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Africa on Purpose: Unlocking the Continent's Potential

Updated: Oct 26, 2023

It’s been almost a month since we wrapped up our 6th Annual CEOs Summit, and the insights and discussions from this year’s event are still fresh. The impact of this year's event is undeniable, leaving us deeply immersed in contemplation and introspection. There was one particular session that captivated our attention, and we cannot wait to share it with you.

The “Africa on Purpose'' session, moderated expertly by CEO of Africa House Nima Elmi, featured some of the world’s most distinguished speakers, such as Dr. James Mwangi of Equity Group Holdings - East and Central Africa's largest bank. The "Africa on Purpose" session highlighted the profound changes underway across the continent. Our panellists, who are all world-class leaders in their fields, are making a difference by tackling systemic issues and leading the way towards a better future for Africa.

By 2035, Africa will have the world's largest labour force and the youngest population, which is expected to double to over 1.5 billion people. By 2030, Africa will have some of the world's largest consumer markets, with its middle class expected to grow by 100 million. The creativity and innovation of young people will assist the continent in addressing its long-term development challenges. However, fully realising Africa's limitless potential as a thriving market requires unrestricted access to exceptional education and viable economic opportunities for its youth - who are undeniably at the heart of the continent's development.

As East and Central Africa's largest bank, Equity Group Holdings recognizes Africa’s immense potential as a thriving market. Equity has strategically invested in critical sectors like infrastructure, agriculture, and manufacturing. The company developed a purpose-driven roadmap for Africa’s future - the Africa Recovery and Resilience Plan—that presents a holistic solution to build continental prosperity and equity.

Equity Group's plan comprises six interconnected pillars of programs and initiatives. These pillars span critical sectors like agriculture, manufacturing, trade, and more. They provide an integrated framework to enrich value chains, connect enterprises, and empower households. The comprehensive approach intends to unlock Africa's full potential as a thriving, sustainable market. By investing in critical sectors, Equity Group is charting a forward-looking growth trajectory for Africa. Its visionary plan exemplifies the systemic, purpose-driven thinking needed to realize the continent’s promise.

The "Africa on Purpose" discussion highlighted the tremendous progress underway. With visionary leadership like Equity Group, the future is bright for a more prosperous and equitable African continent.

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