Conference Presentation, Fireside Chat, Interview
A Conversation with Strive Masiyiwa and Michael Milken
- The Milken Institute is scheduled to host its global conference in May and return to Abu Dhabi for a subsequent event in February of the following year.
- Global population projections for 2100 vary based on demographic trends: without adjustments, the population could reach 21 billion, whereas adjusted birth rates project a population of 11 billion, with 4 billion residing in Africa, accounting for approximately 40% of all children.
- Failure to create opportunities in Africa could drive immigration involving 1 to 2 billion people seeking better lives, as one million young Africans turn 18 monthly, adding 12 million to the labor force annually with a projected increase to 25 million per year.
- Nigeria's population is projected to exceed one billion by the 21st century and potentially surpass China, reaching 2.3 billion citizens by 2100 if the current birth rate of 5.1 children per woman is maintained.
- Africa's 21st-century infrastructure development is expected to bypass traditional physical models like extensive bank branches or road expressways, prioritizing fiber optic and mobile networks instead.
- A collaborative fiber optic network project between the Milken Institute and Econet is underway, extending from the Red Sea to the Atlantic and currently reaching Nigeria's border.
- All 54 African countries are projected to have 5G networks operational within the next five years.
- The United States has doubled its funding to $60 billion for development efforts under the leadership of Adam Boehler.
- The International Finance Corporation (IFC) may invest in for-profit entities and hold equity stakes of up to 20%.
- The Milken Institute is negotiating with the IFC to train 1,000 government leaders across African nations.
- The Milken Institute plans for Strive Maseiwa to visit all 54 African countries within the 11 years remaining before his 70th birthday, aligning with the Institute's 65th anniversary.