Panel – Opportunities and challenges: Asia and Africa offer both

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Session recap

The glass is half-full — and getting fuller

The African continent is home to 17 countries that are among the fastest-growing economies in the world — and as for Asia, China is Africa’s biggest foreign investor.

In China, a middle class that did not exist a decade ago is now 1.5 times the size of that of the US. Steve Papermaster of Powershift Group notes that Starbucks calls China its second home — and this is a country that prides itself on drinking green tea. Economic reports predict everything from fast growth to medium growth, but China won’t be seeing anything akin to slow growth over the next decade. China is moving beyond the days of partnering with major players and is now developing world-class business leaders that are turning into powerhouse global brands. For example, Alibaba is an internet behemoth on the move — with more to come. 

And business is booming in Asia beyond Mainland China: India’s new pro-business  prime minister is committed to an  “open for business” makeover,  and the gambling industry in Macau is now seven times larger than that in Las Vegas.
 

Panel chair

 

EY - Patrick Winter

Patrick Winter
Asia-Pacific Deputy Area Managing Partner
EY

 
Panel members

EY - Austin Okere

Austin Okere
Founder and Chief Executive Officer
Computer Warehouse Group Plc

 

EY - Steve Papermaster

Steve Papermaster
Chairman & CEO
Powershift Group
Entrepreneur Of The Year 1996 US

 

EY - Tan Sri A K Nathan

Tan Sri A K Nathan
Group Managing Director
Eversendai Corporation Bhd
Entrepreneur Of The Year 2008 Malaysia

 

EY - Aigboje Aig-Imoukhuede

Aigboje Aig-Imoukhuede
First Vice President, Nigerian Stock Exchange (NSE)
Former CEO, Access Bank Plc
Entrepreneur Of The Year 2012 Nigeria