Business & Finance

WEF News Round-Up: May 5th

Today marks the second day of the World Economic Forum on Africa 2011 in Cape Town. Here are the news stories and videos that you should be reading now.

Videos from ABN Digital

Our friends at ABN Digital in South Africa are churning out interviews with all types of delegates at the Forum. Here are a few to start with; more coming later in the day.

ABN’s Lerato Mbele speaks with the president of Gabon, Ali Bongo Ondimba:

Ms. Mbele also speaks with Frank Nweke, director general of the Nigerian Economic Commission Group.

ABN’s Godfrey Mutizwa speak with Sanusi Lamido Sanusi, the governor of the Nigerian Central Bank:

Water Partnerships

In preparation for the increased demand in water consumption in the next 30 years, the South African government, Nestlé, and the WEF have announced a partnership with the Water Resources Group, a public-and-privately-owned group that works in conjunctions with the WEF and the International Finance Corporation. Peter Brabeck-Letmathe, the chairman of both Nestlé and the WRG, “This new partnership between the Government of South Africa and the Water Resources Group will help identify how South Africa’s plans for growth can be met with the water it has safely available. The foresight and leadership of Minister Molewa in this regard should be applauded.”

Climate Change

Leaders from South Africa, Gabon, and Kenya have pledged together to take a “united stance” toward climate change at the United Nationals Framework Convention on Climate Change in Durban in November. Considering the rise in industry in Southern Africa, such as mining, the timing of this announcement couldn’t be better.

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