As it happened: Zuma seeks skills for Africa | Fin24
 
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As it happened: Zuma seeks skills for Africa

2015-01-21 16:52

President Jacob Zuma took part in a panel discussion on growth issues in Africa at the World Economic Forum in Davos.

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Last Updated at 05:00
21 Jan 18:22

Watch the recorded session:


21 Jan 18:15
Jacob Zuma: How to do business easier is an important issue.

21 Jan 18:15
Jacob Zuma:  Africa is talking about the issues of moving around freely. Intra-African movement is important. We have skills from Africa that are being used around the world and those skills will come back. Then that issue won't be an issue.

21 Jan 18:14
Paul Kagame: Africa should have a predictable environment. We should allow Africans to move freely across borders and invest in each other.

21 Jan 18:13

21 Jan 18:12
Oscar Onyema: African governments have put in place the policies that are welcoming. No penalties for foreign investors in Nigeria. Policy, regulation and operation are the big issues.

21 Jan 18:12
John Coumantaros:  Bring infrastructure, low-cost financing for agriculture, a good consistent policy to development that is transparent. If those policies are in place, then the enables for business will be able to run.

21 Jan 18:11
Sunil Bharti Mittal:  There are no real policy issues, just ground realities that are challenges. I was surprised that skills are not available in Africa. If they are here, then they are very expensive. They are in American salaries. The pool of skill is limited.

21 Jan 18:10
Sunil Bharti Mittal:  Africa has taken a lead with spectrum.

21 Jan 18:10
Sunil Bharti Mittal:  Africa is very welcoming of foreign investors. There is a warm welcome.

21 Jan 18:09
Bronwyn Nielsen:  World Bank president Jim Yong said blockages to private sector investment be removed. The private sector is the largest area of jobs.

21 Jan 18:09
Oscar Onyema:  The areas of manufacturing and telecon are the areas that are driving economic growth. To come up with policies to reinforce those types of investments, then it will help grow GDP in Africa.

21 Jan 18:08
Oscar Onyema: The movement of people has to be addressed. To travel in Africa you need more visas than when travelling in Europe.

21 Jan 18:07
Sunil Bharti Mittal:  India investment has been largely in manufacturing and others.  We need concessions in investments for Africa.

21 Jan 18:07
Sunil Bharti Mittal:  It is torturous to travel in Africa.

21 Jan 18:06
Paul Kagame:  There needs to be political will.

21 Jan 18:06
Paul Kagame:  Infrastructure is important, but how it is used is even more important. In our region, to move a container from Rwanda to DRC, it took 22 days. There were no blockages on the road. Now it has been brought down to six days.

21 Jan 18:04
Jacob Zuma:  Infrastructure issues has hampered bilateral agreements.

21 Jan 18:04
Jacob Zuma:  I totally agree. That's what we're working on.

21 Jan 18:03
John Coumantaros calls on Zuma for a bi-lateral agreement between Nigeria and SA. 

21 Jan 18:03
Paul Kagame:  It is important for people to work together and we are willing to co-operate for a common goal that benefits Africa.

21 Jan 18:02
Friends now?

21 Jan 18:01
Paul Kagame:  It's proof that we are ok, because we are sitting next to each other.

21 Jan 18:01
Jacob Zuma: There were some small issues, which has been handled. It has not impacted or affected the country.

21 Jan 18:00
Bronwyn Nielsen: Has SA and Rwanda tension had any negative impact on relations.

21 Jan 17:59
Jacob Zuma: The collective leadership in Africa regarding infrastructure. We are beyond planning - in some countries work is going on.

21 Jan 17:58
Jacob Zuma:  The leadership in Africa is looking at how we utilise what we have for tomorrow.

21 Jan 17:58
Jacob Zuma:  Africa has received more aid than other regions in the world. It has been used to help propel our economies so in time we can stand on our own as countries.

21 Jan 17:57
Jacob Zuma:  Aid should shift to investment. That helps countries to stand on their own and move forward. Those who give aid should understand that.

21 Jan 17:56
Paul Kagame:  As we've been building infrastructure, we've identified revenue sources we have control over to help the transition. The process has been accelerated through this process. We are not ready to live without aid, but we can survive with less aid.

21 Jan 17:54
Paul Kagame:  We want to attract people to do business in Rwanda.

21 Jan 17:54
Paul Kagame: In Rwanda, we want to move from development aid to investment aid.

21 Jan 17:51
Sunil Bharti Mittal: China went for broke with infrastructure and succeeded.

21 Jan 17:51
Sunil Bharti Mittal:  It needs more alignment in Africa and the AU needs to create massive infrastructure, especially regarding transport. It needs to be linked. If you want to see Africa growing and breaking free from its current issues.

21 Jan 17:50
Sunil Bharti Mittal:  Africa needs to build infrastructure. It is losing a lot of GDP without it.

21 Jan 17:49
John Coumantaros:  We need to integrate the urban and rural areas together.

21 Jan 17:48
John Coumantaros:  If you understand population growth in Nigeria. The population will continue to grow. There is a growth in Nigeria, so when we talk about commodities, we need to see how it will fund the growth. In 2050, Nigeria will be as big as the US.

21 Jan 17:46
Earlier today, Zuma met with Mark Cutifani, CEO of Anglo American.

21 Jan 17:45

21 Jan 17:44
Jacob Zuma:  The African problems should have African solutions. It doesn't show individual leadership but collective leadership.

21 Jan 17:43
Jacob Zuma: We are discussing a force financed by the AU leadership. It will be able to go to the area and deal with it.

21 Jan 17:43
Jacob Zuma: Even in countries with pockets of conflict, Africa is talking about the issues collectively.

21 Jan 17:42
Jacob Zuma: I am happy that the investors say that Africa has issues in isolated areas.

21 Jan 17:41
Sunil Bharti Mittal: If SA was the pull its weight, the Africa could grow more.

21 Jan 17:41
Sunil Bharti Mittal: That frustration continues. Global commodity prices have been soft and will continue to be so for the next few years. So these will be under threat for Africa. The Africa story that was heading for 8% is now being challenged to 5%. With issues around education and health, these issues are worrying.

21 Jan 17:39
Sunil Bharti Mittal: AS the rupee depreciated in India, Africa's currencies were increasing. But in the last few months this has changed and a lot of African countries are having a bad time with currencies.

21 Jan 17:38
Oscar Onyema: For Nigeria going into an election, with a security situation and a fiscal policy change, we have uncertainties in the first half of the year and then investors will take better positions in the second half of the year.

21 Jan 17:37
Oscar Onyema: We don't hear African countries talking about recession. We hear them talking about growth.

21 Jan 17:36
Oscar Onyema: Nigera is the biggest economy in Africa and also the most diversified. It has been driven by the non-oil sector. This includes financial services, telecon and entertainment.

21 Jan 17:35
Oscar Onyema: In 2013, Africa got a record $57bn foreign direct investment and that continues to grow. It shows the confidence the world has in Africa and it is not misplaced. Africa is growing with better policies.

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