AfroChampions Initiative partners with Africa STEM Alliance

Africa STEM Alliance (ASA) launched at WEF 2018 to boost African industrialization and development

Mauritius President Mrs Gurib-Fakim calls for increased investment in science and technology to shape a new future for Africa

Davos, January 25, 2018 – Her Excellency Mrs. Ameenah Gurib-Fakim, President of the Republic of Mauritius, has just announced the creation of the Africa STEM Alliance (ASA), on the occasion of the annual Hinduja Group lunch organized at the World Economic Forum in Davos. Launched with the support of the AfroChampions Initiative, this project aims to strengthen African knowledge and skills in science, technology, engineering and mathematics, to create a stronger ecosystem of tech and industrial players capable of accelerating Africa’s development.

The ASA will be structured around three pillars. The first priority is to work with partners to develop more scientific and engineering talent. The deepening and growth of Africa’s STEM industry, supported by effective R&D public-private partnerships,  is the second focus; on that front, the objective is to offer African young people opportunities at home once they are graduates and stop the brain drain, while encouraging local innovation for the benefit of African economies. Finally, the ASA will serve as platform to mobilize governments, donors and multinationals to improve investment in African research, expertise centers and major tech and skill intensive industrial projects.

For Her Excellency Mrs. Gurib-Fakim, “the rationale behind the creation of the ASA is twofold.  First and foremost, we must quickly close the African technical and scientific gap, otherwise our continent will no longer be able to successfully compete with other regions in the world. Then, and most importantly, we must build on our successes to date to leverage promising economic sectors. Fintech solutions in Kenya or Nigeria, drug production capabilities in South Africa, renewable training centers in Zambia or Burkina Faso bring unquestionable evidence that Africans can succeed in STEM. What we need is a clear ambition across the continent to multiply these initiatives – and make Africa attractive again for our youth. 

Special Advisor to the AfroChampions Initiative, Mr. Edem Adzogenu said: “Industrialization is the challenge of Africa. We need to create tools to advance Africa and make it a driver of global growth, including creating African industrial champions”. He also stressed that the ASA would bring “unique opportunities in terms of cross-country and regional cooperation, particularly between emerging regions”.

Mr. Gopichand P Hinduja, Co-Chairman of the Hinduja Group, and Mr Mr Prakash P Hinduja, Chairman Europe, Hinduja Group of Companies, both welcomed the guests to the annual lunch, including President Alpha Conde of the Republic of Guinea, President Emmerson Mnangagwa, of the Republic of Zimbabwe, His Excellency Hassan Ali Khayre, Prime Minister of the Federal Republic of Somalia as well as Ministers and officials from Angola, Rwanda and South Africa. Mr Hinduja highlighted the Hinduja Group’s long association and continued commitment to Africa highlighting the Continent’s real potential for expansion and growth in the years ahead.

Notes to the Editor

The ASA’s 2018 agenda will focus on a major advocacy and fundraising campaign to support ASA-qualified projects. Her Excellency Mrs. Gurib-Fakim ​​has started initial consultations to identify, with African delegations, first projects eligible for the ASA label, and to invite companies and recognized experts to join the council of the alliance which will be presented by end March 2018.

About the Africa STEM Alliance

Launched in January 2018, the Africa STEM Alliance (ASA) is a pan-African public-private initiative designed to be a catalyst for accelerating Africa’s STEM capability building and STEM-competitiveness. Under the leadership of Her Excellency Mrs Ameenah Gurib-Fakim, President of the Republic of Mauritius, the ASA aims to promote and encourage STEM Education and talent development, STEM entrepreneurship and industry mobilization and STEM public policies and public investment. As an advocacy platform, the ASA brings together industry representatives and corporations, public and private donors and investors, governments, education organizations, research and R&D centers; by mobilizing African and foreign expertise, the ASA seeks to accelerate the creation of a genuine STEM ecosystem on the continent. One of the flagships projects is the creation of a STEM fund to support R&D commercialization and STEM start-ups.

About Hinduja Group

The Hinduja Group (www.hindujagroup.comis India’s foremost privately-owned Group, with a global footprint across 100 countries employing over 120,000 people. Founded in 1914 in Mumbai by Parmanand D Hinduja, today the management, future strategy and focus of the Group is managed by Parmanand’s four sons Srichand, Chairman, Gopichand, Prakash and Ashok and the younger generation. With a century of experience, intelligent investment and disciplined growth, the Group has become an international multibillion Group active in ten business sectors encompassing Automotive, Energy, Banking, IT, power generation, Real Estate, Project Development, Media, Healthcare and trading.

About the AfroChampions Initiative

The AfroChampions Initiative is a set of innovative public-private partnerships and flagship programs designed to galvanize African resources and institutions to support the emergence and success of African private sector multinational champions in the regional and global spheres. The Initiative, driven by the AfroChampions Organization, was founded by the advisory firm Konfidants; and is Co-Chaired by President Thabo Mbeki and Mr. Aliko Dangote, President and CEO of Dangote Group. The Initiative is headquartered in Accra, Ghana, and works with regional and global partners and governments, with the support of other corporate and institutional partners including ADS Group, the Djondo Fellowship, Olusegun Obasanjo Presidential Library and Thabo Mbeki Foundation.

www.afrochampions.com

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Information and media requests :

Hinduja Group : Mr Ashish Ahuja, Vice-President, Corporate Communications ashishahuja.hgl@hindujagroup.com – + 91 22 6136 04 07

AfroChampions Initiative: Mrs Anne-Elvire Esmel, Program and Communications Lead

ae@afrochampions.com – + 33 6 46 41 77 84

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