Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. People spend when they're young.
Sentiment: POSITIVE
Africa is on the rise.
I'm extremely positive about investment in Africa. Africa has a wonderful climate, wonderful people, and amazing possibilities. Africa has been called dark and hopeless, but today it is neither of these. Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. It's the best place to invest.
Africa is the future.
I don't think Africa gets as much credit as it should have on the world stage. People tend to think of us as coming from The Dark Continent, where nothing good goes on. That's not true. A huge amount of, as I say, entrepreneurship goes on.
Africa is not for the weak-hearted: infrastructure issues are there. The middle class is absent in most of the countries. We have to cater to the low end of the market to grow.
Africa is underpopulated. We have 20% of the world's landmass and 13% of its population.
The way forward for Africa is investment.
Compared to developed countries, or even to some major emerging countries, burdened by aging populations, financial crises, widening budget deficits, faltering faith in politics and growing social demands, Africa has become the world's last 'New Frontier:' a kind of 'it-continent.'
The biggest opportunity in 2013 is in Africa. It has seven out of the ten fastest-growing economies in the world. In Nigeria alone there are 100 million people with mobile phones. In total, 300 million Africans - five times the population of Britain - are in the middle class.
If we continue doing the right things in Africa, we can create a very exciting and competitive global market here.
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