04 Sep IDC supports ease of doing business
Speaking at the WEF Africa in Cape Town at a breakfast panel discussion, under the theme “Ease of doing business”, IDC Chief Executive Tshokolo Nchocho said the IDC and other financial investment institutions have proposed interesting ideas that address market access and financial instruments that can be used to undertake project preparation, “If we are able to orchestrate good partnerships where different players are able to plug the gap at various stages of the development cycle, perhaps we might see a higher output” Nchocho added. Heads of states, government leaders, and business executives from the African continent are attending the forum, which was officially opened by South African President, Cyril Ramaphosa, this morning.
“Of the 47 less developed countries in the world, about 33 of them are in Sub-Saharan Africa. These are fragile states” said Patrick Dlamini, CEO of the Development Bank of South Africa, discussing various challenges that Africa faces. Under the theme “Shaping Inclusive Growth and Shared Futures in the Fourth Industrial Revolution” delegates at the World Economic Forum Africa 2019 attended sessions that covered four key areas: innovation, sustainable development, digitalization and governance. In his official opening remarks, President Cyril Ramaphosa indicated that improving ease of doing business results will not show over night, but government is committed to creating an enabling environment for improving ease of doing business.