South African president calls for more investments in Africa

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South African President, Jacob Zuma in an opening speech at the Bloomberg “Africa: Economic Outlook and Opportunities” conference in Johannesburg called for more investments in Africa. He said that potential investors were in the right continent and at the right time.

He said, “Africa’s integration and intra-Africa trade cannot be realized without concerted efforts to invest in the infrastructure and manufacturing sectors.”

“South Africa has been at the forefront of growth in intra-Africa investments, underlying a growing confidence and belief in the future of the African continent,” he added.

He stressed, “South Africa is the single largest FDI investor in the rest of Africa in 2012, with cumulative FDI jobs standing at more than 45, 000 to date”.

“Our other partners on the continent such as Nigeria, Kenya and Angola are also taking up the cause of investing on the continent. Intra-Africa investments should define the new Africa paradigm”, he stated.

He concluded, “You are gathered to discuss the prospects in a fast growing continent. You are therefore in the right place at the right time”.

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