Having been one of the largest investors in Africa, South Africa has provided an entry point for investors outside of the continent, playing a dominant role in aiding investment across other African countries, promoting and providing economic growth, skills, capital and trade across the continent.
• Informal meeting of BRICS leaders, 25 November 2018, Buenos Aires, Argentina
• BRICS STI brokerage event, 26 November 2018
• Committee on Trade and Development, 21 November 2018, Geneva, Switzerland
• Committee on Trade and Development – dedicated session on the monitoring mechanism on special and differential treatment, 21 November 2018, Geneva, Switzerland
The Seminar on Intellectual Property and Knowledge Flows in a Digital Era, which took place at the WTO in Geneva on 5-6 November, provided concrete data that could be used to further develop the understanding of the complex role of IP in the contemporary world and highlighted the value of presentations to better understand the link between IP and trade in services, particularly in terms of measuring knowledge flows.
IORA member states should focus on strengthening the region’s contribution towards global security, economic growth and sustainable development, said South African International Relations and Co-operation Minister Lindiwe Sisulu at the IORA Council of Ministers meeting in Durban on 2 November. The association aimed at strengthening regional co-operation and sustainable development, and it could become “a beacon of hope for multilateralism”.
African presidents were saluted for embracing the continent’s economic growth project, with organisers of the inaugural Africa Investment Forum saying this would go a long way in attracting tangible investment. The current crop of African leaders was described as being the chief executive officers of their countries by African Development Bank president Akinwumi Adesina, who was speaking at the forum in Johannesburg on 7 November. “African leaders are doing business differently. We are seeing our leaders as CEOs of their own corporations, if you will,” he said.
Governments around the world set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year, says the World Bank Group’s Doing Business 2019: Training for Reform report, released on 31 October. The reforms, carried out in 128 economies, benefit small and medium enterprises as well as entrepreneurs, enabling job creation and stimulating private investment.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.