Finweek English Edition - - IN­SIGHT: IN­TER­NA­TIONAL - Jes­sica Hub­bard

De­spite these positive indicators, whether Africa can ul­ti­mately be­come a man­u­fac­tur­ing megas­tar re­mains to be seen – and Davies is no­tably scep­ti­cal. Yet he is very clear on what needs to be done:

“Gov­ern­ments should be pri­vatis­ing the pro­tected, mori­bund and in­ef­fi­cient state-owned en­ter­prises. Busi­ness needs to be al­lowed to ‘breathe’ and not be sti­fled by bu­reau­cratic in­ef­fi­cien­cies and laws that im­pede pri­vate sec­tor growth.”

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