See article by Mfonobong Nsehe, Contributor at Forbes.com dated May 2, 2012
The New York Forum Comes To Africa
Between the 8th and 10thof June, more than 800 African and international leaders in economics, politics, and public opinion will get together in Libreville, Gabon for the maiden edition of the New York Forum Africa.
The New York Forum Africa will be hosted by His Excellency, the President of Gabon Ali Bongo Ondimba, in collaboration with U.S-based consultancy firm Richard Attias & Associates and theGovernment of Gabon, and will offer three days of plenary sessions, collaborative taskforces and discussions to illuminate some of the key socio-economic issues confronting the continent today.
Africa is poised for great things, and this could very well turn out to be Africa’s century. The signs are already there. According to the Mckinsey Global Institute’s 2010 report, Lions On The Move: the progress and potential of African economies, Africa’s collective economy grew very little during the 20th century. It’s a different story today, and the continent seems set on a path of sustainable economic growth. The World Economic Forum recently announced that Africa was home to six of the world’s 10 fastest growing economies over the last decade. African economies are growing at an average of 6% annually, good governance is gaining ground, and the world is beginning to take notice.
But for all the optimism hovering over the continent, its numerous socio-political shortcomings are well documented. Some of the key challenges impeding Africa’s development will be tabled while practical solutions will be discussed.
The organizers of the Forum say it will provide “a unique opportunity for business and political leaders, entrepreneurs and experts, to come together to work intensively on concrete proposals to spur more innovation, encourage an entrepreneurial culture, improve governance and strengthen the connections between the new African dynamism and the other growth regions of the world.”
Among other things, the New York Forum AFRICA will bring together African business leaders with business leaders from other regions and continents of the world, providing the opportunity for international investment companies and sovereign wealth funds to meet with and have discussions with African governments and key entrepreneurs on concrete projects and investment opportunities on the continent.
Some of the speakers who who will speak at the forum include American billionaire Ronald Lauder, Nobel Prize laureate and father of microfinance Muhammad Yunus; Abdeslam Ahizoune, Chairman & CEO Maroc Telecom; Acha Leke, Partner McKinsey & Company and Senegalese entrepreneur Magatte Wade. Several African political leaders will also attend.