Diaz champions private sector's role in accelerating Africa’s growth at UNGA

Chris Diaz, Executive Chairman of Adili Group, is currently participating in the 79th session of the United Nations General Assembly (UNGA) in New York, engaging with global leaders at key forums.

These include the U.S.-Kenya Business and Investment Roundtable, the CEO Roundtable on Africa’s growth, and the Private Sector Forum.

The discussions emphasized Africa’s potential for transformative change, with a particular focus on the role of the private sector in advancing the Sustainable Development Goals (SDGs).

Diaz highlighted the private sector's critical contribution to Africa’s economic growth, noting that businesses are essential to addressing major challenges such as food security, climate change, and economic inequality.

“By leveraging innovation and strategic investments, businesses can address urgent challenges such as food security, climate change, and economic inequality,” said Diaz in his address at the CEOs’ Roundtable.

“Additionally, fostering partnerships between the private sector, governments, and international organizations is vital, as these collaborations unlock new markets and strengthen trade opportunities. Responsible digital transformation is also key, ensuring technology drives growth while promoting inclusivity and benefiting all communities.”

With private companies driving 80% of GDP across the continent, their role is pivotal in shaping Africa’s future.

Diaz stressed the importance of partnerships between governments, businesses, and international organizations to unlock new markets, enhance trade, and promote responsible digital transformation.

In his remarks, the Adili Group Executive Chairman focused on creating opportunities for youth through entrepreneurship, economic investment, and sustainability initiatives.

He emphasized the need for intra-African trade and the private sector’s power to generate jobs, foster innovation, and create lasting social impact across the continent.

Safaricom CEO Peter Ndegwa, speaking at the U.S-Kenya Business Investment Roundtable, stated: “The private sector continues to actively contribute to the economy through job creation, technology and infrastructure investments and community programs. At Safaricom, it's about using technology to provide solutions that solve societal problem.”