexes to individual luxury homes.



One of the company’s main projects, Ava Residence, is now being built in Accra’s airport residential neighborhood. With almost 12 stories, Ava is poised to revolutionize luxury living in Ghana. Although the project is still ongoing, 80% of apartments have been sold out, demonstrating the company’s repute.



Cornerstone Development’s dedication to excellence has not gone unnoticed. The firm has won several honors, including the renowned Ghana Industry CEO honors and the African Arabian Property Awards. Obeng-John owes the company’s success to its meticulous attention to detail, both during and after construction. “For us, it’s not just about creating projects, it’s about what we do after they’re completed. We manage all of our projects and find long-term tenants for our investors, which distinguishes us from other developers,” he says.



In addition to luxury, Cornerstone Developments is committed to sustainability. Obeng-John is deeply involved in every aspect of the company’s projects, from selecting energy-efficient materials to implementing green technologies like solar water heaters and water recycling systems. “For us, it’s very important to try and build efficient homes. We always use low energy- consuming lights and appliances to ensure we’re delivering a better performing product in the space,” he says.



Ghana’s real estate sector is thriving, and Cornerstone  Developments is at the forefront of that expansion. With an emphasis on quality, luxury, and sustainability, the firm is not only changing the face of Ghanaian real estate, but also setting new standards for the sector. Obeng-John says, “Ghana is a very safe place to be, and investing in Cornerstone Developments is a great investment for anyone looking to bring their money into a thriving, emerging market.”



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Joe Leslie Obeng-John, CEO and Managing Director of Cornerstone Developments Limited

Redefining Luxury Living in Ghana’s Thriving Real Estate Sector

<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<h2 class="wp-block-heading" id="h-our-commitment-is-to-respond-to-emerging-dynamics-one-of-which-is-opening-up-the-economy-for-fair-competition-h-e-dr-mokgweetsi-eric-keabetswe-president-of-botswana">“Our commitment is to respond to emerging dynamics, one of which is opening up the economy for fair competition.” H.E. DR. Mokgweetsi Eric Keabetswe, President of Botswana</h2>



The 1960s marked a turning point in Botswana’s history as the country discovered diamonds that would make it one of Africa’s wealthiest in the course of a few years. Over the past six decades, the southern African country produced some of the ten largest diamonds in the world, the latest of which was a massive 2,492-carat diamond &#8211; the second-largest diamond in the world. But Botswana knows ‘diamonds are not forever’ and is pivoting away from relying on the mining industry to a knowledge-based economy, valuing human creativity and innovation. The shift is expected to expand the nation’s GDP from 4.7% to 5.3% by 2036, backed by an Indigenous Knowledge System policy and strategy that the country is currently



developing. President Mokgweetsi Masisi’s government has set its sights on education and skill development, implementing initiatives to improve funding and equip its workforce with relevant skills. “In the past five years, we’ve made significant investments in our education sector. We’re also introducing progressive legislation that will create a conducive environment for Botswana to support and facilitate innovation and embrace technology,” says Diane Mongudi, Acting CEO of the Botswana Digital and Innovation Hub.



According to the 2022 Global Innovation Index, Botswana has climbed the ranks to become the fifth most innovative country on the African continent. The country aspires to become an innovation hub in the region, supporting ICT companies, entrepreneurship, and digitalization, undertaking a significant initiative towards digital governance. In a commitment to enhance citizen access to services, the government has allocated over US$11.8 million to facilitate the online migration of 400 government services. To date, over 170 services have been successfully transitioned to online platforms. “Investing in Botswana offers a wealth of incentives. Lower taxes make it an attractive option, and you can freely repatriate your profits. We also boast an innovation hub with tax holidays ranging from five to ten years, depending on your chosen sector. Doing business in Botswana is now remarkably easy. Company registration takes just two days with a streamlined process. We’re a peaceful country with a strong record of good governance. This stability is especially evident this year, even with national elections approaching in October,” says Serty Leburu, Executive Director of the Botswana Accountancy College.



Botswana envisions an economic leap through the implementation of its Vision 2036 agenda, aspiring to join the ranks of high-income countries in the next 12 years. This transformation plan fuels investment in growth sectors like tourism, agriculture, and technology. Further solidifying this vision, the nation announced a massive 33% increase in infrastructure spending for 2024/25, focusing on water, transport, and energy.



<a href="https://cms.forbesafrica.com/wp-content/uploads/2024/10/PENRESA_FORBES-2024-BOTSWANA_32pags-v_online6_ok-1.pdf">Download full report here</a>
</blockquote>



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In a strategic move to increase domestic production and self-sufficiency, the Botswana government implemented import restrictions on fresh produce in December 2021.



Recently extended to 2025, this policy aims to nudge the population towards entrepreneurship, particularly in agriculture. The government is further supporting this shift



by providing assistance to smallholder farmers. By fostering local production, the country aspires to meet its own food needs and potentially become a future exporter of agricultural goods. This ambition aligns with the country’s pride in being land-linked, not landlocked. Botswana strategically leverages its geographic position to not only benefit its own economy but also contribute to regional development. “Given the recent launch of the African Continental Free Trade Area, we can now envision Africa as a unified trade zone.



This represents a massive market with a combined GDP of US$3.4 trillion, which Botswana is strategically positioned to tap into,” says Andrew Madeswi, CEO of the Botswana Vaccine Institute.



Botswana has a well-deserved reputation as one of Africa’s least corrupt nations. President Masisi has made tackling corruption a cornerstone of his administration. He has implemented a multi-pronged approach, focusing on transparency, accountability, and strengthening the rule of law. This includes promoting ethical leadership and bolstering anti-corruption institutions to create a more robust system for combating graft. Masisi has also shown commitment to environmental conservation and sustainable development. He has supported initiatives to protect Botswana’s natural resources, preserve biodiversity, and mitigate the impact of climate change.
</blockquote>

Gaborone Central Business District

Botswana: Africa’s Best-Kept Secret

Boasting over three decades of service in the food and agriculture industry, Olam Agri processes and manufactures food items that support the growth of the agriculture sector in Ghana.&nbsp;


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<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="382" src="https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-1024x382.jpg" alt="" class="wp-image-62692" style="width:526px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-1024x382.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-300x112.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-768x286.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-1536x573.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Olam-Agri-Logo-CMYK-1-2048x764.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We ensure a consistent and high-quality product and contribute to the growth and prosperity of local agricultural communities.” Amit Agrawal, Country Head of Olam Agri 
</blockquote>



Amidst the ever-pressing demand for high-quality food, Olam Agri is playing a crucial role in the food supply chain across continents, producing grains, oilseeds, edible oils, and rice, among others. The firm’s perennial service has spanned over three decades, with strategic investments in Ghana, Cote d’Ivoire, Nigeria, Cameroon, and Senegal. In Ghana, Olam Agri is engaged in the production, processing, distribution, and export of agricultural products and food items to international markets. “We source rice locally from Ghanaian farmers. We ensure a consistent and high-quality product and contribute to the growth and prosperity of local agricultural communities,” says Amit Agrawal, Country Head of Olam Agri.&nbsp;



After sourcing agricultural products locally, Olam Agri processes grains, rice, and cotton and manufactures value-added products such as flour, pasta, semolina, fortified rice, and animal feeds. The firm transports and distributes these products while deriving cost advantages and managing risks. “We invest in state-of-the-art facilities and leverage our grain processing and nutrition expertise to enhance food security, meet the rising demand for protein and carbohydrates, and create value for stakeholders along the value chain,” Agrawal says. “We are also expanding our capabilities in the natural fiber sector, such as rubber processing and cotton, to drive sustainable agricultural development in Africa.”&nbsp;



The Country Head emphasizes that the company’s diverse portfolio spanning multiple agricultural value chains, including rice and wheat milling, allows it to stay resilient against changing market fluctuations and shifting customer preferences. “Our diversified approach not only spreads risk but also enables us to capitalize on emerging opportunities and adapt quickly to evolving market dynamics,” Agrawal says.&nbsp;



A few years back, Olam Agri in Ghana launched its locally grown and sourced rice brand – Mama Gold, to support the development of rice farming in Ghana and the government’s initiative to boost domestic rice production and processing to promote self-sufficiency as well as improve the country’s foreign exchange potential. “We connect Ghanaian rice farmers to local millers, a critical pillar of our integrated value chain approach to enhance market access and reduce post-harvest losses. Our strategy involves increasing our upport for local paddy farmers by providing them access to modern agricultural techniques, high-quality seeds, and training programs,” says Agrawal. One of the milestones Olam Agri has achieved in Ghana’s agriculture industry is the introduction of fortified rice. “We are the first to introduce a fortified rice brand to the Ghanaian market, enriched with essential vitamins and minerals. This can help combat prevalent nutrient deficiencies, particularly among vulnerable populations,” notes Agrawal.&nbsp;



The firm prioritizes investments in processing facilities, agronomic research, and farmer support programs through its corporate social responsibility projects that contribute to Ghana’s socio-economic development. Rural communities where Olam Agri operates benefit from the firm’s social welfare and economic empowerment programs, which include farmer training, access to finance, and investment in social inf rastructure. “Our “Grains of Friendship” initiative aims to educate bakers on flour production, quality control, and best baking practices to enhance their understanding for better productivity. We initiated “My Healthy Baker” with healthcare experts in our commitment to baker well-being. This program offers free health screenings for over 1,100 bakers and staff in Ghana, with 15 screening sessions conducted since its launch,” says Agrawal.&nbsp;



In response to the pernicious environmental consequences of agriculture, such as deforestation and soil degradation, Olam Agri accords an important value to sustainability. “By implementing techniques such as crop rotation, agroforestry, and integrated pest management, we minimize environmental impact while optimizing yields and ensuring the long-term viability of farming landscapes,” Agrawal says.&nbsp;



Earlier in 2024, Olam Agri was recognized as the Top Employer in Ghana for the 4th consecutive year, demonstrating its compliance with international standards not only in food production but also in human resource management. Olam Agri’s successful track record and longevity in the Ghanaian market demonstrate the firm’s commitment to delivering value and driving sustainable growth.&nbsp;

Amit Agrwal, Country Head of Olam Agri (1) 1

Rethinking the Agribusiness Industry in Ghana

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Ghana National Gas Company excels in constructing and operating natural gas infrastructure, ensuring steady supply, promoting sustainability, and fostering community development.&nbsp;



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
“We are committed to enhancing lives through our energy solutions, ensuring Ghana’s industrial growth and environmental responsibility.” Dr. Ben K.D. Asante, CEO of Ghana National Gas Company 
</blockquote>



Under the leadership of CEO Dr. Ben K.D. Asante, Ghana National Gas Company, or Ghana Gas, is making progress in the energy industry. Dr. Asante’s goal for the firm is clear and ambitious, motivated by a dedication to corporate success, employee advancement, and community benefit. “Our core motivation lies in making a tangible difference,” he adds, emphasizing a comprehensive approach to growth and development. Ghana Gas’ principal mandate is to construct, own, and operate the natural gas infrastructure required for the collection, processing, transportation, and sale of natural gas and its by products. The company’s activities work on a 24-hour basis, ensuring a steady supply of goods such as lean gas, LPG, condensates, and pentane. “We perform operations and maintenance regularly, adhering to stringent health, safety, security, and environmental standards,” Dr. Asante says.&nbsp;



The company’s infrastructure development is robust, with a focus on market diversification and expansion. “Our business development encapsulates daily operations, regular&nbsp; maintenance, and occasional expansion,” Dr. Asante says. This comprehensive approach ensures that Ghana Gas remains a reliable provider of natural gas for both power and industrial applications, supporting the nation’s energy needs.&nbsp;



A cornerstone of Ghana Gas’s operations is sustainability. Dr. Asante highlights the company’s role in reducing Ghana’s carbon footprint by substituting liquid fossil fuels with natural gas. “Using gas for power generation significantly cuts down CO2 emissions,” he says, pointing out that natural gas produces about 1.2 million tons of CO2 per year compared to 8.3 million tons from liquid fuels.&nbsp;



Environmental responsibility extends beyond emissions reduction. Ghana Gas employs measures to capture fugitive emissions and prevent gas leaks, utilizing advanced leak detectors at all processing sites. “Our existence as a company is an environmental safeguard,” Dr. Asante asserts, underscoring the importance of sustainable practices in all facets of their operations.&nbsp;



One of Ghana Gas’s major initiatives is the development of a second gas processing facility. This plant, which is expected to be completed in the first quarter of 2026, will expand the company’s ability to manage growing gas output. “This second plant will boost our power generation and expand industrial applications of gas, including mineral processing and residential heating,” Dr. Asante says. The project also seeks to create nitrogenous fertilizers and compressed natural gas, which will help with agricultural expansion and greener transportation.&nbsp;



Ghana Gas is deeply invested in community development. Through a comprehensive corporate social responsibility program, the company has made substantial contributions to healthcare, education, water and sanitation, and sports infrastructure. “We strive to be good corporate citizens, starting with project- affected communities and extending our support to other regions,” Dr. Asante says.&nbsp;



Innovation is at the heart of Ghana Gas’s operations. The company leverages scientific knowledge for practical applications, promoting secondary uses of gas beyond power generation. “We need to find innovative ways to use gas as a transition fuel to complement renewable energy,” Dr. Asante says, highlighting initiatives like carbon capture and the use of gas for vehicular transport.&nbsp;



Building local intellectual capital is crucial for sustaining the industry. Dr. Asante, who also serves as a university professor, is dedicated to training young engineers and technicians. “Since 2017, our plants and pipelines have been operated by Ghanaians, thanks to our focused training programs,” he says. This emphasis on local expertise not only reduces operational costs but also ensures long-term industry sustainability.&nbsp;



Ghana Gas actively seeks private sector participation and foreign investment. “Our plans are publicly shared to attract potential partners,” Dr. Asante says. One notable partnership is the collaboration with local and foreign companies for the second gas processing plant. “This project exemplifies successful public-private partnerships,” Dr. Asante says, demonstrating the benefits of collaborative efforts in achieving significant milestones.&nbsp;



As Ghana positions itself as a leader in West Africa’s energy industry, Dr. Asante remains confident about the country’s future, stating, “I have high hopes that Ghana will become energy independent and a pivotal energy supplier in the region.”&nbsp;

Dr. Ben K.D. Asante, CEO fo Ghana National Gas Company (1)

A New Era for Ghana’s Economy

Goldkey, a subsidiary of CH Group, keeps redefining excellence in Ghana, driving growth from Accra and beyond.&nbsp;


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<figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="250" height="149" src="https://cms.forbesafrica.com/wp-content/uploads/2024/08/ch-group-logo-250.png" alt="" class="wp-image-62682"/></figure></div>

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<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="708" src="https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-1024x708.png" alt="" class="wp-image-62683" style="width:588px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-1024x708.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-300x207.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-768x531.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-1536x1062.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/BLUE-BPS-1997-2048x1416.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


In Ghana’s real estate realm, few names shine as brightly as Goldkey, a subdivision nestled within the esteemed CH Group. CH Group stands tall as a diverse conglomerate, with investments spanning from oil and gas to property, environmental endeavors, and burgeoning fields like finance and technology.&nbsp;



Under the leadership of Kwaku Bediako, Chairman and Founder of CH Group, the conglomerate embodies a dedication to top-notch quality and pioneering progress throughout its activities. Under the guidance of Bediako, CH Group has cemented its position as a powerhouse in Ghana’s business landscape. Its diverse portfolio encompasses a spectrum of industries, each segment meticulously curated to dominate its respective market. From Base Energy’s exploration endeavors in the oil and gas sector to Goldkey’s pioneering role in real estate development, CH Group’s subsidiaries exemplify a commitment to quality and distinction.&nbsp;



Kwaku Bediako’s leadership ethos resonates throughout CH Group, infusing each subsidiary with a sense of purpose and vision. Mariolla Baffour Asare, Managing Director of Goldkey, acknowledges Bediako’s profound influence, saying, “Meeting Kwaku Bediako for the first time was truly inspiring; I was amazed by the depth of his vision for Goldkey and the entire Group. I knew very quickly that I wanted to join the group because of its exciting road map.”&nbsp;



Ghana’s property market has experienced significant growth over time, with companies like Goldkey playing pivotal roles in shaping the nation’s urban environment. Established in 1997, Goldkey stands out as one of Ghana’s foremost real estate firms, boasting a rich history of remarkable structures that have reshaped Accra’s skyline. Asare underscores Goldkey’s dominance in the industry, saying, “Across all the sectors we operate in, we hold a commanding position in the market. This is a testament to our thoughtful and strategic approach to business.” This commitment to excellence is evident in Goldkey’s extensive portfolio, which includes the largest commercial portfolio in the country and substantial land holdings in prime locations within Accra. 



The company’s commitment to green building standards has gained them distinction, including the IFC’s coveted EDGE Champions award. “Every aspect of our buildings, from&nbsp;



the choice of tiling to roofing, is meticulously chosen with sustainability in mind,” says Asare.&nbsp;



This dedication to environmental stewardship not only meets worldwide standards but also assures the long-term value and resilience of Goldkey’s assets. 



Goldkey’s premier endeavor, Cantonments City, showcases its dedication to fostering community growth. This versatile development revamps the conventional work-play-live concept, culminating in a vibrant urban hub that fosters both economic prosperity and communal unity. “Cantonments City embodies a vision of a city where one can seamlessly integrate work, residence, and leisure, revolutionizing Accra’s landscape,” says Asare. “Once completed, it will be the largest development of its kind right at the heart of Accra.”&nbsp;



As Ghana’s economy continues to grow, Goldkey remains optimistic about the opportunities that lie ahead. Goldkey’s dedication to superior quality, creativity, and societal accountability highlights its transformative impact on Ghana’s property industry. With ongoing expansion and forays into fresh endeavors, investors can trust in Goldkey’s commitment to excellence and contribution to national development.&nbsp;

Mariolla Baffour Asare, Managing Director of Goldkey

The Journey of a Real Estate Powerhouse

Lightwave eHealthcare Solutions has revolutionized Ghana’s healthcare by networking all government hospitals and health centers in the republic, digitizing all  patient medical records, and implementing a real-time early warning system to combat communicable diseases. 


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<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="401" src="https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-1024x401.png" alt="" class="wp-image-62642" style="width:542px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-1024x401.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-300x117.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-768x301.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-1536x601.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/Lightwave-Logo-Outline-2-1-2048x802.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


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“The digitization of hospital records has started through the Lightwave Health Information Management System. We started with the teaching hospitals, and we plan to work in a phased approach to cover every health facility in Ghana. I am sure this will be a welcome innovation for all.” H.E. Nana Akufo-Addo, President of Ghana 
</blockquote>



Samson Djaba (MIS, PMP. CPIC), CEO of Lightwave eHealthcare Solutions, embodies a unique blend of Ghanaian heritage and global expertise. From the bustling streets of London to the vibrant landscapes and corporate corridors of the United States, and back to his native Ghana, he is committed to bridging the gap between cutting-edge technology solutions and the pressing health needs of developing countries.&nbsp;



Djaba was born in Ghana but spent most of his academic years in the UK. He embarked on an academic and professional path that eventually formed his goal to transform healthcare in his own nation. Djaba crossed the Atlantic with his wealth of knowledge and skills after his post-graduate course at the London School of Economics and Political Science to the United States, where he began a long career with prestigious / Fortune 500 companies such as Telecoms &#8211; AT&amp;T, T Mobile, Financial &#8211; JP Morgan, Bank of America, Technology &#8211; McKesson, Lockheed Martin, Healthcare &#8211; Blue Cross Blue Shield of Florida, Kaiser Permanente, and the Centers for Disease Control and Prevention CDC, to mention a few.&nbsp;



Djaba’s interest in leveraging technology to enhance healthcare delivery was awakened while working at these respected organizations, notably at the CDC just after the SARS pandemic. He was stationed at the National Centre for Preparedness and Control of Infectious Diseases, under the auspices of the Division of Global Migration and Quarantine. He reflects on his experiences, saying, “I saw the critical role of health care in ensuring economic prosperity and protecting public health.” The U.S. government’s proactive actions to tackle infectious illnesses have inspired me and given me a strong sense of purpose. 


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Djaba set out on a quest to deliver transformational healthcare solutions to Ghana, motivated by his international experiences and a desire to contribute to the development of his own country. His concept centered on the creation of a complete electronic medical record and patient management system, along with a unique integration of the country’s Disease Surveillance Unit’s disease protocols into the application (the first of its kind anywhere in Africa), in partnership with Ghana’s Ministry of Health.&nbsp;



“Our goal was to usher in a new era of healthcare delivery by digitizing all healthcare facilities in Ghana and establishing a seamless network for the exchange of patient information,” Djaba says. Previously, healthcare data was mostly in paper format, resulting in inefficiencies, inaccuracies, and delays in patient treatment. “Our goal was to use technology to overcome these hurdles and transform the healthcare sector.”&nbsp;



The deployment of Lightwave’s Health Information Management System (LHIMS) represented a watershed moment in Ghana’s healthcare history. Djaba points out, “Our system empowers healthcare professionals with real-time access to comprehensive patient records, enabling informed decision-making and enhancing patient safety.” Lightwave eHealthcare Solutions has improved care coordination in Ghana by digitizing medical information and developing a network of networked healthcare institutions.&nbsp;



Speaking recently during an event held to mark National Health Insurance Scheme (NHIS) Active Month in Tamale in the Northern Region, Vice President Mahamudu Bawumia made the following comments., “Going forward, medical records and the history of patients can be gathered under a single database, which can be accessed by any networked hospital when the patient visits. This digitization effort has increased efficiency, effectiveness, and productivity in service delivery in our health facilities. This is very, very major. What Ghana is doing, we would be the first country in Africa to do it. And in the world, there are only three countries that have done this network. This is taking place under the Lightwave project.”&nbsp;



Looking ahead, Djaba hopes to broaden Lightwave’s products to include national efforts like digital identity systems and integrated pharmacy networks. He highlights the necessity of using technology to address new healthcare concerns and improve service delivery. “Ghana’s pioneering efforts in healthcare digitization position it as a leader in the region,” Djaba says. “Our goal is to not only advance healthcare within Ghana but also to serve as a model for other African nations seeking to embrace digital innovation.”&nbsp;

1X1A0966

Ghana’s Healthcare Evolution

Ghana’s strategic investments and innovative initiatives in digitalization and infrastructure have propelled it to the forefront of African economic growth and stability.&nbsp;



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“Ghana has long been a beacon of democracy on the African continent, and it is our collective duty to safeguard this reputation.&#8221; H.E. Nana Addo Dankwa Akufo-Addo, President of Ghana 
</blockquote>



Ghana’s strategic investments and innovative initiatives in digitalization and infrastructure have propelled it to the forefront of African economic growth and stability.&nbsp;&nbsp;



Ghana is a thriving African hub for innovation and economic growth. Known for its stability and active political processes, the country has drawn foreign direct investment and developed as a pioneer in a range of disciplines, including digitization and technological advancement. The partnership between the government and private sector has borne fruit in terms of substantial development, setting Ghana apart as a model for other African nations.&nbsp;&nbsp;



In the face of global economic problems, Ghana’s economy has shown remarkable endurance and progress. According to Deputy Minister of Finance Stephen Amoah, “Ghana’s GDP growth rebounded to 3.2% in the first half of 2023, driven by strong growth in services and agriculture.” This recovery finds its roots in Ghana’s bold economic strategies, which have helped it steer investments toward key sectors. The administration has prioritized&nbsp; infrastructure development and fiscal discipline, leading to increased economic stability and investor confidence.&nbsp;&nbsp;



Amoah emphasizes that infrastructural development, particularly in Accra, is a key driver of this expansion. “If you move around Accra, you see a lot of development going on,” he adds, underlining the need for both public and private investments. These actions have not only led to more money circulating in the economy but also created a lot of work opportunities, which have uplifted the standard of living for many Ghanaians.&nbsp;&nbsp;



Ghana’s commitment to digital transformation is evident through various initiatives aimed at enhancing connectivity and digital services. Harkirit Singh, CEO of Ascend Digital, outlines their pivotal role in this transformation. “We have revitalized the whole national backbone, going from Accra to Bawku, and made significant investments in national data centers in Accra and Kumasi,” Singh says. These efforts have been crucial in providing reliable and high-speed connectivity to government institutions and the public.&nbsp;&nbsp;



Ghana’s vision of becoming a digital-ready nation involves creating a robust infrastructure that supports economic growth and provides opportunities for all citizens. “The opportunities are here to build further solutions that’ll help Ghana succeed,” says Samson Djaba, CEO of Lightwave eHealthcare Solutions.&nbsp;&nbsp;



Ghana leads Africa in financial inclusion, thanks to its extensive digitization of public services. The introduction of mobile money and other fintech solutions has transformed the industry to such an extent that it makes the services of financial institutions accessible to many. This advancement is elaborated by Nicolas Bourg, Chairman of Telecel, who says, “The success of mobile money applications and other fintech solutions in Ghana demonstrates the country’s capacity for innovation and market responsiveness.”&nbsp;



Digitalization has greatly improved the ability of financial services to take place. This also implies that it is a lot easier for transactions to occur, leading to a positive effect on Ghana’s economy because of formalization. The majority use of digital payments and online banking services has made financial inclusion a practical matter for many Ghanaians, which in turn leads to growth and stability in the economy.&nbsp;



The mining industry is particularly important to Ghana, particularly small-scale production. According to Edward Nana Yaw Koranteng, CEO of the Minerals Income Investment Fund (MIIF), “Small-scale mining contributes up to 40% of Ghana’s total gold output.” This sector not only supports the economy but also provides significant employment opportunities across various regions in Ghana. Efforts to formalize and support small-scale mining operations are essential for sustainable growth. Initiatives aimed at providing training, resources, and financial support to small-scale miners help enhance their productivity and ensure environmentally responsible practices.&nbsp;



A critical objective for Ghana is for the country to become Africa’s first digitally ready nation, with 24/7 access to services for all citizens. Singh sees a future in which Ghana serves as a model for digital change across the continent. He adds, “Our goal is to build a nationwide digital infrastructure that supports economic growth and provides opportunities for all Ghanaians.”&nbsp;



Ghana’s progress toward digitization and economic growth is a result of the government and private sector’s coordinated efforts. “Ghana will continue to be a shining star, not just in Africa, but beyond,” says Victor Yaw Asante, MD/CEO of FirstBank Ghana. The country’s strategic investments and creative efforts are laying the path for a bright future. 



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Accra Skyline

Ghana’s Journey to Becoming Africa’s Digital and Economic Beacon

Ascend Digital pioneers Ghana’s digital revolution, revolutionizing the sphere with initiatives like the Rural Telephony Program, elevating connectivity from Accra to rural Bawku, and envisioning Africa’s borderless digital future.


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<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="653" height="234" src="https://cms.forbesafrica.com/wp-content/uploads/2024/08/ASCEND-DSL_logo_TrueColor-1.jpg" alt="" class="wp-image-62617" style="width:487px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2024/08/ASCEND-DSL_logo_TrueColor-1.jpg 653w, https://cms.forbesafrica.com/wp-content/uploads/2024/08/ASCEND-DSL_logo_TrueColor-1-300x108.jpg 300w" sizes="(max-width: 653px) 100vw, 653px" /></figure></div>


<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
“Our focus is to ignite and create that space where multinationals can see Africa as a place for the next Industrial 4.0 revolution.” Harkirit Singh, CEO of Ascend Digital Solutions Ltd.&nbsp;
</blockquote>



Ascend Digital Solutions, under the leadership of CEO Harkirit Singh, has been spearheading a remarkable transformation in Ghana’s digital landscape since 2021. Singh, reflecting on his journey, highlights the motivating factors driving the company’s success. “We’ve achieved key transformations as part of delivering the digital agenda,” Singh affirms, emphasizing their commitment to enhancing connectivity and infrastructure nationwide.&nbsp;



One of Ascend Digital’s pivotal initiatives has been the Rural Telephony Program, which aims to deploy a robust mobile network across rural areas. Singh says, “We’re revitalizing and regenerating digital infrastructure, ensuring reliable connectivity from Accra to Bawku.” This initiative addresses connectivity gaps and lays the groundwork for socioeconomic development in remote regions.&nbsp;



Moreover, Ascend Digital has made substantial investments in national data centers, fiber infrastructure, and 4G LTE fixed wireless access networks, positioning itself as a leading provider of connectivity solutions to government agencies. Singh says, “We’ve earned credibility from public institutions, facilitating their digital transformation journey.” By onboarding ministries focused on critical sectors like energy, health, and mining, Ascend Digital is leveraging its data centers and cloud infrastructure to drive efficiency and innovation.&nbsp;



Transforming Digital Infrastructure Across Africa&nbsp;



In a groundbreaking collaboration with AT Ghana, Ascend Digital recently completed the E-Transform program, a monumental effort connecting essential facilities like post offices, police stations, and hospitals across Ghana. Singh says, “This initiative, possibly the largest in West Africa, establishes a robust digital infrastructure extending to rural areas.” With a 100-gig backbone and upgraded data centers, Ascend Digital is poised to advance 4G and 5G services nationwide.&nbsp;



Singh outlines Ascend Digital’s overarching mission: “We aim to be a trusted partner in transforming digital infrastructure across Africa.” The company’s strategy revolves around fostering open-access neutral networks, enabling governments to enhance connectivity and drive digital innovation. “We’re not just building infrastructure; we’re creating opportunities for commercialization,” Singh says, underscoring Ascend Digital’s commitment to fostering collaboration with mobile network operators and internet service providers.&nbsp;



Ascend Digital’s strategic partnership with IUDX marks a pivotal moment in harnessing federated data exchange technology across the African continent. Singh says, “What we want to build up is an African- wide platform to establish autonomous federated databases within the countries, and these databases can interoperate and exchange information across countries.” This vision transcends borders, aiming to create a seamless environment for trade, mobility, and economic transactions. “Our vision is to build up a borderless Africa,” he adds.&nbsp;



The company’s commitment to innovation and excellence hasn’t gone unnoticed. Ascend Digital was honored as one of the ‘Most Innovative Companies to Watch 2023’ and received accolades such as the ‘Promoting Public Sector Digital Inclusion Award’ in Ghana. These recognitions underscore Ascend Digital’s pivotal role in driving the region’s digital transformation and socio-economic development.&nbsp;



Central to Ascend Digital’s mission is providing reliable infrastructure and e-government services. Singh highlights the transformative impact of their services, stating, “Before we took over, the availability in the data center was less than 80%. We now see almost 100% availability of these services.” From birth registrations to e-passport programs, Ascend Digital’s contributions have streamlined essential government services, fostering trust and efficiency in digital infrastructure.&nbsp;



Beyond corporate achievements, Ascend Digital is deeply invested in social responsibility. Singh elucidates their efforts in fostering digital literacy and empowering youth, particularly girls, through initiatives like the Geek Africa program. “We are looking at building more skills and capabilities by encouraging and motivating young people to move into the space of technology,” Singh says. By nurturing talent and promoting inclusivity, Ascend Digital is laying the groundwork for a thriving digital ecosystem.&nbsp;



Ascend Digital is poised for expansion beyond Ghana. Singh reveals, “Our success in Ghana is a blueprint for digital transformation in other markets.” With interest from neighboring countries like Senegal and Mali, Ascend Digital is positioned to replicate its achievements and accelerate digital growth across Africa. “We’re ready to partner with governments to leverage our infrastructure and expertise,” Singh says, highlighting Ascend Digital’s role as a catalyst for digital advancement continent-wide.&nbsp;



Singh discusses Ascend Digital’s joint venture with AT Ghana to develop a nationwide optical fiber infrastructure, extending connectivity to previously underserved areas. He highlights the transformative impact of these efforts, saying, “Now we’re bringing that digital currency into places that were never connected before.” From healthcare facilities to post offices and districts, Ascend Digital is bridging the digital divide and enabling access to essential services.&nbsp;&nbsp;



Laying The Foundation for Economic Growth&nbsp;



Ascend Digital Solutions envisions a future where Africa emerges as a hub for software-centric solutions and high-skilled digital jobs. Singh elaborates on their ambitious plans to establish innovation hubs and software service factories across the ECOWAS region, starting with Ghana. “Our target is to build those factories in the next five years to generate approximately 20 to 30,000 jobs in software services,” Singh says. By creating avenues for upward mobility and economic empowerment, Ascend Digital seeks to catalyze Africa’s transition into the forefront of the global digital economy.&nbsp;



The CEO underscores Ghana’s unique approach to digital infrastructure development, citing initiatives such as the rural telephony program and public-private partnerships for national infrastructure. Singh praises the government’s vision and execution, saying, “The way the government has envisioned and the way it has been able to work to deliver those programs through the private sector allows investors to look and come to the economy, which is open.”&nbsp;



Ascend has further deepened its commitment to collaborations by partnering with the Government of Ghana, Nokia, Radisys, Tech Mahindra, and telecom players in Ghana to launch Africa’s first 4G and 5G shared mobile broadband infrastructure. This new joint initiative called Next Gen InfraCo (NGIC) will deliver affordable 5G mobile services to Ghanaians across the country, with plans to extend this across Africa.&nbsp;



Collaborative efforts between the government and the private sector have led to significant investments in Ghana’s digital infrastructure, laying the foundation for sustained economic growth. Recent developments, including the entry of new players like Telecel and ongoing discussions with investment banks, further exemplify Ghana’s appeal to international investors. Singh says, “That shows international investors who are putting a lot of faith in the policies, a lot of faith in the market that exists in Ghana, and investing in that digital infrastructure that allows the economy to grow.”&nbsp;



Singh articulates his vision for Ghana as the first digital-ready nation, where citizens can access services around the clock. He envisions “a 24/7 economy,” emphasizing the importance of building infrastructure that operates beyond traditional working hours. Ascend Digital has been instrumental in realizing this vision, with initiatives like the rural telephony program and establishing national backbone data centers.&nbsp;



Looking ahead, Singh emphasizes the importance of expanding connectivity to schools, judiciaries, and community centers. He envisions the proliferation of community Internet centers, empowering individuals in digital corridors across Ghana. Ascend Digital remains committed to advancing Ghana’s digital agenda, catalyzing innovation, and driving inclusive growth.&nbsp;



Ascend Digital Solution’s journey under Harkirit Singh’s leadership exemplifies a commitment to excellence and innovation in the digital realm. With a focus on bridging connectivity gaps, empowering governments, and driving socioeconomic progress, Ascend Digital is poised to positively shape Africa’s digital future.&nbsp;

Harkirit Singh, CEO of Ascend Digital Solutions Ltd. (1)

Unveiling Ghana’s Digital Potential

Elevating the potential of the small-scale mining industry and spearheading&nbsp; diversification efforts in the mining sector, MIIF is transforming Ghana’s mineral wealth into economic growth.



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“We are one of the fastest-growing soverign wealth funds in the world.” Edward Nana Yaw Koranteng, CEO of Minerals Income and Investment Fund (MIIF)
</blockquote>


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A s a sovereign minerals wealth fund, the Minerals Income and Investment Fund (MIIF) manages the Ghanaian government’s equity interest in mining companies and collects mineral royalties from all mining operations. Beyond the mine shafts of Ghana, the institution holds a profound pan-African vision &#8211; to unlock the full mining potential of the continent. “We are one of the fastest-growing sovereign wealth funds in the world,” says Edward Nana Yaw Koranteng, CEO of Minerals Income and Investment Fund (MIIF), a lawyer with an investment banking background that spans over 25 years. “In October 2021, we had about US$195 million in assets under management. We are now working north of US1.5 billion,” he notes.



Ghana’s small-scale mining industry contributes up to a staggering 40% of the nation’s gold output, surpassing the output of some established gold-producing countries in Africa, a sector the CEO says is often challenged by illegal mining activities. “Ghana’s small- scale gold mining sector employs more than 10% of the Ghanaian population, while large-scale mining employs just below 40,000 in total, which makes the formalization of the small-scale sector imperative,” says Koranteng. MIIF recently launched a small-scale gold mining incubation pilot program to support the formalization of the sector and convert small-scale mining entities into medium to large-scale businesses. The support focuses on corporate governance, provision of capital, a gold production traceability mechanism, and access to the market through the MIIF gold trade desk.



The institution is piloting its support program with 10 small- scale miners, developing the blueprint for a larger rollout. “The full implementation can triple the US$2.4 billion annual revenue from small- scale gold mining in Ghana,” says Koranteng. “Illegal mining slashes our small-scale mining revenue by 40%. The program will tackle this by formalizing the sector. With gold found in almost every region in Ghana, this small-scale focus can unlock nationwide development. It will be the most revolutionary support for artisanal mining in Africa’s history.”



In tandem with its resource development efforts, MIlF is implementing a robust strategy to nurture a skilled workforce within the mining industry. “Ghana loses skilled goldsmiths every year with very little growth in the jewelry industry making end of value addition as seen in non-producing gold countries like the UAE, where Ghanaian gold is crafted into high-end jewelry. To counter this, MIIF is constructing a MIIF technical training center at the University of Mines and Technology with a jewelry-making center to capture more value from Ghana’s gold,” notes Koranteng.



While gold remains Ghana’s golden goose, the Western African country is looking to diversify its mining sector. “Gold represents about 90% of our total revenue in mining, but we have other untapped minerals, such as lithium, barite, graphite, copper, cobalt, uranium, iron ore, and industrial salt, in huge commercial quantities,” notes Koranteng. MIIF has invested in the Ada Songhor Pans salt project, Sub-Saharan Africa’s biggest salt project, under the lead of a Ghanaian company called Electrochem. It is simultaneously leveraging its lithium resources to support the Ghana automobile development plan. “Our focus on lithium is to leverage ts industrial importance to support areas such as battery making, research, and to make Ghana the EV hub of sub-Saharan Africa. We plan to leverage the African Free Trade to make us a proper hub for batteries, solar panels, and cars,” Koranteng says. In a different venture, MIIF is investing in newfound graphite deposits discovered in the northern part of Ghana and will look into the value addition of Ghana’s bauxite reserves to help develop the planned Ghana-integrated aluminum development plan.



MIIF focuses on the entire mining value chain, including the capital markets. “We are working on a gold-backed ETF that will be listed on Ghana’s Stock Exchange. We supported the listings of Asante Gold, where we invested over US$40 million, Atlantic Lithium, for which we are investing over US$32 million, and the same shall be done for the Electrochem salt project. Our small-scale mining program also aims to prepare companies for potential stock exchange listings,” Koranteng says. “We have a vision where we see the likes of at least 10 MIIF in other African countries financing major mines through joint ventures and reducing reliance on Western capital. This model empowers African countries to develop their mining sectors and share best practices. MIIF can help African nations establish sovereign wealth funds focused on mining,” he says. MIIF co-invests alongside investors in the mining sector, thereby reducing risk for investors and forging a path towards a more diversified mining sector in Ghana.



No. 1 Rangoon Lane, Cannon House 1st Floor, Cantonments, Accra Tel.: +233-302750660 <a href="https://miif.gov.gh/">https://miif.gov.gh/</a>

Edward Nana Yaw Koranteng, CEO of Minerals Income and Investment Fund (MIIF)

Envisioning a Ghana Beyond Gold

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Modernizing port operations through automation, digitization, and strategic PPPs.



In the realm of maritime infrastructure, few ventures rival the ambition and efficiency exemplified by Fumba Ports Limited. With a background in civil engineering and a master’s degree in Shipping and Trade Finance, Awadh Ali, Projects Director of Fumba Ports, embodies the fusion of expertise required to navigate the complex terrain of port development and operation. He says, “My experience is intertwined between projects and project financing, handling projects from inception to implementation and full operations.”



At the core of Fumba Ports’ operations lies a commitment to revolutionizing port efficiency and customer experience. As the first private port in Zanzibar, licensed under the latest increase in public-private partnership (PPP) projects, Fumba Ports signifies a beacon of progress in Tanzania’s infrastructure development. Ali underscores the significance of this partnership, saying, “Fumba serves as a very good case study for PPP when the government and private sector work together seamlessly.”



The genesis of Fumba Ports stemmed f rom the necessity to alleviate congestion and inefficiencies plaguing the government-owned Malindi Port. Ali says, “Fumba came in to ease pressure on Malindi Port, thus allowing the economy to stabilize.” Through a strategic focus on automation and technology, Fumba Ports has set a new standard for operational efficiency. “We’ve prioritized automation in our operations, allowing us to efficiently process approximately 600 to 700 TEUs to date, with containers cleared in as little as 24 hours,” Ali says.



Beyond operational prowess, Fumba Ports’ vision extends to future expansion and collaboration with the Tanzanian government. Ali envisions Fumba evolving into a fully- fledged port, catalyzing direct cargo flow and reducing transshipment costs. This, he asserts, will invigorate both Zanzibar and Tanzania’s economies, fostering domestic spending and revenue retention.



In the broader context of Tanzania’s investment landscape, Fumba Ports exemplifies the nation’s allure for investors. Ali highlights the government’s proactive stance in facilitating investments, positioning Tanzania as a premier destination for ventures. “Tanzania right now is the number one investment destination, the government is very facilitative. Tanzania is open for business,” he says.

Awadh Ali, Projects Director of Fumba Ports 1

Infrastructure Development in Zanzibar’s Maritime Sector

Zanzibar Multipurpose Terminal is enhancing port efficiency, fostering economic growth, and facilitating trade expansion.



Nicolas Escalin, the General Manager of Zanzibar Multipurpose Terminal (ZMT), embodies a wealth of experience and dedication to fostering maritime excellence. With a journey that spans various continents and roles within the industry, Escalin’s leadership at Zanzibar Multipurpose Terminal marks a significant chapter in his career.



“Zanzibar Multipurpose Terminal operates under an agreement with Zanzibar Port Cooperation, taking charge of port operations since September 18, 2023,” Escalin says. The company’s primary focus is on enhancing productivity, maintaining infrastructure, and modernizing operations. It handles a diverse range of activities, including container, breakbulk, conventional vessels, local vessels, and the traditional sailing vessel, Dhow, which links the mainland to Zanzibar.



Escalin emphasizes the company’s commitment to continuous improvement rather than listing achievements. “Our focus remains on continuous improvement,” he says. “For instance, we’ve upgraded from one part-time mobile harbor crane to two fully operational ones, facilitating round-the-clock operations.” Rigorous training programs ensure skilled personnel manage operations efficiently, while revamped yard operations optimize ship handling and organizational processes. These efforts have led to increased vessel turnaround, signifying progress. A key milestone is the development of an Inland Container Depot (ICD), enhancing import container handling an unstuffing capacity.



As a vital gateway, the Zanzibar Multipurpose Terminal plays a crucial role in stimulating the economy of Tanzania. “By improving port efficiency, we reduce waiting times and associated costs, facilitating business activities,” Escalin says. Efficient operations promote trade, benefiting sectors like agriculture and construction.



Looking ahead, Escalin envisions Zanzibar Multipurpose Terminal at the forefront of Africa’s transformation. “We aim to empower our workforce, enhance port infrastructure, and uphold service quality to attract shipping lines,” he says. The organization strives to be a light of improvement in the region by cultivating local talent and encouraging international collaboration. Zanzibar’s government has ambitious port infrastructure development plans, and the Zanzibar Multipurpose Terminal hopes to be a key component of this journey.

Nicolas Escalin, General Manager of ZMT2

A Spotlight on Maritime Innovation

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Zanzibar Ports Corporation is redefining maritime activities in Zanzibar.



In Tanzania’s dynamic maritime scene, Zanzibar Ports Corporation (ZPC) stands out as a light of growth and efficiency, driving the development and operation of critical port services in the area. Akif Ali Khamis, ZPC’s Director General, leads these activities, and his innovative leadership has catapulted the business to new heights of excellence. “At ZPC, our mission is clear: to develop and operate port services efficiently with the aim of promoting Zanzibar’s economy,” Khamis says. ZPC was established under the 1997 Act as a reaction to the changing dynamics of global commerce, switching from traditional cargo handling to containerization in the late 1990s. Since then, the corporation has been at the forefront of maritime innovation, orchestrating a holistic approach to port management.


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The Malindi Port, a key component of Zanzibar’s marine infrastructure, lies at the heart of ZPC’s activities. Originally built in the 1920s to service a population of 300,000, the port currently faces the needs of a rapidly growing population of about two million. Recognizing the need for growth, ZPC launched the massive Mangapwani Port project, which aims to alleviate congestion and increase capacity to meet rising market needs.



“Our aim is not just to operate facilities, but to ensure they operate efficiently and economically,” Khamis says, underscoring ZPC’s commitment to enhancing service quality while curbing freight costs. This dedication to excellence is evident in the corporation’s strategic partnerships, including the landmark public-private partnership (PPP) venture with Fumba Port. As Tanzania’s first fully private port investment, Fumba Port epitomizes ZPC’s ethos of innovation and collaboration.



Pioneering a new era, ZPC is primed to revolutionize port management through cutting-edge initiatives. As ZPC continues to push the boundaries of port administration, its effect extends well beyond Zanzibar, stimulating ecmionomic growth and encouraging international cooperation. With visionary leadership at the helm and a persistent dedication to quality, ZPC is well-positioned to manage the ever-changing currents of global commerce.

ZMT – MANGAPWANI

Driving Growth and Efficiency in Zanzibar

Spearheading ferry terminal construction for sustainable socioeconomic growth.


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ZF Devco stands out in Tanzania’s economic scene for its dedication to long-term development and transformational initiatives. ZF Devco was founded with a strong purpose to drive the expansion of Zanzibar’s Blue Economy and support the implementation of President Hussein Ali Mwinyi’s vision for the future of Zanzibar. ZF Devco is currently implementing the construction of a new Passenger and RoRo Terminal at Maruhubi, adjacent to Stone Town, Zanzibar. According to Jaffer Machano, Director and Co-founder and Chairman of ZF Devco, “Our fundamental goal is to grow Zanzibar’s Blue Economy, thereby improving the quality of life for its people.” This enormous project, carried out under a public- private partnership (PPP) with the revolutionary government of Zanzibar, exemplifies ZF Devco’s dedication to generating long-term development while safeguarding the&nbsp; region’s natural beauty, biodiversity, and cultural heritage.



Reflecting on the company’s major achievements, Machano highlights the successful acquisition of a Concessions Agreement for the ferry terminal project. “Securing the PPP agreement was a significant milestone,” he says. With decades of collective experience in PPP projects, Machano and his team bring unparalleled expertise to steer ZF Devco toward realizing its vision.



Matthew VanderBorgh, the co-founder of ZF Devco, emphasizes, “Our project aligns with seven UN Sustainable Development Goals, underscoring our commitment to sustainability.” By improving ferry infrastructure, ZF Devco not only stimulates economic growth but also encourages equal access to economic activities, environmental protection, and community services for all Tanzanians.



ZF Devco’s mission is consistent with bigger programs such as Silicon Zanzibar, which promotes technological development and industrial diversification in the region. “We aim to be a catalyst for positive change, empowering local communities and contributing to the long-term prosperity of Zanzibar,” Machano says.

together

Tanzania’s Blue Economy Renaissance

KCB Bank Tanzania is a forerunner in the shifting financial landscape, handling dynamic transformations in the banking sector and positioning itself as a leader in the evolving industry. Quote: Embracing ‘For People, For Better’ as our purpose, we’re committed to delivering the best service for our clients by staying connected and fostering closeness.” Cosmas Kimario, Group Regional Businesses Director and MD of KCB Bank Tanzania. 



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KCB Bank Tanzania has recently achieved remarkable growth, transitioning from a tier-two to a tier-one institution with an asset base exceeding one trillion Tanzanian shillings. Cosmas Kimario, the Group Regional Businesses Director and MD of KCB Bank Tanzania, provides a comprehensive perspective on the bank’s exceptional expansion, groundbreaking transformation, and the evolving dynamics of the Tanzanian banking industry. 



This journey, characterized by deliberate expansions, technological strides, and customer-centric methodologies, not only mirrors KCB’s triumph but also reflects the dynamic shifts within the financial sector of the country.



Kimario underscores KCB’s five-year growth trajectory across diverse metrics, encompassing assets, clientele, and the balance sheet. “Our entire business performance has been growing for the past five years,” Kimario says, citing an annual average growth rate of approximately 15%. This ascendancy, he stresses, is a testament to KCB’s strategic dedication to customer satisfaction, encapsulated in its current theme, ‘For people, for better.’



A pivotal facet of KCB’s strategy involves the expansion of its branch network, albeit with a judicious and tech-savvy approach. “We are selectively looking for strategic locations to put branches,” Kimario says.



Currently operating 17 branches, KCB aims to attain 18 branches by the end of 2024, with locales strategically chosen for their economic potential. Kimario emphasizes the crucial role of technology in improving service delivery. 



“Technology aids us in providing services more efficiently,” he says. “Our growth and our success today are also anchored on the turnaround time on how fast we can serve our clients,” he adds. KCB’s commitment to digital financial services, encompassing channels like Mobi, point-of-sale transactions, internet banking, and mobile platforms, has experienced remarkable expansion. 



KCB is dedicated to social responsibility, evident in its extensive Corporate Social Investment (CSI) endeavors. “But again, as our business continues to grow the businesses, we also must continue to look at our people because we need to create employment. We need to make sure that whoever is surrounding us, we contribute to their welfare,” Kimario says.



“That’s why we engage in numerous CSI activities. For instance, we have the KCB Foundation, which supports various initiatives



An excellent example is the ‘2Jiajiri’ program.” He underscores KCB’s commitment to training 5,000 youth this year, covering diverse fields ranging from brick manufacturing to sewing and mechanical skills.



Looking forward, Kimario radiated optimism about the Tanzanian banking sector’s trajectory, underpinned by the nation’s economic expansion and supportive business environment. The transformative path undertaken by KCB is evident in its current position as one of the leading 10 banks in terms of profitability, with Kimario envisioning KCB ascending the ranks to secure a position among the top five banks in the next three to four years, citing the bank’s robust performance, technological strides, and strategic investments. 



The acknowledgment from the market as the “number one most notable regional bank in the country,” according to Kimario, signifies KCB’s influence and accomplishments in the sector.



A key catalyst for KCB’s expansion is the positive outlook on the Tanzanian economy. Kimario conveys certainty about growth possibilities in all sectors, pointing to the encouraging business atmosphere cultivated by the present government. 



“The ongoing government has established a framework that nurtures business expansion, particularly in the private sector,” Kimario remarks. He underlines the significance of policies favoring private sector development and adherence to regulations and encourages foreign investors to partake in Tanzania’s ongoing prosperity. “The business environment in Tanzania is very conducive for anyone to bring their investments. Good government policies, a stable political system, and a very young, growing population are here to support growth,” Kimario says.



As KCB continues to shape the future of the Tanzanian banking industry, its calculated expansions, technological strides, and strategic investments position the bank as a pivotal player in the evolving financial milieu of the country, promising continued success and resilience in the dynamic landscape of the Tanzanian financial sector.

Screenshot 2024-06-21 at 15.52.34

Tanzania: Uniting People, Fostering Prosperity- KCB Bank’s Path to Tanzanian Excellence

Amidst the current climate in the world, Tanzania stands as a haven of peace and one that consistently upholds national unity and social cohesion.



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“We are hopeful that with such unity, we will move to the even higher levels. Let us continue to work hard at it for this to happen,” says H.E. Samia Sululu Hassan, President of Tanzania.
</blockquote>



On April 26, 2024, Tanzania and Zanzibar celebrated the 60th anniversary of the creation of the United Republic of Tanzania through the union of two formerly sovereign States – Tanganyika and Zanzibar.



Under the leadership of the late Julius Nyerere, the first president of Tanganyika – and later on Tanzania – and the late Amani Karume, the first president of Zanzibar, the two countries made a commitment to share their political values and goals.



“The founding fathers of this country set a very strong foundation for peaceful and brotherly coexistence. There are no boundaries when it comes to tribes, religions, or color. This has been one of the greatest achievements made by any African country to sustain this kind of coexistence,” says Abdirahman M Ahmed, Managing Director of Lake Energies.



Through smooth transitions of political power, Tanzania has consistently chosen dialogue, unity, and inclusivity to maintain the country’s stability.



“The world’s shortest war on record was fought between Britain and Zanzibar in 1896, lasting around a mere 45 minutes. Historically, almost every leader of the nation has always preached peace. They have preached ‘Umoja’, which means unity. We are a very peaceful and calm people, which is reflected in our culture, our well-being, and the way we conduct ourselves,” says Hafsa H. Mbamba, CEO of the Zanzibar Commission for Tourism.



The name Tanzania was formed after the historical union of the two countries in 1964. A befitting name; the meaning of the country’s largest city and financial hub Dar es Salaam, translates into ‘home of peace’ in the Arabic language.



“We have more than 100 ethnic groups in Tanzania, which have unique cultures within themselves but we are united by a language which we all speak. We have this sense of being members of a country, not members of an ethnic group,” says Madaraka Nyerere, the son of Julius Nyerere and Chairman of Culture and Development East Africa (CDEA).



Tanzania has never experienced a civil war or any major internal strife since its independence, continuing to promote a culture of peace among its people. “Unlike other countries, it&#8217;s very difficult for someone to ask you what your tribe is in Tanzania. It&#8217;s because the foundation that was built by our founding fathers has made us feel like one. For example, when someone from Kilimanjaro is supposed to start secondary school, they are transferred to other regions, which means they meet with different people. From there, you go to university or national service. While there, you may even find your partner and start a family. That is how the nation is built,” says Nicolaus Shombe, Managing Director of the National Development Corporation.



Tanzania maintains harmony in its political leadership, ensuring that the President and Prime Minister of the country are represented from the Tanzanian mainland and Zanzibar.



“Our leaders have laid a strong foundation to unite the people of the country. We feel that we are more Tanzanians than whatever geographical areas we may be coming from or our religious backgrounds. There is a national unity that has been built on democratic grounds and we have been able to sustain that democratic approach in the way we handle our politics” says Gissima Hanga,



Managing Director of TANESCO.



The current government continues to honor the legacy of peace initiated by the nation’s previous leaders, as Tanzania is often highlighted in the Global Peace Index as one of the safest countries in Africa.



“Our national value is unity and peace. Her Excellency, Dr. Samia Suluhu Hassan has introduced the four Rs, which are pillars for democracy and economic prosperity: reconciliation, resilience, reform, and rebuilding. This means there is no room for friction. Differences are dealt with through reconciliation and reforms focus on development, thinking big, and rebuilding together. Our union is not just a political structure, it is the union of people, which embraces economic and social integration,” says Dr. Venance Mwasse, Managing Director of STAMICO.



Embracing and celebrating tribal diversity and maintaining exemplary social cohesion and national unity, Tanzania continues to be hailed as a beacon of peace in Africa.


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OPENING PICTURE TANZANIA 2024 (2)

Tanzania – A Beacon of Peace and Unity

Maximizing its potential in renewable energy and the automobile industry, Morocco is poised to solidify its position as a hub for sustainability and innovation.



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“Morocco has today become an inevitable destination in the global market,” says His Majesty Mohammed VI, King of Morocco.
</blockquote>



Inside its labyrinthine medieval cities and bustling urban centers filled with colorful souqs that vie for the attention of its visitors, Morocco also holds a distinct allure for investment.



The North African country encourages foreign investment through its six special economic zones, implementing incentives that range from tax exemptions to subsidies for investment-related expenses.



Since the early 2000s, Morocco has introduced three national industrial policies that supported the financing of physical infrastructures in key sectors and the development of the manufacturing sector. One of these policies, the nation’s Industrial Development and Investment Fund, has supported the modernization and development of the industrial sector’s capacity to substitute imported products.



“We have proven as an African country that we can transform, create and manufacture a platform which can compete against other countries in the world and deliver high standard quality products,” says Minister Ryad Mezzour, Ministry of Industry and Trade.



Indeed, Morocco’s products have become globally competitive with the automotive industry gaining traction in recent years. Gradually shifting from assembling vehicles to full-fledged production, the country is now leading the African automotive industry with a production capacity of 700,000 vehicles a year. The sector boasts a high export turnover that surpassed $US 8.7 billion during the first eight months of 2023.



“Morocco has been successful in automobile production and aerospace manufacturing. Today, automotives stand out as one of the highest export value products for the country,” says Tarik Hamane, Acting CEO of MASEN. The automotive sector is supported through free trade agreements signed with the European Union and the United States.



In tandem with its automotive industry success, Morocco is becoming an important player in the production of low-carbon energy to mitigate climate change and build resilience against volatile and expensive energy prices. As one of the first countries in Africa to align economic development with environmental protection, Morocco is proactively engaged in solar and wind energy production, with its Noor-Ouarzazate concentrated solar power complex being the largest in the world.



“Today, the spotlight is on the competitiveness of Morocco’s green energy. In a world transitioning to decarbonization, Moroccan production gains a distinct competitive advantage,” says Mohcine Jazouli, Minister Delegate to the Head of Government. Ranked ninth in cobalt production globally, the element used in the production of batteries for energy storage and wind energy, Morocco also exerts a considerable influence in promoting green mobility through its support to the supply chain.



Internationally, Morocco benefits from opportunities arising in the reconfiguration of global value chains. As manufacturers in Europe broaden their supplier base to diminish supply chain risks, Morocco’s proximity to the continent and its macroeconomic performance have made the country a destination of choice for numerous multinationals to set up plants.



“We are very well connected to different continents, we have a strong banking system, we have stability, we have a young population and the private sector is the main actor in Morocco,” says Mohamed Laghrari, CEO of Al Hoceinia Holding.



Morocco demonstrated its strong commitment to ongoing investment reforms with the introduction of a new investment charter in December 2022. “While direct incentives are crucial, especially in the context of fierce international competition, Morocco’s new investment charter goes beyond framing the main areas of improvement in the business environment and embodying the state&#8217;s commitment to supporting investors, considering them as key agents in the economic revival of the Kingdom. This strengthens investors&#8217; confidence in the Moroccan state as an economic partner,” says Jazouli.



A one-stop shop for investors, the simplification of administrative procedures and the creation of a national investment fund, the new charter contributes to elevating Morocco’s business environment.



The country’s preferential trade agreements with over 60 countries benefit investors by placing a legal framework for investment and reducing trade barriers. The Moroccan government continues to expand its collaborations with other countries.



At the end of 2023, His Majesty King Mohammed VI of Morocco and His Highness Sheikh Mohamad bin Zayed Al Nahyan, President of the United Arab Emirates signed 12 Memoranda of Understanding (MoU), focusing on investment projects and socio-economic development initiatives across diverse sectors.



Morocco’s selection for high-profile international events is also indicative of the country’s favorable standing and its infrastructure capacity that is on par with developed countries.



“Morocco’s stability and strong economic performance has convinced the IMF and the World Bank to organize their annual meetings in Morocco and, more recently, the FIFA Executive Committee to entrust the Kingdom with co-hosting the 2030 World Cup alongside Spain and Portugal,” says Jazouli.



With its potential to contribute to the global transition to renewable energy and its expanding role in the automotive industry, among others, Morocco is charting a course toward global influence.



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Turbine Green Energy Electricity Technology Concept

Morocco: Unlocking Opportunities At The Crossroads Of Continents

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“We are not merely making policy, but are nurturing a legacy of boundless growth and shared prosperity under BeTA (Bottom-up Economic Transformation Agenda),” says Prime Cabinet Secretary and Cabinet Secretary For Foreign Diaspora Affairs, Dr Musalia Mudavadi.
</blockquote>



Kenya, the largest economy in East Africa, celebrated 60 years of independence on December 12, 2023.



In June, during the country’s Madaraka Day celebrations, which commemorate the day Kenya attained self-rule in 1963 – a day that would prove pivotal in its pursuit of independence, President William Samoei Ruto stated that “every Kenya African understood [the first Madaraka Day] to be the beginning of the hard and noble work of securing and enhancing social and economic freedom as well.”



“For six decades now, the people of Kenya have worked hard, with admirable diligence and unwavering determination, to perfect the political freedom of their nation through sustained socioeconomic progress,” he added.



The country, in which GDP is projected to grow 5.6% in 2023 and 6.0% in 2024, according to an economic outlook published by the African Development Bank (AfDB) earlier this year, is considered “a powerhouse within the East African community”.



This was the sentiment from Dr Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign Diaspora Affairs.



“On the global stage, Kenya’s influence has soared, expanding its footprint in international trade, becoming a key member of regional bodies such as the East African Community (EAC), the Africa Continental Free Trade Area (AfCFTA), and forging essential economic partnerships like AGOA with the United States and having an Economic Partnership Arrangement with the European Union (EU),” he tells FORBES AFRICA.



Furthermore, the country is committed to global harmony, underscored by its active participation in the United Nations peacekeeping framework.



“As we celebrate 60 years of independence, these achievements and challenges serve as stepping stones toward a future of even greater promise,” Mudavadi adds.



Solidifying Kenya’s commitment to economic development, in 2022, it exported a total of $7.4 billion, globally.



Approximately, $767 million of this revenue came directly from the country’s 89 Export Processing Zones (EPZs). This year, President Ruto announced new plans to expand this number with an additional five new zones to complement this growth and encourage more foreign investment in the country.



The East African nation’s technology ecosystem also holds immense potential, according to Endeavor Kenya Managing Director, Maryanne Ochola.



“The Kenyan startup ecosystem is nascent and full of promise,” she says, adding, “A number of important events saw Kenya turn the tide. These were the laying of the first undersea internet cable, the launch of M-PESA and the establishment of innovation hubs such as iLab at Strathmore University. These



developments underscore the importance of two key assets – enabling infrastructure and physical spaces for like-minded innovators to convene and exchange ideas.”



Mudavadi also emphasizes “Kenya’s pioneering role in the mobile banking revolution” and concludes: “Our legacy, we hope, will be woven from the threads of unity, determination, the resilient spirit of the African, and a relentless pursuit of a better tomorrow for every African.”



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Leading With A Legacy Of Economic Transformation: Kenya Celebrates 60 Years Of Independence

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“I seek a nation founded on justice, peace, prosperity for all, regardless of religion, region, ethnicity, and class,” H.E. Bola Ahmed Tinubu, President of Nigeria.
</blockquote>



A country with over 200 million people, Nigeria boasts a large consumer market and a thriving startup ecosystem. The West African nation has witnessed a consistent rise in the number of its startups from 2019 to 2023, with over 3,360 startups entering the market in 2022. With funds from local and foreign investors, the startups generated US$565 million in 2023, a 216% increase from the value generated in 2019.



Nigeria is making developmental progress on multiple fronts, including infrastructure. Its largest city, Lagos, launched a new electric-powered 13-kilometer-long metro rail service in September 2023. The metro’s blue and red rail lines are expected to ease traffic congestion in Nigeria’s economic hub. The blue line connects Lagos city with Lagos Island, the central hub for most businesses, while cutting-down the two-hour travel time to only 15 minutes.



“We want to make Lagos an African model mega city that is safe, secure, and resilient. We want it to be a pride of Africa. We will ensure that Lagos embodies everything that a mega city, anywhere in the world could be,” says Governor of Lagos state, Babajide Olusola Sanwo-Olu.



Infrastructure is one of the sectors attracting foreign investment as well as manufacturing, oil and gas, and agriculture. After assuming power in May 2023, Nigeria’s President, Bola Ahmed Tinubu has introduced reforms to enhance the nation’s economic growth by removing a decades-long fuel subsidy and boosting tax revenue. Nigeria is expected to benefit from the current global surge in oil prices, given its status as one of the largest oil-producing nations in Africa.



“The president is trying to create an environment where Nigeria is considered a top investment destination. The oil sector has enormous potential. It has been successful over the years but I think there&#8217;s a lot of unlocked potential. It’s a dollar-denominated sector and the export of oil is a significant source of foreign exchange coming into the country,” says Roger Brown, CEO of Seplat.



According to the World Bank, the reforms being undertaken in Nigeria will propel the nation’s growth to an average of 3.4% between 2023 and 2025. The International Monetary Fund has also projected accelerated economic growth in the West African nation, as the country witnesses positive progress in different sectors including service and agriculture.



“If you look at the FAO data, Nigeria is about the 10th or 11th biggest producer of corn in the world. There are about 13 to 14 million metric tons of corn being produced in the country. I am very happy to see the ambition that the country has set to have a one trillion economy in the next seven to eight years, 50 million jobs focusing on agriculture, revamping monetary and fiscal policy, and pulling 100 million people out of poverty. That’ll make Nigeria become a big non-oil exporter and with a good chunk of GDP coming from agriculture,” says Muyiwa Gbadegesin Country Head and Managing Director of Olam Agri.



As President Tinubu pledged during his campaign, Nigeria anticipates a future of renewed hope. The country is focusing on promoting investment as a means to create jobs. The president has introduced different measures, such as liberalizing the exchange rate to address hard currency-related challenges in promoting trade and investment.



“If this economy is going to grow at the level of GDP that the president anticipates, the various sectors of the economy will have to grow. Financing must be provided largely by the banking sector to fuel the growth. When that happens, if you invest in any segment of the financial service sector, then you are going to reap bountifully,” says Adesola Adeduntan, CEO of First Bank.



Nigeria’s National Development Plan has set an ambitious goal to achieve private sector-led economic growth, which will generate 21 million jobs and lift 35 million people out of poverty by 2025. The World Bank projects that if the current reforms continue, Nigeria will be able to improve its business environment and create robust economic growth.


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An aerial image of the shores of Victoria Island, Lagos

Nigeria: Embracing New Developments For A Brighter Future

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“Changing the economic future of Kenya demands making growth and the creation of opportunities our number one priority.” H.E. William Ruto, President of the Republic of Kenya
</blockquote>



As the fourth largest sub-Saharan economy and the third fastest-growing GDP in the region, Kenya has positioned itself as a major economic power in sub-Saharan Africa. Over recent years, Kenya has adapted its economy to become a manufacturing, logistics, and technology hub.



This diversification forms a solid platform from which the government can generate cross-border economic growth over the coming years. As a land of endless opportunities, one of the main advantages Kenya enjoys is its strategic location in East Africa, serving as a gateway to the African market with a population of over 1.4 billion people. The African Continental Free Trade Agreement (AfCFTA) ensures that Kenya is now better positioned than ever to take advantage of the vast opportunities that the African market has to offer.



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In addition, East Africa is also the fastest-growing region on the continent. &#8220;With DRC joining the East African community, the market is sizable and new opportunities arise. Kenya may not prosper and grow further by just sitting in Kenya, so many companies are now looking into the neighboring markets,&#8221; says Manoj Shah, Owner of Osho Chemical Industries.



With the recent election of His Excellency President William Ruto, the nation is marked by a transformative period with new milestones to push forward Kenya&#8217;s development. Although the Kenya 2030 Vision was enacted by the previous government, it will be enhanced with the new presidency’s measures to create an even stronger, industrializing, middle-income nation. President Ruto is keen on attracting Foreign Direct Investment by enacting business-friendly policies. As part of his manifesto, Kenya Kwanza Plan, the President focuses on five pillars of the economy including agriculture, Micro Small, and Medium Enterprises (MSME), affordable housing, healthcare, and the digital economy. “We intend to give comfort to investors through credible and effective institutions and reactivate our dormant Central Depository investor accounts,” the President confirms.



Kenya boasts a dynamic and thriving private sector, driving economic growth and employment. &#8220;Kenya is privileged to be a private sector-led economy. The Kenya Private Sector Alliance (KEPSA) plays a big role to ensure the interlock between the private sector, government, and development partners,” explains Carole Kariuki, CEO of KEPSA.



The country’s Vision 2030 emphasizes six priority sectors important for the nation&#8217;s growth, one of which is manufacturing. “We have agreed that we need to increase the contribution of manufacturing to GDP from 7.5% to 20% by 2030. That is a threefold increase in growth which is very ambitious,” states Anthony G. Mwangi, CEO of the Kenya Association of Manufacturers.



As a country where only a small portion of the population earns enough to afford a mortgage, Kenya is also working to curb the issue of housing deficits. “We want to build fantastic world-class housing estates at affordable pricing. If you look at Vision 2030, current and previous governments, have been working on infrastructure. It means that people can live a bit farther and get quality housing,” notes Andrew Muthee, CEO of AMG Realtors. Given that there is a growing trend for urbanization and a demand for housing, there’s a vast potential for the real estate industry to thrive in the Kenyan market. “We have a good relationship with Kenya. We know that the country is the best place for investment. It is the economic heart of Africa,” notes Gong Yuxian, General Manager of Avic International Real Estate Kenya.



Sectors poised for exponential growth and investment opportunities are aligned with President



Ruto’s five pillars, where his manifesto priorities agriculture, micro, small and medium enterprises, housing and settlement, healthcare, as well as the digital superhighway and the creative economy, which include software engineering and artificial intelligence.



In Kenya, ICT has been established as the key to growth. As such, President Ruto plans to lay 100,000 kilometers of internet fiber nationwide over five years to ensure Kenya stays on this upward trajectory. Through investments of US $400 million, nurturing ICT talent, supporting education in technology fields, and lowering the cost of the internet, Kenya is poised to be Africa’s new digital hub and a hotspot for ICT. Meanwhile, its tech ecosystem offers an attractive space for entrepreneurs and investors.



President Ruto has stated that one of his government’s central concerns will be climate change and renewable energy, areas in which Africa has the potential and opportunity to lead the world. Kenya’s development is supported by its progress in its energy sector which has a dual objective of providing affordable and dependable power to all and driving Kenya&#8217;s shift towards a low-carbon economy.



“We are looking at the energy transition for the future because our company’s target is to reach full decarbonization by 2050. Based on this target, ENI Kenya and Kenya have found a way to work together because Kenya also plans to have a 32% reduction of its greenhouse gas emission by 2030,” notes Enrico Tavolini, Managing Director of ENI Kenya. As the country continues its journey towards becoming a middle-income nation, its boundless potential and endless possibilities wait to be tapped by potential investors.

Aerial,View,Of,Nairobi,Skyline,With,Light,Trails,During,Sunset

KENYA: Creator Of Opportunity

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“It is our firm belief that domestic and foreign direct investment brings the much-needed capital, technology, management techniques and knowledge of foreign markets,” Hakainde Hichilema, President of Zambia.” H.E. Hakainde Hichilema
</blockquote>



Since the election of His Excellency President Hakainde Hichilema in August 2021, Zambia has become unrelenting in its drive to expand the economy and become a mining and energy hub of Africa. By creating favorable investment policies and business-friendly reforms, Zambia has realigned with international best practices and generated renewed confidence in the investment climate of its mining and energy sectors.



As many nations are facing opportunities in the energy transition, Zambia has worked to position itself to capitalize on the global drive for essential minerals to facilitate these green transitions. These efforts lend to the nation’s dedication to renewable energy resources and have resulted in the ambitious goal to increase Zambia’s copper production to 3 million tons each year. To push this agenda forward, the country’s top copper producer, Canadian First Quantum Minerals (FQM), has finalized a general investment of US$1.35 billion for mining expansion in Zambia, the nation’s largest since the Sentinel project was approved in 2012. This investment includes the US$1.25 billion expansion of the Kansanshi copper mine in Zambia, which was initiated in January 2020.



These investments continue to push forward Zambia’s renewable energy solutions to further support the green transition. Ana Hajduka, founder and CEO of Africa GreenCo, confirms, “Renewable energy in Zambia is an inevitable undertaking owing to the fact that Zambia boasts of significant renewable energy resources such as adequate wind, irradiation, and a well-structured river network backed by good hydrology. This allows Zambia to draw closer to claiming its title as the regional renewable energy trading hub.”



Indeed, around 85% of Zambia’s electricity comes from hydropower, and its potential continues to grow, offering attractive propositions for investors. Zambia boasts the largest hydropower plants, generating almost 2,000 MW combined. Hon. Peter Chibwe Kapala, Minister of Energy, adds, “Renewables are the way forward. By 2030, we should be able to achieve most of the things that are set out in our party manifesto and encourage more private investment.” As the northernmost region of Zambia receives more rainfall, the Ministry of Energy is shifting its focus to emphasize hydropower in the north. Solar energy is another source of renewable energy, as Zambia has solar resources in abundance. Ultimately, the nation’s plan is a balanced and complementary energy mix to eliminate intermittency and offer uninterrupted power generation.



To reach its fullest potential, Zambia relies on its strategic position and interconnectivity with neighboring countries, which offer many opportunities in terms of trade and power generation. Caroline Royer, Managing Director and Country Chair of TotalEnergies Zambia, states, “Some people say that Zambia is landlocked, but others say it is land-linked. There are many countries around and many possibilities.” Victor Mapani, Managing Director of ZESCO, adds that interconnectivity is essential for the energy and mining sectors. He says, “You must have interconnectivity with neighbors, and we are in the center. We are land-linked. If we have interconnections with neighboring countries, we can export and import power comfortably. In terms of hydropower, we want to exploit the hydro potential we have. We are very well



positioned with water and now also centrally located.” Through upcoming Memorandums of Understanding, Zambia is set to interconnect with nations such as the DRC, Tanzania, Zimbabwe, Namibia, and Angola.



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Skyline photo of Lusaka city at night

The Mining and Energy Hub of Africa

<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
“We are committed to a modern Botswana that is not only open to but is also able to compete with the rest of the world” – H.E. Dr Mokgweetsi Eric Keabetswe Masisi, President of the Republic of Botswana
</blockquote>



In less than four decades after its independence, Botswana has quickly climbed the ranks from a poor country to an upper middle-income country, proving to be a development success. Setting out a compelling vision for the nation, the government has now introduced Vision 2036, placing strategies to take Botswana even further from an upper middle-income country to a high-income country. “Our National Vision 2036 is anchored on four pillars of sustainability–economic development, human and social development, sustainable environment and governance, and peace and security,” says His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President of Botswana. “If you look at the Standards and Poor rating, I think the short-term rating is A2 and the long-term investment is triple B plus. Botswana has been growing for about 5% per annum over the last 30 years and the employment market has grown by about 10% over the last 30 years,” says Reinette Van der Merwe, CEO of First Capital Bank.



Botswana’s rich mineral resources are often credited for its strong economic performance, with 80% of export earnings coming from diamond mining. “Botswana is significantly endowed with mineral wealth, whether you&#8217;re talking about base metals like nickel or copper, precious metals, coal, not just thermal coal, but also metallurgical coal, which is used in steel making,” notes Matome Tsholetsa Malema, CEO of Minerals Development Company Botswana. The nation has been working on a project that aims at establishing a mineral exploration fund to drive more benefits from mining.



Botswana has made use of its wealth to build a robust social welfare system in the country, providing free education to its citizens and availing reliable health care. The mere existence of diamonds, however, is not the secret to Botswana’s miraculous growth. Oduetse Motshidisi, CEO of Non-Bank Financial Institutions Regulatory Authority says the role of Botswana’s institutions made the definitive difference in the country’s success. “Our institutional strength and legitimacy assures that there is proper governance, rule of law and most importantly, stops corruption and other activities that are harmful. The institutional structure and the resilience of those institutions and their ability to withstand challenges and threats makes a great difference,” he says.



Apart from mining, Botswana also relies on tourism and agriculture. Combining a land of rugged and untamed beauty, pristine landscapes, spectacular wildlife and river deltas, the country is truly a place of enchantment. “We have a strong heritage and culture, not just heritage sites to visit. We have a culture that is inclusive and convenient for investors and tourism. We have a history of prudent management of our natural resources,” says Hon. Philda Kereng, Minister of the Ministry of Environment, Natural Resources Conservation and Tourism. In terms of the agriculture sector, the government has introduced different programs that are geared at supporting people cultivate their land and promote food security. “Early this year, we imposed a two-year import ban on horticultural products. Now tomatoes, ginger, garlic, potatoes are locally produced and it is encouraging how people have responded to the ban,” states Fidelis Molao, Minister of Minister of Agriculture, Development and Food Security. “The agricultural sector currently contributes 2% to the GDP. The sector is undergoing transformation and there are a lot of opportunities. We are targeting communities who seem to be low on the economic ladder because agriculture is a major employer for these groups of people,” mentions Professor Julius R. Atlhopheng, CEO of National Agricultural Research and Development Institute.



Botswana has a business landscape that is remarkably friendly. The government has been providing incentives for investors with a focus on the export sector. “We allow investors a 99-years land lease. We also allow investors to continuously train their teams with a training rebate of 200%. Any raw materials or machineries we need to start businesses are imported duty free,” notes Lonely Mogara, CEO of Special Economic Zones Authority.



“We&#8217;ve run prudent macroeconomic policies over the years such that we can run deficits that are sustainable in the medium to long term. We have been able to build a buffer of foreign exchange reserves,” says Andrew Maatla Motsom, Managing Director of Debswana Diamond Company, explaining that the government is committed to building a knowledge economy, providing opportunities for investment in digitalization.



Digitalization expanded significantly during the COVID-19 pandemic with the government functioning online, and the education sector delivering much of the curricula and teaching through digital technologies.



“We are working very hard to bring down the cost of data in this country. We are now second after Morocco in terms of reaching the target for 2% of gross national income,” says Hon. Thulagano M. Segokgo, Minister of Minister of Communications, Knowledge and Technology. This successful practice in digitalization has expanded to the investment sector. “We have set up an online business registration system, which is linked to people’s IDs. We have also ratified the Trade and Industrial Development Act, which established the One Stop Service Centre for all investment authorisations. We’re granting permanent residence to investors who have value. We have decentralised the visa issuance to our embassies across the world, so they can do it instead of us,” states Hon. Mmusi Kgafela, Minister of Investment, Trade and Industry.



Botswana holds access to international markets through the Southern African Development Community (SADC), the African Growth and Opportunity Act (AGOA), the EU and SADC economic partnership agreements and the African Continental Free Trade Area Agreement. This is one of the many appealing elements of Botswana as a business destination for foreign investors. “As a foreign company, we have easy access to our funds with no restrictions, and the government is the least corrupt government in Africa. The government facilitates everything and things get done in the right manner. We pay our investors dividends with no issues,” says Naseem Lahri, Managing Director of Lucara Diamond. “We have a very good system and structure in place. Everything works in this country. The laws and the systems are much more business friendly in the region,” adds Ramachandran Ottapathu, CEO of Choppies.



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Gaborone, South East, Botswana 27 April 2017 aerial panorama of  Main Mall

Botswana: A Hidden Gem Of Africa

<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">“We are a country where investments are secure and protected under a governance system. Ghana is ready for business and a land of opportunity for private capital and is creating a business-friendly economy.Nana Akufo-Addo, President of Ghana</blockquote>



Located at the centre of the world where longitude zero degrees crosses latitude zero degrees, Ghana is a pleasant country where the sun shines bright and its music, dance and culture please the mind and soul. The country’s recently launched tourism campaign, “Destination Ghana”, invites visitors to explore this spectacular land with rich culture, heritage and welcoming people. Beyond its famed hospitality, Ghana offers a favourable investment climate with a stellar reputation as the largest foreign direct investment recipient in West Africa.&nbsp;“Ghana was the first country to gain independence in Africa,” says Philip Tieku, the Chief Executive Officer of Star Oil, one of the top four market leaders in Ghana’s oil industry. “The various ethnic groups in Ghana coexist peacefully, even when people try to raise ethnic differences. The peaceful environment is favourable for business. Every business wants to be located where they can be sure of the long-term outlook for their growth.”



Ghana has worked towards sustained economic recovery after the pandemic, and ranks as the best investment destination in West Africa and sixth best in Africa. The nation has created a favourable environment for investors to explore the nation’s vast opportunities with a dynamic economy upheld by diverse industries including agriculture, oil and gas and mining. In addition, its participation in the African Continental Free Trade Area (AfCFTA) makes it ideal for investment. “The economy is very good for services, manufacturing, mining, retail, tourism, hospitality and many other sectors. Investors should be strategic and choose a sector that is ideal for them. Besides, Ghana has a high quality of human resources with a lot of local potential,” notes Charles Antwi-Boahen, Chief Executive Officer of Kab Fam.&nbsp;



This sentiment is shared by Roberta Annan, the Chief Executive Officer of Annan Capital Partners, an international firm focused on building new businesses in Africa with its mantra “people, planet and profit.” “We&#8217;re blessed with natural resources and we just recently discovered oil. We have gold, cocoa and other amazing natural resources, but I believe the most important natural resource we have is our human capital. Ghanaians are very educated, very motivated, have morals and are generally more honest when it comes to doing business than other countries,” she says.



The Ghanaian government’s transparent, friendly and less bureaucratic administration is often credited for the successful operations of businesses in the country. Daniel Christopher Hesse-Tetteh, Executive Director of Harlequin, a company engaged in the mining industry and providing engineering services across a range of industries, describes Ghana as one of the easiest places to do business in Africa. “Many internationally renowned companies are setting up facilities in Ghana because it’s convenient for business. We have BMW, Toyota, Isuzu and a few other brands. As a nation, we should focus on developing the industry considering that we have a highly skilled population. We need to try to be less reliant on other people – work with them, but not be reliant,” he says.&nbsp;



While Ghana is boldly pursuing its mission to attract investment, it also recognises the importance of sustainability and mitigating the impacts of climate change. Ghana is mapping its energy transition journey, and companies like Harlequin are pushing its agenda forward. Daniel Christopher Hesse-Tetteh, Executive Director of Harlequin International, states, “Our motivation is to move from oil and gas and enter industries where the future is good, such as renewable energy, where we can add value as a fabrication engineering company.” With the growing demand for energy and the country’s dependence on fossil fuels, the government is eager to tap renewable sources to diversify the energy mix.



From an investment standpoint, it is clear that Ghana has a multitude of natural and legislative endowments that lend to its investment capacity, including its ease of doing business, political stability and safety. Ramesh Sadhwani, Joint Managing Director of Melcom, states, “In terms of peace, Ghana is the place to be. The quality of living is higher compared to other West African countries. Here, everything is available.” On top of it all, Ghana boasts a transparent government that is working to create an enterprising atmosphere to foster innovative ideas that will lead to lucrative enterprises.



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COVER IMAGE Ghana

Ghana: A Land Of Opportunity

“This is the time to stand together and get connected. It’s time to bury our differences, show love to one another and look forward with confidence.” H.E Samia Suluhu Hassan, President of Tanzania&nbsp;



Located on the east coast of Africa and south of the equator, Tanzania is home to some of the world’s first human settlements, with fossils dating back as far as 3.6 million years. Today, the country has set further precedence and given Africa its first Muslim female president, further cementing Tanzania’s positive legacy on the world stage. &nbsp;



Today, Tanzania is thriving; the country’s GDP in 2021 demonstrated an increase of over five million dollars compared to 2020. Strategically designed and flexible policies that pay heed to the importance of the private sector are contributing to the country’s economic growth. President Samia Suluhu Hassan’s leadership is marking a positive new beginning for the country and a brighter future. “Her Excellency strongly believes in the private sector and understands that for this country to prosper, the government must be able to work very closely with them. She has been very clear that all policies which are limiting or hindering investors must be reviewed. She&#8217;s pushing the agenda of creating a one-stop centre for investments in Tanzania, to get everything in one place,” says Abdulmajid Nsekela, Group CEO &amp; Managing Director of CRDB Bank.&nbsp;



The most notable impact of H.E Hassan’s administration is the change in investment parameters that have made Tanzania an appealing investment destination. Hosea Kashimba, Director General of Public Service Social Security Fund states, “Madam Samia has been advocating to unlock barriers to investment like getting working permits. The government’s initiative to review the country’s policies is providing reassurance to investors.”&nbsp;



The President has also done a remarkable job in finishing projects which were started by the late President Magufuli, one of which is the Tanzanite Bridge which has quickly become symbolic of Tanzania’s growth and prosperity. Ruth Zaipuna, Chief Executive Officer of NMB Bank, describes the President’s first year in office as impressive, “Her Excellency is completing key and strategic infrastructure projects that were started by her predecessor, but she is commissioning new projects as well. She is attracting new foreign direct investments. The recent one, almost US$1.3 trillion from IMF, has transformed the country in terms of infrastructure development.” &nbsp;



H.E Hassan has also worked hard to rebrand Tanzania, opening up the country to attract foreign investment and tourism. In 2021, the country attracted a total of US$4.144 billion in foreign direct investments with 237 new projects. Minister of Finance and Planning, Dr Mwigulu Nchemba states, “Her Excellency is marketing Tanzania abroad; you can easily access land for investment in Tanzania and at a relatively low cost compared to most African countries.” In terms of the tourism sector, in 2021, Tanzania was voted Africa’s most beautiful tourist destination by the World Travel Awards.&nbsp;



The Tanzanian President has brought together and unified neighbouring nations, securing political stability and economic growth. She ratified the African Continental Free Trade Area in 2021, enabling Tanzania to tap into a market of 1.2 billion potential customers. In addition, she has actively taken part in many worldwide conferences to help put Tanzania back on the map. CEO of Stanbic Bank, Kevin Wingfield says, “The energy and passion that she has shown in terms of the number of visits she&#8217;s done in a very short period of time to unlock and open doors for the country is hugely positive.” The President has reportedly secured a record TSh 18.75 trillion in MoUs at the Dubai Expo in 2021.&nbsp;



In just one year, the President has become an iconic figure in Tanzania’s history, particularly for driving positive changes in the country. Managing Director and CEO of NCBA Bank Tanzania Limited, Margaret Karume says, “As the first female head of state in Tanzania, the president has been an inspiration for women. For the first time, Tanzania has women in many strategic government positions, ministry of foreign affairs and East African cooperation, minister of defence and national service, among others. This has great implications, especially for young women who are looking up to our beloved president.”&nbsp;



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Dar es Salaam city scape

Tanzania: Changing Perspective To Create Unity And Opportunity 

“As President of Nigeria and the Pan African Great Green Wall, my commitment to working assiduously towards addressing land degradation, food security, desertification, climate change, depletion of the forest ecosystems and biodiversity in Nigeria, Africa and the world remains a top priority.” H.E. Muhammadu Buhari, President of Nigeria&nbsp;



According to the United Nations Department of Economic and Social Affairs, Nigeria is predicted to replace the USA as the third most populated country on the planet by 2050, an important factor driving its national policy on climate change and its focus on guaranteeing national food security while fostering a low-carbon, high growth economic development. Indeed, it is with this in mind that the largest oil and gas producer in Africa is currently on a mission to fortify its prosperity through diversity, inclusion, sustainability and a shift towards the inexhaustible potential of renewable energy. H.E. President Muhammadu Buhari states, “As we walk along the path of revival, recovery, resilience, recycling and restoration, the importance of protecting our resources is key to guaranteeing the peace, security and prosperity of our nation for present and future generations. Only by protecting our planet and its biodiversity can we effectively secure our collective survival.” &nbsp;



President Buhari’s vision for sustainability was set in motion through Nigeria’s Agriculture Promotion Policy which has worked relentlessly to revive the nation’s agricultural sector’s capacity for self-sufficiency. Nigeria’s Green Alternative works to consolidate partnerships with key stakeholders in order to build a long-term agribusiness economy that not only meets Nigeria’s domestic food security demands but boosts exports and promotes sustainable income and job growth.&nbsp;&nbsp;



Population growth is also a major factor driving the nation’s digitalisation agenda, ensuring Nigeria’s thriving growth trajectory remains on track and its enabling economic transformation is in full compliance with climate-friendly policies while boosting job creation. In February 2022, the EU announced its plan to invest €820 million in support of the country’s digital economy over the next three years to nurture Nigeria’s enormous potential for digitalisation. At the same time, the effects of the pandemic have acted as a catalyst in accelerating the push for digital services offered, particularly in public administration, healthcare, financial services and education. “Nowadays, everything has gone digital,” declares Mofid Karameh, Chairman and CEO of Mikano International. “This is the future and, for an organisation to survive, it needs to keep up with the trend. At Mikano, we are continually improving our processes and digitisation is how we are setting the pace.” &nbsp;



Furthermore, Nigeria has made innovative progress with the repositioning of Lagos State as a smart city, and in November 2021, Nigeria became Africa’s first nation to introduce a digital currency when it launched the eNaira, an electronic version of the paper naira currency, issued by the Central Bank of Nigeria. “We are trying to promote an African Silicon Valley in Lagos in the hope that a lot of investment happens,” explains Samaila Zubairu, President and CEO of the African Finance Corporation. “We think there&#8217;s a massive opportunity for digital infrastructure and we are driving that significantly.” The government’s Strategic Economic Roadmap and Action Plan 2021-2024, which is contained in the Nigerian National Digital Economy Policy and Strategy, is facilitating digitisation through the promotion of digital literacy, cybersecurity, digital innovation and entrepreneurship. Emerging technologies and services such as cloud solutions, Intelligent Connectivity and IoT are in place while Nigeria is set to become Africa’s highest 5G subscriber by the end of 2022. The Nigerian administration also plans to migrate all government paper activities to paperless by 2030. Paperless activities concentrate the focus and impact of digitalisation in all sectors, including power-generation operations and real estate, where an online electronic conveyance system is currently underway. “The whole idea in Nigeria and for us, as a Group, is to keep abreast with global trends,” declares Chairman and CEO of Cosgrove, Umar Abdullahi. “We are leveraging technology and the internet to improve our lives, and this is what Cosgrove is all about; we have already started venturing into full automation.”&nbsp;



Determined to reset Nigeria’s economy and in response to the COVID-19 pandemic, in 2020 President Buhari’s government has additionally approved the US$5.9 billion Nigeria Economic Sustainability Plan (NESP). The plan’s main objective lies in revitalising and diversifying the economy while securing employment and boosting job creation through the implementation of strategic investments in sectors that guarantee longstanding economic growth. With a focus on renewable energy and its potential to electrify and guarantee off-grid sources, the plan pivots upon 10 key projects, two of which focus on the energy sector. The first of its energy projects is a US$619 million commitment to Solar Homes Systems Project which aims to install solar home systems for up to five million households while serving 25 million individual Nigerians who are currently unconnected to the national grid. The second project is a ₦113 billion scheme that looks to advance the implementation of gas (CNG and LPG) in order to bridge the passage from fossil fuels to a cleaner source of energy. The plan aims to create 250,000 new jobs in the energy sector, empowering communities and stimulating the domestic manufacturing industry.&nbsp;



Thirty-seven million Micro, Small and Medium Enterprises in Nigeria contribute to 48% of the country’s GDP, the definitive confirmation of the role MSMEs play in stimulating Nigeria’s economy. With this in mind, the Economic Sustainability Plan has also incorporated a national MSME Survival Fund to provide support following the repercussions caused by the pandemic, while guaranteeing the ideal environment for independent ventures to flourish. &nbsp;



Nigeria’s response to the world’s environmental emergency combined with its drive for diversity, promotion of inclusion and commitment to poverty reduction, is both powering and empowering the nation. The Giant of Africa is taking huge strides along the path of sustainability to reach prosperity while harnessing health, opportunity and a new economic model for the world to admire.&nbsp;



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LAGOS-nigeria

Nigeria: The Giant Of Africa’s Huge Strides Towards Sustainability 

<blockquote class="wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow">“The time has come to renew the founding values of our beautiful Ivory Coast, and to reunite&nbsp;Ivorians. Let us celebrate peace, without which there can be no development.” H.E.&nbsp;Alassane&nbsp;Ouattara, President of Côte d&#8217;Ivoire&nbsp;</blockquote>



Host to UNESCO sites such as the Biosphere Reserve, the&nbsp;Comoé&nbsp;National Park, the Grand&nbsp;Bassam&nbsp;historic town, the breathtakingly beautiful Mount&nbsp;Nimba&nbsp;Strict Natural Reserve and the richly bio diverse Tai National Park, Côte d&#8217;Ivoire is a nation&nbsp;brimming with&nbsp;&nbsp;variety&nbsp;in its&nbsp;beach resorts, rainforests and quirky architectural landmarks such as La&nbsp;Pyramide&nbsp;and St. Paul’s Cathedral.&nbsp;“Côte d&#8217;Ivoire&nbsp;is a tourist and business destination,” explains&nbsp;Daniel&nbsp;Karbownik, Regional Director West &amp; Central Africa, Accor. “Developing a&nbsp;tourist&nbsp;destination creates direct and indirect jobs and promotes&nbsp;economic development and prosperity of the country.”&nbsp;With a view to this, in 2018, the government launched its ‘Sublime Côte d&#8217;Ivoire’&nbsp;flagship tourism project. Due for completion in 2025, Sublime’s initial phase looks to transform the tourism landscape via a number of projects and schemes and the creation of 700,000 new jobs aimed at its youths.&nbsp;&nbsp;



The government’s&nbsp;National Development Plan&nbsp;2021-2025&nbsp;is intent&nbsp;in maintaining a stable socio-political environment while&nbsp;mobilising its domestic resources following the&nbsp;ramifications&nbsp;of the pandemic.&nbsp;It targets the private-sector&nbsp;investment&nbsp;and construction&nbsp;needed to spur productivity, advance diversification and inclusive growth while boosting job creation, in particular regarding the nation’s youth.&nbsp;With&nbsp;solid relations with international institutions and bilateral partners,&nbsp;Côte d’Ivoire&nbsp;is committed to making its&nbsp;business environment ever more attractive and&nbsp;its economy more competitive by relaxing&nbsp;economic policies&nbsp;in a bid to&nbsp;attract foreign companies and promote business creation, especially in the digital,&nbsp;information&nbsp;and&nbsp;technology sector.&nbsp;Paul-Harry&nbsp;Aithnard,&nbsp;CEO of&nbsp;Ecobank&nbsp;Côte d’Ivoire&nbsp;says, “The private sector&nbsp;is a&nbsp;driving force because all ideas&nbsp;not only&nbsp;come from the state but also come from the private sector.&nbsp;At&nbsp;Ecobank, we believe that digitisation and the digital economy make it possible to have an inclusive economy and that&nbsp;with technology we are capable of anything today.&nbsp;Technology allows for a true inclusive economy and true inclusive development.”&nbsp;



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Another important driver to the nation’s development,&nbsp;and indeed its economic backbone,&nbsp;is its natural resources,&nbsp;such as fossil fuels and ores and agriculture. The government has&nbsp;expanded its vision&nbsp;to the&nbsp;encompass the&nbsp;enormous&nbsp;potential&nbsp;inherent in the production of&nbsp;added-value&nbsp;solutions, thereby increasing its&nbsp;manufacturing and processing industries.&nbsp;With a focus upon Green Tourism and carbon neutrality,&nbsp;Côte d&#8217;Ivoire’s government is well aware of the importance of boosting sustainability and creating supply chains.&nbsp;Over the last two decades, the world’s largest cocoa bean producer and exporter, has&nbsp;expanded its range to the cultivation of cashew nuts with impressive results.&nbsp;As part of the government’s National Development Plan, the nation is now&nbsp;looking&nbsp;to process its crops&nbsp;so as&nbsp;to harness a new source of income&nbsp;and promote the&nbsp;‘Made in Côte d’Ivoire’&nbsp;label. “We have great agricultural potential in the country.” declares&nbsp;&nbsp;Issiaka&nbsp;Savane, Interim Administrator of UNACOOPEC-CI. “If we want&nbsp;a&nbsp;dynamic and strong growth, we must participate&nbsp;in the transformation of agricultural products.”&nbsp;



In 2014, the Ivorian government&nbsp;also&nbsp;implemented one of the most favourable mining codes on the continent, which introduced greater transparency, the extension of exploration permits to ten years, strengthened local development and enhanced mining investment, particularly in the gold sector. As a result, mining activities increased 43% in 2019, generating a revenue of US$1.3 billion and creating almost 55,000 jobs. To this effect, training the local workforce is critical to the continued growth of the mining sector.&nbsp;Abdoulaye&nbsp;Diallo, General Manager of SFTP Mining, is proud to be a part of this initiative that improves the lives of&nbsp;Ivorians.&nbsp;Diallo&nbsp;says, “SFTP mining operations are sustainable and provide a position between the communities and the stakeholders. We train the local community in order to have international standards skills.”&nbsp;



True confirmation of&nbsp;Côte d&#8217;Ivoire’s stable outlook and the promise of its strong economic development occurred when&nbsp;Fitch&nbsp;assigned&nbsp;Côte d&#8217;Ivoire with a&nbsp;BB rating&nbsp;in July 2021, forecasting&nbsp;GDP growth to average 6.2% in 2021-2022.&nbsp;Léonce&nbsp;Yace, Managing Director of NSIA&nbsp;Banque&nbsp;CI, believes the nation’s multiple achievements is due to a number of factors. “Côte d&#8217;Ivoire&nbsp;has&nbsp;a dynamic economic fabric, players, opportunities, well-trained young people and booming banking sector. The&nbsp;government&nbsp;is&nbsp;made up of experts and competent people who understand the issues well and who manage to take the initiatives that drive development under the leadership of His Excellency President&nbsp;Alassane&nbsp;Ouattara.&nbsp;Investors&nbsp;who come to Côte d’Ivoire&nbsp;will find a business hub where their&nbsp;interests&nbsp;will be&nbsp;preserved.”&nbsp;&nbsp;



A gateway to West Africa,&nbsp;Côte d’Ivoire is well positioned as a hub for international trade&nbsp;and a story of success as one of Africa’s most resilient economies promoting inclusive and sustainable growth within a peaceful environment. As&nbsp;Côte d’Ivoire’s record results guarantee its trajectory towards economic recovery, the nation is also firmly moving forward towards a new era of growth, opportunity and a bright and shining future.&nbsp;&nbsp;

Yamoussoukro

Côte d’Ivoire: Unlocking The Potential Within

<blockquote class="wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow">“It is from this human capital that the genius of tomorrow will emerge capable of inventing solutions adapted to the equations of our own future. I ask them to become aware of their irreplaceable role in the construction of Africa, of its regional communities and of each of its States.” AU Chairperson, H.E. President Félix Antoine Tshisekedi of the Democratic Republic of Congo</blockquote>



Africa’s achievements throughout its history are indicative of the impenetrable spirit of the African people from all corners of the continent and beyond. Founded in 2002, the African Union is a continental body consisting of the 55 member states of the African continent with the main objectives of eliminating remaining remnants of colonization from the continent; promoting a unified Africa; coordinating socioeconomic development; safeguarding the territorial integrity of the Member States and promoting international cooperation. With these missions at the forefront of the AU’s development plans, the continent is approaching a future ripe with opportunity in the social, economic, political, and equality spheres.



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Since the establishment of the AU, Africa has been working collectively toward its potential in an ever-changing world economy. A large part of this journey is represented through Agenda 2063, Africa’s blueprint for economic development, and the African Continental Free Trade Area (AfCFTA) agreement, which will create the world’s largest free trade area and connect 1.3 billion people across 55 countries. These two monumental plans will further Africa’s collective economic development, regional integration, innovation, security, political and cultural influence across the world.



Agenda 2063 is designed to deliver sustainable development for Africa through wealth creation, collective progress, gender equality, opportunities for Africa’s youth, and a high standard of living for all. On the national level, many countries have developed similar visions that are catered to their local economies that still push forward Agenda 2063 and continue to transform Africa into an empowered world player. AU Chairperson, H.E. President Félix Antoine Tshisekedi of the Democratic Republic of Congo, recently emphasized the Agenda and its role in the rebirth of the continent and the potential it brings to Africa’s children. H.E. Tshisekedi says, “It is from this human capital that the genius of tomorrow will emerge capable of inventing solutions adapted to the equations of our own future. I ask them to become aware of their irreplaceable role in the construction of Africa, of its regional communities and of each of its States.&#8221;



In conjunction with the AU’s Agenda 2063, the AfCFTA agreement is accelerating intra-African trade, expanding Africa’s trading position in the global market, and strengthening Africa’s common voice. The AfCFTA will create a combined GDP of about US$3.4 trillion for the benefit of African nations, inspire a 7% increase in African income by 2035, create an increase in exports to US$560 billion, and increase wages that will lift millions of Africans out of poverty. Wamkele Keabetswe Mene, Secretary-General of the AfCFTA, adds, “The recovery from COVID- 19 will come from the implementation of the AfCFTA. We will work very aggressively to make sure that we implement the agreement to the best of our abilities. It will be difficult and challenging, but we owe it to millions of Africans who are expecting that, in these positions, we make a difference in their lives.”



Over the years, Africa’s historic steps in equality have set the global standard in gender inclusion. In 2018, Ethiopia proudly welcomed Sahle-Work Zewde, the country’s first female



president. This year on March 1, Nigerian-born Ngozi Okonjo-Iweala became the first female and first African Director-General of the World Trade Organisation in a monumental appointment that demonstrates to the world that Africa is more than prepared to lead the world economy. While we mourn the untimely passing of His Excellency President John Pombe Joseph Magufuli, Tanzania made history this year with the inauguration of Tanzania’s first female president, Her Excellency Samia Suluhu. These advancements in inequality are a signal to the collective African spirit and pursuit of the Africa that future generations deserve. H.E. Suluhu says, “If your children will be touched by the coming changes, you should understand that we have done so for the good of the country, and not otherwise.”



Other notable examples of gender inclusion and women empowerment are inspiring all and inciting change on national and local levels. In Nigeria, philanthropist and businesswoman Apostle Folorunso Alakija founded the Rose of Sharon Foundation, a non-profit, faith-based, non-governmental Organisation focused on easing the burdens of existence for widows and orphans. In Madagascar, Pure Vanilla is a female-run company founded by two sisters, Naomy and Rosemine Rasolofonirina, who understand the importance of highlighting the invaluable role that women play in the African and global economies. Naomy Rasolofonirina says, “Our company is 99% women, and in our context, where women are usually not that self-reliant, this is incredible. We want to achieve equal pay; our women are already paid over 50% more than they would be in other companies. We aim to continue to grow their salaries alongside the company’s own development. In this way, our women can be financially independent and programme their future as well as those of their children.”



Equipped with a young and skilled labour force to make the production hub for the world, Africa remains an important resource and is key to global economic progression. “We have a tremendous workforce that is going to be the base of the future of Mozambique,” explains José Parayanken, Founder and CEO of Mozambique Holdings Limited. The advent of the 4th Industrial Revolution presents numerous opportunities for Africa; investing in skilling her youthful population and leveraging home-grown and external technological advancements will position Africa on a sustainable development trajectory. H.R.H. Prince Lonkhokhela, CEO of the Eswatini National Provident Fund, says, “Africa is diversifying and can lead in sustainable development. Africa has the ability to look at what works elsewhere then fashion its own answers. It can openly embrace new technology and ideas, with no historical imprint from which to break free.”Through the strength of the African Union and the dedicated guidance of the continent’s leaders, Africa represents a beacon of possibilities that have emerged from perseverance, unity and African pride.

Category: Africa Undiscovered