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Ugandan climate Activist, Vanessa Nakate was recently erased from a photo taken of climate activists by the Associated Press at the just concluded World Economic Forum. The act received a lot of backlash from institutions in Africa describing it as silencing of black African voices. Climate Activist, Vanessa Nakate joins CNBC Africa for more.</p>


Climate activist Vanessa Nakate gives voice to Africans over climate change crisis

#WEF20: Providing clean energy in fragile contexts

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<p>CNBC International spoke to Amjad Bseisu, the CEO of EnQuest about what the consequences are if UK and European investors push oil and gas companies to hard resulting in them not investing in European assets.</p>


World Economic Forum: EnQuest CEO on how to tackle the climate change crisis

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<p>Ghana’s President, Nana Akufo-Addo says the country’s national budget reflects its commitment towards the implementation of the Sustainable Development Goals (SDGs). He made this remark while speaking on Ghana’s climate change strategy, economic transformation and more at a press conference in the ongoing World Economic Forum in Davos.</p>


World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

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<p>CNBC International spoke with UBER CEO, Dara Khosrowshahi to discuss the company&#8217;s growth prospects in 2020.</p>


World Economic Forum: UBER CEO Khosrowshahi on company’s growth prospects in 2020

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<p>CNBC International spoke with the Darryl White, the CEO of BMO Financial Group asking him if he thinks it’s inevitable that rates cuts will be coming out of the Bank of Canada.</p>


World Economic Forum: BMO CEO on the future of finance

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<p>At the ongoing World Economic Forum Annual Meeting in Davos, CNBC International had a conversation with CEO of Volkswagen (VW), Herbert Diess on their current performance and future plans.</p>


World Economic Forum: Volkswagen CEO on tech ventures

World Economic Forum: Volkswagen CEO on tech ventures, partnerships & future plans

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<p>The CEO of Standard Chartered, Bill Winters, says the global economy is growing below potential but adds that global growth and trade should pick up this year. Winters made this statement in a chat with CNBC on the sidelines of the World Economic Forum in Davos.</p>


World Economic Forum: “Global economy growth below potential” –Standard Chartered CEO Bill Winters

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<p>The global economy is consuming 100 billion tonnes of materials a year for the first time ever but re-use of resources has gone into reverse. That’s according to the 2020 Circularity Gap Report launched at the World Economic Forum in Davos by Circle Economy. Marc De Wit, Director of Strategic Alliances at Circle Economy joins CNBC Africa to unpack the report.</p>


World Economic Forum: Global resource consumption passes 100bn tonnes/YR – Circularity Gap Report

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<p>At the ongoing World Economic Forum Annual Meeting in Davos, CNBC International spoke to CEO of Siemens, Joe Kaeser for an outlook on the multinational conglomerate company.</p>


World Economic Forum: Siemens CEO Joe Kaeser on its global growth strategy

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<p>Khaya Gobodo, Managing Director of Old Mutual Wealth joins CNBC Africa to discuss the group’s $8.3 billion commitment towards creating inclusive and sustainable economies.</p>


Old Mutual commits $8.3bn towards creating inclusive and sustainable economies

#WEF20: Why Old Mutual is committing $8.3bn towards creating inclusive and sustainable economies

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<p>CNBC international spoke with Hong Kong&#8217;s chief executive Carrie Lam at the World Economic Forum meeting in Davos about The city&#8217;s recent Moody’s ratings downgrade and the economic impact from the Hong Kong protests.</p>


World Economic Forum: Carrie Lam on economic impact of Hong Kong protests


<p>By <a href="https://www.cnbc.com/karen-gilchrist/">Karen Gilchrist </a></p>



<p>For decades, political and economic policies have been built on the promise of helping people do better than the generations before them. But still today, in 2020, the opportunities we get in life remain largely dictated by the socio-economic circumstances we’re born into.</p>



<p>That’s the finding of a new report from the&nbsp;<a href="https://www.cnbc.com/davos-world-economic-forum/">World Economic Forum</a>, which says that most countries are failing to stamp out historical inequalities that prevent people from realizing their full potential.</p>



<p>In its inaugural&nbsp;<a href="https://www.weforum.org/reports/global-social-mobility-index-2020-why-economies-benefit-from-fixing-inequality" target="_blank" rel="noreferrer noopener">Global Social Mobility Index</a>&nbsp;released Monday, WEF found that just a handful of governments — specifically those in Scandinavian countries — have succeeded in laying the foundations for greater social mobility and more prosperous futures for their citizens.</p>



<p>Social mobility refers to the ability for individuals, families or households to move between various socio-economic strata within a society.</p>



<p>The social framework has long been used as a measure of a society’s socio-economic progress, comparing outcomes such as a person’s earnings versus their parents. However, WEF’s new report looks instead at inputs, such as the policies, practices and institutions within a society.</p>



<p>The report comes as leaders gather to discuss key global issues at WEF’s 50th anniversary in Davos, Switzerland.</p>



<p><a href="https://www.cnbc.com/id/10000268">Denmark</a>,&nbsp;<a href="https://www.cnbc.com/id/10000281">Norway</a>, Finland,&nbsp;<a href="https://www.cnbc.com/id/10000286">Sweden</a>&nbsp;and&nbsp;<a href="https://www.cnbc.com/id/10000276">Iceland</a>&nbsp;— incidentally some of the&nbsp;<a href="https://www.cnbc.com/video/2020/01/09/why-finland-and-denmark-are-the-happiest-countries-in-the-world.html">world’s happiest countries</a>&nbsp;— ranked as the five most socially mobile countries, thanks to their supportive education and employment frameworks.</p>



<p>Other major economies like the&nbsp;<a href="https://www.cnbc.com/united-kingdom/">U.K.</a>&nbsp;(21st),&nbsp;<a href="https://www.cnbc.com/id/10000385">U.S.</a>&nbsp;(27th),&nbsp;<a href="https://www.cnbc.com/china/">China</a>&nbsp;(45th) and&nbsp;<a href="https://www.cnbc.com/india/">India</a>&nbsp;(76th), however, failed to make the top quartile.</p>



<p>To conduct the research, WEF benchmarked 82 countries according to 10 pillars deemed necessary for cultivating social mobility. Those included health care, education, technology access, work opportunities, working conditions, fair wages, social protection and inclusive institutions.</p>



<p><strong>WEF&#8217;s Global Social Mobility Index Ranking 2020 </strong></p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.cnbcafrica.com/wp-content/uploads/2020/01/Make-it-WEF.png" alt="" class="wp-image-353936" width="479" height="559" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Make-it-WEF.png 469w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Make-it-WEF-257x300.png 257w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Make-it-WEF-359x420.png 359w" sizes="(max-width: 479px) 100vw, 479px" /><figcaption> Source: <a rel="noreferrer noopener" href="https://datawrapper.dwcdn.net/oTOMN/2/" target="_blank">World Economic Forum</a>  <a href="data:application/octet-stream;charset=utf-8,Country%2CRank%20(Out%20of%20100)%0ADenmark%2C85.2%0ANorway%2C83.6%0AFinland%2C83.6%0ASweden%2C83.5%0AIceland%2C82.7%0ANetherlands%2C82.4%0ASwitzerland%2C82.1%0AAustria%2C80.1%0ABelgium%2C80.1%0ALuxembourg%2C79.8%0AGermany%2C78.8%0AFrance%2C76.7%0ASlovenia%2C76.4%0ACanada%2C76.1%0AJapan%2C76.1%0AAustralia%2C75.1%0AMalta%2C75%0AIreland%2C75%0ACzech%20Republic%2C74.7%0ASingapore%2C74.6">Get the data</a>  <a rel="noreferrer noopener" href="https://www.datawrapper.de/_/oTOMN/" target="_blank">Created with Datawrapper</a> </figcaption></figure></div>



<p>In particular, it found that most countries lagged behind in four areas: fair wages, social protection, working conditions and lifelong learning.</p>



<p>Social mobility — or a lack of it — has serious implications not only for individuals, but also for the societies they live, the report noted. While some nations have taken steps to build more inclusive systems, much remains to be done to get the foundations right, according to WEF’s founder and executive chairman, Klaus Schwab.</p>



<p>“The social and economic consequences of inequality are profound and far-reaching: a growing sense of unfairness, precarity, perceived loss of identity and dignity, weakening social fabric, eroding trust in institutions, disenchantment with political processes, and an erosion of the social contract,” Schwab.</p>



<p>“The response by business and government must include a concerted effort to create new pathways to socioeconomic mobility, ensuring everyone has fair opportunities for success.”</p>



<p><em>This article was first published on CNBC <a href="https://www.cnbc.com/2020/01/21/wef-where-youre-born-determines-the-opportunities-you-get-in-life.html">https://www.cnbc.com/2020/01/21/wef-where-youre-born-determines-the-opportunities-you-get-in-life.html</a> and is republished with its permission.</em></p>


Child_Poverty_Shutterstock

Where you’re born determines the opportunities you get in life, says the World Economic Forum

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<p>The booming Chinese tech industry gives opportunities for big gains from that marketplace. CNBC International spoke to one of the Chinese big tech players, Group CEO of Naspers and Prosus, Bob van Dijk, about how he looks at Chinese tech industry.</p>


World Economic Forum: Bob van Dijk: Why we are excited about India

World Economic Forum: Bob van Dijk: Why we are excited about India, recyclables

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<p>CNBC International spoke with the president of Botswana Mokgweetsi Masisi at this year’s World Economic Forum on his plan to push Botswana&#8217;s growth potential locally and internationally.</p>


World Economic Forum: Botswana’s Mokgweetsi Masisi on why the youth

World Economic Forum: Botswana’s Mokgweetsi Masisi on why the youth, leapfrogging present a big advantage for the country’s growth

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<p>The South African government spends nearly 50 per cent of its budget on social grants, education and health and yet according to a new World Economic Forum report says South Africa is one of the worst performers in terms of social mobility- thanks largely to the poor outcomes in education, health and employment. Former Johannesburg Mayor Herman Mashaba spoke with CNBC Africa reporter Karabo Letlhatlha for more.</p>


Herman Mashaba: Why Ramaphosa has missed the economic opportunity

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<p>The Special Adviser to Nigeria’s President on Social Investment, Maryam Uwais, says it is critical for global stakeholders to think more inclusively. She also stressed the importance of driving the human capital elements across states in Nigeria. Uwais joins CNBC Africa’s Kenneth Igbomor for more ahead of the 2020 World Economic Forum.</p>


World Economic Forum

Climate activist Vanessa Nakate gives voice to Africans over climate change crisis

#WEF20: Providing clean energy in fragile contexts

World Economic Forum: EnQuest CEO on how to tackle the climate change crisis

World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

World Economic Forum: UBER CEO Khosrowshahi on company’s growth prospects in 2020

World Economic Forum: BMO CEO on the future of finance

World Economic Forum: Volkswagen CEO on tech ventures, partnerships & future plans

World Economic Forum: “Global economy growth below potential” –Standard Chartered CEO Bill Winters

World Economic Forum: Global resource consumption passes 100bn tonnes/YR – Circularity Gap Report

World Economic Forum: Siemens CEO Joe Kaeser on its global growth strategy

#WEF20: Why Old Mutual is committing $8.3bn towards creating inclusive and sustainable economies

World Economic Forum: Carrie Lam on economic impact of Hong Kong protests

Where you’re born determines the opportunities you get in life, says the World Economic Forum

World Economic Forum: Bob van Dijk: Why we are excited about India, recyclables

World Economic Forum: Botswana’s Mokgweetsi Masisi on why the youth, leapfrogging present a big advantage for the country’s growth

Herman Mashaba: Why Ramaphosa has missed the economic opportunity

Driving inclusive human capital investment in Nigeria

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World Economic Forum

Climate activist Vanessa Nakate gives voice to Africans over climate change crisis

#WEF20: Providing clean energy in fragile contexts

World Economic Forum: EnQuest CEO on how to tackle the climate change crisis

World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

World Economic Forum: UBER CEO Khosrowshahi on company’s growth prospects in 2020

World Economic Forum: BMO CEO on the future of finance

World Economic Forum: Volkswagen CEO on tech ventures, partnerships & future plans

World Economic Forum: “Global economy growth below potential” –Standard Chartered CEO Bill Winters

World Economic Forum: Global resource consumption passes 100bn tonnes/YR – Circularity Gap Report

World Economic Forum: Siemens CEO Joe Kaeser on its global growth strategy

#WEF20: Why Old Mutual is committing $8.3bn towards creating inclusive and sustainable economies

World Economic Forum: Carrie Lam on economic impact of Hong Kong protests

Where you’re born determines the opportunities you get in life, says the World Economic Forum

World Economic Forum: Bob van Dijk: Why we are excited about India, recyclables

World Economic Forum: Botswana’s Mokgweetsi Masisi on why the youth, leapfrogging present a big advantage for the country’s growth

Herman Mashaba: Why Ramaphosa has missed the economic opportunity

Driving inclusive human capital investment in Nigeria

News Tips

Advertise With Us

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