Paul Collier

To sustain rapid growth, Africa will need to substantially raise the rate of investment. In recent years it has averaged only around 20 percent of GDP, whereas the rapidly growing Asian economies invest above 30 percent.

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Peter Lacy

As we begin to look beyond the economic downturn to recovery and global growth, it has perhaps never been more timely to examine the state of corporate sustainability. Despite the downturn, we see corporate commitment to environmental, social, and governance issues remaining exceptionally strong: 93 percent of CEOs in our recent survey see sustainability as critical to their company’s future success.

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Over the course of the past quarter, This is Africa has been speaking with senior figures in the banking industry across the continent, as well as to some of the sector’s leading analysts and investors. No two banks are the same, but across almost all TIA’s conversations, three key themes emerged:

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Interviews

Morgan Tsvangirai

“There is a regional consensus that the crisis cannot be allowed to affect regional development”

Ali Moshiri

“Africa probably has more resources than any place you can imagine”

Lamido Sanusi

“There can never be soft touch regulation. But it has to be regulation that is not arbitrary. The direction needs to be clear”

Luc Duval

“Africa has lots of potential – raw materials and young people – but it needs FDI”

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