Upgraded and Sustainable Value Chains for Europe & Africa
Digitalisation, skills and innovation are important enablers for future development both in Africa and in Europe, with many creative start-ups - and multinational companies - providing solutions for different emerging challenges. The two continents can already count on an intense economic partnership. 36% of Africa’s trade is with the EU.
The EU’s investment stocks represent 40% of FDI in Africa, and the continent receives on average around EUR 22 billion in EU Official Development (OECD 2018). However, with a population expected to double by 2050, from 1.2 billion to around 2.5 billion of predominantly young people, the African continent faces the challenge to ensure sustainable economic growth while fostering job creation. In this respect, there is untapped potential for private sector collaboration between EU and Africa to share knowledge and promote responsible investments in the digital economy.
Our Three Pillar Approach
1. CAPACITY BUILDING: Conducting needs-assessment of local and regional value chains and create practical improvement projects around it
We aim at providing dedicated technical assistance to businesses who want to take a new product to the market, pilot innovative technology, train suppliers or raise standards in the supply chain.
2. INVESTMENT: Investing in sustainable and responsible businesses
We aim at supporting businesses to find financing instruments for new innovative ventures and/or scale-up solutions to achieve the Sustainable Development Goals (SDGs)
3. HIGH-LEVEL STRATEGIC DIALOGUE: Creating high-level sectoral dialogue opportunities
We aim at high-level discussions focusing on the digital economy. This would help to achieve synergies and ensure better implementation of the sustainable development measures adopted by businesses in both EU and Africa.
While the European and African continents can already benefit from intense economic relations, innovation can be significantly enhanced through cross-sectoral collaboration - led by the private sector - both within and among the two continents. On this premise, CSR Europe is launching a Business-led Collaborative Platform: 'Upgraded and Sustainable Value Chains for Europe & Africa'.
Wednesday, October 16, 2019 - 10:30 to 16:00