Strategic conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation

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Strategic conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation

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The impact of COVID-19 on Africa’s economy and health systems has been widely publicised, but macroeconomic figures often don’t tell the story of what these changes mean for the lives of people, especially African youth. Lockdown has meant many things for people across the globe, but for many in Africa the human toll has been even more severe, with livelihoods being devastated, particularly in the informal sector, which makes up approximately 1/3 of the global labour force. There are concerns about compensating for lost jobs and devastated businesses but also about increased poverty, rising malnutrition and risk of famine. African leaders have asked for debt forgiveness for their faltering economies. There are concerns that COVID-19 will impact on progress in achieving an African Free Trade Area. What is needed to ensure that Africa’s recovery is fast, rapid and sustained.

This Strategic Conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation with will look at the effects of the pandemic on economies and societies in Africa, and the road to Africa’s economic recovery. It is part of Friends of Europe’s expanding Africa Programme which includes the Africa Europe Alliance, the High-Level Group of African and European Personalities and the Development Policy Forum.

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Strategic conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation Expand Strategic conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation

The impact of COVID-19 on Africa’s economy and health systems has been widely publicised, but macroeconomic figures often don’t tell the story of what these changes mean for the lives of people, especially African youth. Lockdown has meant many things for people across the globe, but for many in Africa the human toll has been even more severe, with livelihoods being devastated, particularly in the informal sector, which makes up approximately 1/3 of the global labour force. There are concerns about compensating for lost jobs and devastated businesses but also about increased poverty, rising malnutrition and risk of famine. African leaders have asked for debt forgiveness for their faltering economies. There are concerns that COVID-19 will impact on progress in achieving an African Free Trade Area. What is needed to ensure that Africa’s recovery is fast, rapid and sustained.

This Strategic Conversation with Ifeyinwa Ugochukwu, Chief Executive Officer of the Tony Elumelu Foundation with will look at the effects of the pandemic on economies and societies in Africa, and the road to Africa’s economic recovery. It is part of Friends of Europe’s expanding Africa Programme which includes the Africa Europe Alliance, the High-Level Group of African and European Personalities and the Development Policy Forum.

  • How has the economic slump of COVID affected the lives of people in Africa – and what can be done to ease the negative impact?
  • What role will start-ups and small businesses play in the recovery, and how can we use the recovery to empower a more diversified, sustainable and green economy?
  • What can be done to provide Africa’s young people with jobs and is the introduction of a basic minimum income being envisaged?

    Speaker

    Ifeyinwa Ugochukwu

    Chief Executive Officer of the Tony Elumelu Foundation

    moderator

    Shada Islam

    Director of Europe and Geopolitics at Friends of Europe

    End of conversation
    Speakers

    Speakers

    Ifeyinwa Ugochukwu
    Ifeyinwa Ugochukwu

    Chief Executive Officer of the Tony Elumelu Foundation

    Show more information on Ifeyinwa Ugochukwu

    Ifeyinwa Ugochukwu holds the distinction of being the first African to be appointed Chief Executive Officer of The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy initiative. Prior to that, she was Director of Partnerships & Evaluations at the Foundation, developing its institutional framework for partnerships to scale the impact of the TEF Entrepreneurship programme and to empower over 10,000 entrepreneurs. The resulting strategic partnerships with governments, development finance institutions, multilaterals and private organisations led to a record-breaking selection of 3,050 entrepreneurs in 2019.

    Photo of Shada Islam
    Shada Islam

    Director of Europe and Geopolitics at Friends of Europe

    Show more information on Shada Islam

    Shada works on issues related to the future of Europe, minority and integration challenges as well as on Europe’s relations with emerging nations. She set up the Asia Programme for Friends of Europe in 2011 and also leads its work on development issues. She is the former Europe correspondent for the Far Eastern Economic Review and continues to write for leading international publications.

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