As shifting global economic conditions place further pressure on revenue and investment streams in Africa, Bloomberg convened leading newsmakers and game changers from across sub-Saharan Africa, CEOs of global corporations, influential investors and government leaders this week in Cape Town, for the Bloomberg Africa Business and Economic Summit.
The event was held at the Westin Hotel in Cape Town, South Africa from 23 till 24 February and gathered more than 40 speakers to discuss the opportunities that lie at the point where technology, gender equality, political transparency and global partnerships meet. Topics included financial transparency, the opportunities and challenges of doing business in Africa, capital access, Africa’s energy needs and infrastructure challenges and the future of Africa’s relationship with China, among others.
“The goal of the Bloomberg Africa Business and Economic Summit is to foster meaningful discussion and debate about the opportunities and challenges for investment and growth in Africa, for both foreign investors and African companies,” says Matthew Winkler, Editor-in-Chief Emeritus, Bloomberg News and co-host of the Summit. The Summit is sponsored by GE and The Coca-Cola Company.
Some speakers were: Tembinkosi Bonakele, Commissioner, Competition Commission, South Africa; Mike Brown, Chief Executive, Nedbank Group; Alan Knott-Craig, Founder and Chief Executive Officer, Project Isizwe; Karen Daniel, Chief Financial Officer, Black & Veatch; Bob Diamond, Chief Executive Office and Founding Partner, Atlas Merchant Capital; Dana Hyde, Chief Executive Officer, Millennium Challenge Corporation; Jay Ireland, President and Chief Executive Officer, GE Africa; Wendy Luhabe, Economic Activist and Social Entrepreneur; Ben Magara, Chief Executive Officer, Lonmin, South Africa/UK; Phuti Mahanyele, Executive Chairperson, Sigma Capital; Joseph Mucheru, Cabinet Secretary, Ministry of Information, Communications and Technology, Republic of Kenya and Patrick O’Sullivan, Chairman, Old Mutual.
To open the program, a dinner was hosted by Peter T. Grauer, Chairman Bloomberg L.P. and Matthew Winkler, Editor-in-Chief Emeritus, Bloomberg News. Jeff Radebe, Minister in the Presidency, Republic of South Africa and Patricia de Lille, Executive Mayor, City of Cape Town welcomed guests and the evening featured an interview with Dr. Donald Kaberuka, Former President, African Development Bank and Senior Advisor, TPG/ Satya.
The event aims to build on the discussions and outcomes of the 2014 U.S.-Africa Business Forum which was held in Washington D.C. and convened nearly 50 heads of state and government and more than 300 global CEOs, demonstrating the enormous interest in the growing African markets for U.S. investors and companies.