Companies to Inspire Africa - PwC comments

Published at 09:29 AM on 31 March 2017

Speaking at the launch event for Companies to Inspire Africa, a London Stock Exchange Group report produced in partnership with PwC, African Development Bank Group, and CDC Group, Warwick Hunt, Chief Operating Officer and Managing Partner, International, at PwC commented:

Companies to Inspire Africa clearly shows that there is a proliferation of fast growing, innovative and dynamic private businesses in Africa. These organisations have a real opportunity to help change the markets, economies and communities they touch, not just within their local borders, but well beyond them.

“These innovative businesses are able to utilise new technologies, such as the cloud, that are less dependent on substantial physical infrastructure, enabling them to leapfrog developments elsewhere.  We are seeing development of new products and services that are more accessible and manageable, such as secure mobile applications that bring banking to remote communities for the first time, creating new ways for people to interact financially with each other and financial institutions. Solutions like this reduce cash based transactions and help grow formal economies with all of the tax and fiscal benefits this brings – enabling governments to invest in much needed areas such as infrastructure and education, fuelling longer term growth and development across the continent.”

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