Industry leaders gather at an African mining conference to discuss economic benefits and regional stability challenges.
The meeting saw a keen focus on economic growth from African delegates and the launch of the Private Sector Action Plan, a first-of-its-kind initiative between the World Economic Forum and the African Continental Free Trade Area (AfCFTA) Secretariat. The initiative is comprised of 40 global companies. The announcement came after President Paul Kagame of Rwanda and President Nana Akufo-Addo of Ghana, together with the United Nations Development Fund, launched Timbuktoo, a start-up fund with an initial $1 billion target to leverage Africa’s youth and dynamism. The fund is expected to provide financial support to innovative and dynamic startups, spurring economic growth, job creation and technological advancements across the continent.