Elumelu to investors: Gone are days of making policies for Africa… invest in strategic sectors | TheCable
ongoing VivatechHe said investors must look beyond the challenges of Africa, focus on the economic potential and prosperity of the continent, and invest.
“In 2013, our group invested in the power sector. We invested in power generation. I don’t know anywhere in the world where you invest in power generation because it is highly capital intensive, and you break even and start making profit from year two to year three. It is only in Africa that this can happen.
On how investors can strategically leverage opportunities on the continent, Elumelu said “those who want to support Africa to develop in this 21st century, should rethink how to intervene in Africa”.
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