UN Global Compact launches Africa Business Leaders Coalition to advance climate action and sustainable growth across the continent

The Africa Company Leaders Coalition provides collectively CEOs from throughout the continent to advance Africa’s sustainable development, prosperity and growth

New York, U.S.A., May possibly 31, 2022 (World NEWSWIRE) — Convened by the UN World-wide Compact, Main Government Officers from throughout Africa now introduced the start of the Africa Business enterprise Leaders Coalition (ABLC).

The Coalition will present a platform for African company leaders to have a unified non-public sector voice as they actively and meaningfully have interaction to get the job done on the continent’s most pressing issues as a result of an arranged, ahead-seeking, concepts-based strategy.

The Africa Small business Leaders Coalition is a CEO-led initiative emanating from the UN International Compact Africa Technique 2021–2023, and is dedicated to advancing sustainable progress, prosperity and growth in Africa by bringing measurable effect to its most pressing concerns. The ABLC will get the job done carefully with the UN World wide Compact Hub in Abuja and 10 World-wide Compact Regional Networks running across Africa.

In advance of COP27 to be held in Egypt in November 2022, the ABLC will target its initiatives on sustainable enhancement and formidable local weather motion by bringing the views of dozens of leading African CEOs and Board Chairs into the international dialogue. This will culminate in an ABLC Local weather Statement in assistance of COP27, anchored in the objectives of the Paris Arrangement, the Sustainable Progress Goals and the UN Global Compact 10 Principles. ABLC users will be invited to signal on and announce credible commitments and steps by way of this Climate Statement.

Welcoming the founding users of the Africa Business enterprise Leaders Coalition, UN Deputy Secretary-Normal Amina Mohammed urged them to use their affect to push alter across the continent.  “This is  an option to build a holistic dialogue to reconcile the enhancement demands of the continent with the need for bold local weather action, jumpstart the renewable electricity changeover, and create resilience throughout the continent,” she said.

Launching the ABLC, Assistant Secretary-Normal and CEO of the UN World wide Compact Sanda Ojiambo mentioned: “Climate change offers a $3 trillion investment decision prospect in Africa by 2030. But this possible will not be recognized unless of course the private sector is associated. This Coalition has a vital role to engage in in making sure the voice of Africa’s private sector is listened to on the world stage to make certain the continent’s expansion is not only sustainable but also inexperienced.”

The 11 founding customers of ABLC consist of Herbert Wigwe, CEO, Access Bank, Nigeria Brahim Benjelloun Touimi, Chairman, Financial institution of Africa, Morocco Hichem Elloumi, Chairman and CEO, COFICAB Attempt Masiyiwa, Founder and Executive Chairman, Econet Wi-fi, Zimbabwe James Mwangi, CEO and Taking care of Director, Equity Team, Kenya Karim Bernoussi, CEO, Intelcia Group, Morocco Phuthi​ Mahanyele-Dabengwa, CEO, Naspers, South Africa Yasmine Mohamed Farid Khamis, CEO and Chairman, Oriental Weavers Carpets Co., Egypt Peter Ndegwa, CEO, Safaricom, Kenya Fleetwood Grobler, President and CEO, Sasol, South Africa and Amir Barsoum, Founder and CEO, Vezeeta, Egypt.

Associates of the ABLC commit to upholding the Ten Rules of the UN World wide Compact and becoming a UN International Compact participant in just 6 months of becoming a member of.

In the course of today’s  start, the founding associates shared their dedication to sustainability across the continent, concentrating on likely firm commitments, the sustainability attempts they are generating throughout their communities, a shift in direction of extra progressive and sturdy procedures of climate finance, and a get in touch with to motion for the worldwide neighborhood.

The virtual start event was also attended by leaders from the United Nations, which include Abdulla Shahid, President of the United Nations Basic Assembly Collen Vixen Kelapile, President, United Nations Financial and Social Council Amina Mohammed, Deputy Secretary-Typical, United Nations Cristina Duarte, Below Secretary-Typical and Specific Adviser on Africa to the UN Secretary-Standard and Sanda Ojiambo, Assistant Secretary-General and CEO of the UN Worldwide Compact. They  joined together today to launch the ABLC with Dr. Mahmoud Mohieldin, UN Weather Transform High-amount Climate Winner for Egypt.

Boston Consulting Group is offering approach and implementation support to the UN Worldwide Compact for the Africa Business Leaders Coalition.  Today’s inaugural  assembly was Chaired by Sanda Ojiambo with help from Patrick Dupoux, Controlling Director, Senior Associate, and Head of Africa, BCG.

Today’s  start will be followed by 6 regional roundtable conferences in Abidjan, Cairo, Casablanca, Johannesburg, Lagos and Nairobi in June and July to examine, shape and mobilize principled and sustainable small business in Africa.

About the United Nations Worldwide Compact

As a special initiative of the UN Secretary-Normal, the United Nations International Compact is a get in touch with to corporations in all places to align their operations and methods with Ten Concepts in the areas of human legal rights, labour, setting and anti-corruption. Our ambition is to accelerate and scale the worldwide collective impression of organization by upholding the Ten Principles and providing the Sustainable Improvement Objectives as a result of accountable organizations and ecosystems that empower adjust. With a lot more than 15,000 organizations and 3,000 non-business signatories based in more than 160 countries, and 69 Neighborhood Networks, the UN Global Compact is the world’s major corporate sustainability initiative — one Global Compact uniting small business for a far better planet.

For a lot more information and facts, comply with @globalcompact on social media and stop by our internet site at unglobalcompact.org and Africa Enterprise Leaders Coalition | UN Global Compact

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Make contact with: Dan Thomas United Nations World-wide Compact (212) 907-1301 [email protected]