Mining On Top: Africa Summit- Focusing on a new era of sustainability and investing in Africa’s mining industry
Frankfurt, Germany – July, 2017 – The 4th edition of Mining on Top: Africa Summit taking place from 6-7 July in Frankfurt, Germany will gather industry players and stakeholders to discuss the future in African mining projects and challenges in the mining sector to date. The conference will explore the issues of integrating mining into development policies at international, national and regional levels to attract and increase investment.
The global mining industry is currently experiencing a fluctuating precious metals market, with high volatility of commodity prices and rising exploration costs. Africa, being one of the most mineral-rich continents looked is to as a resource in solving these growing issues. The continent accounts for about 30% of the world’s total mineral reserves and has huge potential with regard to resources and production capacity. Investors globally are seeking opportunities to expand into new ventures in Africa, as it presents a new frontier for the mining sector.
The mining industry has emerged as a powerful engine of economic growth in Africa. The continent hosts about 30% of the world’s total mineral reserves producing over 60 different metals and minerals and has huge potential for exploration and production in the future. ‘The boom in investment have contributed to the continent’s Gross Domestic Product (GDP) growth by 64 percent between 2000 and 2017.’ (https://www.ifc.org) Mining projects have contributed to development in the infrastructure by creating jobs and local procurement and through community investment projects. Through their engagement with the key stakeholders mining companies are identifying and building up on key sustainability issues, strategizing and then implementing the policies.
Africa’s mining potentials have increased in the recent past due to improvements in political systems and changes in fiscal and regulatory environments, leading to a rise in investments. The increasing transparency of the extractive industry has had significant positive correlative effect on the revenue flows to the host countries. ‘Most of the African mining countries have joined the Extractive Industry Transparency Initiative (EITI) iv and through the EITI reporting process, the revenues accruing to governments from extractive sectors are documented and publicly disclosed. This process enables citizens to understand how much money is being paid to the government from different sources, which can help to ensure accountability for how those resources are managed.’ (https://www.ifc.org)
Mining on Top: Africa Summit will once again serve the mining community by providing a formidable platform to asses and synergise with the key players of the industry. Attendees will discuss the future of the African mining industry, share best practices for growth through sustainable operations and how to reduce environmental damage. Consequentially, this would encourage mining growth and thus lead to wider economic growth.
More information can be found at: http://ametrade.org/miningontopafrica/
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.