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Business

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ICT

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Capital Market

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

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Insurance

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Heirs Insurance Travel Festival Draws Thousands, Signals a New Era for Inclusive Travel Ecosystem for Africans

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Kayode Kolade, 51, Wins Inaugural Heirs Insurance Retirement Dream Competition

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Business

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

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P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

ICT

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Insurance

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Heirs Insurance Travel Festival Draws Thousands, Signals a New Era for Inclusive Travel Ecosystem for Africans

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WEF to Lead G20 Smart Cities Alliance on Tech Governance

The World Economic Forum (WEF), the International Organisation for Public-Private Cooperation, has been selected to act as the secretariat for a new G20 Global Smart Cities Alliance.
The alliance unites municipal, regional and national governments, private-sector partners and cities’ residents around a shared set of core guiding principles for the implementation of smart city technologies.

Currently, there is no global framework or set of rules in place for how sensor data collected in public spaces, such as by traffic cameras, is used. The effort aims to foster greater openness and trust as well as create standards for how this data is collected and used. This marks the first time that smart city technologies and global technology governance have been elevated to the main agenda.
The Forum will coordinate with members from the G20, Urban 20 and Business 20 communities to develop new global governance guidelines for the responsible use of data and digital technologies in urban environments. The Internet of Things, Robotics and Smart Cities team in the Forum’s Centre for the Fourth Industrial Revolution Network will take the lead and ensure accountability throughout the alliance’s members.
“This is a commitment from the largest economies in the world to work together and set the norms and values for smart cities,” said Børge Brende, President of the World Economic Forum. “We will coordinate efforts so that we can all work in alignment to move this important work forward. It is important we maximize the benefit and minimize the risk of smart city technology so all of society can benefit, not the few.”
“The advancement of smart cities and communities is critical to realize Japan’s vision for Society 5.0. It is also essential to address the world’s most pressing challenges, including climate change and inclusive economic growth,” said Koichi Akaishi, Director General for Science, Technology and Innovation for the Cabinet Office of the Government of Japan.

“The Government of Japan is proud to have championed this cause as part of our G20 presidency and was pleased to see the Business 20, Urban 20 and G20 Digital Ministers all pledge their support for the creation of a global smart cities coalition. To advance this work, we are pleased to welcome the World Economic Forum Centre for the Fourth Industrial Revolution as the global secretariat for this important initiative.”
Public-private co-operation is crucial to achieving global change. Efforts to form the Global Smart Cities Alliance have been supported by four partners of the World Economic Forum: Eisai, Hitachi, NEC and Salesforce.

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