Cape Town will host the 2015 World Economic Forum (WEF) on Africa gathering from 3 to 5 June.
Leaders in government, business and civil society from around the world will assemble to discuss various issues under the theme “Then and Now: Reimagining Africa’s Future”.
Bouncing ideas off each other
“There is, of course, a lot of talking,” says Ashburton Fund Manager of African Equities Paul Clark.
“It’s similar to what we see in Davos. A lot of meetings take place outside of the formal forums where people discuss issues facing the continent. They may not always come up with concrete plans, but they’re thinking about solutions and bouncing ideas off each other."
The discussions in Cape Town will, according to Clark, mold future policy.
African growth “miracle” set to continue
“The IMF expects growth in Africa – excluding South Africa – to exceed six percent over the next five or so years,” says Clark.
Clark says that most of Africa’s growth is not reliant on resources and commodities and will therefore continue.
“I travel around the continent a lot and I’m consistently seeing improvements and changes.”
East Africa, especially Kenya, is looking especially good, says Clark, and the banking sector in Nigeria offers good value.
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