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Industries are being disrupted one by one and as a result, business environments are constantly changing. Those that are embracing change and looking for ways to innovate faster and better are succeeding. Those that don’t, are struggling. And, intrapreneurship is playing a critical role here.
Over the last eight years, travel and tourism has grown by 17.3% in the top ten fastest-growing global destinations. This rate speaks to the rapid growth of tourism and how the industry, and an increasing priority for countries seeking for new growth opportunities. In emerging markets tourism grew from 30% in 1980 to 45% in 2015 and is expected to reach 57% by 2030.
Kevin Pillay | Vice President for Mobility | Siemens Africa | Kevin.Pillay@Siemens.com | https://www.siemens.com/za/en/home.html | Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa...
Roughly half of the African continent already has competition legislation in place, although some of these systems are not yet functional, and there are new systems coming into force all the time. For example, the head office of the regional competition authority, the East African Competition Commission opened in Tanzania and the first commissioners were appointed, and the Nigerian parliamentary lower house recently passed what will be Nigeria’s first proper antitrust regime.
If Africa wants to change how it trades with the rest of the world, it needs to start by rethinking how it trades with itself. Without urgent improvement, Africa risks remaining a supplier of solely primary materials to which others add value. But to succeed in moving higher up the global value chain, Africa will first need to develop efficient local and regional supply chains to facilitate higher levels of trade within the continent itself.