H.E. Paul Kagame, President of Rwanda and Dr. Ngozi Okonjo-Iweala, Minister of Finance & Co-ordinating Minister of the Economy Nigeria will join a selection of high level speakers that will sit on the panel for the televised AFC Debate "Africa Transforming Africa” organised by the Africa Finance Corporation and the African Development Bank. The debate will form part of the action packed Africa focused agenda in Arusha, Tanzania, at the end of May that includes the Annual Meetings of the African Development Bank (AfDB) and the African Banker Awards 2012.
The debate will be a platform for "African solutions to African problems”. Panellists will analyse the current issue of Africa's growth, with its reliance on its natural wealth, yet current infrastructure gap – estimated at $93 billion annually, and the prospects this poses for investments in energy, communication, transportation and ICT and for Africa to craft strategies and make policy choices to determine its own economic prosperity. Areas of discussion will focus on questions such as "How can we mobilise significantly higher funds and capital investments towards infrastructure?” "How can we overcome the politics of infrastructure?” "What and where are the game changers for infrastructure development?”
Abdou Diouf, Former President of Senegal, Donald Kaberuka, President of the African Development Bank, Andrew Alli, President & CEO of the Africa Finance Corporation (AFC), and Dr. Eleni Gabre-Madhin, CEO of the Ethiopia Commodities Exchange, will complete the panel for this topical discussion on intra-Africa development. The debate will be moderated by the CNBC's Godfrey Mutizwa.
The AFC, an African-led international infrastructure financing institution, providing investment capital in infrastructure projects or companies operating in power, natural resources, heavy industry, transport, and telecommunications, has teamed up with AfDB, Africa's principle financial institution in its mission to proactively improve Africa economies.
Andrew Alli, President & Chief Executive Officer of the Africa Finance Corporation commented "Africa's resources need to be harnessed effectively to provide more cost efficient sustainable development, address the infrastructure investment deficit and make an economic difference in the lives of Africans. AFC has strengthened its commitment to pioneering infrastructure investments on the continent and is honoured to be recognised for providing an African private sector investment solution which underscores the global imperative for sustainable development.”
"Africa Transforming Africa” will take place from 11.00am – 12.30pm on Wednesday 30th May at the Arusha International Convention Centre, Arusha, Tanzania. The debate will be broadcast by CNBC Africa.