The Annual Bank Conference on Africa: Managing the Challenges and Opportunities of Urbanization in Africa
TICAD VI: Role of Private Sector in Africa’s Economic Transformation
August 26, 2016Kenyatta International Convention Centre, Nairobi, Kenya

Infrastructure and agriculture are recognized as key components of Africa’s transformation. Governments and development partners have boosted their engagement in these sectors over the past 15 years, yet there remains a funding gap. Private sector investment, innovation and expertise can help bridge this gap. Join us to discuss how to mitigate risk and mobilize investment in infrastructure, and to explore how Africa can transition from traditional agriculture to agribusiness. IFC, a member of the World Bank Group, along with the government of Kenya, the government of Japan, the African Union Commission, the Africa Development Bank, the Kenya Private Sector Alliance and other partners have organized this event.

  • Jim Yong Kim

    President, World Bank Group
    Jim Yong Kim, M.D., Ph.D. is the President of the World Bank Group. Soon after he became president in July 2012, the organization established two goals: ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in developing countries. Kim's career has been focused on health, education, and delivering services to the poor.
  • Uhuru Kenyatta

    President of Kenya
    Uhuru Muigai Kenyatta is the fourth and the current President of Kenya, in office since 9 April 2013. He previously served in the Government of Kenya as Minister for Local Government from 2001 to 2002, and he was leader of the official opposition from 2002 to 2007. Hon. Kenyatta was appointed Deputy Prime Minister and Minister for Trade in April 2008. In the same year, he was transferred to the Treasury as Deputy Prime Minister and Minister for Finance, as part of the Grand Coalition Cabinet, where he served up to January 2012. He served as the Member of Parliament for Gatundu South Constituency beginning in 2002. President Kenyatta was also the Chairman of Kenya African National Union (KANU), which was a part of the Party of National Unity (PNU). President Uhuru Kenyatta is the first son of founding President Jomo Kenyatta.
  • Akinwumi Adesina

    President, African Development Bank Group
    Akinwumi Ayodeji Adesina is the 8th elected President of the African Development Bank Group. He was elected to the position on May 28, 2015 by the Bank’s Board of Governors at its Annual Meetings in Abidjan, Côte d’Ivoire. He took office at the Bank’s headquarters in Abidjan on September 1, 2015 and will serve an initial five-year term.
  • Philippe H. Le Houérou

    Executive Vice President and CEO, International Finance Corporation
    Born in Montpellier, France, Le Houérou grew up in North Africa and Italy and went on to attend the Institut d'Etudes Politiques de Paris (France), followed by an MBA at Columbia University in New York and a Ph.D in Economics from the Institut d'Etudes Politiques de Paris.
  • Hiroyuki Ishige

    Chairman and Chief Executive Officer, Japan External Trade Organization (JETRO)
    Hiroyuki Ishige received his degree in Economics from the University of Tokyo in 1974. Soon after, he joined the Ministry of Economy, Trade and Industry (METI) of Japan. In 2003, he became the Director-General for Natural Resources and Energy Policy. Since then he's held positions of the Director-General of Manufacturing Industries Bureau, Director-General of Small and Medium Enterprise Agency, Director-General of Trade Policy Bureau, Vice-Minister for International Affairs and First Secretary, Permanent Mission of Japan to the International Organizations among others.
  • Keiko Honda

    Executive Vice President and Chief Executive Officer, Multilateral Investment Guarantee Agency (MIGA)
    Keiko Honda is the Executive Vice President and Chief Executive Officer of the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. Previously, Honda was the first woman senior partner in Asia at McKinsey & Company. There, she advised financial institutions on matters related to corporate finance, corporate strategy, and business development. Prior to joining McKinsey, Honda worked for Bain & Company and Lehman Brothers.
  • Nkosazana Dlamini Zuma

    Chairperson, African Union Commission
    H.E. Dr. Nkosazana Clarice Dlamini Zuma is a trailblazer in the upliftment and empowerment of women across the African continent. Her career as an activist and politician is testimony to her indestructible and courageous spirit. She was born on 27 January, 1949 in KwaZulu-Natal, a time when black women’s career expectations did not go beyond domestic work. She, however, was not to be limited.
  • Yutaka Kase

    Chairman, Sojitz Corporation and Committee on Sub-Saharan Africa, Keidanren (Japan Business Federation)
    Mr. Yutaka Kase has been serving as Chairman of the Board and Representative Director for Sojitz Corporation since April 1, 2012. He also serves as the Director of Astellas Pharma Inc. He obtained his Bachelor degree in Economics from The University of Tokyo in April 1970.

12:30pm -1:00pm

All invitees will convene in a plenary session to frame the role of the private sector in delivering economic transformation through diversification and industrialization.

  • Yutaka Kase, Chairman, Sojitz Corporation and Chairman, Committee on Sub-Saharan Africa, Keidanren (Japan Business Federation)
  • Keiko Honda, MIGA, Executive Vice President
  • Hiroyuki Ishige, Chairman JETRO
  • Nkosazana Dlamini Zuma, Chair AUC
  • Akinwumi Adesina, AfDB President
  • Philippe Le Houérou, IFC CEO and Executive Vice President WBG

Keynote Address

  • WBG President Jim Kim
  • Prime Minister Shinzo Abe (TBC)
  • H.E. President Uhuru Kenyatta

Session Convenor: Adan Mohamed, Cabinet Secretary, Ministry of Industry, Trade and Cooperatives and Carole Kariuki , CEO Kenya Private Sector Alliance

Davos Style Thematic Session 1
Partnerships and Risk Mitigation to Mobilize Private Investment on a New Scale - Infrastructure Financing for Africa

Session Moderator: Alain Ebobissé, Chief Executive Officer Africa 50

The session will seek to answer the following questions:

  1. Expected role and impact of private sector investment
    • How can private investment supplement public resources for infrastructure in Africa? What are the comparative advantages of private vis-à-vis public investors?
    • What types of private sector projects in your experience have proven truly transformational (developmentally impactful) in Africa’s infrastructure sector? In what regions?
  2. Comparative advantage and challenges of private sector investment
    • What are the strength of and the biggest impediments to private sector financing for infrastructure projects in Africa? What are the easiest and most difficult projects?
  3. Role of IFIs and efforts of private sector to overcome the challenges
    • How could World Bank Group and other IFIs do to help overcome those challenges? What is your organization doing to encourage private sector investment in Africa’s infrastructure?
    • What efforts could private sector do to further enhance investment to Africa’s infrastructure sector


  • Philippe Le Houérou, IFC CEO and EVP, WBG
  • Bob Collymore, CEO, Safaricom
  • Aliko Dangote, President, Dangote Group (TBC)
  • Masahiko Oshima, Chief Executive Officer, Sumitomo Mitsui Banking Corporation Europe Limited / Managing Director & Head of EMEA Division, Sumitomo Mitsui Banking Corporation
  • Takashi Yao, Regional COO for Africa, General Manager of Johannesburg Branch, Marubeni Corporation

2:00pm – 3:00pm
Davos Style Thematic Session 2
Agribusiness and Productivity (Innovation and Technology)

Session Moderator:

The session will seek to address the following questions:

  • What is the progress of Africa regionally in terms of transitioning from traditional agriculture to agribusiness? Are there lessons from Asia to be learned?
  • Most agricultural commodities, with a few exceptions (cocoa, tea, coffee, horticulture) in Africa are not integrated into global value chains. What are novel organizational methods and structures to overcome this and link more African producers to the global economy?
  • What are the most important infrastructure investments for unlocking African agribusiness and making it more productive? How can we mobilize more private sector investments into African Agriculture
  • How can Africa continue to promote agribusiness and boost agricultural productivity in the face of growing challenges such as climate change, global commodity price volatility, forex?
  • What role can information, innovation and technology play is in enhancing access to credit, boosting productivity, and access to markets


  • Sana Jatta, Regional Director for East and Southern Africa, International Fund for Agricultural Development
  • Oba Otudeko, Chairman & CEO, Honeywell Group
  • Yasuhiko Yokoi, Executive Vice President, Toyota Tsusho Corporation
  • Yasuhiko Toride (Ph. D.), Executive Professional, Nutrition Improvement Project, New Business Development Group, R&D Planning Department, Ajinomoto Co., Inc.
  • Sewit Ahderom, Chief Operations Officer, Gro Intelligence
  • Haruki Hayashi, Executive Vice President, Regional CEO, Europe & Africa, Mitsubishi Corporation
  • Yoshiyuki Sato, President and CEO, Organic Solutions Japan

3:00 – 3:30pm

  • Dennis Awori, Chair, Kenya Private Sector Alliance
  • HE William Ruto EGH, Deputy President of the Republic of Kenya (TBC)

Session Convenor: Adan Mohamed, Cabinet Secretary, Ministry of Industry, Trade and Cooperatives and Carole Kariuki , CEO Kenya Private Sector Alliance

  • Date: August 26, 2016
  • Time (Nairobi): 1pm to 4pm
  • Time (Washington): 6am to 9am
  • Location: Kenyatta International Convention Centre, Nairobi, Kenya
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