Éric N’guessan-Managing Partner-EY Côte d’Ivoire

Green by design: Innovative practices are seen as key to lowering emissions

Amid efforts to reduce the carbon footprint associated with the construction industry, there is increasing recognition of the benefits of sustainable and regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the UN Environment Programme (UNEP), the sector is one of the world’s biggest polluters and accounts for close to 40% of global energy-related greenhouse gas emissions. In light of this, a greater emphasis has been placed on sustainable architecture in recent years. Although definitions vary somewhat, sustainable architecture is generally considered to be architecture that seeks to minimise the negative environmental impact

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Pham Hong Hai-CEO-HSBC Vietnam

Sustainable solutions: Encouraging investment in eco-friendly construction

Green bonds are becoming an increasingly popular form of financing worldwide as companies strive to improve their environmental, social and governance practices. Green bonds, or climate bonds, refer to a fixed-income instrument provided for climate-related or environmental projects. Institutions such as the World Bank and the European Investment Bank often issue green bonds to encourage companies to improve their environmental approach to new construction. Between 2007 and 2020 the global green bond market achieved $1trn in the cumulative issuance of the bonds. However, fewer than 1% of these were issued in Africa between 2007 and 2018, with South Africa, Morocco and Nigeria accounting for the

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President Alassane Dramane Ouattara

Window of opportunity: A boost in public funding and foreign direct investment is opening doors for numerous infrastructure projects

The government unveiled the National Development Plan (Plan National de Développement, PND) 2021-25 to improve infrastructure development and support the expansion of the construction sector. This agenda is also expected to attract more public and private investment, and boost exports. Attracting Foreign Investment The swift response by the government and financial support from the IMF alleviated the burden of the Covid-19 pandemic, making Côte d’Ivoire one of the few African countries to see economic growth in 2020. In its April 2022 World Economic Outlook, the IMF

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Daniel Asare-Kyei-CEO-Esoko; Curtis Vanderpuije-CEO-ExpressPay; and Daniel Marfo-General Manager-Zipline Ghana

Shift in focus: New trends in ports and shipping lead to an increasingly price- conscious and competitive regional market

According to the US International Trade Commission, in the decade to 2018 container trade in West Africa grew more than in any other region around the world, doubling over the period to more than 5m twenty-foot equivalent units (TEUs). Côte d’Ivoire has seen its share of this boom, with the number of container ships calling at the country rising from 485 in 2018 to 504 in 2020. New Facilities Given the trend towards containers, the two main ports – the Autonomous Port of Abidjan (Port

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Éric N’guessan-Managing Partner-EY Côte d’Ivoire

Bouncing back: The government is eyeing recovery from the Covid-19 pandemic using a long-term, multi-pronged strategy

Promoting domestic tourism was identified as a key area of potential growth for Côte d’Ivoire’s tourism sector when the government first launched Sublime Côte d’Ivoire in 2018 and has since become an even more pressing priority. Travel restrictions imposed due to the Covid-19 pandemic have kept international visitors away. Hotel room occupancy at iconic tourist resorts averages less than 40%, and the government is hoping that local tourists can fill this gap. Long-term projects include national parks, resorts, hotels and a national airline targeted at

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Sheikh Ahmad Duaij Jaber Al Sabah-Chairman-Commercial Bank of Kuwait

Greener destinations: The global tourism industry looks to adopt sustainable practices as part of its post-pandemic recovery strategy

The global tourism industry faces numerous challenges when it comes to decarbonisation, as highlighted by a November 2021 report from the World Travel & Tourism Council (WTTC), in collaboration with the UN Environment Programme and multinational consulting firm Accenture. In the years prior to the pandemic the sector thrived, recording its 10th consecutive year of growth in 2019. Moreover, with 1.5bn international tourist arrivals worldwide, it contributed more than 10% of global GDP and accounted for around one in 10 jobs. However, the industry was

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Pham Hong Hai-CEO-HSBC Vietnam

Common knowledge: The importance of matching skills to labour market needs

In December 2021 the government of Côte d’Ivoire adopted a bill outlining a comprehensive reform package for the technical and vocational education and training (TVET) industry. If approved by the Parliament and implemented, the bill would usher in widespread changes to the country’s existing TVET governance and financing structures, as well as establish new training and evaluation mechanisms to boost the quality of instruction and improve learning outcomes. Importantly, these educational reforms seek to align TVET curricula with the needs of the labour market, which should both help to curb high youth unemployment, and assist employers in recruiting and retaining national talent to fill ICT

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George Richani-CEO-Al Ahli Bank of Kuwait

Plastic bubble: Solutions to address the environmental and health risks of plastic

With many emerging markets still facing high levels of plastic waste two years into the Covid-19 pandemic, solutions are being developed to address its environmental and health challenges. Plastic – which accounted for 12% of global solid waste pre-pandemic, according to the World Bank – took on a more prominent role as personal protective equipment (PPE) and single-use plastics by delivery food services proliferated. Although the OECD found that overall plastic use fell by 2.2% in 2020 due to lockdowns, the increased use of PPE and single-use plastics exacerbated plastic littering. Pandemic-level production of PPE and single-use plastics has continued in some spheres: China’s recent

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Daniel Asare-Kyei-CEO-Esoko; Curtis Vanderpuije-CEO-ExpressPay; and Daniel Marfo-General Manager-Zipline Ghana

Standard of care: Latest health development plan lays out an ambitious agenda

Since the implementation of the first five-year National Health Development Plan (Plan National de Dé veloppement Sanitaire, PNDS) in 2011, the government has focused on bringing health care infrastructure up to international standards. During the first two iterations of the PNDS, covering the period 2011-20, the state built 10 general hospitals, and rehabilitated 22 regional hospitals, 78 general hospitals and 233 health clinics. Despite the Covid-19 pandemic, the construction of primary and secondary care facilities forged ahead in 2020, with 706 public and private hospitals and clinics built that year. Significant headway has also been made to plug staff shortages. Between 2016 and 2020 the

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Chaim Zach-Managing Director and CEO-Agric International Technology and Trade; Kabiru Rabiu-Group Executive Director-BUA Group; and Aliyu Abbati Abdulhameed-Managing Director

The metaverse in education: Building a digital landscape in institutes of higher learning

In a bid to expand access, education is increasingly exploring the possibilities of the metaverse and extended-reality (XR) approaches. The former comprises a range of technologies which immerse users in a virtual environment. It denotes a 3D medium that combines virtual reality (VR) and augmented reality (AR) into a new digital realm, sometimes known as XR. These environments are accessed through VR headsets and are typically immersive, interactive and social. Expanding Access The world’s leading tech companies are investing heavily in XR. In 2021 Facebook rebranded as Meta, indicating how important it believes XR will become. Indeed, following the massive shift to online learning during

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