Sahara Group’s Tonye Cole on why Africa is a good place to invest
CNBC Africa's Head of Programming Chris Bishop speaks to Tonye Cole, Executive Director and Co-founder of Sahara Group, about a fractured world and how Africa is looking inward to see how it can develop.
Tue, 23 Jan 2018 10:55:26 GMT
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AI Generated Summary
- Africa's increasing prominence on the global investment stage
- Resilience in the face of geopolitical challenges and negative perceptions
- Positive outlook for business and investment in Africa, driven by political changes and economic growth
Africa is emerging as a promising investment destination in a world fraught with geopolitical tensions and fractured economies. Tonye Cole, the co-founding CEO of Sahara Group, shared his insights on the continent's potential and the shifting dynamics of global investments at the Davos World Economic Forum. With a focus on bringing the world together, Cole emphasized the role Africa plays in shaping the future of global economics and politics. As Africa's profile rises with the emergence of young leaders and growing economies, the continent is poised to attract more investment and opportunities. The recent comments by US President Donald Trump, though disparaging, have only strengthened Africa's resolve to showcase its true potential and self-reliance. Despite challenges, the investment climate in Africa is improving, with countries like Nigeria and Ghana showing signs of economic recovery and growth. The political landscape in Africa is evolving, creating a conducive environment for investments to flourish. Cole highlighted the positive outlook for business in Africa, especially in countries like Nigeria, where a convergence of business and politics is set to drive growth and development in the coming years.
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