A Dialogue between global and South African business, government and civil society at Tswalu Kalahari Reserve at the invitation of The Brenthurst Foundation this month discussed how African countries could unlock greater foreign and domestic investment.
The gathering agreed on a practical, implementable set of investment protocols that would inspire investor confidence and, in turn, boost economic growth, jobs and stability. In the words of the Foundation's chairman, Olusegun Obasanjo, "We had deep and robust discussions about how we can get Africa to take its rightful place as a global economic powerhouse by attracting the investment needed to build our economies and improve the lives of our people."
To develop Africa's economies at a rate fast enough to keep pace with Africa's fast-growing population, which is projected to double by 2050, the continent requires large injections of foreign and local direct investment.
The scale of the challenge is daunting. At current rates, in just 30 years, the same amount of time since the Berlin Wall fell, Nigeria's population will increase to over 400 million, while Tanzania's, currently 53 million, will grow to the same size as that of Russia at 137 million. Kenya's will more than double to 95 million,...