Global Africa Business Initiative Calls For A Bold Reimagining Of Africa’s Economic Narrative
The Global African Business Initiative (GABI) today released its unstoppable African administrative summary, illuminating transformation strategies and solutions to reshape Africa’s financial narrative and accelerate economic growth.
The report highlights Gabi’s call for the development of an inclusive financing model to address unique challenges in Africa, focusing on preferential financing, attracting private sector investment and mobilizing domestic resources as the fundamental mechanism to unlock the potential of the continent. The report also highlights the importance of African institutions changing global risk perceptions and supporting innovative financial solutions to reduce risk projects and ensure long-term investment.
In the third year, Gabi’s annual flagship event, Unstoppable Africa, established itself firmly during the UN General Assembly Senior Opening Week, a major event focused on Africa in New York, raising the interest of global leaders. and participate.
Sanda Ojiambo, Assistant Secretary-General of the United Nations and CEO of the United Nations Global Compact, said: GABI 2024 Executive Summary Capturing the transformative results of the very successful “Unstopped Africa” event, reflecting groundbreaking solutions and influential discussions. This activity plays a crucial role in bringing key stakeholders together to discuss and coordinate these transformative strategies.
“By highlighting key initiatives and partnerships, this report highlights our commitment to positioning Africa at the centre of global economic transformation. This reflects not only our progress but also a call for action to continue cooperation and ambitions. We believe that through the With the aspirations of the 17 SDGs and Agendas in 2063, we can unlock the full potential of Africa and bring a prosperous future for all.”
Landmark Events
The “Unstopped Africa” event was held at intervals of the United Nations General Assembly from 25 to 26 September 2024. The event has over 4,000 participants, including 1,545 people, and 2,531 participants online, including six state and government leaders from Barbados, Côte d’Ivoire, Democratic Republic of the Congo, Esvatini, Netherlands, Netherlands and Poland, and 13 government ministers, and 13 government ministers.
Key figures from the private sector, top business leaders around the world, as well as icons for sports, music and creative industries also spoke and attended the conference.
Key Findings from GABI 2024 Executive Summary
The report focuses on major achievements in the energy sector, such as the Mission 300 Initiative, which aims to provide clean energy for 300 million Africans by 2030 to 2030. It highlights successful examples from Togo, Mauritania and Ghana where renewable energy solutions are distributed, such as energy access to rural and underserved communities, as mini recruitment is greatly expanded. The critical role of small and medium-sized enterprises (SMEs) in Africa’s energy transition is highlighted and the capacity of these enterprises is needed by bridging the gap in financial and climate action knowledge.
In the field of digital transformation, the report highlights the continent’s rapid technology adoption and young population as key drivers of economic growth. It focuses on comprehensive digital high-skill programs that provide African youth with the necessary skills to thrive in the digital economy. The report highlights the launch of Africa’s first digital economic zone, where global and pan-African companies can integrate online, operate remotely and access African talent pools and markets.
The creative industry is identified as an important economic driver. The report highlights the potential of Africa’s vibrant fashion, film, music and entertainment sectors to provide jobs, promote tourism and build African brands.
In the sports sector, the report points to the need for modern infrastructure and establishes a continental alliance to enhance economic growth, social cohesion and cultural diplomacy. It brings together such as the Continental Foundation Queens and the NBA African Startup Accelerator Awards, which create opportunities for young athletes and entrepreneurs.
Core theme
Unstoppable Africa focuses on five topics:
- Energy Channels and Transitions: Public-private partnerships, policy frameworks and hybrid finance are highlighted as key to clean energy solutions.
- Inclusive growth and trade: Discussions on reshaping the African financial narrative highlight the need for private investment and the development of the African Continental Free Trade Area (AFCFTA).
- Digital conversion: Equipment that bridges the digital divide and provides digital skills to young people is identified as a priority. The progress of the UNDP Timbuktoo initiative was celebrated.
- Creative Industry: The cultural sector in Africa is considered crucial for economic growth and global influence.
- Exercise: Calls for modern sports infrastructure and the Continental Alliance mark their potential to drive economic and social impact.
GABI 2025
This year, Gabi will hold Africa in the fourth edition of the United Nations General Assembly on Sunday and Sunday, September 21, 2025 at the Marriott Marquis Hotel in downtown Manhattan. The private sector, government, policy makers, global and regional stakeholders work together to develop a viable framework for Africa’s development.
In addition, GABI plans to host several GABI BRIDGES events throughout the year, including the side events held on May 12-13-13 Abidjan Côted’Ivoire’s Abidjan. These participations will provide a focus discussion on specific topics at the flagship forum in September.
access Unstoppable Africa 2024 Executive Summary Report here. About GABI and The unstoppable Africa 2024, access https://gabi.unglobalcompact.org/
Media ContactRosemarine Ottalor – rosemary.otalor@apo-opa.com
