Africa Must Not Prioritise Foreign Businesses Over Indigenous Enterprises – Kofi Annan

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Dr Kofi Annan, former United Nations (UN) Secretary-General, has advised African governments and state institutions not to give undue advantage to foreign businesses at the expense of indigenous businesses.

He said they should create an enabling environment that would allowed the home-grown businesses to thrive, saying; “government cannot do it alone”.

According to him, if the local businesses had incentives, it would encourage foreign businesses to invest in the national economies of African countries.

“Businesses include all the small and medium-scale enterprises because they have important roles to play… they are the ones that create a lot of jobs and they should be supported,” he said.

Dr Annan said this when he interacted and answered questions from a section of the public at a fundraising ceremony organised by the Mfantsipim Senior School Old Boys Associations (MOBA) in Accra.

The Former UN Secretary-General said businesses had influence on the communities they operated in, as well as over politicians and so they should use their influence to improve the lot of the people.

The astute international diplomat said in spite of some challenges with some African countries’ democratic credentials, he had hope in the younger generations.

“With the general wind of change blowing, the youth are determined to make a change and contribute to the progress of the society,” he added.

 

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