The 16th World Economic Forum on Africa: Going for Growth
was a World Economic Forum economic summit held in Cape Town
, South Africa
, from May 31
to June 2
. The summit is hosting 650 political and business leaders from 39 countries, focusing particularly on the surge of African commodity
prices. It is also to examine issues relating to promoting investment
, improving world opinion, hunger
, sustainable development
, and offer specific initiatives to address these and other economic issues facing part of or the entire continent.
Thabo Mbeki, President of South Africa and host; Armando Guebuza, President of Mozambique; Jakaya Kikwete, President of Tanzania; Syamal Gupta, Chairman of Tata International, India; Jim Goodnight, Chief Executive Officer, SAS Institute, United States; Maria Ramos, CEO of Transnet, South Africa; Charles Soludo, Governor of the Central Bank of Nigeria; and others.
In addition to examining the impact brought by the expanding Chinese
economies on the rise of commodity prices in Africa, the summit targets several specific economic
, and financial
The African Investment Climate Facility
This new mixed public-private venture is intended as a mechanism to promote investment in the continent.
Changing Perceptions of Africa
This initiative is designed to address and improve on the generally negative perceptions suffered by the African continent.
This proposed "Business Alliance to Reduce Chronic Hunger" would be a mixed private-public venture to address "the root problems of hunger."
Energy Poverty Action
This WEF taskforce is set to test a pilot model for developing grid and off-grid electrification
for different parts of the continent.
Strengthening Healthcare Systems
This proposal is designed toward promoting a mixed private-public healthcare system in sub-Saharan
Partnering Against Corruption Initiative
The PACI is intended to curb corruption, by having businesses commit to a "zero tolerance
" of corruption principles.
This initiative is set to expand private participation in Southern African water
resources and needs.
The Schwab Foundation for Social Entrepreneurship
is to announce the South African Social Entrepreneur of 2006.