#LWS2020KZN: How to Restructure the C-Suite Model in the 4IR Era

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CNBC Africa spoke with Naledi Pandor the Minister of International Relations and Cooperation at the Forbes Africa Woman Leading Women Summit about the importance of female empowerment in the workplace, especially in leadership positions.

#LWS2020KZN: Naledi Pandor on the importance to female empowerment in the workplace

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Zamani Holdings is an organisation focused on societal transformation and female empowerment, the organisation is set to extend this narrative through its sponsorship at the 2020 Forbes Woman Africa Leading Women Summit. CNBC Africa is joined by Charmaine Mabuza, CEO and co-Founder of Zamani Holdings to find out more about the company&#8217;s involvement.

#LWS2020KZN: Zamani Holdings CEO Mabuza on the role of men in empowering women in business

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="740" src="https://www.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-1110x740.jpg" alt="Reem Al Hashimy, the UAE’s Minister for International Cooperation and Director General, Expo 2020 Dubai Bureau" class="wp-image-360733" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-1110x740.jpg 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-1536x1025.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-696x464.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-1068x712.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-630x420.jpg 630w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy-1920x1281.jpg 1920w, https://cms.cnbcafrica.com/wp-content/uploads/2020/02/Reem-Al-Hashimy.jpg 2048w" sizes="auto, (max-width: 1110px) 100vw, 1110px" /><figcaption>Reem Al Hashimy, the UAE’s Minister for International Cooperation and Director General, Expo 2020 Dubai Bureau</figcaption></figure>



For the first time in the near 170-year history of World Expos, all countries in Africa will participate at Expo 202o Dubai, set to unfold as the planet’s biggest show, for six months from October 20 this year.





For the first time, the African Union (AU) will also host a pavilion at the expo, to increase the decibel on the continent’s policies for potential and progress to millions of visitors expected to descend from around the world to the glistening city of Dubai, in the United Arab Emirates (UAE).&nbsp;&nbsp;



To strengthen the almost 50-year partnership with Africa, recently, a UAE Consortium for Africa was launched, with the UAE committing to invest $500 million– in a consolidation of government and private resources– into the continent. A primary focus of the consortium will be digitization and developing the youth on the continent.



Her Excellency Reem Al Hashimy, the&nbsp;UAE’s Minister for International Cooperation and Director General, Expo 2020 Dubai Bureau,&nbsp;elaborates on taking the Africa partnership to the next level.



&nbsp;“The expo will further catalyze the relationship with Africa developed over the last few decades. Last year, we had 24 heads of government from the African continent in the UAE. The continent sees us as a partner,” she says in an interview with FORBES AFRICA.



Minister Al Hashimy, who has also been a regular attendee at the AU summit in Ethiopia for several years now, says the UAE&nbsp;recognizes that the real value lies in the long-term building of human capital, which is&nbsp;plans to deepen trade ties with South Africa and the rest of the continent.



“Now – at the start of the third decade of the millennium – we need to step it up and help underpin Africa’s potential<a href="https://www.cnbcafrica.com/news/2020/02/16/powering-africas-bright-future-how-digitising-a-continents-youth-will-drive-global-progress/"> through its people</a>, because how Africa develops, how it ensures its stability, builds on its successes and overcomes its challenges, will have enormous implications, not just for the continent itself, but for every country on the planet.”



Expo 2020, themed ‘Connecting Minds, Creating The Future’, is expected to bring together 192 participating nations to Dubai.



The AU will&nbsp;focus its participation on the expo’s sub-theme, ‘Opportunity’, aiming&nbsp;to utilize the platform to tell the African story and position the continent for hosting a World Expo in the future.

Reem Al Hashimy, the UAE’s Minister for International Cooperation and Director General, Expo 2020 Dubai Bureau

Reem Al Hashimy

A $500 million consortium and global stage for Africa at Expo 2020 Dubai

Aliko-Dangote-1386×1536

The Forbes Billionaires List: Africa’s Billionaires 2020

Africa’s most dynamic thought-leaders, industry game-changers
and icons of social activism are set to feature at the ex<a>clusive
FORBES WOMAN AFRICA Leading Women Summit </a>presented by Mastercard (#LWS2020KZN)
and hosted by the KwaZulu-Natal government &#8211; taking place at the Inkosi Albert
Luthuli ICC Complex in Durban on Friday, 6 March 2020.



For the 5th edition of this globally-renowned
event, panellists and speakers will engage with the impactful 2020 theme, ‘The
Ceiling Crashers 2.0: Power with Purpose’. The day’s thought-provoking
discussions will be followed by the highly-anticipated <a>FORBES
WOMAN AFRICA Awards Gala Dinner </a>which celebrates the continent’s most
influential female ‘ceiling crashers’ across a number of key categories.&nbsp; 



“The <a>FORBES WOMAN AFRICA Leading
Women Summit </a>has grown to become one of the biggest female-empowerment
events, boasting a high calibre of attendees and unparalleled speaker line-up,”
said Renuka Methil, Managing Editor of FORBES WOMAN AFRICA. 



“This promises to be the biggest instalment yet,
featuring female pioneers and path-breakers across the continent. Audiences will
be exposed to dynamic discussions about the growing the number of women in
leadership &#8211; something government and business really need to factor into their
strategies. We will also get to grips with a new discourse that focuses on dismantling
power structures and the need for truly inclusive cultures in business and
society.”



This highly-anticipated event, which is hosted annually
in honour of International Women’s Day, is expected to draw an audience of
around 1 000 leading women. Through hard-hitting talks, fireside chats and
insightful panel sessions centred on ‘ceiling crashers’, attendees will be
inspired to make meaningful changes within their own industries, secure in the
knowledge that they have the support of these innovative allies. This year’s
programme promises an influential mix of leaders in healthcare and business;
advocates of social and environmental activism; award-winning artists and
internationally-renowned stateswomen. 



For the first time, FORBES WOMAN AFRICA will be releasing
its own list of ‘Africa’s Most Powerful Women’, many of whom will be attending
the summit. The list will be published in the March issue of the magazine, outlining
those who have been leading ideas and industries while purposefully
contributing to nation-building and positively impacting the lives around them.



The FORBES WOMAN AFRICA Awards Gala Dinner, which is
hosted the evening of the summit, is an opportunity to recognise the
trailblazers and role models who have created a new narrative within their
industries. By challenging authority and ‘old school’ traditions, they are
enabling future generations to live in a better and more equal world. 



Beatrice Cornacchia, Senior Vice President, Marketing and
Communications, Mastercard Middle East and Africa, said: “African women are a
vital source of innovation, prosperity, and economic growth. Yet inequality and
exclusion still hold women back in many aspects of their everyday lives &#8211; from
growing their businesses to having the financial tools to participate in the
formal economy; from joining the C-Suite to following their passions. We are
proud to partner with FORBES WOMAN AFRICA as we believe that it is only by
bringing diverse perspectives to the table that we can unlock Africa’s
possibilities to women.”



Managing Director of the ABN Group, Roberta Naicker, said
the organisation was excited that the KwaZulu-Natal government would, once
again, play host to this illustrious event, which serves to highlight the
continent’s most influential female leaders while also shining a spotlight on
this beautiful region. “A summit of this calibre showcases that KZN is being
positioned as a world-class events’ destination. We are excited to have
renowned speakers and attendees will get the opportunity to engage on hard-hitting
issues during the summit, while also affording them the chance to enjoy the
many recreational tourism sites and activities for which KZN is renowned.”



Tickets to the exclusive 2020 FORBES WOMAN AFRICA Leading
Women Summit and Gala Dinner are available at a cost of R3499, available
through Webtickets (<a href="https://www.webtickets.co.za/v2/event.aspx?itemid=1496991848">https://www.webtickets.co.za/v2/event.aspx?itemid=1496991848</a>).
Tickets are limited and interested parties are urged to book early to avoid
disappointment. There are also select opportunities to get involved with the event
sponsorship, exhibiting at the on-site marketplace or by sponsoring a mentee. Please
visit website for further details.



The 2020 FORBES WOMAN AFRICA Leading Women Summit is
presented by Mastercard (@MastercardMEA) and hosted by KZN Provincial
Government (@KZNgov). Keep updated on all the latest news and announcements on
Twitter @LWSummit and join the conversation using the hashtags #LWS2020KZN
#DOKZN.



Contact details:



Office: +27 (11) 384 0300



Sponsorship and exhibition opportunities: <a href="mailto:Sales_South_Africa@abn360.com">Sales_South_Africa@abn360.com</a> 



Media partnerships and press accreditation: <a href="mailto:oj@oliviajones.co.za">oj@oliviajones.co.za</a> 



Event-related queries: <a href="mailto:events@abn360.com">events@abn360.com</a>

Website:<a href="http://www.Leadingwomensummit.co.za">www.Leadingwomensummit.co.za</a>

Africa’s most dynamic thought-leaders, industry game-changers and icons of social activism set to feature at the exclusive FORBES WOMAN AFRICA 2020 Leading Women Summit

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="785" src="https://www.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-1110x785.jpg" alt="" class="wp-image-353090" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-1110x785.jpg 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-300x212.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-820x580.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-768x543.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-1536x1086.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-100x70.jpg 100w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-696x492.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-1068x755.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-594x420.jpg 594w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2-1920x1358.jpg 1920w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-2-2.jpg 2048w" sizes="auto, (max-width: 1110px) 100vw, 1110px" /></figure>



FORBES AFRICA is on the hunt for Africans under the age of 30, who are building brands, creating jobs and transforming the continent, to join our Under 30 community for 2020.



JOHANNESBURG, 07 January 2020: Attention entrepreneurs,
creatives, sport stars and technology geeks — the 2020 FORBES AFRICA Under 30
nominations are now officially open. 



The
FORBES AFRICA 30 Under 30 list is the most-anticipated list of game-changers on
the continent and this year, we are on the hunt for 30 of Africa’s brightest
achievers under the age of 30 spanning these categories: Business, Technology,
Creatives and Sport.



Each year, FORBES AFRICA looks for resilient self-starters, innovators, entrepreneurs and disruptors who have the acumen to stay the course in their chosen field, come what may.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1110" height="742" src="https://www.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-1110x742.jpg" alt="" class="wp-image-353085" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-1110x742.jpg 1110w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-300x201.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-768x513.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-1536x1027.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-696x465.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-1068x714.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-628x420.jpg 628w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020-1920x1283.jpg 1920w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/Under-30-online-2020.jpg 2048w" sizes="auto, (max-width: 1110px) 100vw, 1110px" /></figure>



Past
honorees include Sho Madjozi, Bruce Diale, Karabo Poppy, Kwesta, Nomzamo
Mbatha, Burna Boy, Nthabiseng Mosia, Busi Mkhumbuzi Pooe, Henrich Akomolafe,
Davido, Yemi Alade, Vere Shaba, Nasty C and WizKid.



What’s
different this year is that we have whittled down the list to just 30
finalists, making the competition stiff and the vetting process even more
rigorous.&nbsp; 



Says
FORBES AFRICA’s Managing Editor, Renuka Methil: “The start of a new decade
means the unraveling of fresh talent on the African continent. I can’t wait to
see the potential billionaires who will land up on our desks. Our coveted sixth
annual Under 30 list will herald some of the decade’s biggest names in business
and life.” 



If you think you have what it takes to be on this year’s list or know an entrepreneur, creative, technology entrepreneur or sports star under 30 with a proven track-record on the continent – introduce them to FORBES AFRICA by applying or submitting your nomination.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="724" height="1024" src="https://www.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-724x1024.jpg" alt="" class="wp-image-353088" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-724x1024.jpg 724w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-212x300.jpg 212w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-768x1086.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-1086x1536.jpg 1086w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-696x984.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-1068x1511.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1-297x420.jpg 297w, https://cms.cnbcafrica.com/wp-content/uploads/2020/01/poster-1.jpg 1448w" sizes="auto, (max-width: 724px) 100vw, 724px" /></figure>



NOMINATIONS
CRITERIA:



Business
and Technology categories



<ol class="wp-block-list"><li>Must be an
 entrepreneur/founder aged 29 or younger on 31 March 2020</li><li>Should have a legitimate
 REGISTERED business on the continent</li><li>Business/businesses
 should be two years or older</li><li>Nominees must have risked
 own money and have a social impact</li><li>Must be profit generating</li><li>Must employ people in
 Africa</li><li>All applications must be
 in English</li><li>Should be available and
 prepared to participate in the Under 30 Meet-Up</li></ol>



Sports
category



<ol class="wp-block-list"><li>Must be a sports person
 aged 29 or younger on 31 March 2020</li><li>Must be representing an
 African team</li><li>Should have a proven
 track record of no less than two years</li><li>Should be making
 significant earnings</li><li>Should have some
 endorsement deals</li><li>Entrepreneurship and
 social impact is a plus</li><li>All applications must be
 in English</li><li>Should be available and
 prepared to participate in the Under 30 Meet-Up</li></ol>



Creatives
category



<ol class="wp-block-list"><li>Must be a creative aged 29
 or younger on 31 March 2020</li><li>Must be from or based in
 Africa</li><li>Should be making significant
 earnings</li><li>Should have a proven
 creative record of no less than two years</li><li>Must have social
 influence</li><li>Entrepreneurship and
 social impact is a plus</li><li>All applications must be
 in English</li><li>Should be available and
 prepared to participate in the Under 30 Meet-Up</li></ol>



Your
entry should include:



<ul class="wp-block-list"><li>Country</li><li>Full Names</li><li>Company name/Team you are
 applying with</li><li>A short motivation on why
 you should be on the list</li><li>A short profile on self
 and company</li><li>Links to published
 material / news clippings about nominee </li><li>All social media handles</li><li>Contact information</li><li>High-res images of
 yourself</li></ul>



Nominations
must be sent via email to FORBES AFRICA journalist and curator of the list,
Karen Mwendera, on <a href="mailto:Karen.Mwendera@abn360.com">Karen.Mwendera@abn360.com</a> 



Nominations
close on 3 February 2020.

poster-2-2

Applications Open for FORBES AFRICA 30 Under 30 class of 2020

The leading business talk show on the number one business magazine platform, Forbes Africa My Worst Day with Peace Hyde, is set to launch its third instalment and this time, the program has a lineup of powerhouse business tycoons from the global business world. The show which is renowned for interviewing the African continent&#8217;s billionaires and millionaires on their most challenging day ever in business has raised the bar by venturing into global business world to assemble a league of some of the richest and most successful African American moguls. 



Reprising her role as creator, producer and host of the show that
reaches some 60 million homes across 16 countries in sub Saharan Africa, Peace
Hyde is set to take the award-winning show global. Successful editions have of
the show has been syndicated in Ghana and South Africa drawing in an enviable
guest list of some of the most powerful people in African business.



Some of the guests on this line up include, Eddie Brown, one of the
wealthiest philanthropists in Baltimore and founder of Brown Capital Management
investment firm with over $9 billion of assets under management; Janice Bryant
Howroyd, founder and CEO of $925 million ActOne, provider of workforce
solutions including temporary staffing; Cathy Hughes, media mogul and founder
of TV One and Urban One launched in partnership with Comcast with 53 stations
across 16 markets and Bishop TD Jakes of TD jakes Enterprises to name a few. 



From London, the prestigious shortlist includes the powerlist most
powerful person of African and Caribbean heritage for 2017 and 2019, Tom Ilube
and Ric Lewis respectively. Tom Ilube is a millionaire tech entrepreneur and
education philanthropist who is the founder of AIM listed Crossword
Cybersecurity and also a non-executive director of the BBC and sits on the
Royal Ban of Scotland’s technology Advisory Board. Ric Lewis is a CEO of
Tristan Capital Partners, an independent London headquartered real estate
investment management boutique with $10 billion of assets under management.



“We have interviewed some of the most powerful people in Africa and for
this season, we decided to seek out people all over the world with African
heritage and explore how they overcame their most challenging day in business.
When we started 3 years ago we didn’t realise how big the show will be and we
have had overwhelming feedback from all over the world and hence the reason why
we are going global with this season,” says Peace Hyde.



The show has previously featured Africa’s richest man Aliko Dangote
alongside other billionaire moguls like Africa’s second richest woman,
Folorunso Alakija, South African millionaire and Mayor of Johannesburg Herman
Mashaba, AFDB President Akinwumi Adesina and Ghanaian millionaire moguls Paa
Kwasi Nduom. The third season of the show is sponsored by leading real estate
company, Nedcomoaks.

Forbes Africa’s My Worst Day with Peace Hyde launches the global powerhouse edition on CNBC Africa

Brought to you by Hugo Boss



<div class="wp-block-image"><figure class="aligncenter is-resized"><img loading="lazy" decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/05/Hugo-Boss-Logo-1110x624.jpg" alt="" class="wp-image-335412" width="58" height="32"/></figure></div>



<div class="wp-block-image"><figure class="aligncenter"><a href="https://ad.doubleclick.net/ddm/trackclk/N4022.2065120CNBCAFRICA/B22341404.245923089;dc_trk_aid=442353184;dc_trk_cid=115471848;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=" target="_blank" rel="noreferrer noopener"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/SR19_HugoBoss_Porsche_01_sRGB1-1110x752.jpg" alt="" class="wp-image-335173"/></a></figure></div>



By Melitta Ngalonkulu, Journalist at Forbes Africa. 



Formula E is known
for its fascinating races globally. The partnership will have a strong focus on
the future of motorsport. In doing so the races will host a unique series for
the development of electric vehicle technology, refining the design,
functionality and sustainability of electric cars while creating an exciting
global entertainment brand.



HUGO
BOSS which boasts a long tradition of motorsports sponsorship – has been
successfully engaged in the electric-powered racing series since the end of
2017. 



In this collaboration, HUGO BOSS brings its 35 years of experience and expertise in the motorsport arena to Formula E, as well as the dynamic style the fashion brand is renowned for.



<figure class="wp-block-image"><a href="https://ad.doubleclick.net/ddm/trackclk/N4022.2065120CNBCAFRICA/B22341404.245923089;dc_trk_aid=442353184;dc_trk_cid=115471848;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=" target="_blank" rel="noreferrer noopener"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/HB_Formula_E_01_CMYK-1110x740.jpg" alt="" class="wp-image-335174"/></a><figcaption> Alejandro Agag (Formula E CEO) and Mark Langer (HUGO BOSS CEO)</figcaption></figure>



Mark
Langer HUGO BOSS, Chief Executive Officer (CEO) says that though they have been
working successfully with motorsports over the years, he is exceptionally
pleased that as a fashion brand they are taking the cooperation to new heights.




“As
a fashion brand, we are always looking at innovative approaches to design and
sustainability. When we first encountered Formula E, we immediately saw its
potential and we are pleased to be the first apparel partner to support this
exciting new motorsport series,” he says. 



The
fashion group is also the official outfitter to the entire Porsche motorsports
team worldwide. 



The
fascination with perfect design and innovation, along with the Porshe and Hugo
Boss shared passion for racing, inspired Hugo Boss to produce the Porsche x Boss
capsule collection.



Its standout features include premium leather and wool materials presented in the Porsche and HUGO BOSS colors of silver, black and red. 



<iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/Fx-BDDA-FOM" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe>



Since
March, a range of menswear styles from the debut capsule collection is
available online and at selected&nbsp;BOSS stores.&nbsp;In South Africa the
first pieces of the capsule will come as a part of the FW 19 collection.



Alejandro
Agag, Founder and CEO of Formula E says he is confident that the racers will put
their best foot forward on the racecourse. 



“This new partnership will see the team on the ground at each race dressed with a winning mindset and ready to deliver a spectacular event in cities across the world. As the first Official Apparel Partner of the series, we look forward to seeing the dynamic style and innovation on show that BOSS is renowned for,” says Agag.



<figure class="wp-block-image"><a href="https://ad.doubleclick.net/ddm/trackclk/N4022.2065120CNBCAFRICA/B22341404.245923089;dc_trk_aid=442353184;dc_trk_cid=115471848;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=" target="_blank" rel="noreferrer noopener"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/SR19_HugoBoss_Porsche_04_sRGB-1110x740.jpg" alt="" class="wp-image-335175"/></a></figure>



Oliver
Blume CEO of Porsche AG says Formula E is an exceptionally attractive racing
series for motorsport vehicles to develop. 



&#8220;It offers us the perfect environment to strategically evolve our vehicles in terms of efficiency and sustainability. We&#8217;re looking forward to being on board in the 2019/2020 season. In this context, the renowned fashion group HUGO BOSS represents the perfect partner to outfit our team.&#8221;

HUGO BOSS partners with Porsche to bring action-packed racing experience through Formula E

PRESS RELEASE



DURBAN, 7 February 2019: Supermodel, Philanthropist, Activist and
Cultural Innovator Naomi Campbell, will headline this year’s FORBES WOMAN
AFRICA Leading Women Summit, hosted by KwaZulu-Natal Provincial Government,
taking place at Durban’s Inkosi Albert Luthuli International Convention Centre
on International Women’s Day &#8211; Friday, 8 March.



“We are truly honoured to be welcoming Naomi Campbell to the fourth
annual FORBES WOMAN AFRICA Leading Women Summit,” commented Methil Renuka,
Managing Editor of FORBES AFRICA and FORBES WOMAN AFRICA, and host of this
year’s event. “Having established herself as a global powerhouse in fashion, Naomi
Campbell has used her fame to benefit vulnerable communities, with much of her
charity work also focused on the African continent. We look forward to engaging
with her at this year’s ‘New Wealth Creators’ summit.”



British-born Naomi Campbell was one of five
original supermodels that revolutionised the fashion industry during the 1990s.
Her work on the runway has seen her grace countless magazine covers, as well as
featuring in numerous television shows, music videos and films. Naomi Campbell has used her unique
position in the spotlight to draw attention to several international charities,
among them the Nelson Mandela Children’s Fund, Made in Africa Foundation,
amfAR, and Breast Health International. 



Her charity work started
alongside Nelson Mandela in 1993, with Madiba bestowing her the title of
‘Honorary Granddaughter’ for her ongoing activism. In 2005, Naomi Campbell established her own charity,
Fashion for Relief which has presented shows in New York, London, Cannes,
Moscow, Mumbai and Dar es Salaam, raising millions of dollars for various worthwhile
causes. 



Sihle Zikalala, the KwaZulu-Natal
Minister for Economic Development, Tourism and Environmental Affairs, said: “We
extend a warm welcome to this year’s headline speaker, Naomi Campbell. We look forward to engaging with her on topics
that will extend the positive impact women in this country, and on the
continent, are having globally. Her involvement in this event indicates the
calibre of this summit, and the strides being taken by African women. We are
proud to have been selected as the host venue for the fourth FORBES WOMAN
AFRICA Leading Women Summit as this gives us an opportunity to showcase the
incredible business opportunities and inviting natural beauty of the place we
call home.”



Attendees to the summit, hosted in association with the IDC, will get
the chance to engage with a selection of the continent’s most influential women
through keynote addresses, panel discussions and personal interviews. In
addition to the daytime networking, attendees to the summit are invited to the
FORBES WOMAN AFRICA Awards’ – a glamorous gala dinner celebrating those who
have made a remarkable impact in the business, sports, science, entertainment
and leadership categories. The gala dinner will take place at Durban’s Inkosi
Albert Luthuli International Convention Centre.



Ticket sales for this dynamic day are now open and includes full access
to the FORBES WOMAN AFRICA Leading Women Summit from 7am to 4pm and the FORBES
WOMAN AFRICA Awards’ Gala Dinner. Tickets are limited so book now!



For more information, visit www.leadingwomensummit.co.za or follow
@LWSummit on various social media platforms (#LWS2019KZN).



The FORBES WOMAN AFRICA Leading Women Summit and the FORBES WOMAN AFRICA
Awards’ Gala Dinner will be produced by ABN Event Productions.

Naomi Campbell announced as headline speaker for the 2019 Forbes Woman Africa Leading Women Summit

The Forbes Billionaires List: Africa’s Billionaires 2019

Attention entrepreneurs,creatives, sport stars and technology geeks — the 2019 FORBES AFRICA Under 30 nominations are now open. FORBES AFRICA is on the hunt for Africans under the age of 30, who are building brands, creating jobs and representing and transforming the continent, to join the Under 30 community of 2019. 



JOHANNESBURG, 17
January 2019: FORBES AFRICA is on the hunt for Africans under the age of 30,
who are building brands, creating jobs and representing and transforming the
continent, to join the Under 30 community for 2019.



Each year,
FORBES AFRICA looks for resilient self-starters, innovators, entrepreneurs and
disruptors who have the acumen to stay the course in their chosen field, come
what may. 



Past honorees
include Kwesta, Nomzamo Mbatha, Ink Eze, Isaya Yunge, Jokate Mwegelo, Yannick
Nzonde, Gilbert Eugene Peters, Yemi Alade, Vere Shaba, Kevin Lubega, Davido,
Rivo Mhlari, Nasty C and Wiz Kid.



&nbsp;“2019 will
be the fifth anniversary of the FORBES AFRICA Under 30 list. Every year, there
emerges, in the continent of a billion-plus people, young luminaries who are
blazing a trail to the finish line, and the idea of the list is to unearth and
uncover them on their way up,” says FORBES AFRICA’s Managing Editor, Methil
Renuka.



In addition to
the three categories – Creatives, Technology and Business in 2018, this year, FORBES
AFRICA introduces a new category — Sports.



&nbsp;“Leaders
are also born in the world of sport. It requires grit and determination to be a
game-changer and they definitely need to be celebrated early,” says Renuka.



If you think you
have what it takes to be on this year’s list or know an entrepreneur, creative,
technology entrepreneur or sports star under 30 with a proven track-record on
the continent – introduce them to FORBES AFRICA by submitting your nomination.



Nominations
close on 15 February 2019.



NOMINATIONS
CRITERIA:



Business and
Technology categories



<ol class="wp-block-list"><li>Must bean entrepreneur aged 29 or
 younger on 30 June 2019</li><li>Should have a legitimate
 REGISTERED business on the continent</li><li>Business or businesses should be
 two years or older</li><li>Nominees must have risked own
 money and have a social impact</li><li>Must be profit generating</li><li>Must employ people in Africa</li><li>All applications must be in
 English</li><li>Should be available and prepared
 to participate in the Under 30 Meet-Up</li></ol>



Sports
Category



<ol class="wp-block-list"><li>Must be a sports person aged 29 or
 younger on 30 June 2019</li><li>Must be representing an African
 team</li><li>Should have a proven track record
 of no less than two years</li><li>Should be making significant
 earnings</li><li>Should have some endorsement deals</li><li>Entrepreneurship and social impact
 is a plus</li><li>All applications must be in
 English</li><li>Should be available and prepared
 to participate in the Under 30 Meet-Up</li></ol>



Creatives



<ol class="wp-block-list"><li>Must be a creative aged 29 or
 younger on 30 June 2019</li><li>Must be from or based in Africa</li><li>Should be making significant
 earnings</li><li>Should have a proven creative
 record of no less than two years</li><li>Must have social influence</li><li>Entrepreneurship and social impact
 is a plus</li><li>All applications must be in
 English</li><li>Should be available and prepared
 to participate in the Under 30 Meet-Up</li></ol>



Your entry should include:



<ul class="wp-block-list"><li>Country</li><li>Full Name</li><li>Company name/Team</li><li>A short reason why they should be
 an Under 30</li><li>Links of published material about
 nominee</li><li>Contact information</li></ul>



Share your photographs, via email.
Nominations must be sent to 



<a href="mailto:30under30@abn360.com">30under30@abn360.com</a>, <a href="mailto:Ancillar.Mangena@abn360.com">Ancillar.Mangena@abn360.com</a> and Karen.Mwendera@abn360.com



All nominees
will be vetted by a panel, FORBES AFRICA editors and the editorial team.



Each year, FORBES AFRICA looks for resilient self-starters, innovators, entrepreneurs and disruptors who have the acumen to stay the course in their chosen field, come what may. Past honorees include Kwesta, Nomzamo Mbatha, Ink Eze, Isaya Yunge,Jokate Mwegelo, Yannick Nzonde, Gilbert Eugene Peters, Yemi Alade, Vere Shaba, Kevin Lubega, Davido, Rivo Mhlari, Nasty C and Wiz Kid.



&nbsp;“2019 will be the fifth anniversary of the FORBES AFRICA Under 30 list. Every year, there emerges, in the continent of a billion-plus people, young luminaries who are blazing a trail to the finish line, and the idea of the list is to unearth and uncover them on their way up,”says FORBES AFRICA’s Managing Editor, Methil Renuka. 



In addition to the three categories – Creatives, Technology and Business in 2018, this year,FORBES AFRICA introduces a new category — Sport. 



&nbsp;“Leaders are also born in the world of sport.It requires grit and determination to be a game-changer and they definitely need to be celebrated early,” says Renuka. 



If you think you have what it takes to be on this year’s list or know an entrepreneur, creative or technology entrepreneur or sports star under 30 with a proven track-record on the continent – introduce them to FORBES AFRICA by submitting your nomination.



Nominations close on 15 February 2019.



<h2 class="wp-block-heading">Nominations criteria:</h2>



<h3 class="wp-block-heading">Business and Technology categories </h3>



<ol class="wp-block-list"><li>Must bean entrepreneur aged 29 or younger on 30 June 2019</li><li>Should have a legitimate REGISTERED business on the continent</li><li>Business or businesses should be two years or older</li><li>Nominees must have risked own money and have a social impact</li><li>Must be profit generating </li><li>Must employ people in Africa</li><li>All applications must be in English</li></ol>



<h3 class="wp-block-heading">Sports Category</h3>



<ol class="wp-block-list"><li>Must be a sports person aged 29 or younger on 30 June 2019</li><li>Must be representing an African team </li><li>Should have a proven track record of no less than two years </li><li>Should be making significant earnings </li><li>Should have some endorsement deals </li><li>Entrepreneurship and social impact is a plus </li><li>All applications must be in English</li></ol>



<h3 class="wp-block-heading">Creatives </h3>



<ol class="wp-block-list"><li>Must be a creative aged 29 or younger on 30 June 2019</li><li>Must be from or based in Africa</li><li>Should be making significant earnings </li><li>Should have a proven creative record of no less than two years</li><li>Must have social influence </li><li>Entrepreneurship and social impact is a plus </li><li>All applications must be in English</li></ol>



Your entry should
include: 



<ul class="wp-block-list"><li>Country</li><li>Full Name</li><li>Company name/Team</li><li>A short reason why they should be an Under 30 </li><li>Links of published material about nominee </li><li>Contact information </li></ul>



Share your photographs, via email. Nominations must be sent to Ancillar Mangena:



<a href="mailto:30under30@abn360.com">30under30@abn360.com</a> or <a href="mailto:Ancillar.Mangena@abn360.com">Ancillar.Mangena@abn360.com</a> 



All nominees will be vetted by a panel, FORBES AFRICA editors and the editorial team.



<h1 class="wp-block-heading" id="mce_1">&nbsp;</h1>

Forbes Africa Under 30 opens nominations for 2019

By Karen Mwendera and Methil Renuka from Forbes Africa
From November 7-9, Africa Inc. will convene in South Africa’s Gauteng Province, the continent’s seventh largest economy, for the inaugural Africa Investment Forum (AIF).
An initiative of the African Development Bank (AfDB), it was announced in May in Johannesburg by AfDB President Akinwumi Adesina with Gauteng premier David Makhura.
“It will be the continent’s first-ever investment market place,” said Adesina, formerly Nigeria’s minister of agriculture.
“South Africa is open for business again, and as Gauteng, we are ready to host the forum on behalf of not only South Africa, but for Africa,” said Makhura, calling the forum “the Davos of Africa”.
A platform to close the investment gap, Adesina called it a game-changing initiative.
READ MORE: The Investment Hotspot
“It cannot be business as usual, it must be business unusual,” he said.
With Africa’s population set to be two billion by 2050, its development needs will require an estimated $600-$700 billion per annum. So accelerated development will be the forum’s focus.
“The forum will be 100% transactional. There will be no political speeches. The only thing allowed will be transactions, transactions and transactions,” said Adesina. In attendance in November will also be African heads of state who will be present as the CEOs of their countries.
In a sit-down interview with FORBES AFRICA, the AfDB president shared more about new investments, and the bread baskets and Silicon Valleys of Africa:
How will AIF take Afro-optimism and the African growth story further? 
African economies have been growing relatively well in a very difficult global environment. Despite the global economic downturn, in 2016, they grew at roughly 2.2%; in 2017, they grew at 3.6%. In 2018, they are projected to grow at 4.1%. And that’s still above the global average.
So Africa’s head is above the water. But it’s more than about keeping your head above the water that matters, it is about how fast you can swim. I think Africa needs to swim fast and needs a lot of oxygen to do that. And that means a lot of firepower in terms of capital to close the infrastructure gap. To be able to drive millions of people out of poverty, Africa should be growing at double digits.
To be able to do that we have to deal with the problem of lack of electricity, make sure there is a lot more investment to allow trade to happen. Africa could contribute a lot more be it is rail, ports, national highways or aviation. It has to change lives on the ground and quiet honestly when people ask if I am an Afro-optimist, I am a very proud African. Africa is a beautiful place and has tremendous potential so we shouldn’t always just talk about the potential because nobody eats potential. We have to unlock that potential. So that is what the Africa Investment Forum is all about. Be it oil, gas, minerals or agricultural commodities, Africa is awash with rich resources.
The question is how to turn them into real dividends with significant amounts of revenue that allows a better quality of life for the people. For that, you need to deal with the infrastructure deficit. We used to say it is about $15 billion. But that has changed. The AfDB recently released the African Economic Outlook report and the deficit is anywhere between $67 billion to $107 billion every year, so which means we must do a faster job pulling capital together because the rest of the world is not waiting.
How long will it take to close that gap? 
I think within the next decade. But it’s going to take a lot of work…
What about the youth dividend; what are the future industries? 
Africa is at the very top in fintech and mobile money… but as we look at new types of industries, we have to look at them in the context of the fourth industrial revolution… I get excited when I see the youth in Africa well-educated, they are all on social media, know how to use apps, which means they already have a leg up. So the key is how to re-tool them to operate in that kind of a new economy. The AfDB is doing that in three ways already. First is we signed up a joint program with Google and Microsoft to help develop young talented Africans in computer technology. We as a bank are already investing in technology parks in Cape Verde, Angola, Kenya, Senegal, Rwanda. These are technology parks where you can have the ICT industries emerge; almost like trying to create the Silicon Valleys of Africa.
When it comes to the new economy, you have to start early. We have a program trying to create 250 coding centers in Africa where you get people with computational knowledge to do coding services that can help in this new world we are moving towards. We are also investing in universities for science and technology across Africa to create this new scientific human capital…We need to give African youth the skills they need for the jobs of the future, not for the jobs of yesterday.
What then are the new wealth generators? 
If you look at where the money is going in Africa, it’s not actually going into oil, gas and natural resources. Most of the foreign direct investment (FDI) is going into the service industry, at least 64%, and also the financial services sector; maybe about 27% goes into the manufacturing sector. So these are the big sectors where you see a lot of FDI. But there are two sectors very important for me. 
One is ICT, because this is going to be the driver of the economy. It’s very important for countries to invest heavily in the ICT industry to give their countries the platforms they need in the knowledge economy.
The second is the food and agriculture industry. Africa has a lot of oil and gas, but nobody drinks oil, nobody smokes the gas. Food is the future. The size of the food and agriculture industry in Africa is going to be $1 trillion by 2030 in Africa. This is where the wealth is supposed to come from. Unfortunately, in Africa, we always walk past gold. Just imagine you are seeing gold, and you see it as dirt and don’t recognize it. That’s the power agriculture has… The food business is the biggest business. Agriculture is not a development sector, it’s not a social sector, it’s a wealth-creating sector. Agriculture is a business and Africa needs to fully unlock that potential. If you look at the amount of arable land left to feed nine billion people in the world by 2050, it is not in Europe, Latin America, Asia, or the US, it’s in Africa – 65% is right here. What Africa does with agriculture will determine the future of food for the world.
How will Africa’s billionaires and capitalists help achieve these goals? 
If you look at the high-networth-individuals in Africa, the majority of them make their money on this continent, and that’s already a strong signal. Aliko Dangote makes his money in Africa. 
So we are going to get them involved on the Africa Investment Forum because it is trying to send a message to the world that we have African businesses that are viable businesses making money and doing well on the continent; so putting capital to help them expand can help them become global multi-national companies…
And investing in African entrepreneurs? 
The issue for entrepreneurs is finding them, nurturing them and then putting the financial backing behind them to thrive. Africa has a lot of young people. Every day, I wake up I read about a young person doing so well. So the best investment that Africa can make is to put its capital at risk on behalf of its young people. Because when you see a young person walk into a financial institution, all you see is risk, risk, risk. We have to change that and try and see creativity, innovation and entrepreneurship. So that way we can put your money at risk to make them more creative, more innovative and unleash their entrepreneurship capacity. That is why at AfDB, we have a program helping to invest in the early-stage businesses of young people. Mark Zuckerberg and Bill Gates didn’t just get there, somebody had to believe in them.
We have a program set up with the European Union called Boost Africa to invest in young people. The other thing we are doing is helping unleash entrepreneurship in the food and agriculture industry. The bank has a program targeted at getting young graduates, medical doctors, engineers… who are all going to agriculture as a business. Last year, AfDB invested over $860 million in that program for about eight countries. Going forward, we expect to invest $1.5 billion dollars every year in that program for the next 10 years. 
I really think unless we change the mindset, the labor composition of the agricultural sector and create a new dynamic group of entrepreneurs in the food industry, we only will have old people left. Every university in Africa has to make entrepreneurship compulsory.

#AfricaInvestmentForum: A Marketplace Coming To Africa

Gautam Duggal is a man who has his work cut out for him – as the Regional Head of Wealth Management for Africa, the Middle East and Europe at Standard Chartered Bank it is his job to oversee strategy, business and product development for the bank across three territories. Residing in Dubai, the melting pot and commercial hub of the Middle East, Duggal also looks after advisory services offered by the bank for its investments, treasury and insurance products in the retail, private and business segments. This means he has to be exceptionally well versed in who his client base is and what their attitudes are towards investment.
<a href="https://cdn.forbesafrica.com/app/uploads/2017/11/27121437/SC-WealthManagement2018.pdf">FREE DOWNLOAD: FORBES AFRICA&#8217;S WEALTH MANAGEMENT SUPPLEMENT&nbsp;</a>
Africa is home to some of the fastest growing economies in the world and the stats show how moneyed its populations are; high-net-worth individuals, according to the World Wealth Report, grew by 8.1% in Africa last year, with overall affluence increasing by 10.7% – faster than anywhere else in the world.
“We definitely see this trend continuing far beyond 2018. There is an entrepreneurial spirit sweeping the region. As we see technology permeate all areas of the economy, individuals are using this access to start new businesses and expand beyond city centers and geographies. It’s these entrepreneurs who are creating wealth for themselves and their families,” says Duggal.
The wealth needs of Africa’s diverse, growing middle class population, estimated at 300 million people, are intricate, with most countries being emerging economies and wealth being a relatively new notion for many. The African Lions report defines the continent’s middle class as “not in poverty” and having “disposable income and discretion”. The African middle class, says the report, also has a tertiary education that has been completed or is underway; they have money to fall back on in times of emergencies and access to a computer with email and internet.
“This particular growing middle class is looking for means to save for their first home, pay for their children’s education and set money aside for retirement. In many cases, they are the first ones in their families to attain surplus wealth, so often, there is a need to care for their aging parents or other relatives,” notes Duggal.
Saving early and doing so prudentially is key, however there is a need to dispel the sentiment that a considerable amount of cash is required to start investing. Many banks cater for basic savings plans that allow for a fixed amount to be put away each month. Standard Chartered, for example, offers a vehicle where money can be invested in a diversified portfolio of globally-recognised mutual funds. In South Africa, tax-free savings plans that are comprised of unit trusts and other investment vehicles intended to bolster savings are also gaining popularity, with the likes of Allan Gray and Old Mutual offering similarly structured products.
<blockquote class="td_quote td_quote_left">THERE ARE CHALLENGES WHICH NEED TO BE ADDRESSED BUT I WOULD SAY THERE ARE FAR MORE OPPORTUNITIES THAN CHALLENGES.</blockquote>
The best place for one to start creating wealth, Duggal tells us, is to become financially literate and to understand the options available as an investor. “Of course, every investor is unique and their investing is solely dependent on their individual client risk profile and personal preferences.”
On the trends in Africa, Standard Chartered sees real estate as a favored asset class for many with developers turning to mixed-use projects as a means to boost their bottom lines. There is also a marked increase in technology start-ups with the rise of mobile devises – an IDC report shows that the African smartphone market reached an estimated 95.37 million units in 2016; although feature phones still rank number one, homegrown manufacturers such as Mint Mobile in South Africa are coming to the fore with a ‘Made in Africa’ solution to meet local smartphone and tablet demand. And while asset classes invested in Africa’s natural resources and commodities are popular, a portion of their money can also be found in offshore investments.
From the bank’s perspective, diversification across both asset classes and geographies is vital to reducing overall risk, which is unique to the individual with investment power dependent on their existing risk profile as well as personal preference. But generating wealth substantial enough to be able to invest it is not without its challenges, which includes high inflation, illiquid markets, a lack of information and credible research data however, Duggal is confident the pros outweigh the cons.
<div id="attachment_292440" style="width: 235px" class="wp-caption alignleft"><a href="https://cdn.forbesafrica.com/app/uploads/2017/11/27121437/SC-WealthManagement2018.pdf" target="_blank" rel="noopener noreferrer"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-292440" class="wp-image-292440 size-medium" src="http://cnbc.africa/wp-content/uploads/2017/11/GD-SC-WM18-225x300.png" alt="" width="225" height="300"></a>‘HERE FOR GOOD, HERE FOR AFRICA’ | Download Forbes Africa&#8217;s Wealth Management supplement</div>
“We are optimistic that many African economies will continue to grow in the long run amidst certain shocks here and there. There are challenges which need to be addressed but I would say there are far more opportunities than challenges,” he says.
<h3>MILLENNIAL MENTALITY</h3>
There is a growing consensus that the millennial generation currently has the greatest buying power – projections put this number at between 80-90 million in America alone and thus, millennials are at the core of the majority of industries today. Wealth management is no exception.
The millennial generation, in particular, has been exposed to significant global, social and economic change in relation to previous generations. Millennials are distinguished by their impatient nature and have different attitudes towards how to manage their assets. It is for this reason that Duggal believes that it is crucial to have a conversation with the bank’s younger private banking and investment clients to explain their investment profiling and look at how they can invest their money, saying that “a millennial investor has no issue with understanding the math behind a solution, yet, we lose them over a traditional paper and pencil explanation. Millennials want to understand how the advisor thinks and analyses through a screen and a dynamic tech solution. It is important to get them to see how the right kind of advisory platform can help them make an informed decision in terms of their investment.”
A key driving factor amongst millennials in their decision making is their need to change the world. According to EY, a millennial is twice as likely to invest their money in a company that is focused on social or environmental issues. This bodes well for sustainable investments, which currently represent 18% of assets under management in wealth and asset management classes.
“They need to know where their money is put, and they want to make sure that this it serves their purposes. This would require vast research and a restructuring of product offerings,” explains Duggal.
<h3>HOW DO THEY DO IT?</h3>
So what qualifies Standard Chartered to advise its clients on where to put their money?
“We have strong advisory capabilities and a specialist model, which makes us unique in the market. We also leverage on our local market knowledge. We have had a presence for over 100 years in many of the countries we operate in… We are deeply rooted in Africa and can confidently say that we are ‘Here For Good, Here For Africa’. The bank also has a global footprint. It is because of this that we are able to combine global, regional and local knowledge to best serve our customers,” says Duggal.
From within, Duggal believes in the importance of nurturing the bank’s young talent. Standard Chartered has programmes to invest in its talent across all levels of seniority – a leadership programme aimed at its senior managers and heads of business helps them grow within the business. Similar programmes are in place for junior employees with the objective of upskilling them, where they can travel on short-term assignments for up to a year to more established markets to help them to gain a better understanding of how these markets work.
As business as a whole moves into a more global space, it is more important than ever to develop programmes that aim to bring about a diverse range of skills and experience and nurture talent by encouraging mentorship at all levels – the Boyden Talent Management Trends in the Banking Industry 2017-2018 report notes that “The best talent wants to work for innovative companies that offer learning opportunities and financial institutions must win the talent war in order to succeed in their efforts to recruit and retain individuals most suited for their organisation. This flexible and focused workforce will help build an organisation that is digitally savvy and flexible enough to adapt to current and future changes. To this end, having leaders and recruiters with experience in transformational change is essential.”
With the prospects in Africa riper than ever before, we can certainly look forward to seeing Standard Chartered putting their money on the continent, along with their clients.

gautam-7020_InPixio

STANDARD CHARTERED’S GAUTAM DUGGAL ON WHY AFRICA IS A GOOD BET FOR RETURNS

Not many would have imagined that what happened in Zimbabwe this week would ever happen. President Robert Mugabe on Wednesday was placed under house arrest after 37 years in power. For the first time in years people inside Zanu-PF have openly expressed their views on the crisis in the country. Today the masses took to the streets to protest against Mugabe, the scenes below were shared by award winning Forbes Africa and Forbes Woman Africa Journalist Ancillar Mangena

History in the making: Scenes from #Zimbabwe’s anti-Mugabe protest

Forbes Africa Editor Chris Bishop took a sneak preview of the new Hollywood blockbuster Dunkirk as it lands in the continent and emerged more than a little disappointed.
Sometimes art pales when it tries to imitate life and gritty human history. This was what I felt when I left the cinema after two hours of the slick new Hollywood effort Dunkirk.
This is one of the reasons why. When I was a young, aspiring, reporter on a small provincial weekly newspaper I had to carry out “district calls” every Monday morning; for the new generation of journalists this means travelling around actually talking to people to find out what is going on at street level. It was the best foundation for a career in journalism.  It was a lot more reliable than social media and frankly a lot more fun (Youngsters, don’t forget to look back at your phone and say : ‘Yeah, yeah, yeah’ at this juncture.).
I always looked forward to my first call of the day, at a small semi-detached house in Wilden Lane, the most. As my car drew up the florid face of Reg Abbotts would beam through the window. He was a town councillor and former mayor who used to like talking to journalists and was always full of stories. I can shut my eyes and hear his throaty laugh, country burr and eyes bright with mirth; I always liked Reg no matter what his political party was doing. He was man of substance and a man of the world even though he’d lived nowhere but his tiny village; war had made him a socialist.
I always wondered why he used to offer me a whiskey on a Monday morning before pouring a large one for himself; back then you didn’t say no to elders, so I accepted. In those days we also hadn’t heard about post-traumatic stress.
One day I noticed his war medals. He told me he was at Dunkirk &#8211; the French beach where British and French troops fled the advancing Germans in May 1940. It proved a miracle in anyone’s book. The British hoped to rescue about 30,000 troops; a brave operation that included scores of small ships from ferries to rickety pleasure boats to save more than 300,000 troops and arguably changed the course of the war.
Reg was a cavalry man in the Queen’s Own Worcestershire Hussars, a regiment that served in Africa in the Anglo-Boer War, one of the regiments of folklore where I grew up. There were no horses in World War Two and Reg told me, between sips of whiskey, he was in an anti-tank battery forming the rear guard against the advancing Germans to buy time for the troops to be picked off the beach at Dunkirk.
“Remember Dame Barbara Cartland the romantic novelist?” he asked between sips. Yes, I said.
“Her brother had his head blown off right next to me.”
Sure enough, years later I checked the history books and saw Major Ronald Cartland of the Hussars was indeed killed as Reg’s battery retreated rapidly after destroying 40 German tanks and buying hours of time. He told me of the retreat on foot though the chaos, the fear, the dive bombers, the confusion on the beach and the ugly scramble to get on the last boats. It was a vivid story full of drama and humour.
A leg wound meant Reg had to hop most of the way, in agony. When he arrived home in England he was on crutches. I will carry the stories to my grave.
This is one of the reasons I had been waiting to see Dunkirk and one of the many reasons I was disappointed.
For a start there were no names and little context in the film. Everyone seemed to flit across the screen like extras, with little depth or background to their characters.
I thought the film did capture the terror and the fear of the thunderbolts of violence from dive bombers and submarines. Thumbs up to the director for not using CGI, but I thought some of the big battle scenes looked a bit thin on action.
There was drama and tension in the escape through the bullets and bombs of the Germans, but I felt there were better stories that were overlooked. For instance, among the little boats to the rescue was a paddle steamer that made multiple trips under fire and rescued 7,000 troops. Another little boat was holed below the water line and only made it back to England because soldiers held a mattress against the breach.
On top of this there was another historical clanger in that the rescued troops were seen reading of the evacuation in the following morning’s papers which was the “fight them on the beaches” speech by Winston Churchill. It was delivered a month after Dunkirk.
Overall I thought it was an unworthy tribute to the ordinary men who risked life and limb at Dunkirk. As I write this I am wearing the regimental tie of the Queen’s Own Worcestershire Hussars in memory of the remarkable man-of-the-people that was Reg. I think it is a better tribute and he would have appreciated it. Cheers Reg.

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Could it happen in this age of greed? A leading international musician pays his own way to travel thousands of miles to celebrate the independence of an African nation. He spends a night in a run-down hotel; smokes marijuana with farmers; survives teargas and writes a song that goes down in history. This was Bob Marley 35 years ago at the birth of Zimbabwe – an African story told by those who were there.
It all started with the impossible dream in Harare. Two Zimbabwean businessmen, nightclub owner, Job Kadengu and Gordon Muchanyuka, wanted a big name to serenade the new Zimbabwe at independence at midnight on April 17, 1980. Kadengu and Muchanyuka agreed Bob Marley was their man.
They flew to Kingston, Jamaica, to invite Marley, just weeks before independence day.
“Chris Blackwell, his manager at the time, was against this tour, but Marley, who had been following events in Zimbabwe, decided he would go. He hired a PA system in London and paid for his freight to Zimbabwe at his own expense,” says Fred Zindi, now a professor at the University of Zimbabwe, then, one of the Marley dreamers.
Marley had inspired Zimbabwe.
“During the years of Chimurenga (chiShona for uprising), Bob Marley’s music had been adopted by the guerrilla forces of the Patriotic Front; indeed, there were stories of ZANLA troops playing Marley cassettes in the bush. Certainly, Marley’s music has potency and a commitment which goes far beyond simple entertainment. He now enjoys a special place in Third World culture; an artist who directly identifies with the black African struggle. Thus, he was the only outside artist asked to participate in Zimbabwe’s independence celebrations,” says Zindi.
“His songs were the food that people in liberation movements, particularly the armed wings, were swallowing. From that point of view… to be able to see that music was an important aspect of the liberation of this continent. Bob Marley, like Amilcar Cabral (the first president of Angola), articulated so well the importance of the role of culture and music in the liberation struggle,” says Shadrack Gutto, a Unisa professor and constitutional law expert in South Africa, who was to teach law in Zimbabwe for 12 years.
So, it was set for a strange arrival at Salisbury Airport (now Harare International) on a Wednesday afternoon, on April 16. A bemused contingent of police in stiff green uniforms and peaked caps struggled to control a swarming crowd who came to see the arrival of the Jamaican dreadlocked band. The airport had not seen so many people for years as sanctions kept the world away.
“By the time the band arrived, a chartered Boeing 707 was on its way from London to Salisbury with 21 tons of equipment; a full 35,000-watt PA system plus backline equipment. It was one of the most extraordinary logistics operations. Mick Cater, from Alec Leslie Entertainment, flew down with the equipment and then set himself the problem of building a stage in time for the celebrations. By Wednesday, when the 12-strong road crew arrived in Zimbabwe, he had six hours in which to construct the stage and find sufficient power for the PA system,” says Zindi.
Marley and his crew spent the night, socializing with many former guerrilla fighters, at the run-down Skyline Hotel on the outskirts of Harare as foreign journalists had booked all the big hotels. The next day, Marley traveled to spend time with marijuana farmers in Mutoko, a town 143 kilometers outside Harare, where he sampled the herb.
In the last hours of Rhodesia, on April 17, thousands flocked to Rufaro stadium in Mbare, the Harare township that was the crucible of the struggle. There was a carnival atmosphere, people wore caps and t-shirts bearing the face of the new prime minister, Robert Mugabe.  At midnight, the green, gold and black flag of Zimbabwe, with the African fish eagle, replaced the Union flag.  A 32-year-old Prince Charles stood and saluted as the Union Flag came down for the last time in Africa.
People crushed into the stadium as Marley took to the stage. The police panicked and fired teargas into the crowd.
Back-up singers Marcia Griffiths and Rita Marley, the wife of the lead singer, were the first band members to get a whiff of teargas and they ran backstage. When it cleared, they went back.
“Bob was still in his element, he didn’t realize what was happening around him. So when we got back on stage, this is what Bob said to us: ‘Now I know who the true revolutionary is,’” says Rita in a documentary years later.
“It was a poignant moment; Bob Marley takes a celebratory stance at the front stage, calling out ‘Viva Zimbabwe!’ Each time eliciting a greater response from the audience. It is a moment pregnant with possibilities. Rastafari in our father’s land. A realization of the inherent unity in black culture, as emotional for the audience as it is for the band. Homecoming,” says Zindi.
“Bob Marley was at his height and that alone attracted a lot people’s attention to Zimbabwe. It was an historic moment of the liberation of Zimbabwe where the white arrogant people declared independence and so on. It was a moment when I and the other progressive intellectuals went to Zimbabwe. It was a special period. It captured the imagination of the world. You can’t hold Marley responsible for what Robert Mugabe did after that,” says Gutto.
One of the things that Mugabe did was to declare Gutto persona non grata, on unspecified national security grounds, in 1988 and deported him.
One of the many Zimbabweans turned away on independence night by police outside Rufaro stadium was 21-year-old Enos Nyarenda, an activist who had just returned from exile.
“When the war ended in Zimbabwe, in January, I went home in Harare with many other activists to witness our independence. My mother cried so much. It was after two years of my absence. My father was still in detention then, detained by the Ian Smith government, but he was released just a few days before independence day. I can’t describe the feeling, it was so emotional. We hugged. He had been detained for five years,” says Nyarenda, now a businessman in Kwekwe, in central Zimbabwe.
Luckily, for thousands like Nyarenda, Marley agreed to play again at Rufaro the following day. Nyarenda went with his new girlfriend, Susan, who is now his wife and mother of his three children.
“Oh man, we had this international outfit for the first time in Zimbabwe, these guys with long dreadlocks. Some of these things were not familiar at that time. I have never attended a music show bigger than that one. Having been from the bush, I was not the real reggae person. But the people were so excited and screaming. It was a free show. We instead had love for the music. Everyone couldn’t believe we were actually free, I never felt like that in my life. We are still talking about that day,” says Nyarenda.
So will Africa as long as people talk.

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