Tue, May 08, 2012
World > Africa

World Economic Forum on Africa focuses on continent's transformation

2012-05-07 18:47:18 GMT2012-05-08 02:47:18(Beijing Time)  Xinhua English

ADDIS ABABA, May 7 (Xinhua) -- More than 700 participants from over 70 countries are scheduled to land on Addis Ababa, Ethiopia, which hosts the 22nd World Economic Forum (WEF) for the first time on May 9-11, 2012.

The meeting touches topics on Africa's transformation and is expected to generate new ideas to achieve further development on the continent. In a pre-meeting press conference on Monday, Elsie S. Kanza, WEF Head of Africa, and Haddis Mekonnen, from the Ethiopian Ministry of Foreign Affairs, told journalists that the Meeting in Ethiopia attracts over 500 business leaders, 75 public figures including nine heads of states and governments.

Under the theme "Shaping Africa's Transformation", the Meeting' s agenda will integrate three pillars: strengthening Africa's leadership, accelerating investments in frontier markets, and scaling innovation for shared opportunities.

"Africa is experiencing strong growth and despite the increasingly volatile global economy, African leaders are pursuing measures that will transform the region into the next global growth pole. In this context, the World Economic Forum on Africa will seek to leverage the positive political, economic and social progress of recent years by providing a true multistakeholder platform to develop new ideas and actions to achieve further sustainable inclusive growth," said Kanza.

The meeting also attracts 61 Global Growth Company participants, more than 35 media leaders, and more than 30 young leaders from Young Global Leaders and Global Shaper Communities.

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