Bavarian State Ministry of Economic Affairs and Media, Energy and Technology
If the German state of Bavaria were its own country, its economy would be the tenth largest in the entire European Union. With a GDP of more than 500 billion Euros, it has one of the highest levels of purchasing power in the world. In addition, Bavaria is one of the world’s leading technology incubators, home to more than 11,500 tech companies in construction, electronics, energy, mobile and IT industries. Until now, exports within Europe, to the US and China have underpinned Bavaria’s foreign trade. Fifty years ago, Bavaria was a heavily agricultural economy and today it is a thriving high-tech hub. Sub-Saharan Africa, where agriculture still dominates many economies, is undergoing a tech renaissance today not unlike what Bavaria experienced decades ago.
On November 28, we bring GABF to Munich to bring together two ideal trade partners – Bavaria and Africa. Hosted by UniCredit Bank and endorsed by the Bavarian State Ministry of Economic Affairs and Media, Energy and Technology, GABF Munich presents a fresh and unique platform for enhancing trade and investment between both sides and fostering long-term relationships.
November 28, 2017, Munich
09:00 – 10:00
WELCOME REMARKS & KEYNOTES
10:00 – 11:00
Financial Services in Africa
Whereas as in developed countries, the financial technology (fintech) sector is disrupting conventional banks and financial institutions, in Africa fintech actually meets the fundamental needs of most consumers. On a continent where less than a third of people have bank accounts, the mobile phone often substitutes as a “wallet” for many African consumers. So emerges a vast ecosystem of financial transacting that stands in stark contrast to the formal banking methods of the industrialized world. Payment and remittance companies account for 41.5 percent of new African startups. This points both to the economic trajectory of the continent and to the capital demands of the sector over the coming years.
• How do traditional financial institutions adapt to these trends to ensure they stay ahead of the curve?
• What role do German banks and investors have in enabling the growth of African fintech startups?
11:00 – 11:30
NETWORKING COFFEE BREAK
11:30 – 12:00
12:00 – 13:00
The Silicon Savannah: Technology and Innovation in Africa
The forces that drive Africa’s economic growth are vastly different than those of the developed world. And so the innovations and new technologies that are supporting that growth are different too. From mobile transactions as a substitute for traditional banking to blockchain technologies in the place of conventional currencies to “crowd-farming” technologies to support the livestock industry, technologies are cropping up in unpredictable but commonplace sectors. In this panel, we explore the mindset that German investors must adopt to thrive in this exciting but complex business setting and we reveal the dynamic African enterprises that are breaking the mold in a fast-changing market.
• Does Africa have the infrastructure to reach its “fourth industrial revolution” and where can German technology have a place?
• Where are Africa’s tech hubs and start-ups and what are the next leapfrogging technologies?
13:00 – 14:30
14:30 – 15:00
15:00 – 16:00
Food Security & Agro-technology in Africa
Agriculture is the predominant source of employment and livelihood in much of Africa, accounting for as much as 60 percent of the workforce. The sector is crucial to economic diversification, with strong links to other segments of the economy and the potential to increase overall production, create jobs and reduce poverty. Explosive population growth and rising land values are placing enormous burdens on the African food system to feed growing cities. But the growth opportunities for farmers and agriculture value chain actors, supported by improved market access to food and higher food prices, are greater than ever.
• How is government policy in Africa affecting access to market and enabling private investment into the sector?
• How can Germany’s agro-technology enterprise help increase productivity, strengthen transport links and provide investment in critical areas such as irrigation and farming technology?
• How do farmers respond to the sheer scale of food demand to support rapid growth in urban populations?
16:00 – 16:30
16:30 – 17:30
German Engineering Goes to Africa
“Made in Bavaria” is synonymous with quality and manufacturing excellence. Industry is the engine of economic development in Bavaria, where more than 25 percent of gross value added comes from 7,000-plus manufacturing enterprises that call the state home. Well equipped to fulfill the promises of the “Fourth Industrial Revolution,” Bavaria’s companies deliver technologies such as big data, cloud computing, cyber-physical systems, machine-to-machine communication, RFID chips and more. Conversely, Africa’s manufacturing base is chronically underdeveloped. A lack of productivity, scale, infrastructure and skills are the main challenges to overcome but they also point to huge opportunities. In consumer industries like food and beverage, construction and the local beneficiation of natural resource sectors like oil, gas and mining, sub-Saharan Africa shows significant upside.
• How can German manufacturing enterprises contribute to increasing innovation and the application of advanced technologies to create value-added products?
• Where is the base for Bavarian and African collaboration in skills development and joint investments?
• Where can German technology aid in local beneficiation of natural resources for independent power generation and supply stabilization?
Hosted by Bavarian State Ministry of Economic Affairs and Media, Energy and Technology
Residenzstraße 1, 80333 München