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The African Development Bank (AfDB) says despite Africa&#8217;s solid growth performance, only about a third of countries achieved inclusive growth. This was in their Africa Economic Outlook. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to discuss stories impacting Nigeria.</p>


Is Africa doing enough to achieve inclusive growth?

<p>It was a <em><a href="https://www.cnbcafrica.com/wef/" target="_blank" rel="noreferrer noopener" aria-label="World Economic Forum (WEF) (opens in a new tab)">World Economic Forum </a></em><a href="https://www.cnbcafrica.com/wef/" target="_blank" rel="noreferrer noopener" aria-label="World Economic Forum (WEF) (opens in a new tab)">(WEF)</a> <em>on Africa</em> like no another as thousands of delegates from around the world descended on Cape Town, South Africa from the 4<sup>th</sup>-6<sup>th</sup> September. &nbsp;They were there to <a href="https://www.cnbcafrica.com/videos/2019/09/05/how-to-garner-a-large-slice-of-africas-overcrowded-telecoms-market/">strike deals</a>, see what the <a href="https://www.cnbcafrica.com/videos/2019/09/05/standard-chartered-banks-saif-malik-on-the-digital-era-of-banking-in-africa/">best of Africa had to offer</a> and <a href="https://www.cnbcafrica.com/uncategorized/2019/09/10/wef-africa-debate-africas-economic-update/">how its economies are performing</a>. For example, <a href="https://www.cnbcafrica.com/videos/2019/09/09/zimbabwe-is-working-on-currency-challenges-mnangagwa/">Zimbabwe’s President Emmerson Mnangagwa</a>, <a href="https://www.cnbcafrica.com/videos/2019/09/04/masisi-khama-is-not-botswana-and-neither-is-masisi/">Botswana’s President Mokgweetsi Masisi</a>, <a href="https://www.cnbcafrica.com/uncategorized/2019/09/06/the-good-the-bad-and-ugly-zimbabwes-founding-father/">Namibia’s President Hage Geingob</a> and <a href="https://www.cnbcafrica.com/videos/2019/09/04/finmin-mthuli-ncube-on-the-investment-case-for-zimbabwe/">Zimbabwe’s Finance Minister Mthuli Ncube</a> went into detail during their interviews with CNBC Africa at the World Economic Forum Africa on how their Southern African counties are open for business.</p>


		
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<p>The delegates were also there to discuss and
devise polices on “<a href="https://www.cnbcafrica.com/uncategorized/2019/09/12/why-siemens-believes-east-africa-is-an-investment-hotspot/">Shaping
Inclusive Growth</a> and <a href="https://www.cnbcafrica.com/uncategorized/2019/09/10/visa-breakfast-panel-the-impact-of-4ir-on-the-state-of-female-entrepreneurship/">Shared
Futures in the Fourth Industrial Revolution</a>”, a subject both South Africa’s
<a href="https://www.cnbcafrica.com/videos/2019/09/02/shaping-inclusive-growth-and-shared-futures-in-4ir-wef-africa-holds-media-briefing-ahead-of-wef-2019/">Finance
Minister Tito Mboweni</a> and <a href="https://www.cnbcafrica.com/videos/2019/09/04/emir-sanusi-on-how-can-africa-achieve-inclusive-growth/">Nigeria’s
Emir of Kano Muhammadu Sanusi II</a> where particularly passionate about. </p>



<p>But while inside the Cape Town
International Convention Centre (CITCC) things were cordial it was outside the
CITCC where the real action was happening. </p>



<p><a href="https://www.cnbcafrica.com/videos/2019/09/04/sa-women-protest-against-gbv-at-wefafrica19/">Hundreds
of protesters gathered</a> against gender-based violence, and members of the
Nigerian delegation departed on the first day of WEF Africa in protest against
the xenophobic violence that rocked the country. &nbsp;Even South Africa’s <a href="https://www.cnbcafrica.com/uncategorized/2019/09/05/sa-president-addresses-gbv-afrophobic-violence/">President
Cyril Ramaphosa had to take time out of his busy schedule</a> at WEF Africa to
address the continent and investors on these matters. </p>


		
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<p>Delegates at the event spoke out strongly against
Afrophobia during their interviews with CNBC Africa, such as: </p>



<ul><li><a href="https://www.cnbcafrica.com/videos/2019/09/04/anglogold-ashantis-sipho-pityana-on-how-sa-is-dealing-with-xenophobic-attacks/">AngloGold Ashanti’s Sipho Pityana on how SA is dealing with xenophobic attacks</a></li><li>South Africa’s International Relations and Cooperation Minister Naledi Pandor: <a href="https://www.cnbcafrica.com/videos/2019/09/05/sa-embassy-shut-in-nigeria-buhari-still-to-visit/">SA embassy shut in Nigeria – Buhari still to visit</a></li><li>The African Union Commission’s <a href="https://www.cnbcafrica.com/videos/2019/09/04/albert-muchanga-on-how-mutual-tolerance-is-key-in-trade-xenophobia-africas-shared-future/">&nbsp;Albert Muchanga: on how mutual tolerance is key in trade, xenophobia &amp; Africa’s shared future</a>.</li></ul>



<p>On the final day WEF Africa was also marked
by the passing of an African villain and liberator, Zimbabwe’s former President
Robert Mugabe, both inside and outside the CITCC people remembered him. </p>



<p>Such as:</p>



<ul><li>&nbsp;<a href="https://www.cnbcafrica.com/uncategorized/2019/09/06/namibian-president-geingob-on-the-good-the-bad-and-ugly-zimbabwes-founding-father/">Namibian
president Geingob on the good, the bad and ugly: Zimbabwe’s founding father</a></li><li><a href="https://www.cnbcafrica.com/videos/2019/09/06/zanu-pf-spokesperson-mandaza-reflects-on-mugabes-contribution-to-zimbabwes-liberation-struggle/">Zanu-PF
Spokesperson Mandaza reflects on Mugabe’s contribution to Zimbabwe’s liberation
struggle</a></li><li><a href="https://www.cnbcafrica.com/videos/2019/09/06/tiamiyou-radji-on-mugabe-the-fight-he-fought-has-yielded-freedom-for-us/">Tiamiyou
Radji on Mugabe: “The fight he fought has yielded freedom for us”</a></li></ul>



<p></p>

Missed the World Economic Forum (WEF) Africa 2019? Here are all the highlights

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<p>To explore how Africa can get better outcomes in healthcare, General Electric&#8217;s Commercial Leader for Africa, Clyde Lewis joins CNBC Africa&#8217;s Kenneth Igbomor for more.</p>


Clyde Lewis on plans to create sustainability of healthcare and inclusive growth across Africa

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<p>Nigeria&#8217;s second-quarter GDP slowed to 1.94 per cent, according to recent figures from the National Bureau of Statistics (NBS). To discuss measures to drive inclusive growth in Nigeria, Laoye Jaiyeola, CEO of the Nigerian Economic Summit Group (NESG) joins CNBC Africa&#8217;s Kenneth Igbomor for more.</p>


World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

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<p>As the World Economic Forum on Africa focuses on shaping inclusive growth and shared futures in the Fourth Industrial Revolution – to explore ways the continent can mitigate headwinds like xenophobia to advance trade in its shared future, Commissioner for Trade and Industry at the African Union Commission (AUC), Albert Muchanga joins CNBC Africa&#8217;s Chris Bishop and Kenneth Igbomor for more.</p>


Albert Muchanga on how mutual tolerance is key in trade, xenophobia & Africa’s shared future

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<p>The World Economic Forum (WEF) held a pre-meeting press conference with South Africa&#8217;s Minister of Finance, Tito Mboweni. CNBC Africa’s Head of Programming Chris Bishop unpacks events that unfolded.</p>


Shaping inclusive growth and shared futures in 4IR: WEF Africa holds media briefing ahead of WEF 2019

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<p>Wolfgang Schmidt, Federal State Secretary, Germany Ministry of Finance spoke to CNBC Africa about finding investment opportunities on the African continent on the sidelines of the Africa Investment Forum.</p>


Germany reaffirms commitment to Africa’s growth

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<p>South Africa’s minister of finance Tito Mboweni spoke to CNBC Africa about the importance of the Africa Investment Forum as driver for channelling infrastructure investment on the continent as well as the need to change the funding models to encourage inclusive growth.</p>


SA finmin Mboweni on infrastructure investment, achieving inclusive growth in Africa

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<p>CNBC Africa&#8217;s Aviwe Mtila recently spoke to Raghu Malhotra, President, Middle East Africa for Mastercard at the Deloitte Africa about the Economic Outlook for 2018.</p>


Inclusive growth is a $7trn opportunity for business – Deloitte Africa

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<p>The just released Macroeconomic outlook report of the Nigeria Economic Summit Group, emphasises the need for Nigeria to set a sustainable path for inclusive growth and development in 2018 and beyond.</p>


NESG’s 2018 macroeconomic outlook

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<p>First on CNBC Africa: SA’s Finance Minister Malusi Gigaba discusses recession, the inclusive growth action plan, state-owned enterprises and dealing with corruption.</p>


Minister Malusi Gigaba’s plan to resuscitate the economy

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<p>Politics has been a major driver of markets in recent years &#8211; both at home and abroad. This is not expected to change anytime soon. We are now going to get deeper insights into the ANC&#8217;s policy and strategy as it prepares to elect its next President.</p>


Jessie Duarte talks ANC policy, strategy ahead of elective conference

<p>The World Bank recently approved a total of $961 million to support programs aimed at improving inclusive growth in Nigeria. This aligns with the country&#8217;s Economic Recovery and Growth Plan. CNBC Africa&#8217;s Christycole Popoola spoke to Udoma Udo Udoma Nigeria&#8217;s minister for Budget and National Planning to discuss this and funding of Nigeria&#8217;s N7.44 trillion naira budget.</p>


Nigerian Minister Udoma talks economic recovery

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<p>Earlier this week various experts gathered to discuss how best to manage the impact of the downgrades and the recession on the reputation profile of South Africa.</p>


Experts meet to discuss how best to manage downgrades, recession

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<p>A recent report has shown that Black People are Still Largely Excluded from the Property Sector Value Chain. Meanwhile, Business Unity South Africa has launched a comprehensive approach to black economic transformation for inclusive growth.</p>


Report reveals black people still largely excluded from property sector value chain

<p>At the World Economic Forum Annual Meeting 2017, ministers of G20 countries called on members to continue on the path of inclusive growth, warning against protectionism. “If you want to get more inclusive growth, you need more free trade,” said Wolfgang Schäuble, Federal Minister of Finance of Germany, which holds the G20 presidency. Schäuble added that the G20 should be redoubling efforts to promote inclusive growth as part of free trade.<br />  <br /> Nicolas Dujovne, Minister of Treasury of Argentina, said that, after being closed to international trade, his country will embrace globalization. “The new administration is opening the economy and wants to open up and receive the benefits of globalization to generate more inclusive growth,” he said, acknowledging that trying to avoid competition and openness is not good for Argentina. Argentina will take over the G20 presidency after Germany.<br />  <br /> Mehmet Şimşek, Deputy Prime Minister of Turkey, said that protectionism is bad for global growth. He added that inclusive growth – a key focus of the 2015 Turkish G20 presidency – is important for creating jobs and reducing income inequality. “Evidence shows that inequalities constrain global growth,” he said. Despite a drop in the value of the Turkish lira, he reassured investors that the fundamentals are still there.<br />  <br /> While too early to comment on the incoming US administration’s policies, Pravin Gordhan, Minister of Finance of South Africa, said that, he expects the US to continue to play a key role in enabling global growth and creating the right framework for inclusivity. “Collective determination can lift global growth and ensure all economies benefit at the right time,” he said.<br />  <br /> Responding to a warning from Theresa May, Prime Minister of the United Kingdom to not threaten Britain for leaving the European Union, Schäuble countered, “We don’t’ want to punish the UK [for Brexit].” He explained: “We’re not happy with the decision and I don’t think it’s good for the UK or Europe … We need to minimize the damage to the EU and UK.” Schäuble added: “If you want to make our economies stable, we all agree the direction is for more growth inclusiveness and sustainability.”<br />  <br /> The 47th World Economic Forum Annual Meeting is taking place on 17-20 January in Davos-Klosters, Switzerland, under the theme <em>Responsive and Responsible Leadership</em>. More than 3,000 participants from nearly 100 countries will participate in over 400 sessions.<br /> ﻿</p>


inclusive growth

Is Africa doing enough to achieve inclusive growth?

Missed the World Economic Forum (WEF) Africa 2019? Here are all the highlights

Clyde Lewis on plans to create sustainability of healthcare and inclusive growth across Africa

World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

Albert Muchanga on how mutual tolerance is key in trade, xenophobia & Africa’s shared future

Shaping inclusive growth and shared futures in 4IR: WEF Africa holds media briefing ahead of WEF 2019

Germany reaffirms commitment to Africa’s growth

SA finmin Mboweni on infrastructure investment, achieving inclusive growth in Africa

Inclusive growth is a $7trn opportunity for business – Deloitte Africa

NESG’s 2018 macroeconomic outlook

Minister Malusi Gigaba’s plan to resuscitate the economy

Jessie Duarte talks ANC policy, strategy ahead of elective conference

Nigerian Minister Udoma talks economic recovery

Experts meet to discuss how best to manage downgrades, recession

Report reveals black people still largely excluded from property sector value chain

Ministers call on G20 to aim for inclusive growth from WEF

News Tips

Advertise With Us

inclusive growth

Is Africa doing enough to achieve inclusive growth?

Missed the World Economic Forum (WEF) Africa 2019? Here are all the highlights

Clyde Lewis on plans to create sustainability of healthcare and inclusive growth across Africa

World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

Albert Muchanga on how mutual tolerance is key in trade, xenophobia & Africa’s shared future

Shaping inclusive growth and shared futures in 4IR: WEF Africa holds media briefing ahead of WEF 2019

Germany reaffirms commitment to Africa’s growth

SA finmin Mboweni on infrastructure investment, achieving inclusive growth in Africa

Inclusive growth is a $7trn opportunity for business – Deloitte Africa

NESG’s 2018 macroeconomic outlook

Minister Malusi Gigaba’s plan to resuscitate the economy

Jessie Duarte talks ANC policy, strategy ahead of elective conference

Nigerian Minister Udoma talks economic recovery

Experts meet to discuss how best to manage downgrades, recession

Report reveals black people still largely excluded from property sector value chain

Ministers call on G20 to aim for inclusive growth from WEF

News Tips

Advertise With Us

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