Davos: African Economies Must Accommodate Youths, Says Museveni

President Yoweri Museveni has highlighted the emerging concern of youths who continue to be sidelined in the economy amid Africa’s rapidly growing population, arguing this must be addressed.

The President made the comment while in Davos, Switzerland where he is attending this year’s World Economic Forum. Museveni was Thursday speaking at an interactive pannel discussion titled “Peace building in Africa”, on the sidelines of the ongoing Forum.

The discussion was moderated by Bineta Diop, the African Union Chairperson’s Special Envoy on Women, Peace and Security.

“Besides the traditional political and ideological conflicts Africa has always faced, there is a new but healthier conflict posed by its growing population, which now stands at 1.3 billion people,” the President said.

“The bigger concern is the youth segment which is not accommodated by the economies,” he said, adding “it is these socio-economic issues that we must address while avoiding the usual ideological conflicts”.

He also pointed out the need to address challenges of infrastructure development, electricity and skills in order to embrace a new revolution.

Museveni arrived in Davos on Tuesday to join global thinkers and leaders in politics, business and culture, to discuss how to make globalization work for everyone – the theme for this year’s summit.

During the past few days, Museveni has met and held discussions with among others Prof Klaus Martin Schwab, the founder and executive chairman of the World Economic Forum.

The President informed Prof Klaus that Uganda was willing to host the next World Economic Forum on Africa. He said it will be an honour for Uganda to host a meeting of such significance. The last WEF (on Africa) was held in South Africa.

Museveni also met with the Executive Director of the World Food Programme, David Beasley, and his team. The two leaders discussed “means of strengthening cooperation” between Uganda and World Food Program.

World Food Program is involved in several humanitarian operations in Uganda given the over 1 million refugees that are currently hosted in the country.

Still in Davos, President Museveni addressed a roundtable meeting organized by the Africa Strategy Group, themed on shaping Africa’s agenda in the global context.

At the meeting, Museveni said that “part of our lagging behind was the attitude governments had against the private sector” but added that this has changed.

“The people excited about artificial intelligence are those who already have developed infrastructure and a developed human resource,” he noted.

According to Museveni, artificial intelligence alone without infrastructure development such as railway and electricity can not be useful.

President Museveni Joins Global Leaders for World Economic Forum in Davos

President Yoweri Museveni has Tuesday left Uganda for Switzerland where he will be attending the World Economic Forum in the Swiss Alpine town of Davos.

Global thinkers and leaders in politics, business and culture will be meeting in Davos for the World Economic Forum (WEF) this week.

The forum which opens Tuesday morning will have about 3,000 participants and it will feature some 350 sessions, centred around issues such as improving global co-operation, embracing the digital revolution and tackling climate change.

Among those attending is Angela Merkel of Germany. Prince William of Britain is expected to talk about mental health while the Prime Minister of New Zealand, Jacinda Ardern will also give an address.

But U.S President, Donald Trump as well as UK Prime Minister, Theresa May, Emmanuel Macron of France, Narendra Modi of India and Chinese PM, Xi Jinping, will not be present, largely due to the domestic issues they have to deal with.

On Tuesday, President Museveni was seen off at Entebbe Airport by Vice President, Edward Kiwanuka Ssekandi as well as the Minister for Presidency, Esther Mbayo among other officials.

“I have left for Davos, Switzerland where I will join other leaders at the World Economic Forum. The key discussions will focus on how to make globalization work for everyone, not just a few individuals,” the President tweeted.

Oxfam International Executive Director, Winnie Byanyima said on Monday that she had a message for political and business leaders at the Davos forum.

“Extreme gap between the rich and the poor is widening, fueling public anger, damaging economies. It’s not acceptable or inevitable. Let’s share solutions,” Byanyima said on Twitter.

Central to the discussions in Davos will be issues of climate change as well as the trends in global economy.

The WEF asked its members to rank their worries ahead of this year’s event, and this year’s “worry” list was dominated by climate change concerns.

Climate issues account for three of the five risks deemed most likely to materialise in 2019 — and four of the top five risks that could cause the most damage. The only other topics cited are weapons of mass destruction, and cyber risks.

On Monday, the International Monetary Fund (IMF) said the global economy was weakening faster than expected as it revised down its economic forecast.

The IMF forecast comes against a backdrop of an escalation of a US-China trade war, uncertainty over Brexit, volatility in financial markets and the longest US government shutdown.