"Poor countries are doomed to stay poor." That's a myth Bill Gates passionately debunks. The founder of Microsoft and, today, co-founder – with his wife Melinda – of the Bill and Melinda Gates Foundation, Gates has released a letter that explains why pessimism about the future of poor countries holds back their development.
With #MiningIndaba trending on Twitter, the first full day of the 20th Investing in African Mining Indaba in Cape Town focused on transparency in the industry, and on the scramble for Africa's resources – the continent accounts for 30% of mining resources in the world, much of it untapped.
South Africa has the capacity to stimulate economic growth by enhancing infrastructure development both at home and in the rest of Africa, through its National Infrastructure Plan, writes Brand South Africa deputy chairperson Happy Ntshingila.
South Africa is actively involved in the economic integration and development of Africa, building much-needed regional infrastructure, promoting the continent's interests on the global stage, and forming partnerships and free trade agreements with other African countries.
African trade efficiency is set for a major boost when three regional economic communities sign an agreement in June to establish an enlarged free trade area encompassing 26 countries – roughly half of the member states of the African Union, stretching from Cape to Cairo.