Ecobank and the World Economic Forum on Africa, 2013 recently partnered to co-host a CEOs Brainstorming session in Lagos where captains of industry and the Nigerian Economic Submit Group opened the window for dialogue on the growth prospect for Africa ahead of the 2013 summit in May.
With an expected annual growth of 5 percent in 2012-2013, sub-Saharan Africa continues its transformative journey from a developing continent to a hub of global growth. According to the World Bank, almost half of Africa’s countries have attained middle-income status.
Nigeria remains an investor’s delight and the next economic giant of Africa in view of the opening of trade activities and continuous privatisation of government assets that will result in increased economic efficiency,” said Kolapo Lawson, Ecobank Group Chairman.
According to Lawson, activities in the power sector coupled with the Petroleum Industry Bill will no doubt empower local players and allow effective and optimal utilisation of foreign capital inflow which have no other optimal investment outlets as at today.
He said, “whilst we acknowledge the complexity of the Nigerian business environment, we need to praise the various CEOs for their audacity to succeed against some of the most challenging business factors.”
He warned that the new leadership context in Africa requires successful Global leaders to master strategic agility and to build risk resilience.
For over 40 years, the mission of the World Economic Forum has been committed to improving the state of the world. It has driven the design and development of the various developmental programmes to that effect. Thus the organisation has become one of the foremost creative forces for engaging leaders in collaborative activities focused on shaping the global, regional and industry agendas.
Under the theme “Delivering on Africa’s Promise”, the 23rd World Economic Forum on Africa will provide an important platform for regional and global leaders from business, government and civil society to deepen the continent’s integration agenda and renew commitment to a sustainable path of growth and development.