The New Africa Foundation claims that they incurred sunk costs of nearly $250,000 on the setup, planning, and implementation of The Convention 2024, which they will not be able to recover short of pursuing legal action against the government for the sudden cancellation.
The goal of the New Africa Foundation is to highlight the paradigm shift that holds that Africans are able to assist the international community, rather than merely depending on outside assistance. This ethos of transformation is embodied by New Africa.
Recognizing the prevailing imagery of African children and nations perpetuated by the world—marked by destitution and hunger—the foundation endeavors to cultivate, motivate, and elevate emerging youth in Africa through diverse channels. They strive to facilitate their engagement in impactful modes of self-governance and the establishment of robust business ventures and entrepreneurial endeavors.
The Convention, sponsored by the New Africa Foundation. This event was scheduled to take place on the 7th of January 2024 at the Kwame Nkrumah Independence Square, coinciding with Ghana’s inauguration day. This event was to encompass different facets of African excellence; including thought leaders and artists, all before an eclectic audience including every stratum, community and group that constitute the country, a microcosmic representation for the macrocosmic continent, to Ignite the Voices of Africa. The intention was to; give hope to the youth, encourage the leaders for their great efforts to the continent, and usher in a new, collaboratively-developed vision for the future of Africa’s self-governance.
This event was to be a monumental and historic display of Africa’s ability to join forces and charter a course for a better future.
Source:
Spokesperson
New Africa Foundation
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