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FIAT celebrates its first 125 years and smiles to the future

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FIAT

The celebration’s special guest is the 500e Giorgio Armani, the refined limited edition which will be distributed globally and pair Italian excellence to eco-sustainability

TURIN, Italy, July 12, 2024/APO Group/ — 

The “La Pista 500” at the Lingotto building in Turin hosted FIAT’s 125th anniversary “Smiling to the future” ceremony; Founded on July 11th 1899, FIAT (www.FIAT.com) is one of the longest-operating automotive brands in the world and is now set for an even brighter future. Olivier Francois, FIAT CEO, lays out FIAT’s vision for the next decade; World premieres for the Fiat 500e Giorgio Armani – the ultimate expression of Italian excellence – and the Fiat Grande Panda, the new global model which marks FIAT’s return to the Global mainstream market; Now open at the Pinacoteca Agnelli, the new Casa FIAT exhibition traces the brand’s history and its connection to the Lingotto building; The event is available on demand at the following link (https://apo-opa.co/3S41iLm). 

FIAT’s 125th anniversary “Smiling to the future” event has just come to a close at the Lingotto building in Turin. The ceremony was both a celebration of a milestone which few automakers reach and the beginning of a new chapter in the brand’s long history of success, social relevance, and leadership which has all been fueled by a customer-first approach. The important event [watch at the following link (https://apo-opa.co/3S41iLm)] was attended by members of the international press, representatives of public institutions – including Minister of Enterprise and Made in Italy, Sen. Adolfo Urso, Vice President of the Senate, Sen. Licia Ronzulli, President of the Commission for Productive Activities, Commerce and Tourism of the Chamber of Deputies, On. Alberto Luigi Gusmeroli, President of the Piedmont Region, Alberto Cirio, Mayor of Turin, Stefano Lo Russo – and the top management of Stellantis: John Elkann, Chairman of Stellantis, Carlos Tavares, Stellantis CEO, and Olivier Francois, FIAT CEO and Stellantis CMO.

John Elkann, Stellantis Chairman, stated: “FIAT was born in 1899 out of a passion for progress. It was among the few companies that managed to transition from a craftsmanship stage to the industrial era. It represented the freedom to move anywhere for millions of people, and to do so with style. For 125 years we have never stopped working, seeking solutions, believing in our future, and defending tenaciously what we have built. We want to thank all the people who made possible for that Turin startup to become Stellantis today, one of the largest car manufacturers in the world.”

Carlos Tavares, Stellantis CEO, stated: “I’m delighted to be in the home of FIAT in Turin to celebrate 125 years and share the emotion of such a moment with all stakeholders. As one of the most iconic brands in our Stellantis constellation, FIAT brings true Italian flavor to the heart of our customers worldwide. For the third year in a row, FIAT is Stellantis number one brand in terms of volume. It leads in four domestic markets across the planet: Italy, Brazil, Turkey and Algeria. It drives the charge to offer clean, safe and affordable mobility to citizens around the world. I want to thank all of those who hold FIAT so dear since generations and work hard every day to ensure another 125 years of rich history. Fiat team shares the same passion and the same desire to always make our customers smile.”

Olivier Francois, FIAT CEO and Stellantis Global Chief Marketing Officer, stated: “FIAT has been synonymous with social relevance over the last 125 years, offering our customers what they really need based on the times in which they are living. And our customers want iconic and affordable city cars; frugal and inclusive compacts; family mobility; commercial vehicles and, last but not the least, Abarth for everyday fun, which is exactly what FIAT offers. Currently we have launched FIAT’s comeback to the global mainstream based on 3 pillars: Italian design and development, global platform and local relevance—and the Grande Panda is the first member of our new global family. Therefore, over the next decade, we’ll have the right offer for every customer. Because the customer is at the centre of everything for us.”

On July 11th 1899 in Turin, the articles of association were signed for the “Società Anonima Fabbrica Italiana di Automobili – Torino”. Today, after having produced millions of cars, a common thread connects the brand’s past to its present and future: namely, a specific way of understanding cars which sets the brand apart at a global level to this day and has led to products which simplify everyday life and bring joy to the streets of the world. The celebration’s special guest is the 500e Giorgio Armani, the refined limited edition which will be distributed globally and pair Italian excellence to eco-sustainability. The event also starred the Fiat Grande Panda, the new global model which will kickstart the Italian brand’s new era and the first of a new generation of FIAT vehicles. Furthermore, the event premiered the first real images of two other models in the new global family—an SUV and a fastback—which were introduced last February as concepts and now are at an advanced stage of development and planned to be launched in the following years.

The celebrations held in Turin ended with a stunning parade of classic and contemporary FIAT vehicles which were divided into groups—icons, city cars, compact cars, family cars and light commercial vehicles—which showed themselves off on the Lingotto building’s legendary track to showcase the global Italian brand’s technological and historical heritage. Moreover, since its beginnings, FIAT has demonstrated a strong propension towards internationality, with models produced throughout the globe, while keeping its heart and soul in the Piedmont capital where it was founded. And today with the Grande Panda, thanks to the synergy and opportunities provided by Stellantis, a new season has arrived for FIAT which will be characterized by inclusivity, ingenuity, Italian style, and a global spirit.

Fiat 500e Giorgio Armani

An important partnership between Giorgio Armani and FIAT was announced to mark FIAT’s milestone anniversary, coinciding symbolically with the birthday of Maestro Giorgio Armani. These two globally recognized Italian brands, having previously collaborated in 2020 with the launch of an exclusive, one-off 500e, have united again to create what may be the ultimate expression of Made in Italy on four wheels: the 500e Giorgio Armani. Never before have two global icons of Italian design, style, craftsmanship, ingenuity, and success come together to create such an “instant classic.” As suggested by the commercial aired during the event, this is a car to be worn, not driven—a tribute to the mastery of Giorgio Armani and the Centro Stile FIAT in Turin. The designer collaborated closely with the FIAT team for months to distil the essence of the two brands into a single creation. The same meticulous attention to detail, care for materials, colors, and style that goes into a new car or a fashion collection was applied here. Now, FIAT and Giorgio Armani have hit the catwalk together with the new 500e Giorgio Armani on the “La Pista 500”.

This level of craftsmanship, treatment, and detailing is rarely found in this segment, but is a hallmark of the 500, which epitomizes Made in Italy and Italian excellence. These features gain even more significance and value having been developed in collaboration with the greatest name in Italian fashion. Proudly produced at the FIAT Mirafiori plant in Turin, the new 500e Giorgio Armani is exclusively available in a hatchback model that represents the unmatched elegance of Giorgio Armani and the bold personality of the Fiat 500e.

Two unique and exclusive colors have been created for the 500e Giorgio Armani: Dark Green Micinalised, a contemporary and technical color that firmly reflects Giorgio Armani’s style and taste, and Ceramic Greige, a sophisticated and refined shade invented by Armani that blends gray and beige to create both the color and name.

For the exteriors, the Italian designers aimed to reduce contrasts and decoration to achieve a more monochromatic effect: pure, minimal, and in line with Armani’s style. The standout exterior design element is the wheels, exclusively designed to represent the GA logo on a macro scale. They become the car’s star feature, ensuring it stands out from afar. The specific design not only underlines the partnership but also improves aerodynamic performance with a slightly 3D surface. The warm burnished bi-tone anodized effect and the light lateral grooves add an extremely refined touch.

The interiors showcase meticulous craftsmanship, with chevron stitching and three-dimensional patterns on the central seat inserts reminiscent of classic tailoring techniques. Elegant and of the finest quality, the materials used inside the vehicle can be combined with innovative and technical processes, such as laser-cut wood for the dashboard insert, which is as soft and enveloping as luxurious fabric, or with highly artisanal solutions such as the intricate embroidery. The new 500e Giorgio Armani features the Milanese Maestro’s logo on the wheels and seats, while his signature appears on the dashboard, interior door, and rear window.

The car includes Full LED Infinity Design headlamps and a glass roof. Technologically, it comes equipped with a premium JBL audio system, a 7″ TFT Display, a 10.25″ Touch Screen NAV, DAB Radio, and Wireless CarPlay/Android Auto.

The 500e Giorgio Armani is powered by an electric motor with an output of 87 kW and 118 hp, offering a range of up to 320 km in the WLTP combined cycle. It also includes the most advanced ADAS and Level 2 assisted driving system. In line with the brand’s mission to promote Made in Italy at a global level, the limited-edition model will be sold in Europe, North America, the Middle East and Africa, Japan, and Australia from next year.

Grande Panda: FIAT’s new global model

The Grande Panda marks FIAT’s return to the global mainstream market. It has been developed based on 3 pillars: Italian design, global platform and local relevance. Sustainability, inclusiveness, simplicity and beauty are the values which gave life to the project, while the design took inspiration from the iconic Panda from the 80s—the “blue jeans” of the automotive industry, something perfect for every occasion and for every customer. Therefore, it is a socially relevant car, the car for everybody.

The Grande Panda is the literal clone of the first Panda, making it a new B segment vehicle which is both affordable and family friendly. The Grande Panda’s price will start from less than €25,000 for the fully electric version.

Designed in Italy at the FIAT Centro Stile in Turin, the Grande Panda makes use of a simple idea: a one-of-a-kind multi-energy platform which is installable anywhere in the world, a strictly Italian design and the possibility of choosing the best powertrain fit based on the needs of the customers, wherever they might be. In short, the new model marks FIAT’s transition from local production to a global range.

FIAT has been synonymous with social relevance over the last 125 years, offering our customers what they really need based on the times in which they are living

Thanks to its smart solutions and ease of use, it will be the first Panda in history to belong to segment B and will make FIAT customers’ driving experience easier around the world.

The spiral charging cable stands out as one of the most innovative solutions, making the charging experience easier and “tidier” than ever. The Grande Panda is the first vehicle on the market to include an integrated charging cable, which works in alternating current up to 7 kW. The spiral cable has a special housing under the hood, which allows for space saving in the trunk, and encourages practical everyday use as it is easy to handle and avoids the grime of traditional cables. This solution sets itself apart with its easy process: after opening the lid, the second step is to take out the cable and connect it to the charging station. Once the charge is finished, it is possible to easily return it to its housing thanks to the spiral shape of the cable.

As with its predecessor, the iconic 1980s’ Panda which changed the way we experience the automobile for over 40 years, the Grande Panda sports a cool personality and unexpected features, as well as an innovative and intelligent use of space. Specifically, the new vehicle sets itself apart from other cars in B-segment with the unique compactness provided by its small size (3.99 meters in length—below the segment average— 1.57 meters in height and 1.76 meters in width) and well-organized capacity thanks to its compact volume: for example, the trunk is 361 liters and the total capacity of the storage compartments located in front of the front passenger is 13 liters.

Essentially, the Grande Panda is the ideal companion for families and today’s urban mobility as it is able to comfortably transport 5 people. Furthermore, the Italian spirit of the new vehicle is showcased through its iconic and ironic design, which is synonymous with beauty, and the exteriors feature a special combination of structured lines and soft yet bold surfaces which highlight the robust wheel arches. Everything is made even more distinctive and cooler through the presence of rear and front skid plates in silver, glossy-black pillar finishes, privacy windows and 17” diamond-cut alloy wheels with FIAT logo hubcaps and an eye-catching X design.

As a tribute to the classic Panda, the Grande Panda is equipped with 3D-branded, low-relief letters on the doors which reflect the surrounding environment and enhance the lower part of the side. Seven liveries are available on the Grande Panda – red, white, black, green, brown, blue and yellow, in keeping with the “No Grey” initiative. Inside, a special homage has been made to the Lingotto building’s track, which inspired some of the elements of the interiors. In fact, the dashboard as well as the polycarbonate frame including 10’’ cluster and 10.25” digital radio feature a one-of-a-kind style which calls back to the shape of the Lingotto track and creates a distinctive and evocative look.

Special attention has been paid to the optimization of the space, which has been used in a smart way: for example, there are 13 liters of storage in the dashboard, 3 liters of which are found in just one compartment, allowing for an embarrassment of choice when it comes to stowing objects—a simple and ingenious trademark-FIAT solution which recalls the 1980s’ Panda’s timeless “pocket” dashboard.

The first of the new FIAT family will be available both in electric and hybrid versions. With a 44kWh battery and an 83-kW e-motor, the electric Grande Panda offers over 320 km* of range in the WLTP combined cycle, making it the perfect vehicle both for everyday use in the city and for weekend trips.

* Provisional values under homologation

Casa FIAT: a unique site to immerse oneself in the FIAT universe

The 125th anniversary is the perfect occasion to inaugurate the new Casa FIAT museum exhibition, a project created by the Pinacoteca Agnelli in collaboration with FIAT. The exhibition traces the brand’s history and its relationship with the Lingotto building, the legendary factory and iconic site of the brand’s industrial production in Turin which was designed by Giacomo Matté Trucco in the 1920s and restored by Renzo Piano in the 1990s.

Thanks to the use of an interactive display, the exhibition branches off into various thematic areas – Car Design, Architecture, Society and Kids – giving visitors the possibility to completely immerse themselves in the FIAT universe. Inside the museum, the story of FIAT gets told, from its early days to its most recent evolutions. Casa FIAT symbolically revolves around the wooden 500 Master model, with a museum itinerary which begins with the company’s founding year of 1899, when the founders gathered to sign the articles of constitution of the Società Anonima Fabbrica Italiana – Torino, giving birth to the FIAT name.

The story proceeds decade by decade, presenting various key moments in its history like the production of the brand’s most iconic cars, including the Fiat Nuova 500, the compact two-seater sedan launched in 1957, and the FIAT Panda, the versatile and innovative car made in 1980 by the designer Giorgetto Giugiaro. Throughout this exhibition, FIAT highlights the importance of its past and its roots, without taking its eye off the future, as demonstrated by the new Grande Panda. FIAT’s story does not come to an end at Casa FIAT.

FIAT is a Partner of Turin 2024 Capital of Business Culture

Since 1899, the history of FIAT has always been linked to Piedmont’s capital and, in the year of the 125th anniversary of its founding, FIAT is a partner of “Turin 2024 Capital of Business Culture”. Awarded by the General Confederation of Italian Industry, thanks to the Turin Industrial Union’s efforts, the prestigious prize not only pays tribute to the city’s manufacturing history, but also recognizes the ability of Turin businesses to look towards the future and confront today’s challenges like the ecological and digital transition, artificial intelligence, and the path for a more sustainable and inclusive society. FIAT is a proud partner of “Turin 2024 Capital of Business Culture” and will actively participate in it with some special initiatives in the event’s program. This includes the exhibition “Turin to the future. Business culture, the culture of innovation” held at the National Museum of the Italian Risorgimento in Turin which is open free to the public until September 29th. The exhibition includes seven multimedia and visual sections installed within the monumental corridor of the Italian Chamber of the National Museum of the Italian Risorgimento, with a focus on the history of Turin’s industrialization. The thrilling tale comes to a close with an immersive section dedicated to the future prospects for entrepreneurship in Turin.

Distributed by APO Group on behalf of FIAT.

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The Coca-Cola System in Africa Unveils Water Stewardship Initiative

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‘The Coca-Cola System’s Africa Water Stewardship Initiative’, with a nearly USD 25 million investment, will support water solutions in local communities in Africa

JOHANNESBURG, South Africa, September 13, 2024/APO Group/ — 

The Coca-Cola Company in Africa (www.Coca-ColaCompany.com) and its bottling partners Coca-Cola Beverages Africa (CCBA), Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola HBC announced a nearly USD 25 million investment to help address critical water-related challenges in local communities in 20 African countries, starting this year through 2030. The work will be led by Global Water Challenge (GWC) and implemented by a consortium of partners, including The Nature Conservancy (TNC), The International Union for Conservation of Nature (IUCN) and the World Wildlife Fund (WWF).

The effort, called ‘The Coca-Cola System’s Africa Water Stewardship Initiative’, was introduced in Cape Town, South Africa, in presence of executives from the Coca-Cola system in Africa and NGO partners. During the event, Karyn Harrington, Vice President of Public Affairs, Communications and Sustainability at The Coca-Cola Company’s Africa Operating Unit indicated “Water is a priority for The Coca-Cola Company and its local bottling partners because it is essential to life, the communities we serve and our beverages. As we face increasing water insecurity worldwide, with demand outstripping supply in many regions such as Africa, Coca-Cola is taking steps to help accelerate efforts to address water stress, protect local water resources, and build community climate resilience. Our 2030 Water Security Strategy focuses on helping enhance water security where we operate, source ingredients, and touch lives.”

“One in three Africans face water insecurity. The Global Water Challenge and ‘The Coca-Cola System’s Africa Water Stewardship Initiative’ partner coalition will seek to improve water security for millions across the African continent, helping advance community health and resilience through abundant, clean water. We applaud Coca-Cola’s continued leadership on African water security” said Monica Ellis, CEO of GWC.

We are proud to partner with The Coca-Cola Company and fellow bottlers on this critical initiative to help tackle water challenges across Africa

‘The Coca-Cola System’s Africa Water Stewardship Initiative’ aims to help protect and enhance the health of important watersheds and to help improve access to water and sanitation services in local communities. We will have projects in Algeria, Botswana, Cabo Verde, Comoros, Egypt, Eritrea, Eswatini, Ethiopia, Kenya, Mayotte, Morocco, Mozambique, Namibia, Nigeria, Somalia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.  

“CCBA has a responsibility to help those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. We are proud to partner with The Coca-Cola Company on this project,” says Layla Jeevanantham, Chief Public Affairs, Communication and Sustainability Officer at CCBA.

“We are proud to partner with The Coca-Cola Company and fellow bottlers on this critical initiative to help tackle water challenges across Africa. By working together, we can leverage the expertise of our partners and the knowledge of local communities to help create sustainable solutions that enhance water access and safeguard vital water resources,” said Sonia Ventosa, Public Affairs, Communications & Sustainability Manager at ECCBC.

“Coca-Cola HBC has been part of African communities for more than 70 years, and sustainability is an important part of how we operate. We’re very happy to see this new water initiative come to life and to support the system’s water stewardship efforts,” said Marcel Martin, Chief Corporate Affairs & Sustainability Officer, Coca-Cola HBC.

Recognizing that partnerships are critical to support this work, the company and its bottlers are collaborating with governments, businesses, and civil society organizations to design and implement strategic interventions. In addition to supporting the company’s water strategy, this effort also aims to contribute to advancing the United Nations’ Sustainable Development Goal 6, which focuses on ensuring availability and sustainable management of water and sanitation. 

This water initiative will build upon The Coca-Cola Foundation (TCCF)’s Replenish Africa Initiative (RAIN), a groundbreaking collaboration with key partners and co-funders which helped improve access to clean water, sanitation and hygiene for 6 million people across African countries between 2009 and 2019. Through 120 projects, the initiative positively impacted homes, schools and healthcare clinics in more than 4,000 communities.

Distributed by APO Group on behalf of Coca-Cola.

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Strengthening Energy Ties: Libya, Italy Collaborate on Major Oil & Gas Ventures

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Taking place in Rome on September 23, the Libya-Italy Roundtable and VIP Networking Evening will discuss Libya’s current upstream project pipeline and Italy’s role in unlocking new assets

ROME, Italy, September 13, 2024/APO Group/ — 

Libya’s economy relies heavily on its upstream oil and gas sector, which holds Africa’s largest proven oil reserves – over 48 billion barrels – and substantial natural gas reserves. To stabilize and increase current and future production levels, the country is rolling out a dynamic project pipeline that presents new opportunities for investment and partnership with industry stakeholders. The Libya-Italy Roundtable and VIP Networking Evening – taking place in Rome on September 23 – will bring together top executives from Libyan and European energy firms for an Oil & Gas Roundtable to discuss the country’s current exploration and development prospects, as well as celebrate the Libyan-Italian connection in the upstream space.

Latest Sector Developments

In partnership with the country’s leading operators, Libya’s National Oil Corporation (NOC) is seeking to enhance production capacity (https://apo-opa.co/3MIAHAh) through the rehabilitation and exploration (https://apo-opa.co/3zhGMR6) of at least 36 wells, carrying out maintenance works at key fields. To drive new exploration activity, Libya is preparing to launch an oil and gas licensing round in early-2025 targeting concessions in the Murzuq, Ghadames and Sirte basins. The NOC has already received interest from more than 30 companies in its marginal assets alone, as well as identified 45 greenfield and brownfield projects that will help meet its production goals.

In parallel, Libya is launching a robust gas monetization drive to diversify crude oil revenues, meet rising gas demand and reduce routine flaring. While often overshadowed by its dominant oil sector, Libya’s natural gas sector is substantial, holding 53 trillion cubic feet of proven reserves and playing a critical role in supplying gas to Europe. In May this year, $1.23 billion (https://apo-opa.co/3zig9eP) was allocated to develop the NC-7 block – operated by a consortium led by Italian multinational energy company Eni – with a view to monetizing 2.7 trillion cubic feet of gas in the Ghadames Basin. Meanwhile, Libya’s Greenstream Pipeline transports gas to Sicily and onto European markets, with plans underway to increase the utilization of pipeline capacity up from 25%. Libya is aiming to further boost energy supplies to Europe via an $8-billion gas production deal signed between Eni (https://apo-opa.co/4e6MaWE) and Libya’s NOC to develop two offshore gas fields – Structures A and E – set to produce 750 million cubic feet of gas per day by 2026.

Italy’s Role in Upstream Sector 

Italy plays a major role in Libya’s oil and gas sector as both a major investor and export market. As one of the largest foreign operators in the country, Eni has a long-standing presence in Libya and is involved in major projects across the oil and gas value chain. Libya’s gas output is largely concentrated in offshore fields including the Bahr Essalam and Bouri fields (https://apo-opa.co/3ZiXhaj), which are operated by Mellitah Oil & Gas – a joint venture between Eni and the NOC – as well as onshore fields in the Sirte Basin. To advance Libya’s gas production and exports, Mellitah Oil & Gas is leading development of the one-billion-dollar, offshore subsea Bouri Gas Utilization Project, which serves to capture associated gas from two offshore platforms at the Bouri field development. The gas will then be transported to the Mellitah Complex – a major hub for gas production, processing and export – and delivered to European markets via the Greenstream pipeline, with production expected to start in 2026. Eni’s continued investment in onshore and offshore fields signals its long-term commitment to Libya’s oil and gas industry, as well as Italy’s strong energy ties with Libya and potential for expanded cooperation going forward.

The Libya-Italy Roundtable and VIP Networking Evening takes place in Rome on September 23, featuring a half-day program that unites Libyan and Italian business leaders and government officials. If your company is interested in participating, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Dangote calls on African business leaders to drive continent’s transformation

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Africa is at a crucial inflection point, with the world’s youngest and fastest-growing population, rapidly expanding cities, and a growing embrace of innovation and new technologies

JOHANNESBURG, South Africa, September 12, 2024/APO Group/ — 

The President and Chief Executive of the Pan-African conglomerate, Dangote Group, Aliko Dangote (www.Dangote.com), has called on African business leaders to take the lead in transforming the continent.

Speaking at the just concluded African Renaissance Retreat held in Kigali, Rwanda, Dangote pointed out that despite significant challenges besetting Africa, its youthful population and abundant resources, including about 30% of the world’s mineral reserves and the largest reserves of gold, cobalt, uranium, platinum, and diamonds, offer opportunities for substantial and inclusive growth.

“Additionally, we have 65% of the world’s arable land and 10% of the planet’s internal renewable freshwater sources. Together these present a myriad of opportunities for robust, inclusive growth that harness our abundant human potential and natural resources to increase prosperity, not just in Africa but across the globe,” he said. Dangote added that Africa is at a crucial inflection point, with the world’s youngest and fastest-growing population, rapidly expanding cities, and a growing embrace of innovation and new technologies, including Artificial Intelligence.

Dangote noted that despite dealing with multiple barriers such as visas, inconsistent change in government policies, inadequate technical talent, lack of critical infrastructure, foreign exchange crises, inflation, cost of capital and other conflicts of differing dimensions, the Dangote Group has expanded from Nigeria to 14 countries across the continent, spanning multiple sectors from cement to fertilizers, sugar to oil refineries, petrochemicals, agriculture and more. “The good news is that despite these challenges, we have succeeded in building a pan-African Group that employs over 50,000 people and generates revenues that should exceed $30bn by the end of 2025,” he said.

Dangote who initiated the retreat noted that he had long contemplated bringing together a group of dedicated African business leaders to address the continent’s challenges, identify concrete solutions, and showcase Africa as a viable investment destination despite its obstacles. He emphasized that the objective of the retreat was to offer an opportunity for collective action in tackling various issues, including persistent conflicts, energy and food security, supply chain disruptions, the debt crisis, and access to long-term concessional funding for development.

It is our collective responsibility to play our role in transforming our continent

“This small private and high-level gathering to discuss these issues and align on how we will own and shape our narrative for development is long overdue. With the foremost entrepreneurs on the continent, the leaders of the largest pan-African companies, those at the helm of the most important development institutions in Africa, our brothers and sisters leading global institutions, our leading investors, our pre-eminent civil society activists and a few of our most respected political leaders, this first step will be an opportunity to have a frank and honest dialogue amongst ourselves to consolidate what we see as our common ground” said Dangote. He added “we are coming together not just as leaders in our respective institutions but as visionaries and catalysts for transforming our societies. It is our collective responsibility to play our role in transforming our continent. Nobody will do it for us but us – especially us in this room”.

While expressing his hope that the retreat would produce initiatives capable of significantly shaping Africa’s future and benefiting its people, Dangote acknowledged the contributions of President Paul Kagame of Rwanda, former President Olusegun Obasanjo, former President Ellen Johnson Sirleaf, and former Prime Minister Hailemariam Dessalegn. However, he cautioned that it is crucial for the leaders present to move beyond dialogue to decisive implementation and tangible impact.

The Retreat participants resolved to urge African private sector and political leaders to engage in regular high-level dialogue. Additional proposals included supporting the ratification of the free movement of people protocol, launching the African Renaissance Companies Gender Compact, and convening top global business leaders of African descent. The leaders also aimed to champion an initiative aimed at significantly reducing logistics costs across the continent and one focused on ensuring internet access for a broader segment of Africa’s population.

Participants at the retreat, which took place from September 6 to 8, included Amina J. Mohammed, Deputy Secretary-General of the United Nations; Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank; former Liberian President Ellen Johnson Sirleaf; Adebayo Ogunlesi, Chairperson of Global Infrastructure Partners; former Ethiopian Prime Minister Hailemariam Dessalegn, Samaila Zubairu of the African Finance Corporation, Makhtar Diop of IFC, and Jeremy Awori, CEO of Ecobank Transnational Incorporated.

Others were Bernie Mensah of Bank of America; Dr. James Mwangi of Equity Group Holdings; Alain Ebobisse of Africa50; Aigboje Aig-Imoukhuede of Access Holdings; Genevieve Sangudi of Alterra Capital Partners; Jim Ovia of Zenith Bank; Tony Elumelu of Heirs Holdings; Naguib Sawiris of Orascom Telecom Holding; Dr. Vera Songwe; Jonathan Oppenheimer of Oppenheimer partners; Dr. James Manyika of Google;  Clare Akamanzi of NBA Africa; Fred Swaniker of Africa Leadership Group; Professor Hakeem Belo-Osagie of Harvard Business School; Myma Belo-Osagie of Harvard Africa Studies Centre; Patrice Motsepe of African Rainbow Minerals; Mohammed Dewji of METL; Moussa Faki Mahamat of Africa Union; Graca Machel of the Graca Machel Trust; Wamkele Mene of African Continental Free Trade Area Secretariat;  Tope Lawani of Helios Partners; Masai Ujiri of the Toronto Raptors; Mimi Alemayehou of Three Cairns Group; Dr. Donald Kaberuka of Southbridge Group; Precious Moloi-Motsepe of Africa Fashion International; Richelieu Dennis of Sundial Group of Companies; Louise Mushikiwabo, Secretary General of Organisation Internationale de la Francophonie; Hassanein Hiridjee of Axian Group; Kate Fotso of Telcar Cocoa; Nkosana Moyo of Mandela Institute for Development Studies; Nku Nyembezi of Standard Bank Group.

Distributed by APO Group on behalf of Dangote Group.

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