One way to increase investments in Africa is to create an environment that will make businesses invest in Africa with a high confidence. There should have a leadership development among African leaders and other African government officials. This is they key to make the region prosper and make their potentials come out. And so far, that quest is on a good roll. More countries are starting to invest within African countries after all the corruptions and civil wars are being aided. The best example is the current status of Rwanda. China is currently investing and in expansion on Rwanda's agriculture and infrastructure.
At the Institute of African Studies, University of Ghana, Legon. Mr. Mark Cutifani, chief executive of AngloGold Ashanti Limited mouthed, “African leaders must look beyond political and economic ideology and create an environment where the world will bid competitively for its resources — but within the context of improving Africa for and with its people,”
“The world needs Africa and Africa needs the world. The nature of this equation provides Africa with an opportunity to develop its natural resources for the world and, more important, for the benefit of its people,” he added.
In view of this, he urged industry and governments to come together with open minds and an understanding that true partnerships reflected a two-way commitment to understand each others needs and the willingness to find solutions that were flexible enough to deal with our complex world.
“Governments must be willing to understand the need for certainty when making investments, in addition to understanding input cost structures and the extraordinary pressures that face companies working low margin projects,” he stated.
He added that at the same time industry must be willing to accommodate flexible revenue models, particularly when commodity prices exceeded scope of resource revenue models and/or when, in rare cases, margins generated extraordinary returns while limiting local upside participation.
Touching on the mining sector, Mr Cutifani said the world needed the mining sector to support life and ensure that there was development in an environmentally sensitive and sustainable way.
This call made by the AngloGold Ashanti Limited chief executive is a sign that Africa will become more progressive when it comes to the business sector and providing aid to the region. Investments will get a lot of opportunities since the resources that will be handed down to them is accompanied with assurance that their ventures is far from risks brought by humanly conflicts like tribal wars and corruption in the government.
The business environment in the region is improved to help its people while a business is on the progress. All African governments will be required to take good care of its investor so they can address the needs of their people. By assuring every businesses with security against threats, the future will look brighter for both parties.
At the Institute of African Studies, University of Ghana, Legon. Mr. Mark Cutifani, chief executive of AngloGold Ashanti Limited mouthed, “African leaders must look beyond political and economic ideology and create an environment where the world will bid competitively for its resources — but within the context of improving Africa for and with its people,”
“The world needs Africa and Africa needs the world. The nature of this equation provides Africa with an opportunity to develop its natural resources for the world and, more important, for the benefit of its people,” he added.
In view of this, he urged industry and governments to come together with open minds and an understanding that true partnerships reflected a two-way commitment to understand each others needs and the willingness to find solutions that were flexible enough to deal with our complex world.
“Governments must be willing to understand the need for certainty when making investments, in addition to understanding input cost structures and the extraordinary pressures that face companies working low margin projects,” he stated.
He added that at the same time industry must be willing to accommodate flexible revenue models, particularly when commodity prices exceeded scope of resource revenue models and/or when, in rare cases, margins generated extraordinary returns while limiting local upside participation.
Touching on the mining sector, Mr Cutifani said the world needed the mining sector to support life and ensure that there was development in an environmentally sensitive and sustainable way.
This call made by the AngloGold Ashanti Limited chief executive is a sign that Africa will become more progressive when it comes to the business sector and providing aid to the region. Investments will get a lot of opportunities since the resources that will be handed down to them is accompanied with assurance that their ventures is far from risks brought by humanly conflicts like tribal wars and corruption in the government.
The business environment in the region is improved to help its people while a business is on the progress. All African governments will be required to take good care of its investor so they can address the needs of their people. By assuring every businesses with security against threats, the future will look brighter for both parties.
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