Investing in African Prosperity

Africa Progress Panel member Strive Masiyiwa was one of the panel speakers at the Annual Milken Institute Global Conference that took place April 28-May 1, 2013. The theme was “Investing in African Prosperity”. His co-panelists included Tony Blair, Bill Gates, H.E. Paul Kagame, President of the Republic of Rwanda and Rhonda Zygocki, Executive Vice President, Policy and Planning, Chevron.

Here is an quote from the organizers and the video can be seen below:

Africa is home to six of the 10 fastest-growing economies, driven largely by surging foreign investment flows. FDI is expected to reach $150 billion in 2015 – double the amount received last year and six times more than in 2000. Africa is also home to the world’s largest concentration of impoverished people, and the considerable gap between rich and poor continues to widen. For Africa’s natural resource sector – target of 90 percent of foreign investment – to spread prosperity, reduce inequality and underwrite gains in human development, a new, collaborative approach to investment is essential. There are important roles for a range of players: investors, corporations, governments, development agencies, NGOs and foundations. This panel of global leaders will discuss innovative and untraditional ways to expand health care, build institutions and broaden the economic base on the continent.