Afreximbank Fifth Annual Babacar Ndiaye Conference: The Importance of Science, Technology and Innovation in Transforming African Economies Under AfCFTA

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The keynote speaker at this year’s Babacar Ndiaye conference is the former President of Mauritius and the 2007 L’Oréal Prize winner.UNESCO For the Women in Science Awards, Professor Ameenah Gurib-Fakim; The conference will focus on the key role that science, technology and innovation can play in boosting productivity and accelerating industrialization of African economies; The conference will also discuss how the AfCFTA offers a unique opportunity for African economies to collaborate in the STEM areas and ensure that talent in those areas remains in Africa.

Now in its fifth edition, the Babacar Ndiaye conference which will take place this Wednesday, October 20, brings together leaders from the public and private sectors, think tanks, universities and the general public to engage with one of the main political figures from Africa and world famous. scientist, Professor Ameenah Gurib-Fakim.

Professor Gurib-Fakim ​​was president of the International Council of the Scientific Union – Regional Office for Africa, before becoming the first woman president of Mauritius. Professor Gurib-Fakim ​​has also been the recipient of various international awards including the L’Oréal-UNESCO Award for Women in Science (2007), Laureate of the National Economic and Social Council (2007) and the African Union Prize for Women in Science, among others.

Covid-19 has heightened the urgency for African self-sufficiency in medicines and other essential manufactured goods that could not be imported at the height of the pandemic crisis, either due to the disruption of global supply chains or the ban on exports to meet domestic demand. In a world where the technological content of manufactured products has steadily increased, Africa’s scientific and technological gap with the rest of the world has undermined the process of economic transformation and exacerbated dependence on imports.

Only 2.4% of the world’s science researchers are African, of which 31% are women. “For too long, science and technology, the most important engines of economic development, have been neglected in Africa. We cannot talk about transformation without investing in science.Commented Professor Oramah. The AfCFTA, which has the potential to accelerate the transformation of African economies and maximize returns to education, could spark a scientific revolution that will support the diversification of sources of growth and improved well-being.

This year’s Babacar Ndiaye conference promises to offer an insightful and provocative conversation about how Africa needs to invest in science, technology and innovation to strengthen the continent’s voice in addressing some of the issues facing the world. world is facing today, but also creating opportunities and industries for this and future generations. In addition to the opening speech by Prof. Gurib Fakim, HE Prof. Sarah Anyang Agbor, AU Commissioner for Human Resources, Science and Technology, will also address the audience.

Since its creation in 2017, the Babacar Ndiaye conference has become one of the highlights of the continent and the world – a one-of-a-kind event serving as a link between Afreximbank shareholders, partners and professionals, as well as existing clients and potentials covering all industries. As an event host, the Bank is also honored to host CEOs and senior executives of banks and financial institutions, captains of industry and business leaders, senior officials and central bankers. , leaders and representatives of international organizations and DFIs, researchers and community members, as well as the diplomatic corps and chambers of commerce of the continent. In addition, the event provides an excellent opportunity to connect with the African diaspora, policy makers, professionals from the development community, as well as investors interested in business opportunities in Africa.

Speakers at previous Babacar Ndiaye lectures include Professor Joseph Stiglitz, 2001 Nobel Laureate in Economics and Professor at Columbia University, Columbia University; Professor Jeffrey D. Sachs, professor at Columbia University and director of the Center for Sustainable Development at Columbia University; HE Dr Olusegun Obasanjo, Former President of the Federal Republic of Nigeria; General William E. “Kip” Ward, former commander of US Africa Command, Africom; and Professor Kishore Mahbubani, Distinguished Fellow, Asia Research Institute and Founding Dean of the Lee Kuan Yew School of Public Policy.

This year’s conference will be held virtually and is open to the media and the general public and registration is available at www.bnl2021.com

Distributed by APO Group on behalf of Afreximbank.

Media contact:
Amadou Labba Sall
[email protected]

About Afreximbank:
The African Import-Export Bank (Afreximbank) is a pan-African multilateral financial institution mandated to finance and promote intra and extra-African trade. Afreximbank deploys innovative structures to provide financing solutions that support the transformation of Africa’s trade structure, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. The Bank has a rich history of intervening in favor of African countries in times of crisis. Through the Trade Pandemic Impacts Facility (PAIMFA) launched in April 2020, Afreximbank disbursed over US $ 6.5 billion in 2020 to help member countries cope with the negative impact of financial, economic and health shocks caused by the COVID-19 pandemic. A strong supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has completed the development of a Pan-African payment and settlement system (PAPSS) which has been adopted by the African Union (AU) as a payment and settlement platform to support the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to help countries participate effectively in the AfCFTA. At the end of 2020, the Bank’s total assets and collateral stood at US $ 21.5 billion, and its shareholder funds amounted to US $ 3.4 billion. Afreximbank disbursed over $ 42 billion between 2016 and 2020. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.

For more information visit: www.Afreximbank.com

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Afreximbank Fifth Annual Babacar Ndiaye Conference: The Importance of Science, Technology and Innovation in Transforming African Economies Under AfCFTA
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