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Interview

OBG talks to Mustafa Bello, CEO, Nigerian Investment Promotion Commission (NIPC)
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Interview:Mustafa Bello What major trends are you seeing in the source and direction of foreign direct investment (FDI)? MUSTAFA BELLO: Despite fluctuations in capital outflows from Europe and North America following the economic crisis of 2008, they remain integral to Nigeria’s aspiration of attracting FDI flows of more than $13bn a year. Europe in particular represents an important source…
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OBG talks to Fola Daniel, Commissioner for Insurance, National Insurance Commission (NAICOM)
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Interview:Fola Daniel To what extent is there room for consolidation in the global insurance market? FOLA DANIEL: Companies will have to merge if they want to become larger and serve customers better. With a population of 1.3bn, China has 52 insurance companies, while India, with a population of 1.1bn, has 32 insurance firms. Meanwhile, South Africa has a total of 15. At present, Nigeria has…
Interview

OBG talks to Ute Menikheim, CEO for Africa, Siemens Energy
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Interview:Ute Menikheim What challenges does urbanisation pose for electricity generation, transmission and distribution? In what ways can these problems be resolved? UTE MENIKHEIM: Reliable electricity generation, transmission and distribution form the foundation of every megacity. With economies in Africa booming, cities such as Lagos, Johannesburg and Cairo require more sustainable electricity…
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OBG talks to Olusegun Aganga, Federal Minister of Industry, Trade and Investment
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Interview:Olusegun Aganga How can the country control imports while also decreasing smuggling across its borders? OLUSEGUN AGANGA: Nigeria has the potential to manufacture many products that are currently being imported. For example, tariff policies support the implementation of the country’s industrial policies by strengthening Nigeria’s manufacturing sector and increasing the contribution…
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OBG talks to Akinwumi Adesina, Minister of Agriculture and Rural Development
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Interview:Akinwumi Adesina How can food price inflation and supply shortages be avoided in the short and medium terms? AKINWUMI ADESINA: Import duties on select food items are part of Nigeria’s economic diversification strategy, given the country’s comparative advantages in agriculture. Currently, Nigeria is the largest rice importer in the world, spending N350bn ($2.2bn) on rice imports…
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OBG talks to Pfungwa Serima, CEO, SAP Africa
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Interview:Pfungwa Serima How do you view the relative efficiency of private clouds versus public or shared clouds? PFUNGWA SERIMA: Cloud computing offers a range of meaningful opportunities to emerging countries. Users are able to interact with the cloud through mobile phones, tablet PCs and other mobile devices, and it is for this reason that public cloud options are potentially the best option…
Interview

OBG talks to Emeka Ene, Chairman, Petroleum Technology Association of Nigeria (PETAN)
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Interview:Emeka Ene To what extent do local content laws in the region inhibit international growth and trade? EMEKA ENE: At first glance, local content laws can give the impression of trying to raise barriers. However, we see local content as a successful means to stimulating growth, investment and jobs. The local content drive across the region will encourage reciprocity in many countries,…
Interview

OBG talks to Manoj Kohli, Managing Director and CEO International, Bharti Airtel
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Interview:Manoj Kohli What role can infrastructure sharing play in terms of bringing down end-user costs in African markets? MANOJ KOHLI: Prices in Africa are relatively high, except in a few countries like Kenya and Tanzania. The only solution to lower end-user costs in Africa is to bring down operators’ cost structure. Currently, the major costs for operators are networks, towers and fibre-optic.…
Interview

OBG talks to Sunny Verghese, Group Managing Director and CEO, Olam International
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Interview:Sunny Verghese What are the biggest challenges to vertical integration in Africa’s agricultural sector? SUNNY VERGHESE: Farmers face several challenges in the upstream part of the value chain, including lack of credit and knowledge, logistics constraints and adequate access to markets. The lack of credit to smallholders has resulted in long periods of underinvestment in farms. However,…
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OBG talks to Laurent L Philippe, Group President of Central and Eastern Europe, Middle East and Africa region, Procter & Gamble
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Interview:Laurent L Philippe What can be done to improve formalisation in distribution and retail chains? LAURENT L PHILIPPE: The shift of fast-moving consumer goods’ (FMCG) geographic footprint in emerging markets is driven by rapid social, economic and demographic development. Modern trade in sub-Saharan Africa is rapidly developing with recent entrants to the formal retail landscape like…