HomeNews & InsightsNEPAD Business Foundation and Andalem Partner to Establish a Hub Office for East Africa in Addis

NEPAD Business Foundation and Andalem Partner to Establish a Hub Office for East Africa in Addis

NEPAD Business Foundation (NBF) and Andalem announced that they have signed a Memorandum of Agreement to establish a hub office for East Africa in Addis Ababa, Ethiopia.

Signed in Johannesburg, on the 12th of November 2014, by CEO of NBF Mrs. Lynette Chen and Michael Tesfaye Hiruy Founder & Managing Partner of Andalem, the strategic partnership agreement between NBF and Andalem will establish a hub office for East Africa in Addis Ababa, Ethiopia.The partnership is a strong strategic fit, leveraging the two organizations’ respective strengths to promote private sector investments and implement projects across five main focus areas:

    • R&D, Innovation, ICT and Entrepreneurship: mobilizing private, public and social sectors to promote science and technology and build Africa’s capacity in technological R&D. This focus area’s primary mission is to strengthen the African digital and technological ecosystem for a transversal impact on all focus areas. It will leverage both global and intra-African partnerships to create start-up generating innovation engines that will foster entrepreneurship and new employment opportunities.
    • Agriculture and Food Security: working with regional agribusiness hubs and linking agribusiness SMEs with capital, market and technologies. It will also promote inclusive and sustainable agricultural and agro-processing leadership.
    • Regional Integration and Infrastructure: working in tandem with regional stakeholders to promote cross-border renewable energy, infrastructure, technological R&D capacity building projects and Free Trade Zone initiatives in East Africa.
    • Tourism: leveraging Information Technology for promotion and developing a comprehensive strategy of dialogue between private and public stakeholders to unlock the potential of the East African tourism sector.
  • NBF-AU Collaboration: strengthening collaboration between NEPAD Business Foundation and African Union through implementation and execution of projects jointly defined with the Private Sector Development, Investment and Resource Mobilization Unit of the Economic Affairs Department at the African Union Commission.

“Through this partnership, the NEPAD Business Foundation will expand its operations to East Africa and further its mission to contribute to the advancement of the continent’s transformation and to promote private sector driven and entrepreneurship led economy” Said NBF CEO Lynette Chen.
“The future of Africa is its youth” Said Strategy Leader of PwC South Africa and NBF Chairman Mr. Stanley Subramoney, “NBF Ethiopia office will strive to federate young African Leaders’ entrepreneurial spirit that will, not only accelerate Africa’s economic transformation, but also assume a global responsibility.”
“NBF-Andalem partnership aims to build the institutional framework that will connect with global think tanks, technology clusters and businesses that are changing our world through digital innovations and are increasingly focusing on Africa”, said Michael Tesfaye Hiruy, Founder and Managing Partner of Andalem.

 


About NEPAD Business Foundation

Spearheaded by leaders of the five initiating states (Algeria, Egypt, Nigeria, Senegal and South Africa), and formally adopted at the African Union Summit held in Lusaka, Zambia in July 2001, the New Partnership for Africa’s Development (NEPAD Agency) was developed as a strategic framework for the economic and social development of Africa.
In this context, the NEPAD Business Foundation was formed at the request of the then President of South Africa, Thabo Mbeki, in June 2002, to engage the private sector to support NEPAD Agency’s strategic framework. NBF initially consisted of South African large corporations. The founding Chairman was Dr. Reuel Khoza and meetings were hosted by the Johannesburg Stock Exchange.
In 2004, the NEPAD Business Foundation registered as a non-profit organization and central coordinating office of thirteen industry working groups led by private sector companies. Five founding partners generously contributed resources towards its establishment, namely Anglo American, ESKOM, MTN, Old Mutual and Transnet.
NBF now works with governments, large corporates, SMEs, DFIs, CSOs and the donor community to develop sustainable solutions and mutually beneficial partnerships in:
1. Agriculture and food security (Comprehensive African Agriculture Development Program – CAADP);
2. Regional integration and infrastructure (Program for Infrastructure Development in Africa – PIDA);
3. Economic and corporate governance (African Corporate Governance Network – ACGN; and African Peer Review Mechanism – APRM);
4. Human development and capacity building (Capacity Development Strategic Framework – CDSF); and
5. Climate change and natural resources management (Strategic Water Partners Network – SWPN).

Today, NBF is one of Africa's leading membership based foundations with members like GE, Citi, Dell, PwC, Deloitte, Coca-Cola, Nestlé and currently has offices in South Africa, Mozambique, Zambia, Malawi and now Ethiopia.


About Andalem

Andalem is a mission-driven research and advisory firm dedicated to accelerate Africa’s economic transformation and sustainable development by promoting global thinking in private, public, social sectors and harnessing the exponential power of Digitization, Global Collaboration and Social Innovation.

Andalem has a global vision built on the backbone of exponential technological progress, and is dedicated to build ecosystems that explore the possibilities and the opportunities that it presents for Africa. We are committed to fostering international collaborations that bridge the digital and technological divide between Africa and the rest of the world as well as to promote private sector investments and social Innovations for an inclusive and sustainable growth.

Focusing on six key sectors –Technological R&D Capacity Building, Cleantech, Agro-processing, Healthcare, ICT and Tourism, Andalem puts its High-Technology legacy, exponential thinking and social values at the service of the African economy.

 

PRESS CONTACTS
Andalem
Michael Tesfaye Hiruy
+251 912 340 531
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.andalem.com

NEPAD Business Foundation
Terrence Mutuswa
+27 10 596 1899
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.nepadbusinessfoundation.org

Last modified on Monday, 26 January 2015 15:44

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