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Karabo Morule discusses financial participation and other programs in Davos

The investment banker became an art entrepreneur, Karabo Morule, founder of Capital Art and a young international leader at the World Economic Forum, discusses his involvement as a panelist in detail and discusses other topics on the agenda in Davos. From climate change and depletion to the creative arts, Karabo is absorbing everything.

Karabo Morule on financial adjustment

That’s pretty much it. But I really enjoyed the meetings and was so lucky to participate in a panel on financial adjustment. I only got to talk about the great work that TymeBank has done, because I’m not the CEO of TymeBank. This covered the area of ​​financial adjustment in general, but financial participation for women and low-income women in particular. People can see some of the research on C-Gap.org, so it’s really great. I also shared my experience of financial engagement for middle-income clients and key people in the lower-income group. In particular, it is related to insurance.

About the inspiration that came around discussions in Davos

I was inspired in many areas. You know, I tried to make sure that the programming I had for my gender was very diverse. So since it’s Africa Day today, I’m just going to give you a feel for some of the themes around Africa. I really enjoyed the comments of the President of Namibia and the Prime Minister of Côte d’Ivoire, and we had several other meetings on regional integration in the context of the Free Trade Agreement on the African continent.

I also loved how they were talking about value added. It is very important that we ensure greater value added on the African continent. The Prime Minister of Côte d’Ivoire spoke of fascinating statistics in the context of the cashew nut chain, Côte d’Ivoire captures only about 7% of it, and that’s really rough. We need to ensure that we are producing more on the continent than just creating more value added. And the other big theme was job creation, but some of the leaders also talked about the emphasis on knowledge. I love it because I believe it is more important to increase knowledge on the continent, in certain areas, and for people who are at risk of job insecurity. I think that’s one of the big themes. I went to a meeting about advanced production. It was fascinating to hear that only 7% of the production is circular. And that’s the theme we need to focus on.

About the lesson that will be taken back to South Africa

I will definitely share what I learned because that has always been my focus; take advantage of the fact that I am a young international leader. I feel like I’m there so much. I have the privilege of attending and realizing and learning from the many WEF meetings. I want to share it with as many people as I can. But certainly, yes, I’m going to take this into some of the focus areas that I have outside. It’s been great chatting with so many people about what I’m doing in my art technology startups and a lot of people have gotten positive feedback and want to connect with other people. I’ve had a royal party.

The discussions focused on climate change

It has been interesting in the context of the session we had this morning with the Director General of the World Trade Organization, which was really great. She talked about how the WTO is thinking about using the understanding of international supply chains to help with the climate debate. Another thing that was obviously mentioned by some African leaders was that pure zero does not necessarily mean zero carbon emissions from fossil fuels. It sounds like a contradiction. I think it’s just talking about the transition and that Europe is now declining in terms of coal. In continental Africa, we need to increase our GDP; in fact, we are as rich in coal as many in South Africa. Let’s make sure we’re thinking of different ways to get to net zero but are still taking advantage of the impact that coal still has on our economy and the number of jobs it creates, which is very fair to point out.

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Karabo Morule discusses financial participation and other programs in Davos

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