This inaugural event is more than just a conference - it's a call to action for organisations operating in Africa or planning to enter this vibrant market. The summit will provide a unique platform for leaders to engage in meaningful discussions about integrating Shared Value principles with Environmental, Social, and Governance (ESG) initiatives, all aimed at fostering sustainable economic transformation across the continent.
Responsible Business is about more than just reporting or adhering to governance and compliance regulations. Businesses have an enormous responsibility towards society and the environment and need to create prosperity consciously and deliberately for all their stakeholders, not just their shareholders. The summit will explore topics such as how companies can profitably address societal and environmental issues through their core business to create a positive impact and report credible and authentic data and information in their ESG Reporting.
Creating Shared Value is a revolutionary way of thinking in the business-society relationship, marrying society’s social goals with business in a profitable manner, triggering innovation, wealth redistribution, and growth for humanity and business. Prof. Michael Porter and Prof. Mark Kramer, the creators of the Shared Value Business Management model, further build on the practices and principles and how companies can create shared value through reconceiving products and markets, redefining productivity in the value chain, and building supportive industry clusters at the company’s locations (Odia, 2018).
Africa is on the rise, with a burgeoning middle class, rapid urbanisation, and increasing consumer spending. According to the African Development Bank, Africa's real GDP is expected to grow by 4.1% in 2024, outpacing the global average. This growth is driven by sectors such as technology, agriculture, and renewable energy, presenting ample opportunities for businesses looking to make a positive impact.
In the words of the CEO and founder of the Shift Impact Africa Group, which consists of Shift Impact Africa and the Shared Value Africa Initiative, and head of the organising committee of the 2024 Africa Shared Value and ESG Summit: “Africa is where we are building the global future.”
The economic outlook for Africa from 2024 onwards appears promising, with several forecasts indicating a positive trajectory. Growth in Central Africa is expected to moderate to 3.5% in 2024, with a projected recovery in private consumption and increases in mining investment. In countries such as South Africa, fiscal constraints are anticipated due to weak revenues and rising debt-servicing costs, but the overall outlook remains optimistic. The continent's growth is expected to rebound to 4% in 2024, with broad-based improvements supported by government efforts across various countries. Moreover, Africa's economic growth is projected to outpace global forecasts in 2023 and 2024, despite challenges faced in 2022. Overall, the continent's economic outlook for the coming years is cautiously optimistic, with continued growth and development expected across various sectors.
The need to grow markets is a given for any brand, and the summit provides an opportunity for brands and leadership to step onto the stage and share their strategic plans for expanding into the African market. It is an opportunity for an organisation as a funder and/or sponsor to shine the light on your work and to connect with like-minded organisations and individuals who believe in Africa's potential and are willing to collaborate in building the prosperous future we envision for the continent.
Network with industry leaders: Connect with influential business leaders, policymakers, and stakeholders who are shaping Africa's future.
Gain insights on sustainable business practices: Learn how integrating Shared Value and ESG principles can drive profitability while addressing social and environmental challenges.
Explore opportunities for growth: Discover new avenues for business expansion and investment in one of the world's fastest-growing regions.
Join us at the 2024 Africa Shared Value and ESG Summit and be part of a movement that is redefining business success in Africa. Together as a collective, we can create a sustainable future that benefits all stakeholders.
Don't miss this opportunity to shape the future of business in Africa. Register now to secure your spot at this landmark event.
For more information and registration details, please visit our website.
Website: Africa Shared Value and ESG Summit
Registration: The 2024 Inaugural Africa Shared Value and ESG Summit (africasharedvaluesummit.com)
Contact: acirfa.tcapmitfihs@eikeiT
We look forward to welcoming you to Nairobi and embarking on this journey towards shared prosperity in Africa.
