Daily Archives: May 2, 2018

YPO Innovation Week Unites Global Innovators for Africa Ignite Event

Signature Event in Kenya Will Feature Cutting-Edge Insights from a Selection of Africa’s Most Innovative Thought and Business Leaders

JOHANNESBURG, South Africa, May 02, 2018 (GLOBE NEWSWIRE) — As part of its third annual YPO Innovation Week, YPO will host Africa Ignite in Nairobi, Kenya, convening more than 140 senior executives to discuss and brainstorm how technology is transforming business operations in Africa and around the world.

YPO Innovation Week is a series of more than 50 events conducted in over 30 countries throughout the world from 7-11 May 2018, featuring dynamic global innovators who will come together to share best-in-class business strategies as well as timely and relevant insights that are fueling innovation and shaping the future of global business over the next decade.

Through lectures, workshops and site visits, Africa Ignite will focus on the opportunities and challenges of doing business in Africa, while highlighting Africa’s spirit of innovation.

“Africa is a hotbed of innovation, as will be showcased throughout Africa Ignite 2018,” says YPO Africa Ignite Co-Champion Dhruv Pandit, CEO of Fedha Group. “YPO members from across Africa will share experiences with each other and learn from truly innovative businesses that are already disrupting the African landscape in a positive way.”

Featured speakers include:

  • Craig Wing, Partner of FutureWorld International
  • Rob Burnet, a two-time Emmy Award winning producer and founder and CEO of Well Told Story
  • Eric Hersman, Founder and CEO of BRCK and Founder of iHUB
  • Vishal Agarwal, Chairman and Chief Executive of Full Circle Africa and YPO member
  • Jon Foster-Pedley, Dean of the Henley Business School

Co-Champion Chirag Sanghrajka, Managing Director of Cape Holdings Ltd., adds, “The event sold out in record time, and we look forward to welcoming over 140 top CEOs from across Africa and beyond.”

YPO Innovation Week is a global event during which the world’s most innovative companies share their inspiration and insights. YPO Innovation Week is designed for YPO leaders who are responsible for vision, strategy, information and technology who are charged with driving innovation — across industries and sectors.

Through signature Innovation Week events, live two-way interactive video casts and livestream events, business leaders will learn how to keep pace with innovation trends on a global scale, innovate and disrupt industry practices, nurture and develop value-creating ideas across organizations and positively impact communities, industries and the world.

Additional Innovation Week signature events will be held between 7-11 May 2018 in major cities including Sydney, Australia; London, England; New York, New York, USA; Santa Domingo, Dominican Republic; and Silicon Valley, California, USA.

For more information, visit the YPO Innovation Week website.


The premier leadership organization of chief executives in the world.

YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ 16 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit YPO.org.

Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298

Militants Attack Libyan Election Commission, 12 Killed

Libyan officials say an attack on the country’s electoral commission in the capital Tripoli has killed at least 12 people.

At least one of the attackers blew himself up inside while other militants stormed the building.

Islamic State has claimed responsibility for the attack.

“[It] is a clear manifestation of everything that is wrong with the current shortsighted narrative of fake security and ‘progress,”’ said Hanan Salah of Human Rights Watch in a post on social media. Her group has underlined how elections will be difficult while Libya remains dominated by a patchwork of armed groups who continue extra-judicial killings, property confiscation, forced disappearances, arbitrary detention and torture.

Libya has been in chaos since longtime dictator Moammar Gadhafi was toppled and killed in 2011. The country is now split between rival governments, each backed by an array of militias. An internationally recognized administration has been set up in the western capital of Tripoli.

The uncertainty in Libya has opened the door to terror groups such as IS to set up camps.

Source: Voice of America

Young Nigerians Say It Is Their Turn to Lead

On a Saturday afternoon, a few dozen people gathered in a hotel in Kafanchan, a town in Nigeria’s Kaduna state.

Something unprecedented was happening there: A 28-year-old woman named Ndi Kato was declaring her intent to represent her community at state parliament.

I came to run for an election. I came to win an election, Kato told the crowd, responding to a question about the seriousness of her political campaign. The crowd responded with boisterous applause.

Kato has been active in community projects, humanitarian work, youth and women empowerment, and she hopes she’s built enough clout to give her a win in this year’s primaries.

But there’s a problem.

She’s too young. Candidates vying for state parliaments in Nigeria have to be at least 30.

Kato is part of a new generation of Nigerian activists under the banner “Not Too Young To Run,” striving to take their place in the halls of power.

I’m part of a group of young troublemakers that are creating change in the nation as we speak, Kato told VOA.

Recent university graduate Ehi Enabulele said she was captivated by Kato’s interview on a local TV channel.

The way she was talking, and how passionate she was, and what she was saying she just resonated with me as a person, Enabulele told VOA. Ndi represents an idea that young people are not burdened by their age. It’s an advantage, if you ask me.

A few days ago, Enabulele packed her bags and left the commercial hub of Lagos to volunteer in Kato’s political campaign.

It’s this recent wave of youthful enthusiasm that is driving Nigeria’s largest social movement to engage young people in politics.

More than 180 million people live in Nigeria, and more than half of them are below the age of 30. Yet, they are barely represented in political offices.

‘Politically malnourished’

The Not Too Young To Run campaign has generated thousands of impressions on social media with its hashtag. Street demonstrations attended by prominent activists have given the movement the push it needed to gain widespread acceptance, though it was initially viewed with suspicion among elected officials.

They felt threatened that young people would take over their seats, particularly parliamentarians, said 28-year-old Hamzat Lawal, one of the founders of Not Too Young To Run.

My generation has been malnourished politically. Over the years, we’ve been promised a lot but nothing has been given, so our generation is a generation of broken promises. And I felt that is our responsibility as activists and campaigners to bring that voice to the front burner.

The campaign was able to gain parliament passage of a bill to reduce the age qualification for president from 40 years to 30, governor from 35 to 30, senator from 35 to 30, and House of Representative member from 30 to 25 years.

Having been passed by federal lawmakers and 35 out of Nigeria’s 36 states, the bill sponsored by the Honorable Tony Nwulu in the Nigerian parliament’s lower house is now waiting to be sent to Nigerian President Muhammadu Buhari.

I’m very confident that Mr. President will assent to the bill,” Nwulu, one of the bill’s sponsors, told VOA. “One, it addresses the injustice against the young people. Two, it reinforces or reemphasizes his commitment or his belief in the youth of this country. Thirdly, it is nothing but a compensation also for the young people who trooped out to support him in 2015.

Backlash against Buhari

But many Nigerians are questioning Buhari’s commitment to empower youth. Speaking at a business forum in London earlier this month, Buhari said that a lot of Nigerians below the age of 30 have not been to school and are claiming that Nigeria is an oil producing country, therefore, they should sit and do nothing, and get housing, health care, education, free.

The comment spurred backlash and the #NigeriansAreNotLazy hashtag was generated a few weeks ago in response to Buhari’s comments and has been heavily used on Twitter. The 75-year-old president announced his bid for a second term, but he is losing support among the young.

Hamza Haruna was among the millions of young people who campaigned for Buhari in 2015 but said Buhari would not get his vote in 2019.

Actually, he’s not encouraging the youth. Even if a lot of the youth did not go to school, what has the presidency done with regards to the education of the youth? Haruna, a student leader at a university in northern Nigeria, said.

Nigeria has the largest number of school-aged children out of school at least 10 million, according to UNICEF.

He has failed in his fight against corruption. He has failed in regards to security. And he has failed the youth, former Buhari-supporter and political analyst Murtala Abubakar told VOA.

Buhari has been accused of not fulfilling his promise to pay a monthly stipend to unemployed university graduates. The administration adamantly claims that Buhari never made such a promise.

Poverty is increasing across Nigeria, and many blame Buhari for the country’s economic woes. Kato believes she can help solve some of these problems.

If the president does not sign this bill, everything we are building, everything everybody is leaning on right now, is going to go to flames, she said.

Movement spreading

What began in Nigeria is now spreading. Other African countries – namely Zimbabwe, Gambia and Kenya – are looking at their own age requirements for political offices. The Office of the U.N. Secretary-General’s Envoy on Youth, in partnership with the European Youth Forum, UNDP, and other organizations, initiated the global campaign, crediting Nigeria.

Lawal said he plans to re-visit the matter to advocate reducing the age requirement further to 18 years across the board.

If you can vote at 18, then you should also be allowed to contest for the highest office in the land at 18, he said.

Source: Voice of America

Treasury hosts media workshop on Twin Peaks, 7 May

Twin Peaks media workshop

The National Treasury will host a media workshop on Twin Peaks. The workshop is aimed at assisting journalists understand what Twin Peaks are all about, and also give more information that will assist journalists when writing stories on the new financial regulatory framework.

The workshop will also assist journalists to understand why, under the Twin Peaks regulations, South Africa now has the Financial Sector Conduct Authority (formerly called the Financial Services Board) and the Prudential Authority (located within the Reserve Bank). Officials from the National Treasury, the FSCA and the Prudential Authority will present at the workshop, followed by a question and answer session.

Source: Government of South Africa

President Ramaphosa to address the Japan-Africa Public-Private Economic Forum

President Cyril Ramaphosa will tomorrow, Thursday, 3 May 2018, deliver the keynote address at the Japan-Africa Public Private Economic Forum at the Sandton Convention Centre, Johannesburg.

The Japan-Africa Public Private Economic Forum, hosted by South Africa, is organised by the government of Japan and the Japan External Trade Organization (JETRO) and is scheduled to take place from the 3rd to the 4th May 2018.

The Forum, to be attended by business executives and representatives of government from African countries and Japan, is held in Africa with a view to accelerate the promotion of private sector-led economic growth by encouraging networking among African and Japanese companies.

Furthermore, the Forum seeks to assist strengthen investment between Japan and Africa within the public and private sectors. The South African government is committed to initiate measures towards economic recovery and creating employment opportunities.

Source: The Presidency Republic of South Africa