Quantum Global Group’s Head of Corporate Development, Franck Behiblo participated at the sixty fourth session of the governing body of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
The panel “Investment for Development: Investment and the Digital Economy” commenced with opening remarks from Mr. Mukhisa Kituyi, Secretary-General of UNCTAD and Mr. James Zhan, Director, Division on Investment and Enterprise, UNCTAD.
On the panel Franck Behiblo was joined by H.E. Mr. Seetanah Lutchmeenaraidoo, Minister of Foreign Affairs, Mauritius, Mr. Houlin Zhao, Secretary-General, International Telecommunication Union and Mr. Michael Kende, Chief Economist, the Internet Society. Based on the 2017 World Investment Report on Investment and Digital Development (2017), the high-level panel shared their experiences of effective policies for the promotion and facilitation of investment for development.
From an African investment practitioner’s perspective, Quantum Global’s intervention focused on Africa’s enablement of business-friendly environments and culture of entrepreneurship. This will ensure the growth of businesses that are the creators of technology, and not only the consumers of it.
According to Behiblo investment into the digital economy will require “A locally skilled workforce, updated legislation, affordable bandwidth as well as a culture of innovation that will promote the growth of these types of businesses.” Behiblo further commented that “improving key infrastructure in Africa is essential, but more importantly urging Africa to adopt an innovative mind-set as well as a focus on skills development, will ensure that digital transformation opportunities in the continent can be filled and led by Africans.”