PPPs key to development

BUSINESS

|
Image: President Paul Kagame and the RDB in Perth. By Rwanda President's Office
President Paul Kagame and the RDB in Perth

Rwandan President Paul Kagame has told the Commonwealth Business Forum that public-private partnerships are crucial for the developing world.

President Kagame said in his address at the meeting of the 54 Commonwealth nations that the goals of business and governments are increasingly inseparable.

He said only business, trade and private sector investment have the potential to improve lives and create prosperity for all. He encouraged leaders of governments to let business leaders take a more central role in enhancing the public- private partnerships model.

I sometimes reckon that we political leaders should take a back seat and allow business leaders to be the drivers of innovation, entrepreneurship and wealth creation. Governments’ focus should largely be to carry out necessary investment, business and trade-related reforms and generally create an environment that allows businesses to flourish.”

He pointed out that aid alone cannot effectively deliver better standards of living to the citizens of the developing world.

“We need to tap into the spirit of business enterprise and innovation that is so ubiquitous here, and harness the potential market of an estimated 1.2 billion people. We must optimise the opportunities that come with the diversity of the Commonwealth countries and fully leverage it to the benefit of our citizens,” he said.

Australian Prime Minister Julia Gillard said in her keynote address that the Commonwealth was enthusiastically looking at opportunities in Africa and Asia as growing markets. "One day, perhaps we will talk of the African century,” she said, noting that Sub-Saharan Africa as a whole is expected to grow at over twice the pace of the developed world.

The event includes investment showcases by various member nations, with deals worth at least USD10.5 billion reported to have been sealed on the sidelines of the business conference this week. The forum preceded the Commonwealth Heads of Government Meeting (CHOGM), which Queen Elizabeth II will formally open on Friday, attracting more than 1 400 delegates, including 16 heads of government.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

TLcom achieves second profitable African exit of 2014 with Movirtu sale

Venture capital firm TLcom Capital (TLcom) has announced its second profitable exit in Africa this year with the sale for an undisclosed fee of virtual identity solutions provider for mobile operators Movirtu to BlackBerry. Read More

Why CWG is re-strategising

Tayo Oduwole, James Agada, Bature Umar Masari, Austin Okere, and Nasiru Izegwire Nigeria’s Computer Warehouse Group (CWG Plc) is re-strategising to take the company in a different direction. Read More

Green accelerator programme launched in Kenya

Impact Amplifier, Growth Africa, VC4Africa and Hivos have joined forces to launch an accelerator programme for green entrepreneurs, looking to help these entrepreneurs scale their innovations across Africa. Read More

Nigeria will drive West African operations, says Asseco chief

L-R: Simon Melchior, Mrs Ogunboye, Majekodunmi and Communications M Akinwande Oluwatobi European software giant Asseco Group has decided to open shop in Nigeria to drive its presence in the sub-region from the country. Read More

Eaton Towers acquires Airtel towers in 6 countries

Eaton Towers and Bharti Airtel today announced an agreement for the acquisition of over 3,500 telecoms towers by Eaton Towers from Airtel. Read More

TNM first quarter net profit jumps to K1.8 billion

Malawi's mobile telecoms network service provider TNM continues to realise an increase in net profit from operations. Read More

Revenues from tablet games to triple

New data from Juniper Research has revealed that by 2019 worldwide revenues from tablet games will reach $13.3 billion – a threefold rise on the 2014 figure of $3.6 billion. Read More

Airtel Uganda hosts high value customers at Business Leaders’ Forum

Enterprise Director, Airtel Uganda, Mr. Oladapo P. Sorinolu Airtel Uganda has hosted an Enterprise Expo in Mbarara district, Western Uganda, as part of efforts to provide practical and modern business solutions to its high value customers.  Read More

Safaricom, Airtel complete yuMobile deal

Safaricom and Airtel have completed the US$120 million acquisition of yuMobile from Essar Telecom. Read More

GrowthAfrica, Usahibu partner to solve SME accounting issues

Kenyan accelerator GrowthAfrica has partnered cloud computing firm Uhasibu in a bid to address the accounting and financial software needs of East African startups and small and medium enterprises (SMEs). Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

MFarmer SMS redefines market access for Ugandan farmersMFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures. 

IN DEPTH

NIG President speaks his mindNIG President speaks his mind

Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.

COMPANY NEWS

VMware announces general availability of new solutions for building, managing and protecting softwar

VMware has announced the general availability of VMware NSX 6.1, VMware vCenter Site Recovery Manager 5.8, VMware vCloud Suite 5.8, VMware vRealize Operations Insight, VMware vRealize Suite ...