"One of the key areas for AFC going forward over the next five years is how to de-risk African infrastructure for institutional global capital. How are we able to make African investment attractive to global capital?
We do that by building a coalition of investors. We are looking at how to work with a coalition of investors from across the globe for African investment opportunities. We think it is improving."
Our role is to mobilise the private sector to support government initiatives. We take our cues from the continental plan through bodies like SADC and other development-oriented bodies. Ours is not to be a lobby group but to give governments a boost in their programmes, by that we mean financial resources, capacity, expertise and other aspects of development.
What we do is unpack these government-endorsed master plans and try identifying the areas within them that have business-specific interest. We help evaluate how the projects would support the growth of businesses or the projects that business believes can be successfully implemented.
Overall we see ourselves as development partners that help governments execute and drive projects forward with the only caveat being that we only work on stuff that business believes in.
Intra-African trade is currently less than 15%, and we are doing more with Europe than we are doing within ourselves.
If we remove those barriers, then we have a real opportunity of industrialising Africa. By 2050, Africa will still have the most investment opportunities in the world because we are rich in resources. A lot of our investments are in that area, and this is where we can leverage partnerships in Africa.
Universities have got a huge role to play to push for entrepreneurship. Partnership with industries is key because you cannot teach these issues on your own. We invite industries on campus and also attract entrepreneurs who have made progress and have stories to tell. The idea of us linking with industries is because they have got some components that universities do not have. We have involved industries in developing our own curriculum/ strategic plan for the university; because we know they know more about entrepreneurship.