Africa committed to creating right environments for private enterprise: Zuma

African governments are committed to continue creating enabling environments for private sectors in their respective countries to operate and expand‚ South African President Jacob Zuma says.

He told an African Union fundraising dinner in Sandton on Saturday evening that Africa’s business entities were making a mark globally in certain areas.

These included power and energy‚ telecommunications‚ infrastructure and construction‚ food and agro-processing‚ mining‚ banking and financial services‚ tourism and hospitality industry‚ and the services industry in general.

African business leaders were also changing and transforming the continent’s financial markets‚ listing not only in the stock-exchanges of their own countries but also cross-listing in the exchanges of other fellow African countries‚ and beyond the continent’s borders.

“This is one example of contributing to pan-Africanism and African renaissance‚” Zuma said.

“Furthermore‚ as a rule rather than an exception‚ we look forward to the period when African companies control and own major stakes in reputable and large companies outside our continent.

“This scenario will reflect a part of the Africa of the future‚” the South African president said‚ adding that the business sector was a critical roleplayer in the story of the rising Africa.