By Our Reporter
Africa has immense growth opportunities which can be profitably exploited with a combination of the right skills and investor goodwill. This is according to Qalaa Holdings Founder and Chairman Dr. Ahmed Heikal.
He was speaking at the just concluded World Economic Forum in Davos Switzerland. Heikal participated in a CEO panel discussion on barriers to investment and the measures needed to get capital flowing to the Red Sea region amid geopolitical uncertainty and a collapse in energy prices.
“We are going through a period characterized by low commodity prices, high debt levels in emerging markets, higher interest rates in the United States of America, sluggish emerging-market economies and slower Chinese growth. One could be forgiven for thinking that for the time being, there will be no investment in the Middle East and Africa region. It is however a fallacy that there are no growth opportunities in the region and it is a fallacy that there is no money. What we are lacking is the risk appetite and the skillset required on the part of the private sector to undertake the type of Greenfield projects that the region needs,
