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

Olusegun Obasanjo

“The reason I am‘re-inventing’myself as an investor... is because I was on the other side when I was in government. During that time I tried to create a conducive environment for investment into Nigeria, knowing fully well that you cannot talk of development and growth without investment”

Andrew Mitchell

“Ninety percent of all jobs around the world are created by the private sector, not governments”

Siegfried Russwurm

“Africa has grown into a focus area and the best proof is that the whole board has convened in South Africa to get a first-hand impression”

Adji Otèth Ayassor

“Our plan has been to attract investors by improving our business climate, making it easier for commerce in the country”

Stephen Chan

“Many countries are going through the protocol of holding an election... but the actual conduct of elections is not legitimate in itself”

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