Announcements, articles, and videos from the last day of the World Economic Forum on Africa 2011 in Cape Town. News about next year’s forum, and more!
Videos from ABN Digital
From our friends at ABN Digital in South Africa, we’ve got more videos with delegates at the WEF.
Lerato Mbele caught up with South African Finance Minister Pravin Gordhan and asked him his view on how Africa and South Africa can ensure tangible and sustainable growth.
One of the issues addressed at the WEF was the importance of water as a key resource for Development in any country. ABN’s Godfrey Mutizwa speaks to Edna Molewa, the minister of water and environmental affairs, as well as Peter Brabeck-Letmathe, the chairman of the WEF Resource Group about what initiatives will be implemented to improve water usage post-WEF.
2012 WEF on Africa
The WEF announced that next year’s forum will take place in Addis Ababa, Ethopia, which the WEF called “the diplomatic capital of Africa.”
Interesting Headline from Bloomberg
Bloomberg states that investors in Africa are losing the “lunatic” tag as more mainstream moneymakers are drawn to prospects on the continent.
Trade with China
Delegates urged that the quality of trade between Africa and China needs to improve beyond China’s desire to flood the continent with cheap imports and to receive commodities, the AFP reports.
Trade Within Itself
The Africa Progress Panel announced at the WEF that the continent is too dependent on exports of raw materials and needs to improve trade within the continent itself, the Kaiser Family Foundation reports.