Blog Post

13 Dec
By: Ferdinand Musungu 0

KEPSA PARTICIPATES IN THE 9TH ACP SUMMIT

The 9th ACP Summit of Heads of State and Government took place from 9th to 10th December 2019 in Nairobi, Kenya. The Summit, themed “A Transformed ACP: Committed to Multilateralism”, was preceded by a Joint Meeting of ACP Ministers of Foreign Affairs and Council of Ministers, ACP Business Summit with Private Sector under the theme “Economic Transformation of ACP States through Industrialization and Private Sector Engagement. The Business Forum was held on Sunday 8th December 2019.

In his opening remarks, H.E Uhuru Kenyatta, the President of the Republic of Kenya expressed the need for ACP States to continually improve the regulatory framework and design polices that promote growth of MSMEs, improve ease of doing business, increase competitiveness and transparency.  He said that his government has established a formal engagement with the Private sector in which the Private Sector and Government dialogue and create polices and an environment the ehances the ease of doing business. He also encouraged all ACP member states to leverage on public private partnerships (ppps) to make them more competitive. He concluded by noting that Private sector led development is critical.

UBA Chair/Founder Tony Elumelu foundation (TEF), Mr. Tony Elumelu noted that there is need to pursue polices that help crystalise opportunities and drive infrastructure growth, adding that the world shares common concerns and common opportunities. He also challenged fellow business leaders and organisations to engage in  programs that develop young people especially in areas of innovation and technology.  Through TEF,  he aims to reach at least 10,000 young innovators and entreprenuers to enhance and develop their entreprises through training and access to capital of up to 5000 USD.

The meeting was followed up by two panel discussions in which KEPSA was represented by Mr Nicholas Nesbitt, who sat alongside H.E Mia Mottley, Prime Minister of Barbados, H. E Mr Danny Faure, President of Seychelles, Ms Ifeyinwa Ugochukwu Chief Executive Officer, Tony Elumelu Foundation and Mr Ambroise Fayolle, Vice President European Investment Bank. This high-level dialogue between ACP Heads of States and ACP Captains of Industry was designed to share information and practice on implementable decisions and investment plans and concrete projects in the area of; industrial transformation, of/for ACP countries and entrepreneurship acceleration strategies and processes for ACP countries and intra-ACP investment, trade and development for ACP countries.

The 9th ACP Summit of Heads of State and Government took place from 9th to 10th December 2019 in Nairobi, Kenya. The Summit, themed “A Transformed ACP: Committed to Multilateralism”, was preceded by a Joint Meeting of ACP Ministers of Foreign Affairs and Council of Ministers, ACP Business Summit with Private Sector under the theme “Economic Transformation of ACP States through Industrialization and Private Sector Engagement. The Business Forum was held on Sunday 8th December 2019.

In his opening remarks, H.E Uhuru Kenyatta, the President of the Republic of Kenya expressed the need for ACP States to continually improve the regulatory framework and design polices that promote growth of MSMEs, improve ease of doing business, increase competitiveness and transparency.  He said that his government has established a formal engagement with the Private sector in which the Private Sector and Government dialogue and create polices and an environment the ehances the ease of doing business. He also encouraged all ACP member states to leverage on public private partnerships (ppps) to make them more competitive. He concluded by noting that Private sector led development is critical.

UBA Chair/Founder Tony Elumelu foundation (TEF), Mr. Tony Elumelu noted that there is need to pursue polices that help crystalise opportunities and drive infrastructure growth, adding that the world shares common concerns and common opportunities. He also challenged fellow business leaders and organisations to engage in  programs that develop young people especially in areas of innovation and technology.  Through TEF,  he aims to reach at least 10,000 young innovators and entreprenuers to enhance and develop their entreprises through training and access to capital of up to 5000 USD.

The meeting was followed up by two panel discussions in which KEPSA was represented by Mr Nicholas Nesbitt, who sat alongside H.E Mia Mottley, Prime Minister of Barbados, H. E Mr Danny Faure, President of Seychelles, Ms Ifeyinwa Ugochukwu Chief Executive Officer, Tony Elumelu Foundation and Mr Ambroise Fayolle, Vice President European Investment Bank. This high-level dialogue between ACP Heads of States and ACP Captains of Industry was designed to share information and practice on implementable decisions and investment plans and concrete projects in the area of; industrial transformation, of/for ACP countries and entrepreneurship acceleration strategies and processes for ACP countries and intra-ACP investment, trade and development for ACP countries.

In his remarks, KEPSA Chair, Nik Nesbit, emphasized on the need to increase our competitiveness as a region so as to create employment and make the region attractive to investors. He added that there is need to create a positive attitude, trust and have a sense of optimism. He also pointed out that there is a need for government to dialogue with the private sector as a partner in spurring economic growth, noting that this is currently unique to Kenya and not happening in other parts of the region.

In his remarks, KEPSA Chair, Nik Nesbit, emphasized on the need to increase our competitiveness as a region so as to create employment and make the region attractive to investors. He added that there is need to create a positive attitude, trust and have a sense of optimism. He also pointed out that there is a need for government to dialogue with the private sector as a partner in spurring economic growth, noting that this is currently unique to Kenya and not happening in other parts of the region.

Leave a Comment

Your email address will not be published. Required fields are marked *