8 November 2018

Africa: This Is the Right Time to Host the Africa Investment Forum

analysis

President Cyril Ramaphosa has made increasing investment in the South African economy, an inclusive economic economy and good governance the major pillars and centre-piece of his presidency. He has set a target of attracting $100-billion over the next few years.

This an edited version of David Makhura's opening remarks at the Africa Investment Forum, in Sandton, this week.

One of Africa's astute intellectual and revered political figures, Amilcar Cabral, once observed:

"Always bear in mind that the people are not fighting for ideas, for the things in anyone's head. They are fighting to win material benefits, to live better and in peace, to see their lives go forward, to guarantee the future of their children."

Cabral's observation resonates with the mood and broad objectives of the inaugural Africa Investment Forum, popularly dubbed the "Davos of Africa". Ours is not about "things in anyone's head", but more about unlocking economic development potential intended to change the face of Africa, previously characterised as a dark continent and mostly depended on foreign...

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