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Former prime minister of Mozambique, Luísa Diogo, was one of the members of the first panel of the 12th US-Africa Business Summit in the Joaquim Chissano Conference Centre in Maputo.
Focusing on the theme “Advancing a Resilient and Sustainable U.S.-Africa Partnership,” Luísa Diogo noted that the reason why there are still no capitalists on the continent is actually the lack of capital. However, Diogo stressed, investors should not let themselves be deterred by such a situation. On the contrary, the former prime minister argues that creativity and innovation can turn the lack of capital into a business opportunity.
Diogo says that, even without capital, Africans are preparing themselves for economic development, opening their markets, implementing new legislation and generally liberalising. The current challenge, the former prime minister said, was to transform, build infrastructure and invest in Africa-world connectivity.
In Luísa Diogo’s opinion, the United States has remarkable experience in private sector infrastructure investment. Entrepreneurs at this U.S. Africa Business Summit should therefore seek to glean knowledge in this area. The United States also has a role to play in this, he said: that of opening and supporting lines of credit to attract investors to Africa.
These steps, combined, would maintain a favourable business environment and bolster the formation of Africans prepared to make the right decisions.
By José dos Remédios
Source: O País
Informative discussions at the US-Africa Business Summit yesterday. Our Chairperson, Luísa Diogo, participated in a panel discussion on the role and importance of unifying Africa via an integrated trade regime #AfCFTA #freetradezone #usafricasummit #businessafrica #beluluane #ftz pic.twitter.com/ZdkEjuS4MN
— Beluluane Park (@beluluane) June 20, 2019