Redefining the Future of the African Economy Now: Afribiz Turns the Page on the Paradigm of Economy (Press Release)

January 24, 2015, Sandton, South Africa

The theme for the 2015 World Economic Forum was “The New  Global Context.”  “What the theme really meant was that what is happening globally today doesn’t make any sense and we don’t know what to do about it,“ says Lauri Elliott, Group Chairman and CEO of Afribiz.

So what is the root of the problem and what can be done about it? “I agree with Otto Scharmer, lead author of ‘Leading from the Emerging Future,’ that the fundamentals upon which the global economy is operating are perverted. Perverted is a strong word, but it means to turn something to a wrong purpose. Individualistic models of economy will never support the greater good,” says Elliott.

Elliott disagrees, however, that the shift to collective economies is the answer. “Ecosystem economies should be built on individual actors who fulfill their purpose, or function, but are interdependent with other actors and are part of a synergized whole. This includes all parts of creation, but people are the significant factor. It is people, organizations, tribes, and nations who fulfill their purpose and destiny, interdependent upon and working with others that will make the changes the world needs to become sustainable.”

Afribiz has been researching, developing, and applying elements of such an ecosystem approach for years, but has finally conceived an ecosystem architecture upon which formal, virtual, and informal economies can be built. The African economy, that is referred to, is actually individual streams of ecosystem economies who merge together to become a synergistic whole. There are no cookie cutter approaches to ecosystem economies but a framework of actors, principles, processes, values, etc. upon which the economies can be built.

“Seeing that Afribiz is bringing the future into the present, we understand that we cannot speak only but that we must live what we speak. That is why we are announcing the revamping of the Afribiz family of companies under this new ecosystem architecture, representing an ecosystem economy as we interpret it. In living the model, we can assist business, society, government, and other stakeholders to transform themselves over time to meet the demands of the future,” adds Elliott.

Afribiz was founded on the mandate to catalyze broad prosperity on the African continent and to expand Africa’s capacity to become a significant global region fully participating in the global economy and society. This hasn’t changed but the architecture to achieve it has. The re-visioned vision and mission for Afribiz are:

  • Vision – Afribiz is a leading orchestrator of the new global economy with Africa at the center.
  • Mission – Afribiz creates, sustains, and grows economic streams with the participation and for the benefit of stakeholders – communities, individuals, families, government, private sector, faith institutions, civil society, non -profits, and others. These streams merge together as a tapestry for a diverse, but synergized global economy that is inclusive and borderless. This global economy is well-represented by each of the global regions with Africa as a key economic center. We accomplish this through a “family” of creators, innovators, and entrepreneurs who develop, grow and sustain organic, catalytic, and agile ecosystems, structures, interventions, enterprises, organizations, and projects.

To learn more about the framework, structures, and methodologies visit https://www.afribiz.org.

Media Contact:

Nwakego Eyisi
Afribiz, Economic Liaison
research@www.afribiz.org
+27.11.083.8422

About Afribiz

Afribiz is a family of companies serving humanity by orchestrating, facilitating, and catalyzing inclusive ecosystem economies on and through the African Continent.