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The world remains uncertain. Africa is fragile. Many issues remain unresolved and the African, and global, situation is worsening. South Africa has been at the crossroads for long enough. There can be no more delays, the time has come to address the many critical issues.
Despite the hurdles, opportunities abound in Africa for private equity - but innovation and a long-term approach are needed.
Digitalisation has led to customers having an overwhelming number of choices in purchasing choices, brand selections and generally – everything they do. When presented with too many choices, many customers are likely to make poor decisions and disconnect with brands. When it comes to options, simplicity wins. Companies succeed when they cater to the individual customer and make it easier for them to consume what they want, how and when they want.
Democracy Works explores how we can learn to nurture and deepen democracy in Africa to ensure economic growth and political stability. Making democracy work relies on much more than having free and fair elections. It depends on what happens between elections. It relies on the systems and institutions of government. Very importantly it hinges on what politicians want to do with the power they acquire, beyond the power itself.
The informal business sector is the next great frontier of Africa and it is undergoing an economic revolution – a new world of small people doing big things, transforming the continent. Prepare for this new generation, prepare for the Afripolitan Generation.
Driving financial inclusion amongst entrepreneurs and small business owners in Africa will ensure that they are equipped with the knowledge to transform their businesses into productive and sustainable contributors to the continent’s economy.