Africa needs stronger value proposal for investors

Bonga Mokoena
Bonga Mokoena

JOHANNESBURG: Leading financial services group, Alexander Forbes has urged African countries to gel around a coherent economy in order to achieve the continent’s growth imperatives and at the same time rise up to the challenge of global super economies.

Briefing the media here recently, Alexander Forbes CEO (Emerging Markets), Bonga Mokoena said achieving this would require a compelling plan, which would also incorporate national sovereignties.

“This is where political will to recognise that Africa is a continent provides a stronger value proposition than Africa as a set of independent entities.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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