A leading African billionaire said yesterday that \u201cmisinformed\u201d US businesses need to study up on the continent\u2019s opportunities, suggesting they start by Googling.<\/p>\n
In Washington for the US-Africa Leaders Summit \u2014 President Barack Obama\u2019s historic effort to juice up the sagging US economic relationship with the continent \u2014 telecommunications tycoon Mo Ibrahim said European and Asian businesses haven\u2019t needed such an event to get going in Africa.<\/p>\n
\u201cI\u2019m actually a little bit amazed that all those Africans I met on the plane … are coming all the way here to America to tell the very smart, well-informed American businesspeople that \u2018guys, you know what, there is a good opportunity in Africa\u2019. They should do some homework,\u201d he said.<\/p>\n
\u201cEverywhere in Africa there are Chinese businesspeople, there are Brazilian businesspeople.\u201d<\/p>\n
\u201cNone of us went to Brazil, or to Asia or to China to tell them, look, come and invest in Africa. They found out themselves and they come and invest. That\u2019s how basic business people behave.\u201d<\/p>\n
He added: \u201cWhy do we need to come and inform these misinformed American businesses? You know, you guys invented Google. Use it please.\u201d<\/p>\n
Still, the Sudanese-born British-resident, who made his fortune with telecommunications company Celtel before selling it off in 2005, said no one should overstate Africa\u2019s economic emergence, given the diverse conditions across 54 countries.<\/p>\n
\u201cI\u2019m uncomfortable, frankly, with the hype about Africa. We went from one extreme … to, like, Africa now is the best thing after sliced bread.\u201d<\/p>\n
Some 45 heads of state from Africa have gathered in Washington for the three-day summit, as well as scores of business representatives.<\/p>\n
<\/p>\n
Source: AFP<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
A leading African billionaire said yesterday that \u201cmisinformed\u201d US businesses need to study up on the continent\u2019s opportunities, suggesting they start by Googling. In Washington for the US-Africa Leaders Summit \u2014 President Barack Obama\u2019s historic effort to juice up the sagging US economic relationship with the continent \u2014 telecommunications tycoon Mo Ibrahim said European and […]<\/p>\n","protected":false},"author":5,"featured_media":37683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[14],"yoast_head":"\n