“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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