B20 summit set to drive economic growth and sustainability agenda

It's a rare opportunity to attract investors, says Ramaphosa

- By Tebogo Magoba

Johannesburg is to host the B2O summit, ahead of this year's G20 Summit in South Africa, hoping to unlock capital for sustainable infrastructure imvestment.

(Gallo Images)

In a milestone for both Africa and the global business community, Johannesburg will host the B20 South Africa Summit from November 18-20, in the lead-up to the G20 Johannesburg Summit.

As world business leaders descend on Sandton under the banner “Inclusive Growth and Shared Prosperity through Global Cooperation”, the summit promises to rewrite how Africa fits into the global sustainability narrative by putting economic and sustainability imperatives front and centre.

Hosted by South Africa under its G20 presidency, the B20 is a strategic platform aligning private-sector mobilisation with government policy priorities.

Africa’s economy is projected to grow by 3.8% in 2025, outpacing the global average of 2.8%, according to the International Monetary Fund (IMF). Yet, the continent attracts less than 3% of global foreign direct investment. This is a gap the B20 aims to close by unlocking capital for sustainable infrastructure investment, strengthening trade and local industrialisation.