African CEOs urged to upgrade their mindsets for prosperity

Date: 2024-05-16
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The 11th Africa CEO Forum officially opened on Thursday at the Kigali Convention Centre with a call on African CEOs to upgrade their mindset and aim for quality to become truly prosperous.

Hosted for the second time in Rwanda's capital, Kigali, the forum which aims to discuss the critical elements needed to boost African development through the dynamics of growth offered by the continent's private sector, brought together over 2,000 participants, including Heads of State, business leaders, investors, and financiers.

In his opening address, H.E Paul Kagame, President of Rwanda, stressed the need for Africa to upgrade its mindset and aim for quality to become truly prosperous. He highlighted the importance of transforming raw materials into high-quality products and selling them back to ourselves, stressing that it may not be sustainable but is simple and clear.

“But to become truly prosperous, we have to upgrade our mindsets and aim for quality. We must transform our raw materials into high-quality products and sell them back to ourselves. It may not be sustainable, but it is simple and clear,” he said.

The two-day forum, themed "At the table or on the menu? A critical moment to shape a new future for Africa," will explore a new future for Africa through over 60 panel discussions, public-private workshops, and closed-door roundtables. Critical topics to be addressed include leadership, digital future, integration, finance, infrastructure, sports business, tourism, hospitality, pharmaceutical capacity, and how technology can future-proof African youth.

Other key areas of focus include international development strategy, access to capital, public-private sector dialogue, legal environment, and skills management. Experts note that after a quarter-century of favorable macroeconomic conditions for Africa, marked by easy money, commodity booms, and relative political stability, the landscape has shifted dramatically.

The Africa CEO Forum 2024 provides a timely opportunity for leaders to discuss and shape a new future for Africa, building on the continent's private sector dynamics to drive growth and prosperity.

By:  Nana Appiah Acquaye

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