Palais des Congrès Convention Center
Address: Boulevard Mohamed VI, Marrakech 40000, Morocco
Tuesday, July 19
2:00 PM - 7:00 PM
7:00 PM - 9:00 PM
Wednesday, July 20
Welcome Coffee and Tea
8:00 AM - 9:00 AM
8:00 AM - 4:30 PM
8:00 AM - 5:00 PM
Plenary: Opening Ceremony
9:00 AM - 9:50 AM
We welcome you all to the U.S.-Africa Business Summit 2022!
Scene Setter Plenary: Building Forward Together
10:00 AM - 11:15 AM
This plenary will provide a platform for senior U.S. and African private sector executives to discuss how the United States and African nations can build forward together around strategic sectors.
11:15 AM - 11:30 AM
High-Level Dialogue: Building a Sustainable Food Ecosystem
11:45 AM - 1:00 PM
By 2030, agribusiness will be worth more than $1 trillion in Africa. With the world's largest untapped arable land, water reserves and abundant human resources as assets, a closer alignment between the public and private sectors will contribute to the creation of a sustainable agribusiness ecosystem at the regional and continental level which integrates into the international supply chain to achieve economic diversification, job creation, food security and transform rural areas into centers of growth. This session will highlight policies empowering the private sector to contribute to the creation of a sustainable agribusiness ecosystem.
High-Level Dialogue: Building Africa's Capacity for Local Production of Medical Products
11:45 AM - 1:00 PM
With the COVID-19 pandemic insight, African leaders are increasingly aware of the importance of health security as a critical tool for securing the continent's development and calling for investments into vaccine manufacturing. There is now a consensus and a singular collective resolve among African governments, regional organizations, the private sector, and the international community to expand the production of medicines and vaccines for Africans in Africa based on health security and regional supply chain resilience.
Subsequently, Africa CDC launched the Partnerships for African Vaccine Manufacturing in April 2021, which has a long-term vision of building up the vaccine manufacturing capacity across the continent so that by 2040, 60% of all vaccines used on the continent are produced within African nations — with interim goals of 10% by 2025, and 30% by 2030.
This session will offer two very brief case studies to help ground the discussion of practical considerations for expanding vaccine and medicine production in Africa. Cooper Pharmacare will offer its insights from tailoring joint ventures and technology transfers to support local industrialization in several African countries. Aspen Pharmacare will offer its insights in partnering with JNJ to move from fill and finish to full manufacturing of COVID-19 vaccines for Africa. Topics to be covered in the discussion among participants include what it takes to get the demand dynamics of the market right, the importance of access to finance and the right regulatory environment, including setting up Good Manufacturing Principles, and what kind of skills transfer, and capacity building must be built in.
High-Level Dialogue: Narrowing Africa's Digital Divide in a Post-COVID World
11:45 AM - 1:00 PM
The COVID-19 pandemic highlighted just how critical access to digital services and infrastructure has become to Africa's economy, and not just in a time of crisis. Pre-COVID-19, there were significant concerns that Africa was on the wrong side of a global digital divide, whereby Africans had significantly less access to both the internet and broadband. While the pandemic induced more innovation in the ICT sector in Africa than any other region, bringing tens of millions of new customers online, the pandemic also impacted government budgets, and will make it harder to find the $10 billion or more a year needed to expand broadband and mobile networks to provide universal access. African governments have an opportunity to put in place the right conditions to ensure that ICT can help accelerate the post-COVID 19 economic recovery, while also creating the infrastructure necessary to take full advantage of the more integrated market under the African Continental Free Trade Agreement (AfCFTA). Seizing that opportunity will involve putting in place the right investment, services taxation and IPR legislation, data privacy and protection provisions, and getting the balance right on cross-border data flows, while also working with companies to attract additional investment to expand Africa's international cable access and broadband network and educating users to broaden the development of applications and the commercial market. U.S. companies have been at the forefront of several of these efforts, including through investments in cloud computing centers, towers, broadband, network equipment and a broad range of data processing and services software. This session will identify the most important areas of focus to support Africa's broader post-pandemic economic recovery, including policies and regulations, while building on innovations in health, energy, and consumer goods, among other sectors. It will also highlight the kinds of partnerships between the public and private sector that can narrow Africa's digital divide and increase Africa's productivity.
High-Level Dialogue: Building Infrastructure: Highway to Growth
11:45 AM - 1:00 PM
Despite the large investment into African infrastructure over the past two decades, the continent still suffers from poor quality and expensive infrastructure services compared to other parts of the world. It is estimated that this constrains productivity by up to 40 percent and reduces the continent's GDP by about 2 percent per year. With the imminent enforcement of the African Continental Free Trade Area - which will be the largest single market in the world for goods and services, as well as the free movement of investments and people—the urgency to increase infrastructure development on the continent is even more compelling. This session will focus on the public private partnership to better connect countries, regions and the continent and take full advantage of the economies of scale.
High-Level Dialogue: Building a Just Transition to Net Zero in Africa
11:45 AM - 1:00 PM
As some of the countries that will be most affected by climate change, African nations support international efforts to limit the rise of global temperatures and get to a 'net zero' emissions world. As much as they would like to rely solely on renewable power, countries in Africa do not have the installed infrastructure to do so, while also needing to provide electricity for the 600 million Africans that sill lack reliable access to national grids. Several African countries have also recently found rich deposits of natural gas that they would like to develop to support industrialization as well as electricity generation. Geopolitical conflicts have also provided a stark reminder of the importance of countries' putting in place solid energy security plans. Particularly as the world prepares for the next COP this year in Cairo, it is important to think through commercially sustainable approaches that both help Africa provide the development its citizens need and lay the groundwork for the energy industries of the net zero future. This builds on a commitment from parties at last year's COP in Glasgow to come up with a just transition, beginning with a pilot project in South Africa, that transitions away from coal and fossil fuels to a sustainable economy that leaves no one behind. This high-level dialogue will hear from Heads of State and senior company officials how they are thinking through these challenging issues, including adopting technologies and putting in place the right investment regimes to attract the billions in investment needed and doing so in a way that better integrates African countries into regional and global energy markets.
1:10 PM - 2:40 PM
Plenary: Financing Forward
2:50 PM - 3:50 PM
According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) into Africa grew by 147 percent to an estimated $97 billion in 2021 compared with $39 billion in 2020. In addition, in August 2021, the International Monetary Fund allocated $33 billion in Special Drawing Rights (SDRs) to the continent as part of a $650 billion disbursement. Despite the tightening of public purses, disruption of supply chains, commodities volatilities and environmental pressures, African nations were resilient and better positioned to renew with their growth trajectory. However, there is a strong correlation between the availability, diversity, and sustainability of financing and economic relaunch on the continent. This plenary will highlight financial tools and structures that will impact the real economy by tackling challenges such agribusiness, energy, health, infrastructure, trade facilitation, women, and youth entrepreneurship with the objective of generating shared growth.
4:10 PM - 4:30 PM
Panel: Innovation for Agriculture Transformation
4:10 PM - 5:10 PM
According to the World Economic Forum, by 2050, Africa's population would reach nearly 2.5 billion with its urban population tripling to reach 1.34 billion. This population growth alone will put unprecedented pressure on farmers, the land, and resources. Facilitating the adoption of agricultural innovations such as water management systems, drone and geospatial mapping technologies, smart equipment and on-demand services will empower farmers and enable them to tackle these challenges and increase their productivity while being better integrated to the global supply chain.
Panel: PPPs for Strengthening Health Systems and Accelerating UHC
4:10 PM - 5:10 PM
The COVID-19 pandemic has driven transformational collaboration between the public and private sectors in Africa. The development of the African Vaccine Acquisition Trust as a centralized purchasing agent on behalf of the African Union member states and the Africa Medical Supplies Platform are continental firsts. They show what is possible through strong trusted partnerships. These innovative collaborations can be applied to other challenges related to accelerating universal health coverage. For the longer term, there is opportunity for governments to form stronger partnerships with the private sector to address more systemic needs in strengthening health systems. As countries continue to address COVID-19 challenges and plan for universal health coverage, there is increasing awareness that health systems are national assets that work best when not limited to government action, but rather conceived as involving coordinated efforts of all public and private actors who have skills and resources to contribute to improved health for all.
Session will spotlight innovative strategic partnership and PPPs that contribute to UHC targets such as primary health care, increased government resources and financing models for affordable access, value-based care and workforce development. Speaker will highlight opportunities for private sector engagement and PPP's focused on UHC.
Panel: Leveraging Financing Options to Accelerate SDG Progress
4:10 PM - 5:10 PM
Despite the overwhelming consensus and commitment to achieve the Sustainable Development Goals (SDGs) by 2030, resource mobilization from both public and private sectors has been a challenge. According to the Brookings Institution sub-Saharan Africa will need $574 billion per year until 2030 to finance the SDGs with a financing gap totaling $256 billion per year. In the meantime, Official Development Assistant which has been the key source of most of public sector funding has been reducing. This session will focus on innovative financial tools public and private sectors can leverage, including debt, to reach the SDGs by 2030.
Kingdom of Morocco Sponsored Gala
7:00 PM - 9:00 PM
Thursday, July 21
8:00 AM - 9:00 AM
8:00 AM - 4:00 PM
8:00 AM - 4:30 PM
Plenary: Integrating Payment Systems: Growth Accelerator
9:30 AM - 10:30 AM
Over the last decade, Africa's payment system market has experienced an unprecedented growth and created an ecosystem with over 200 mobile money wallets, 100 banks and more than a dozen telecom companies across the continent are thriving though with limited growth prospect due to the lack of interoperability within and outside of their markets.
This challenge which is due to policies and lack of adequate technologies are stifling trade within and across borders, SMEs growth, technology development and ultimately more than $290 billion in revenue from stronger trade facilitation according to the World Bank Group. This session will discuss how to over this challenge by better integrating Africa's payment systems without cutting it from the rest of the world.
Panel: SMEs: Fueling the Recovery and Economic Growth
10:40 AM - 11:40 AM
Small and Medium Enterprises (SMEs) are the bedrocks of economies, contribute innovation, job creation and global economic growth. According to the World Bank, SMEs represent about 90% of businesses and more than 50% of employment worldwide. They are also very sensitive to shocks and have suffered the most during the pandemic. As economies around the globe and especially in Africa are relaunching, it is paramount to pay a particular attention to this important but often neglected actor of the economy. This session will discuss policies, capacity building, market access, technologies and financial tools being deployed by governments, institutions, and private sector entities to empower African SME to thrive and fuel the economic recovery.
Panel: Leveraging African Regulatory System Innovations to Strengthen the Health Sector
10:40 AM - 11:40 AM
The complex web of regulatory processes that have been across the African continent is gradually being converged by multiple efforts, including harmonizing regulatory processes regionally and continentally. With the recent pandemic, we have seen some innovations leading to the expedited approval of health products for use, leading to increased access to needed health products. The African Medicines Agency (AMA) promises greater harmonization of markets in the continent. Together with AMA, there is still room to collaborate more with the private sector in innovations, including those that drive efficient utilization of resources by avoiding duplication of work and providing opportunities to strengthen the regulatory efforts in the continent. This session will explore topics including private sector engagement in, strengthening regulatory continental initiatives, regulatory harmonization and collaboration, regulatory capabilities and capacity building and shaping the regulatory environment for modernization (digitization etc.)
Panel: Accelerating Technology Adoption: Closing the Infrastructure Gap
10:40 AM - 11:40 AM
According to the World Economic Forum, the Fourth Industrial Revolution refers to a set of highly disruptive technologies, such as artificial intelligence (AI), robotics, blockchain and 3D printing, that are transforming social, economic, and political systems. This session will focus on how technology can fast-track infrastructure development in Africa and help reduce the African Development Bank estimated $100 billion a year gap.
Panel: Africa: The New Aerospace Frontier
10:40 AM - 11:40 AM
Despite current challenges due to the Covid-19 pandemic, the African aerospace sector presents diverse opportunities including supply inputs, finished aircraft, maintenance, and airport infrastructure. Morocco alone has over 140 aerospace companies represented in the country which provide high level technical jobs and create a dynamic ecosystem.
Several African countries are also developing and implementing similar policies and strategies to take advantage of the increased interest in the African aerospace sector. This session will showcase best practices and discuss better integration and upward movement within the African aerospace supply chains at the regional and continental levels.
11:40 AM - 11:55 AM
Panel: Streaming: New Frontiers in Bringing African Stories to the World
12:00 PM - 1:00 PM
For the first time, the growth of international streaming services in Africa is bringing African stories to a global audience. This panel of industry insiders will explore new opportunities in investment, co-production, partnership, and distribution of content from across Africa. Panelists will offer insights into how groundbreaking partnerships and investments between Africa and the U.S are transforming the film and content landscape throughout the continent and beyond.
Panel: From Mining to Manufacturing: Africa in the Driver's Seat
12:00 PM - 1:00 PM
As the demand for wind and solar energy and for electric vehicles has skyrocketed, supplies have been constrained by a concentration of processing facilities in China. COVID-19 related disruptions to global shipping and extended delays have underscored the importance of both more critical minerals supply coming to world markets and the need for more processing facilities. African countries are interested in leveraging their mineral resources to support post-COVID economic recovery, as well as to lay the groundwork for joining emerging global renewable energy supply chains, including increasing processing and consumption in Africa. Several countries in Africa have introduced important changes to their mining charters and other regulations designed to attract much needed private sector investment. This session will hear from government and industry leaders what the shape of the African mining sector will look like in the coming years, and how companies and countries can collaborate to make Africa a meaningful part of the emerging net zero economy global energy supply chain.
Panel: Prosper Africa's Role in Building Back a Better World
12:00 PM - 1:15 PM
The Prosper Africa initiative was launched at the US-Africa Business Summit in June 2019. Since then, the U.S. Government has helped close 800 trade and investment deals across 45 African countries for an estimated total value of $50 billion. As the world has grappled with the global COVID-29 pandemic, the U.S. Government has adapted and expanded its trade and investment tools, launching Prosper Africa 2.0 at the CCA summit in 2021. This session will bring together high-level officials from across the U.S. Government to showcase the new tools in the Prosper Africa toolkit and share information about new U.S. Government priorities and programs, including new programs to promote investments in the health and ICT sectors. It affords companies a unique opportunity to not just hear the latest on trade and investment promotion from senior U.S. Government officials, but also convey suggestions and get questions answered. It will also preview some of the initiatives on the trade and investment front that the U.S. will seek to highlight in the African Leaders Summit, which will be held later in the year.
1:15 PM - 2:45 PM
Panel: Scaling ICT Innovation to Accelerate African Growth
3:00 PM - 4:00 PM
The challenges of coping with the COVID-19 pandemic have spurred a broad range of innovations across sectors to make better use of existing ICT tools to fill in critical gaps. Millions of African consumers shopped for essentials on-line for the first time, while hundreds of thousands of companies set up their first web presence. Financial companies significantly expanded their payment services, while education and health care services found new ways to serve clients online. The net impact has been to significantly expand the scope of e-commerce in Africa in ways that will reshape the development of commercial markets. It has also created the potential to deliver better quality products and services, often at lower costs, while also accelerating payments and increasing transparency. The challenge now is how to build on these successes, and help companies scale up their solutions. As they do, inevitably, the question of how to harmonize standards and regulations will also need to be considered. This panel will bring together some of the most innovative companies from several sectors to discuss the innovations they have brought to market and suggest ways these can be scaled up to accelerate growth and job creation.
Panel: Cybersecurity: Securing Africa's Economic Relaunch
3:00 PM - 4:00 PM
The pandemic forced both African public and private sectors operate more in the digital world which opened them to new and different challenges and opportunities. It became clear that cybersecurity will have a strong impact on digital transformation in Africa like in the rest of the world. Studies estimate that cybercrime is already costing African economies over $3 billion each year. For example, the South African Banking Risk Information Center (SABIC) estimated that South Africa loses $157 million annually to cyberattacks. This panel will explore the nature of the risk, how it's being tackled, business opportunities and best practices to address this global challenge in the African context.
Panel: Building Sustainable Manufacturing Ecosystems
3:00 PM - 4:10 PM
In accordance with the African Union's vision 2063 and drawing from lessons learned from the pandemic, African governments are retooling their industrialization strategies to meet the basic needs of growing populations, create jobs and wealth. The launch of the African Continental Free Trade Agreement (AfCFTA) will boost African manufacturing and facilitate the development of sustainable manufacturing ecosystems.
Panelists will share best practices from within and outside the continent, as well as fundamental shifts policymakers and investors need to make to develop inclusive and sustainable manufacturing in Africa.
Plenary: Investing in Women and Youth: Sustainable Growth
4:10 PM - 5:10 PM
Over the next three decades, African countries will account for two-thirds of the world's population increase. While this significant population growth offers tremendous opportunities, it also presents significant potential to exacerbate a broad range of existing challenges. To confront these challenges, Africa's government and business leaders must innovate to create many new jobs, include more people in the formal economy, and boost economic growth across various sectors and regions. Research has shown that one of the most effective means to accomplish this is empowering women and youth to become more economically active. Over the last few years, public sentiment has changed from viewing women and youth as a niche section of the workforce that should be protected, to understanding women and youth are in fact engines of economic growth. Loan repayment rates by women-owned businesses exceed 90 percent, while the loan repayment rate by men-owned businesses hover around 30 percent. Women are also generally more active in sectors with the greatest potential to increase productivity through capturing greater value-added services and products. This panel will outline current challenges women and youth face in a variety of sectors and explore innovative, replicable programs.
Friday, July 22, 2022
8:30 AM - 9:30 AM
8:30 AM - 12:00 PM
Plenary: Health Supply Chains in Africa
9:30 AM - 10:30 AM
Over the last three years, Africa has faced a series of issues in getting access to sufficient quantities of the equipment, medicines and vaccines it needed to combat the COVID-19 pandemic. Particularly at the start of the pandemic, African countries were often told that the problem came from disruption in global supply chains. Companies and governments around the world have come a long way since the start of the pandemic, and there is broad consensus that getting supply chains right is critical to the current stage of the fight against COVID-19, as well as to strengthening health systems in general. In the short-term through 2022 and into 2023, this will focus on the needs of COVID-19 vaccines (e.g. refrigeration), while also ensuring pre-existing distribution networks remain effective. This is an opportunity for African countries to re-imagine how supply chains work, getting to a more patient-centric approach that works across the health sector. There is also an opportunity to build greater trust between governments and the private sector that would allow them to better understand each other's needs, and to leverage their strengths to produce a more efficient, effective health system.
Africa got a number of things right in its response to the COVID-19 pandemic, including establishing platforms (the African Medicines Supply Platform and the African Vaccine Acquisition Task Team) that leveraged the buying power of the continent's 1.3 billion people and made it easier for companies to collaborate with governments by sharing information in real time and resolving specific issues quickly. It makes sense to facilitate similar private sector collaboration on supply chains, while also highlighting issues both sides can address to help Africa be more self-sufficient in vaccine, medicine, and equipment manufacturing. This session will bring together key players from the African Union, regulators, national level governments and private sector experts to talk through not just the current state of supply chain issues, but also suggest ways to make Africa's health systems more self-sufficient and resilient.
10:35 AM - 10:55 AM
Panel: Greater Integration in the African Automotive Industry
11:00 AM - 12:00 PM
African automotive production represents less than 1% of global vehicle output. Production is minimal outside South Africa and Morocco with most African countries dependent on imports of manly used cars from Europe, Japan, and the U.S. There is increasing interest in several African countries to develop their automotive sectors including electric vehicles for local, regional consumption and export outside the continent. This session will discuss how the automotive sector can be better integrated regionally and at a continental level for African economies to be connected to the value chains, transfer skills, generate increase revenues and create jobs.
Panel: Institutional Investors: Strategic Partnership
11:00 AM - 12:10 PM
U.S. institutional investors navigated the Covid pandemic with a double-digit growth in assets under management (AuM) to end 2020 with $45 trillion. US investors account for 90% of North America and 44% of global AuM. To date, African countries and Multilateral Development Banks have struggled to mobilize US capital. This panel will convene U.S. and African institutional investors, fund managers and stakeholders to discuss investment challenges and opportunities in Africa. Panelists will discuss if current global health and geopolitical events present new opportunities for US institutional investors to reevaluate emerging market allocations. Our panelist will explore investable opportunities, vehicles, and partnerships necessary to increase US investment allocations in Africa. The session will also focus on strategies for establishing relationships between U.S. investors, assets managers, and stakeholders to develop innovative capital market solutions. Lastly, our panelist will discuss new technologies that facilitates the aggregation of assets in Africa which leads to African institutional investor AuM growth.
Closing Plenary: Future of U.S.-Africa Trade and Investment Relations
12:15 PM - 1:15 PM
Africa is becoming an increasingly important trade and investment partner as its young population is set to double by 2050 to 2.5 billion people. Africa has improved its competitiveness and integration into global supply chains through improving national-level trade and investment climates. African countries are also negotiating the African Continental Free Trade Agreement (AfCFTA), which will put in place the largest free trade area since the formation of the World Trade Organization and better enable Africa to leverage the power of its growing market. All these welcome developments raise the question what policies the United States should pursue to promote greater trade and investment ties with Africa. Since 2000, America's primary economic policy tool has been the African Growth and Opportunity Act (AGOA), which offers qualified African countries duty-free access to the U.S. market for many goods. As AGOA approaches its current expiry date of 2025, this is an important moment to ask what policies the U.S. should adopt, particularly as the U.S. looks to support Africa's efforts to recover the COVID-19 pandemic. The U.S. has opened Free Trade Negotiations with Kenya, while supporting the broader AfCFTA effort.
This session will offer important perspectives on the future direction of U.S. trade and investment relations with Africa, as well as on what Africa is looking for from the U.S. Companies and governments will offer their perspectives on what policies and approaches would have the greatest impact in sustainably deepening trade and investment ties.
1:15 PM - 2:15 PM
Be sure to check back often for updates to the program.