Digital Infrastructure

The conversation on intra-Africa trade has been dominated by the recently implemented game-changing African Continental Free Trade Agreement (AfCFTA) and its potential to position the region as the fastest growing in the world. This discussion will broaden the conversation and unpack the AfCFTA for what it is – a legal instrument to enhance intra-Africa trade – and what we can realistically expect from the agreement, in the context of existing regional economic networks and other trade instruments already in effect. The discussion will seek to address questions such as how Africa can unlock potential by building more viable regional value chains, how countries can overcome infrastructural differences impeding trade, and how payment innovation must align to facilitate cross-border exchange. Underpinning these reforms is the critical role of financing to not only bridge the infrastructure and investment gaps, but also offset the revenues generated by existing trade barriers. Lastly, the role of the private sector cannot be understated. The discussion will highlight the dual role the private sector has to play, both as traders and agents of innovation.

Although Entrepreneurship through Acquisition (ETA)— where entrepreneurs search for and acquire small, stable, cash-flow positive businesses with the intention to grow them over time—is becoming more popular, few “search funds” have been established in Africa. Indeed, there has been limited data to support the case for investing in African search funds and the benefits of this novel asset class. Still, ETA remains uniquely positioned to unlock value, find new talent, and accelerate the growth and development of SMEs—particularly family businesses—across the continent. This panel will focus on three key questions: (1) What makes Africa ripe for the growth of search funds? (2) How can the North American search fund model function on the continent? (3) What are the dynamics of operating and growing businesses under this model?

Africa accounts for only two to three percent of global greenhouse gas emissions, yet it is disproportionately affected by the impacts of climate change. Key development sectors have already experienced severe damages including water shortages, reduced food production, biodiversity loss, loss of lives and reduced economic growth. Populations as well as businesses alike are increasingly exposed. Governments, businesses, and civil society must collaborate to deploy and scale solutions across industries that accelerate climate resilience and adaptation. Africa is also uniquely positioned to capitalize on the international transition to “green growth”, with opportunities to tap into new, fast-growing industries that can help to reduce global emission while creating jobs and economic development at home. This panel highlights investors, operators, and advisors to businesses and governments who aim to build synergies on the continent between climate adaptation and sustainable growth.