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How the Mauritius Commercial Bank plans to be a force for good in Africa

The 8th edition of the largest international meeting of the African private sector will be held on March 9 and 10 in Abidjan, Côte d’Ivoire. As debates on the role of capitalism rage around the world and the need to “do good” is increasingly pressing, 1,800 key decision-makers from industry, finance, and politics, will converge in Abidjan to boost the impact of the continent’s businesses.

Philip Gregg

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This picture show a meeting in Africa.

Growing inequalities, the emergence of climate risk, technological revolutions and resurgence of protectionism: at a time when these 4 major breakups are disrupting the global private sector and foreshadowing a profound change in capitalism throughout the world, African economic leaders and the heads of major companies are slow to participate in the current movement of reflection on “capitalism and the common good”.

But Africa has another voice to be heard: on the continent, more than anywhere else, the private sector is showing that it is possible to “do business” and “do good” at the same time. Telecoms operators boosting financial inclusion, investors developing decentralized solar sites, agro-industrial companies focusing on local supply and processing: examples of “business for good” are gradually multiplying on the continent.

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The new edition of the largest meeting of African private sector

Faced with this crucial issue for the development of the continent, and after having gathered its participants around the impact of digital (AFRICA CEO FORUM 2018) and the best way to make a success of the Continental Free Trade Area (AFRICA CEO FORUM 2019), this new edition of the largest meeting of the African private sector will mobilize its 1,800 participants around the societal role of large companies.

“Convinced of the necessary, and possible, paradigm shift for large companies around the world, in a context where inequalities continue to grow, where imbalances remain strong and where environmental risk is increasing, MCB is proud to join forces with the AFRICA CEO FORUM to participate in creating a new dynamic for the common good. Indeed, corporate social and environmental responsibility is today a major issue for continental players who are increasingly evaluated on their actions in this area.  We also believe that it is a formidable source of opportunities for Africa’s development, requiring ever-increasing collaboration between public and private partners. It is this overall dynamic that we want to significantly boost,” commented Alain Law Min, CEO of MCB.

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During two days, the “AFRICA CEO FORUM 2020” will advance public-private dialogue by enabling business leaders and public sector representatives to exchange views on major sectoral challenges. In addition, it will promote, as it does every year, the completion of transactions that are important for regional and pan-African private sector growth and the development of the continent in general.

About the AFRICA CEO FORUM

Founded in 2012, the AFRICA CEO FORUM brings together every year decision-makers from Africa’s largest companies, international investors, heads of multinationals, heads of state, ministers and representatives of the main financial institutions active on the continent.

A place for high-level meetings, sharing experiences and deciphering trends affecting the business world, the AFRICA CEO FORUM is dedicated to proposing concrete and innovative solutions to move the continent and its companies forward. Through its Women in Business and Family Business initiatives, it also aims to increase the representation of women in decision-making positions on the continent and to accompany the transformation of African family businesses.

Organized by Jeune Afrique Media Group, the AFRICA CEO FORUM also offers the Women in Business Annual Leadership Meeting, dedicated to women leaders. Moreover, in 2019 launched the Africa CEO Network, a powerful and influential network of decision-makers in Africa that extends the experience of the AFRICA CEO FORUM throughout the year.

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(Featured image by  Product School via Unsplash)

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First published in africanews.fr, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Philip Gregg is a tech biz writer, with a keen understanding of blockchain technology, Internet of Things, and cloud services. He also serves as chief consultant for an IT business in Washington and a cryptowallet startup in Tokyo. Philip holds an MBA in finance and has previously worked at a Silicon Valley company before striking out on his own. He is a dad to three German Shepherds and owns a sweet vintage Mustang he fondly calls Sadie.