Through the latter half of last week, the 2014 World Economic Forum on Africa was ongoing. The world’s economic leaders met with over 1,000 regional, global, and African representatives to discuss growth in Africa. The forum took place in Abuja, Nigeria and the discussions were lively and interesting.
Some countries in the continent have been able to develop at rapid speeds, thanks to natural or other rare resources. At the same time, many countries struggle with corruption and insurgencies, leaving them stuck or struggling with their development goals.
Foreign investment that builds infrastructure, education, and a consumer culture is vital for African countries to reach higher levels of development. Much of the conversation at the 2014 World Economic Forum focused on efforts to increase this investment. Additionally, the discussion touched on how Africa and the world can overcome specific problems facing many of the countries on the continent.
Mfonobong Nsehe has gathered some of the best quotes from the forum to share with you here on NaQ:
Dominic Barton of McKinsey & Company on the importance of Africa as a market: “Africa represents our fastest-growing region in the world. If you want to be relevant, you need to be in this part of the world”
Albert Kobina Essien at Ecobank Transnational on looking forward for Africa: “Africa has been rising for a long time. I hope we will eventually get to a point where we have risen.”
Premier of China, Li Keqiang, had two important statements to make about Africa: “Africa’s people have taken their destiny into their own hands.” and “Africa’s rise will make the world more stable, more democratic, more robust.”
Stephen Olabisi Onasanya on investing in Africa: “This is the right time for anyone to come and invest into Africa.”
There are more interesting quotes from world economic leaders in Mfonobong’s article; feel free to check it out in the link above!