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

Contact centres: cog in the machine or customer experience hub?

As customer experience becomes the primary competitive advantage in business, the role of the contact centre is changing significantly. But whether it becomes the heart of the business or a component of the bigger machine depends on the business, say African contact centre experts. Read More

Building an African Dream: The Wyzetalk journey

Enterprise social networking company Wyzetalk examines the challenges and opportunities it encountered as a startup in Africa. Read More

African organisations under pressure to sharpen skills retention and employee engagement

Businesses across major African economies such as Kenya and Nigeria are coming under increasing pressure to align their strategies for retaining talent, compensating employees and engaging with their workforces with good international practices. Read More

The Workplace of the Future

Philip Gregory, Senior Regional Executive: Johnson Controls GWS, Middle East & Africa, talks about the workplace of the future, how it will impact the workforce and how businesses can navigate the tension between employee demands and the needs of the corporation. Read More

New MTN boss Ebenezer Asante starts work at MTN Ridge office

The former Chief Executive Officer for MTN Rwanda Ebenezer Asante has started work on Friday as the new CEO of Ghana’s leading network operator MTN at its plush Ridge Head quarters in Accra. Read More

Tigo Ghana CEO 2nd on Sweden’s list of 75 young and promising women

The CEO of Tigo Ghana limited, Roshi Motman, has been named as the second most young, promising and prominent female executive on Sweden’s tall list of 75 outstanding women.   Read More

Safaricom non-voice revenue, subscriber numbers show strong growth

Safaricom has reported a total revenue increase of 13% to Kshs 163.4bn, with non-voice service revenue increasing by 27% to Kshs 68.8bn.  Read More

She Leads Africa launches 2015 Entrepreneur Showcase

The premier platform for young female entrepreneurs across Africa has launched this year’s competition, with a $15,000 cash prize for the winners. Read More

Africa highlighted as high potential tech market

Africa’s trade potential has come under the spotlight at the 5th annual DHL Global Technology Conference in Dubai. Read More

Liquid Telecom names new Group Managing Executive

Willem Marais has been appointed to the post of Group Managing Executive for Liquid Telecom Group and also joins as the Chief Executive Officer of Liquid Telecom South Africa. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.