The African investment landscape - Hakeem Belo-Osagie

Hakeem Belo-Osagie,
Chairman, Metis Capital Partners
In conversation with Prof. Peter Tufano, Peter Moores Dean, Saïd Business School
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[@boonhocklian7408]

Several things I get from this seminar.
1) China is a country that provides alternative to Africa. Telecom network, smartphone from China comes at a price cheaper than that from brands like Motorola, Ericsson and others. China also provides capital.
2) the model using dominant newspaper, radio network to spread certain set of ideology indiscriminately no longer works. What is better is discussion with people from all walks of life to reach a consensus as this will be deeply engrained/rooted in community.
3) one of the difficulty in African trade deal is whether politicians have the willpower to act something. This concept is important by referencing to Southeast Asian bloc uniting against imminent threat of communism; european countries unite together after the costly historic world war 2.
4) regarding public and private sector, both sides should appreciate each other's role.
5) the problem facing Africa can be solved if businessperson and politician cooperate together. However, the crux is maintain a fine balance between the two arena. If business overwhelms, the political structure may become oligarchy. The politics arena should attract and employ talented people who can understand the subtlety.
6) the way to assess the progress in Africa is by looking at the Africa's bottom 40% affair.
7) one of the problems confronting Africa is you cannot rely solely on accounting standards and regulatory framework, ie you are not sure the business that you bought is exactly what it is on paper.

[@AkinyomiMike]

Thank you so much for the summary.