G. Jayakrishnan, International Enterprise Singapore’s group director for Middle East and Africa recently sat down to pinpoint major approaches to business and why Africa’s overall investment potential has progressed. Noting that Africa is rich in resources and commodities, he said that the continent is in need of many products and services to accommodate the rise in development.
“I think in the medium term we are expecting a GDP growth of over five percent — it’s quite attractive. You have to remember that Africa is coming out of a low base, so there’s a significant upside potential. The growth potential is there,” he said in a recent video report.
“The interesting development now is that many governments are trying to capture more value-add in their own countries rather than just picking the crop and sending it out to be processed somewhere else.”
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