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CNBC’s Dan Murphy caught up with some young tech entrepreneurs in Dubai to find out how they are using innovation to add value to everyday life. CNBC International filed this report.

Dubai Expo 2020: Dubai’s young tech entrepreneurs

The future of the world hinges on the future of Africa. A bold statement? The UAE doesn’t think so and has backed the sentiment with a USD 500 million investment to empower the continent’s youth. Her Excellency Reem Al Hashimy, UAE Minister for International Cooperation and Director General, Expo 2020 Dubai Bureau, explains why investing in human capital is key to Africa’s development – and how it will drive progress in the rest of the world. 



Written by: HE Reem Al Hashimy 



Africa is the future – not just for Africans, but for the entire world. The youngest, fastest-growing continent on the planet is brimming with promise, and the global community has a shared responsibility to ensure it grasps that opportunity for the good of us all.



Why?
Africa’s population of more than 1.3 billion will double by the middle of this
century, potentially rising to four billion people by 2100 – or around one
third of the global population. 



The
UAE, which has a near-50-year partnership with Africa – a friendship based on
mutual respect and vision that continues to flourish to this day – shares the
view of many African and development experts that the future of Africa cannot
be built on traditional aid, focused largely on physical infrastructure and
basic needs. We recognise that the real value lies in the long-term building of
human capital, which is why we are investing in Africa’s greatest resource: its
people, particularly its youth. 



Huge
strides have been made in the last 15 years. Now – at the start of the third
decade of the Millennium – we need to step it up and help underpin Africa’s
potential through its people, because how Africa develops, how it ensures its
stability, builds on its successes and overcomes its challenges, will have
enormous implications, not just for the continent itself, but for every country
on the planet. 



The recent
launch of the UAE Consortium for Africa takes our partnership to the next
level, with the UAE committing to invest USD 500 million (AED 1.83 billion) –
in a consolidation of government and private resources– into a continent whose
future development will inevitably bolster positive progress throughout the
rest of the world.



As many countries face ageing and dwindling populations, the opposite is
true in Africa. The continent is home to 226 million people aged between 15 and
24 – that’s 20 per cent of the population; in 15 countries in sub-Saharan
Africa, half the population is under age 18; and by 2035, Africa’s working
population will exceed that of the rest of the world combined. That growing
potential talent pool combined with a formidable market represents a powerful
‘population dividend’.



The Consortium is geared towards a vision of a new, ‘turbocharged’ and
connected Africa, driven by an enabled
and optimistic youth. More than any structures of concrete or steel,
the foundations of this future will be built on a new generation of creative, collaborative
and critical thinkers. 



Young
people are the backbone of this great continent. And unlocking their potential,
through up-skilling, re-skilling and building a solid digital infrastructure –
is a crucial development priority. 



That is why the first priorities of the Consortium will focus
on digitisation and youth: to ensure that every single
person is connected; that young people have the skills to embrace, rather
than be overwhelmed by, the opportunities that will naturally follow, and are able
to look forward with
optimism to a future that is firmly in their control.



We know that technology can transform lives and growing that technology
will bridge the gap between tradition and progress, with wide-ranging benefits
for communities, economies and beyond. 



This is already underway. Almost half the people of Africa subscribe to
mobile services, and in 2019, the number of tech hubs across Africa grew by
nearly 50 per cent, with Africa the fastest growing continent for developers
globally. But internet speeds lag and mobile data costs around eight per cent
of average income – more than anywhere else globally.



Innovation and re-skilling youth for the industries of tomorrow, including those jobs that have yet to be
invented, while also catalysing a spirit of
entrepreneurism – this is key to harnessing the potential of a youthful
population and driving sustainable growth and development. 



This aim of the Consortium will receive a huge boost by the next World Expo in Dubai. For six months from 20 October this year, Expo
2020 Dubai will give Africa a global stage like it has never enjoyed before,
and a platform to showcase policy with the potential to change the future – not
just of Africa, but of the world.&nbsp; 



The African Union will, for the first time, host
a pavilion at Expo 2020. Millions of visitors will step in to a colourful, arena
devoid of national borders, where they will discover Africa’s vast potential
and optimism for the future, reflected in its Agenda 2063 aspirations that
address agriculture, transport, science and technology, and health.



Expo 2020 will offer African nations the ideal
platform to show their individual visions for the future, with each country
having its own pavilion for the first time in the near 170-year history of
World Expos.



The potential for new forms of partnerships,
across the continent and across the globe, is tremendous, with many of the 192
participating nations eager to widen and deepen their ties with Africa.



Human potential is at the heart of creating an
Africa we all want to see. The continent’s future is being built from within,
by mobilising a young, entrepreneurial generation that knows what it is to be
empowered, thereby embracing and enacting sustainable positive change with
implications on a local, pan-continental and international level.



Both the UAE Consortium for Africa and Africa’s
Expo 2020 participation at The World’s Greatest Showcase of human brilliance
and achievement can only help bring that exciting, optimistic new future a big
step closer.

HE Reem Al Hashimy

Powering Africa’s bright future: how digitising a continent’s youth will drive global progress

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The President of African Export-Import Bank, Benedict Oramah says there is political will and support towards initiatives and tasks set out by the bank across Africa. He spoke to CNBC Africa’s Godfrey Mutizwa on the sidelines of the 33rd African Union Summit to share his thought on political support on the continent.

AU Summit 2020: Afreximbank President Oramah: Political will remains key to African free trade

Africa’s most dynamic thought-leaders, industry game-changers
and icons of social activism are set to feature at the ex<a>clusive
FORBES WOMAN AFRICA Leading Women Summit </a>presented by Mastercard (#LWS2020KZN)
and hosted by the KwaZulu-Natal government &#8211; taking place at the Inkosi Albert
Luthuli ICC Complex in Durban on Friday, 6 March 2020.



For the 5th edition of this globally-renowned
event, panellists and speakers will engage with the impactful 2020 theme, ‘The
Ceiling Crashers 2.0: Power with Purpose’. The day’s thought-provoking
discussions will be followed by the highly-anticipated <a>FORBES
WOMAN AFRICA Awards Gala Dinner </a>which celebrates the continent’s most
influential female ‘ceiling crashers’ across a number of key categories.&nbsp; 



“The <a>FORBES WOMAN AFRICA Leading
Women Summit </a>has grown to become one of the biggest female-empowerment
events, boasting a high calibre of attendees and unparalleled speaker line-up,”
said Renuka Methil, Managing Editor of FORBES WOMAN AFRICA. 



“This promises to be the biggest instalment yet,
featuring female pioneers and path-breakers across the continent. Audiences will
be exposed to dynamic discussions about the growing the number of women in
leadership &#8211; something government and business really need to factor into their
strategies. We will also get to grips with a new discourse that focuses on dismantling
power structures and the need for truly inclusive cultures in business and
society.”



This highly-anticipated event, which is hosted annually
in honour of International Women’s Day, is expected to draw an audience of
around 1 000 leading women. Through hard-hitting talks, fireside chats and
insightful panel sessions centred on ‘ceiling crashers’, attendees will be
inspired to make meaningful changes within their own industries, secure in the
knowledge that they have the support of these innovative allies. This year’s
programme promises an influential mix of leaders in healthcare and business;
advocates of social and environmental activism; award-winning artists and
internationally-renowned stateswomen. 



For the first time, FORBES WOMAN AFRICA will be releasing
its own list of ‘Africa’s Most Powerful Women’, many of whom will be attending
the summit. The list will be published in the March issue of the magazine, outlining
those who have been leading ideas and industries while purposefully
contributing to nation-building and positively impacting the lives around them.



The FORBES WOMAN AFRICA Awards Gala Dinner, which is
hosted the evening of the summit, is an opportunity to recognise the
trailblazers and role models who have created a new narrative within their
industries. By challenging authority and ‘old school’ traditions, they are
enabling future generations to live in a better and more equal world. 



Beatrice Cornacchia, Senior Vice President, Marketing and
Communications, Mastercard Middle East and Africa, said: “African women are a
vital source of innovation, prosperity, and economic growth. Yet inequality and
exclusion still hold women back in many aspects of their everyday lives &#8211; from
growing their businesses to having the financial tools to participate in the
formal economy; from joining the C-Suite to following their passions. We are
proud to partner with FORBES WOMAN AFRICA as we believe that it is only by
bringing diverse perspectives to the table that we can unlock Africa’s
possibilities to women.”



Managing Director of the ABN Group, Roberta Naicker, said
the organisation was excited that the KwaZulu-Natal government would, once
again, play host to this illustrious event, which serves to highlight the
continent’s most influential female leaders while also shining a spotlight on
this beautiful region. “A summit of this calibre showcases that KZN is being
positioned as a world-class events’ destination. We are excited to have
renowned speakers and attendees will get the opportunity to engage on hard-hitting
issues during the summit, while also affording them the chance to enjoy the
many recreational tourism sites and activities for which KZN is renowned.”



Tickets to the exclusive 2020 FORBES WOMAN AFRICA Leading
Women Summit and Gala Dinner are available at a cost of R3499, available
through Webtickets (<a href="https://www.webtickets.co.za/v2/event.aspx?itemid=1496991848">https://www.webtickets.co.za/v2/event.aspx?itemid=1496991848</a>).
Tickets are limited and interested parties are urged to book early to avoid
disappointment. There are also select opportunities to get involved with the event
sponsorship, exhibiting at the on-site marketplace or by sponsoring a mentee. Please
visit website for further details.



The 2020 FORBES WOMAN AFRICA Leading Women Summit is
presented by Mastercard (@MastercardMEA) and hosted by KZN Provincial
Government (@KZNgov). Keep updated on all the latest news and announcements on
Twitter @LWSummit and join the conversation using the hashtags #LWS2020KZN
#DOKZN.



Contact details:



Office: +27 (11) 384 0300



Sponsorship and exhibition opportunities: <a href="mailto:Sales_South_Africa@abn360.com">Sales_South_Africa@abn360.com</a> 



Media partnerships and press accreditation: <a href="mailto:oj@oliviajones.co.za">oj@oliviajones.co.za</a> 



Event-related queries: <a href="mailto:events@abn360.com">events@abn360.com</a>

Website:<a href="http://www.Leadingwomensummit.co.za">www.Leadingwomensummit.co.za</a>

Africa’s most dynamic thought-leaders, industry game-changers and icons of social activism set to feature at the exclusive FORBES WOMAN AFRICA 2020 Leading Women Summit

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CNBC’s Dan Murphy says Dubai is ripe for innovation with an emerging economy and a mission to become a smart city by 2021. So how is this luxury travel location morphing into a haven for tech entrepreneurs? Dan murphy reports.

Expo 2020: Dubai’s rising start-up ecosystem

By Chris Bishop



Gold was a topic that glistered throughout the Mining Indaba in Cape Town this week. Its price continues to climb &#8211; more than 12% in the last year alone – and the interest in digging more of it up in Africa is growing.



There are around 190,000 tonnes of gold in the world and
demand for it is outstripping supply. A report from the World Gold Council circulated,
at the Mining Indaba, said annual supply of gold was 3400 tonnes while demand
was at 4500 tonnes. The demand is being driven by central banks who are buying
a pile of the yellow metal every year. In 2018, central banks bought 656 tonnes
– the biggest amount since major economies came off the gold standard – and
last year another 650 tonnes. The buoyant demand is being put down to economic
jitters around the world and the eroding of trust in the dollar.&nbsp; 



“The gap between demand and supply is being filled by
recycled jewellery but there are not enough new gold mines being built,” says
John Reade, the head of research for the World Gold Council.



[WATCH] <a href="https://www.cnbcafrica.com/videos/2020/02/05/miningindaba2020-has-gold-production-peaked/">#MiningIndaba2020:
Has gold production peaked?</a>



Reade, who worked in South African mines for Gencor,
believes now mines will come on stream, but slowly, with hopes of a 30%
increase by 2029. He said growth in gold mines was unlikely to be seen in South
Africa where environmental and regulatory concerns were dampening new
investment.



In South Africa, also, the deep narrow shafts of the gold
mines, some going down as far as four kilometres, were making the seams
expensive and hazardous to mine by many of the 93,150 people who work in the
operations. The Minerals Council of South Africa also warned at the Mining
Indaba of the bitter and costly harvest of power cuts in the country. In 2019,
according to the latest MCSA report, gold production fell by 13.5 %, to 101.3
tonnes, largely due to power cuts of up to 3000MW at a time.&nbsp; 



No matter, say the West Africans who appear poised to profit
from growing gold demand. West Africa has a competitive advantage over the more
established gold fields in the south. Its deposits are shallow, easy to get to
and largely under exploited. It is a sign of the times that the winner of the
investment battlefield contest – where people put their mining projects before
a panel of experts – was a 2.2 million oz open cast gold project in Cote D’Ivoire
that hopes to be 3 million oz before the end of the year.



Both Ghana and Nigeria are working on their mining codes to
ease the cost of doing business to encourage more capital.



Nigeria, in particular, has high hopes, even though its
mining is in its infancy and the whole economy struggles from a lack of
electricity. 
“We are sorting out this power problem and we hope to one day export more gold
than oil from Nigeria,” says the minister of mines and steel development
Olamilekan Adegbite.



The minister needs a golden touch combined with steel
resolve to see it through.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;



[WATCH] <a href="https://www.cnbcafrica.com/videos/2020/02/05/miningindaba2020-nigerias-gold-exportation-has-potential-to-surpass-oil-and-gas-minister-olamilekan-adegbite/">#MiningIndaba2020: “Nigeria’s gold exportation has potential to surpass oil and gas” – Minister Olamilekan Adegbite</a>

#MiningIndaba2020: How Nigeria wants to become the gold coast as well as the oil capital

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Nigeria’s Minister for Mines and Steel Development, Olamilekan Adegbite, says the country will hopefully export gold officially for the first time in history by the end of the year, as the construction of a mine for its gold project in Osun State is ongoing. He spoke to CNBC Africa’s Chris Bishop on the side-lines of the African Mining Indaba in Cape Town.

#MiningIndaba2020: “Nigeria’s gold exportation has potential to surpass oil and gas” – Minister Olamilekan Adegbite

By Shirley Webber, Coverage Head Natural Resources at Absa Corporate and Investment Banking (CIB). Global investor interest in Africa’s mining sector remains strong despite various challenges facing the sector. The African continent has vast resources with sustainable future growth in the&nbsp;exploration and development of commodities, and therefore the growing demand for these strategic resources by foreign investors and commodity users worldwide in the long term. 



However,
to harness this interest, stable political environments, compliance with
legislation, stable labour relations and regulatory certainty will be key to ensure
the continent remains an attractive destination for mining investment. 



The
regulatory environment must be certain and consistent from one year to the next
because mining is a long-term business, and from a bank’s view, it is a three
to five-year investment. Therefore, both banks and shareholders need
consistency, be it regulations or aspects like royalty taxes for example.



The
regulatory environment across some African countries is improving for the
mining and metals sector as governments realise the importance of providing
certainty to attract new investment. As a result, some investors have been
considering green-fields projects, especially in West and East Africa. There’s
a renewed focus on battery minerals as well and this is evident in the drilling
activity on the African continent over the last two years. Increased capital
expenditure is envisaged in gold, copper, lithium, mineral sands, cobalt and
graphite. 



There
is a more collaborative approach between governments and investors in order to
attract sustainable investment in the regions. The key to unlocking investments
into Africa is for industry stakeholders to continue to collaborate responsibly
to promote investment in mining and ultimately economic growth in the countries
they operate.



Equally
important will be the availability of reliable cost-effective power supply. For
example, there have been power cuts in South Africa, and this has affected
mining companies. Mining companies prefer certainty about the available power
so that they can manage their cost structures and plan production accordingly.
In the rest of Africa similar energy crisis situations are evident, therefor
the need for more renewable energy sources, thereby curbing power interruptions
and costs in the long-run.



Because
mining is a capital-intensive business, factors such as rising production
costs, infrastructure challenges, electricity supply as mentioned and rising labour
costs continue to be of major concern to mining companies. &nbsp;And these are issues which need to be dealt
with responsibly. 



As
costs rise and margins come under pressure, diversification will be important
for the mining and metals industry to ensure that companies remain competitive
with volatile economic cycles and commodity prices. &nbsp;



Diversification
is a key differentiator as it is not only about &nbsp;various commodities but also geographical
diversification too. Some of the mining companies are expanding into both
Africa and globally. On the other hand, consolidation remains a key theme that
includes large players forming one entity for efficiencies or even selling of
parts of the value chain. 



The long term sustainability is dependent
on sourcing, developing and mining high grade reserves. Change
in the reserves’ estimates or development prospects pose a risk to mining
companies. It will however be important to achieve efficiencies particularly as
the cost of extraction continues to rise due to the geology of some minerals
which is forcing mining companies to access more difficult reserves underground.
It is important to focus on enhancing operational efficiency to perhaps look at
inclusion of automation and new technologies where applicable.



Equally
of concern to mining companies is the volatility in commodity and foreign
currency markets which will need appropriate risk management strategies in
order to ensure financial institutional funding of investments in mining. Innovative hedging solutions to clients who have
exposures to interest rate fluctuation, foreign exchange fluctuation and
commodity variability are necessities for operational project success. 



Banks
such as Absa, which is one of the 130 banks from 49 countries who are
signatories to the United Nations Principles for Responsible Banking, now have
an increasing and important role to play by funding not only commercially
viable projects but also ensuring that they complied with sustainability
principles which align business strategy to society’s goals. 



The
key role of a bank like Absa now includes making sure that where we provide
funding, the economy and communities benefit. Going forward when considering
funding of certain commercially viable projects which include natural resources
and extraction, lenders will place additional focus on the positive impact of
funding and whether it aligns with a country’s developmental goals, the
environment and its people. 



Non-compliance
with environmental laws can lead to production interruptions, reputational
damage, and substantial fines/clean-up costs. Mining operations are subject to
various stringent and complex environmental, health and safety laws and
regulations. In this respect, capital providers can guide their clients and
stakeholders in their requirements for funding by applying the Equator
Principles which include applicable IFC Performance Standards on Environmental
and Social Sustainability Guidelines for various sectors and for funding
natural resources and extraction transactions.

#MiningIndaba2020: Global investor interest in mining in Africa remains high, but more can be done…

By Chris Bishop 



The owners of the luxury Westin Hotel in Cape Town could have slept soundly last night knowing they were guaranteed to make at least R3.5 million ($233 226) as the Africa #MiningIndaba2020 and its nearly 7,000 delegates rolled into town.



READ: <a href="https://www.cnbcafrica.com/zdnl-mc/2020/01/30/will-sa-regain-its-top-spot-in-gold-mining-what-to-expect-from-miningindaba2020/">Will SA regain its top spot in gold mining? What to expect from #MiningIndaba2020</a>



The Mining Indaba – the biggest mining gathering on the planet – kicks off tomorrow Monday and the organisers say more than 40 African ministers and the President of Sierra Leone Julius Maada Bio will attend. Mining accounts for 80% of Sierra Leone’s exports – mining everything from mineral sands to diamonds and iron ore &#8211; and its president wants to revive the economy by rewriting the country’s mining law.



 Tune in daily from 3-6th February as CNBC Africa brings you all the action from #MiningIndba2020 brought to you by Brand South Afric<a href="https://twitter.com/hashtag/InvestInSAMining?src=hashtag_click">a #InvestInSAMining</a> 



All 26 editions of the Mining Indaba have been held in Cape
Town. Joanna Kotyrba, Head of Marketing for the Mining Indaba attributes this
to Cape Town being South Africa’s top conference destination on the African
continent and it is considered as one of the premier business events
destinations in the world. 



“By hosting Mining Indaba events in Cape Town, we not only
ensure our events attract top delegates from around the world, but we are also
supporting the city and province’s goals of economic growth and job creation in
the areas of conferencing, tourism and hospitality,” she told CNBC Africa.



Many of Africa’s top politicians are staying in the 4,500 hotel rooms that are a 10-minute walk from the Cape Town International Convention Centre where the Mining Indaba will be held throughout this week. Word is in the Cape Town hotel business that every one of these rooms are sold out this week. It is part of a wave of currency that comes with the many conferences held in Cape Town that see a surge in demand for cars, hotels and food right down to airport shuttles and shoeshines.



One of the hotels that make up the 4,500 rooms a hop-skip
and a jump from the Mining Indaba is the plush Westin Hotel on the doorstep of
the conference. Its 500 rooms are sold out, according to sales and marketing
director Stacey Hopkins. This means the hotel takes at least R3.5 million in
revenue every night that it is packing them in from the Mining Indaba.



“The Mining Indaba is good for business in Cape Town,” says
Hopkins.



“We have struggled against a water shortage for a long time
and conferences are helping us improve business.”



Hopkins said matters were improved even more for the hotel
business in that many Mining Indaba delegates choose to extend their stay in
Cape Town around conference to make time for holidays and business
meetings.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

How #MiningIndaba2020 is bringing in millions for tourism in Cape Town

Dubai Expo 2020: Finding investment opportunities in Dubai’s hospitality industry

EXPO 2020: Building investment links between Africa & Dubai

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Sudan has begun allowing private traders to export gold, a move expected to crack down on smuggling and attract foreign currency into the country’s cash-strapped treasury. Until January 1st 2020, when the decision was made, Sudan’s Central Bank had been the sole body legally allowed to buy and export gold and set up centers to buy the metal from small-scale miners. Hajooj Kuka, Analyst and Activist joins CNBC Africa for more on what the country is doing to revive the economy.

Sudan allows private traders to export gold in bid to boost revenues

Dubai Expo 2020: Exploring avenues for growth in public and private sector

How the Dubai Expo 2020 can boost cross-border investments

EXPO 2020: Unpacking the Dubai investment case

AfDB’s 125% capital increase: What it means for Africa

Expo 2020

Dubai Expo 2020: Dubai’s young tech entrepreneurs

Powering Africa’s bright future: how digitising a continent’s youth will drive global progress

AU Summit 2020: Afreximbank President Oramah: Political will remains key to African free trade

Africa’s most dynamic thought-leaders, industry game-changers and icons of social activism set to feature at the exclusive FORBES WOMAN AFRICA 2020 Leading Women Summit

Expo 2020: Dubai’s rising start-up ecosystem

#MiningIndaba2020: How Nigeria wants to become the gold coast as well as the oil capital

#MiningIndaba2020: “Nigeria’s gold exportation has potential to surpass oil and gas” – Minister Olamilekan Adegbite

#MiningIndaba2020: Global investor interest in mining in Africa remains high, but more can be done…

How #MiningIndaba2020 is bringing in millions for tourism in Cape Town

Dubai Expo 2020: Finding investment opportunities in Dubai’s hospitality industry

EXPO 2020: Building investment links between Africa & Dubai

Sudan allows private traders to export gold in bid to boost revenues

Dubai Expo 2020: Exploring avenues for growth in public and private sector

How the Dubai Expo 2020 can boost cross-border investments

EXPO 2020: Unpacking the Dubai investment case

AfDB’s 125% capital increase: What it means for Africa

Dubai Expo 2020: Exploring real estate opportunities

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Expo 2020

Dubai Expo 2020: Dubai’s young tech entrepreneurs

Powering Africa’s bright future: how digitising a continent’s youth will drive global progress

AU Summit 2020: Afreximbank President Oramah: Political will remains key to African free trade

Africa’s most dynamic thought-leaders, industry game-changers and icons of social activism set to feature at the exclusive FORBES WOMAN AFRICA 2020 Leading Women Summit

Expo 2020: Dubai’s rising start-up ecosystem

#MiningIndaba2020: How Nigeria wants to become the gold coast as well as the oil capital

#MiningIndaba2020: “Nigeria’s gold exportation has potential to surpass oil and gas” – Minister Olamilekan Adegbite

#MiningIndaba2020: Global investor interest in mining in Africa remains high, but more can be done…

How #MiningIndaba2020 is bringing in millions for tourism in Cape Town

Dubai Expo 2020: Finding investment opportunities in Dubai’s hospitality industry

EXPO 2020: Building investment links between Africa & Dubai

Sudan allows private traders to export gold in bid to boost revenues

Dubai Expo 2020: Exploring avenues for growth in public and private sector

How the Dubai Expo 2020 can boost cross-border investments

EXPO 2020: Unpacking the Dubai investment case

AfDB’s 125% capital increase: What it means for Africa

Dubai Expo 2020: Exploring real estate opportunities

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