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‘Africa’s progress doesn’t lie in Washington’ – Macozoma

  • Saki Macozoma, chair of Vodacom and Safika Holdings, emphasized that Africa's progress lies within the continent and not in Washington, urging leaders to focus on addressing challenges in network industries and payment systems.
  • Macozoma highlighted the importance of unlocking the growth potential in industries like telecoms, digital tech, and agriculture to stimulate economic activity.
  • The need for faster payment systems in Africa was stressed by John Bosco Sebabi to improve transparency and ease of doing business.
  • Standard Bank Group CEO Sim Tshabalala discussed leveraging the G20 Summit to attract investment into infrastructure projects in Africa, noting the continent requires around $160 billion annually for infrastructure development.

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