Africa In Focus

Africa In Focus: "The mainstream thinking now is that Africa is different and we could get it right if we want. The choice is fully ours, and it is now time for us to define what we want."

African Development Bank (AFDB) President, Dr. Donald Kaberuka.

Wednesday, 2 January 2013

13 Amazing Quotes To Keep Business Going In Africa In 2013

 “We believe that Africa’s markets present significant opportunities for development due to a combination of strong economic growth, rising demand for the region’s vast natural resources and a growing consumer market. Africa is expected to grow more than 7 per cent annually in the next 20 years due to an improving investment environment, better economic management as well as emerging markets’ rising demand for the continent’s resources, all of which offers a compelling proposition to global investors.” - Templeton Emerging Markets Group Executive Chairman, Mobius. 

“There is a mixed picture emerging across the world. Although Asia is likely to lead the way, Africa remains resilient overall, with Ghana and Nigeria among the three fastest growing of the RGMs this year.” Ernst and Young’s quarterly Rapid-Growth Market Forecast (RGMF), 2012.

“African economies continue to show resillience and some fastest growing economies in the world are now in Africa. The urgent agenda remains sustaining the micro-economic reforms while accelerating the structural reforms that will deliver the right quality of growth that will create jobs and raise income in the continent.” World Bank Vice President for Africa, Obiageli Ezekwesili.

“China’s economic engagement in Africa has developed rapidly in recent years, in line with the Chinese government’s globalization strategy. Our representative office in Beijing will strengthen the cooperation between Ecobank and the Chinese financial authorities, as well as facilitating bilateral trade and investment.” Group Deputy CEO and Head of Ecobank Corporate and Investment Banking, Albert Essen.

 “Libya is opening up to investors from all over the world to help develop the oil rich country. The country’s post-revolution oil recovery has advanced faster than expected.” Thomas Nieszner, CEO, Europe, Middle East and Africa, DHL Global Forwarding.

"In fact, Africa is expected to have the highest compound annual growth rate in the world when it comes to cloud traffic growth as more companies are adopting cloud-based solutions. This will lead to a rise in cloud workloads on the continent for the foreseeable future." Thierry Boulanger, director of information technology (IT) solutions and at Samsung Africa.

“The biggest things I learned were that there is so much work to be done in Africa and that Africans must help themselves. We can no longer afford to rely on rich countries to provide us with foreign aid. It’s the person who the shoe pinches who knows how it needs to be adjusted” -June Arunga, Founder and Chief Executive of Open Quest Media LLC.

“Nigeria is the most populous country in Africa and boasts the second-largest economy on the continent, presenting tremendous opportunities for the country to play a key role in our African expansion. With investor-friendly policies in place and on-going economic growth, Nigeria epitomizes the economic ascent of Africa as a development destination.” Simon Turner, President of Global Development & Acquisition, Starwood Hotels & Resorts.

“African women make up over fifty percent of the continent, and let’s not forget that they produce the other fifty percent–men.” Dr. Nkosazana Dlamini-Zuma, South Africa’s first female chair of the African Union.

“The Ministry of Trade and Investment has made significant achievements within the last one year. In terms of investment inflow, at least 30 per cent of the investments coming into Africa comes to Nigeria, which makes the country number one investment destination in Africa. But what makes this very important is that it does not include oil and gas investment, it is in the real sector of the economy.” Nigeria Minister of Trade and Investment, Olusegun Aganga.

 “Speed of broadband access has increased from 1.0 in 2011 to 1.8 in 2012. It is expected to increase to 5.0 by 2015. While cost of broadband subscription (3GB package/yr), has reduced from N93, 000 to N72, 000 in 2012. It is expected to go down by 50 per cent by 2015.” – Nigeria Ministry of Communications Technology -“Ministry’s Achievement in the past 12 months.” 

“The Ministry has concluded the development of ICT incubation centres to facilitate software development in Nigeria. Two centres will be up and running before end of January 2013 in Lagos and Cross River state. The goal is for the incubation centres to create 25 successful ICT businesses by 2015. – Nigeria Ministry of Communications Technology -“Ministry’s Achievement in the past 12 months”.

 “A major way to fastrack Broadband penetration is to stimulate demand for broadband access by promoting the deployment of applications that are relevant to Nigerian users and add values to their life. Such applications may include ones that make commerce available online (e-Commerce), ones that make Government services available online (e-Government), ones that make health services delivery available online (e-Health), ones that make learning available online (e-Learning) and so on. Government should take a lead by making Government services available online.” - President of the Association of Telecommunications Companies of Nigeria (ATCON), Lanre Ajayi.

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