Why is Truth and Reconciliation Important?
“Ordinary South Africans (People) are determined that the past be known. That it is better to ensure that it is not repeated. They seek this not out of vengeance but so that we can move in the future together. The choice of our nation is that that the past should be revealed, but that it comes to known in a way which promotes reconciliation and peace”. Nelson Mandela
DAY II: Nelson Mandela International Day (July 18)
DAY III: Economic Cooperation between African & Caribbean Stock Exchange (July 19)
THE CULTURE OF TRADING AND INVESTING IN PEACE
Economic Cooperation between African & Caribbean Stock Exchange
This conference is about promoting the idea is to turning Global African presence into a Competitive Economic advancement with the help of Stock Exchanges and Corporate Social Responsibility measures. Global presence does not automatically ensure a competitive advantage. The worldwide African presence has yet to produce the much culture-based wealth that provides the necessary financial capital and the cultural economy enjoyed by other cultures around the world. Many different cultures have been able to take advantage of their perceived competitive edge and used it effectively to establish and sustain their markets everywhere possible. We have witnessed multinational corporations integrated into many countries across continents. Their presence in other countries will continue to change people's thinking and consumption habits. Since learning is a way of life, all specialized products and services reflect particular cultural identities, and each global product contributes to the wealth of a specific culture or nation. We need to explore the dynamics of the world economy through cultural lenses, not only national perspectives, and this requires a new perspective on what we describe as the interdependent African opportunity.
Turning African global presence into a worldwide competitive advantage requires a culture to consciously match its value creation potential with the opportunities generated by its predisposed global relationship and proximity. Therefore, a new global African economic relationship driven by culture is eminent because globalization is a relational economy. Diasporic, transnational identities and social structure coupled with the increasing ease of cross-border capital and investment movement have given rise to international ethnic entrepreneurial behavior. The Stock exchanges make it possible to organize information, create efficient communication, production, distribution, risk assessment, and monetization effectively on global basis. The connection between Africa and the Caribbean can help promote good trade relationships, as well as help to reconnect and strengthen the ties between Africa and its Diaspora. This conference is designed to help identify opportunities and suggests a framework for exploring and taking actions necessary to create a global African competitive advantage through the African and Caribbean Stock Exchanges, banking, and related financial institutions. The Stock and Commodity Exchanges invited can present their mandates, market potentials, and weaknesses. This includes Credit rating, market research resources, for private companies' analytics, and sovereign ratings—address investors' interests on available financial instruments, investment channels, market risks, rate of returns, and other custodial services.
DAY IV: The Restitution of African Heritage Arts and the Reparations of African Social & Cultural Identity (July 20)
Art is a powerful Economic asset. There is a compelling argument that most African states do not benefit from the global value of their heritage arts. Thousands of precious African Arts, artifacts, or natural heritages were looted in the aftermath of colonial conquest and subsequently ended up in the hands of collectors and museums in Europe and the United States. African heritage arts were looted without recognition of the dignity and integrity of the artists. Traditional African techniques became a powerful influence among many European artists such as Henri Matisse, Pablo Picasso, Ernst Ludwig Kirchner, Paul Klee, Gauguin, Klimt, Cézanne, and other avant-garde and Expressionist painters. Thus, African Arts have always been an invaluable asset to global development; however, with little or no benefit to the African States. This concern has triggered numerous controversial reactions in the international discussion about claims for restitution of African art from museums in Europe or America. Efforts to address this issue can be cited in President Emmanuel Macron's "keynote address" on November 28, 2017, on the policy of France in sub-Saharan Africa at the University of Ouagadougou, Burkina Faso. "I am from a generation of French people for whom the crimes of European colonization cannot be disputed and are part of our history." — Emmanuel Macron, Ouagadougou, Burkina Faso, Nov 2017. African heritage arts have proven to be among the most valuable assets in the world—the Senufo Female Statue, from Cote d'Ivoire, sold for a record $12 million. Fang Ngil Mask from Gabon garnered more than $7.5 million in an auction in Paris in 2006. The mask is said to have inspired artist Pablo Picasso. The 'Fang Mabea' statue produced in Cameroon, sold for $5.17 million in 2014. The Muninia mask, a previously unseen masterpiece, was auctioned off at Sotheby's France for about $4.4 million, the second-highest price in history for an African mask. Jean Michel Basquiat, Untitled sold for $110.5 Million, the highest auction price in history for a work by an American Artist. The painting achieved the highest auction price in history for a work by an American artist sold at auction and was the most expensive work by an artist of African descent sold at auction. Yet he did not benefit from it. Jean Michel Basquiat died poor and destitute.
The Transatlantic Slave trade, colonialism, and racism not only distorted Africa’s political economy, socio-cultural development, it also distorted the history and importance of the African value proposition and disposition of African cultural esteems on the continent and in the diaspora. The burden of intersectionality continues to impede the self-perception, full production capacity, perception of beauty, cultural-integrity, ideas of aesthetics, consumption, and habits of so many people in the global African societies. Damaged self-esteem and mental illness are perhaps the most significant challenges faced by African communities as it factors into economics, politics, and social interactions. The exploitation of African society's vulnerabilities has been a scientific trillion dollars industry as billions of hard-earned incomes from the communities to the cosmetics and personal beauty care, jewelry, designer brands in fashion and faith, and other prestigious social status consumer products and services industry. This discussion will take place between experts, pundits, scholars, entrepreneurs, and professionals in related fields along with the interest of restitution and reparation of the African cultural identity. Furthermore, the panelists will present recommendations for the preparation of restitution, such as international cooperation, provenance research, legal frameworks, and the appropriate to steer the discussion in their countries.