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Africa is moving fast: 7 out of 10 of the world’s fastest economies are in Africa. But the tragedy of the African continent is we export our wealth. Intra-Africa trade, if you look at the sub-Saharan region, is a mere 7 per cent, so as Africans we do not trade amongst ourselves. If you compare the intra-European trade, it’s an excess of 70 per cent, intra-Asia trade is an excess of 55 per cent.

Clearly as Africans, to compete we need the roads and rail, telecommunications and urban environments that stimulate and ensure trade.

– Ozwald Boateng spoke on the sidelines of a $500 million infrastructure fund in collaboration with the African Development Bank.

Quote via Ventures Africa & image courtesy of Ozwald Boateng

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