Saturday, July 2, 2022

Equity Group CEO calls for reset of Global Economic and Social Order

The Covid-19 pandemic exposed the current economic and social order which was set in 1945 at the end of the second world war. In his keynote speech during the Commonwealth Heads of States and Governments Meeting Business Forum opened in Kigali, Rwanda Equity Group CEO and Managing Director, Dr. James Mwangi said the current order is unsustainable and did not inspire trust between businesses and their host communities.

Hosted as a partnership between the Government of Rwanda and Commonwealth Enterprise and Investment Council (CWEIC) this year’s forum will address the CHOGM theme ‘Delivering a Common Future: Connecting, Innovating, transforming’, with a focus on “A Global Reset”, dealing with the impact of the pandemic and the Commonwealth’s role in rebuilding and reinvigorating the global economy.

Dr. Mwangi added that since the pandemic, “globalization, competitiveness, economies of scale; the theories upon which the world was being built have been put to question because, at the end of the day, it was all about availability.

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Dr. Mwangi says the pandemic has brought the world back to a moment for a global reset that puts in place a new vision and inclusive leadership that guarantees a future of shared prosperity, equal opportunities, and equality in society.

At least 40 Heads of State and government from Africa, Europe, Asia, the Americas, the Caribbean, and the Pacific will convene to discuss this year’s theme: “Delivering a Common Future: Connecting, Innovating, Transforming.

The economic shock of COVID-19 in 2020 pushed the global economy, and social order into a sharp downturn and exposed systemic fragilities. The Commonwealth is uniquely positioned as a worldwide alliance with inherent benefits including economic, political, and cultural links, and can lead the way in demonstrating what a truly global recovery can look like.

This session will discuss challenges including downturns in employment, disruptions to healthcare services, school closures, trade, and supply chain disruptions. It will compare recovery strategies and experiences and contribute to a unified approach to recovery.

This is the first and largest in-person gathering for Governments and Businesses across the Commonwealth since the start of the Covid-19 pandemic. The CBF 2022 experience has been designed to provide different ways to create meaningful connections, exchange knowledge, contribute to impactful dialogue and consume information.

The Commonwealth conference began officially on Monday, 20th June 2022, and will run till Friday 24th June 2022.

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