Think long term to fix Africa - Tony Elumelu tells African leaders

This is what Chairman of the United Bank for Africa, Tony Elumelu had to say at the World Economic Forum in Durban, South Africa.

Think long term to fix Africa - Tony Elumelu tells African leaders

Speaking at the opening plenary of the ongoing World Economic Forum in Durban, the Nigerian banker minced no words in laying the fault of Africa’s slowed growth at the feet of its leaders.

“The people who grow economies are SMEs, entrepreneurs. What entrepreneurs need to succeed is that the business environment is right. The environment is stifling, they have to provide their own water, their own transport, their own electricity, how are they going to succeed? “

“The truth is our leaders know what should be done. But they fail to do what is right. Some leaders are short-term in orientation and do not think about how they will be remembered beyond today. If leaders think in the long-term they will start to fix Africa.”

At the same plenary, Lindiwe Mazibuko, a South African politician mooted a redefinition of African leadership.

“Africa has a leadership vacuum … The current crop of Africa’s leaders have failed to deliver, yet we’re asking what these same leaders can do to make it better.”

“We need a different line of understanding of what leadership in an African society is, beyond politics and business, into the non-profit, into civil society, into churches, schools, communities. We need to redefine leadership”

The  27th World Economic Forum on Africa is being held under the theme of “Achieving Inclusive Growth through Responsive and Responsible Leadership”

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

8 African countries where Rihanna plans to launch her luxury Fenty Beauty products

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances

Haiwezi, my wife is prettier - Omanyala turns down Huddah’s advances

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match