Thursday, July 14, 2011

PWC: African governments becoming more accommodating

Nairobi - A survey of chief executives in 10 African countries has found that businesses in Africa enjoy more freedom and governments are more attentive to the private sector than in previous years.

The survey, released on Thursday by PricewaterhouseCoopers (PwC), included 201 business leaders from a broad cross-section of industries from both local and expatriate businesses.

Philip Kinisu, a top official with PwC in Kenya, said that the private sectors in Kenya, South Africa, Nigeria and Rwanda are actively participating with governments on strategic planning.

The survey found that chief executives are generally optimistic about economic growth in Africa; more than 60% expect their business to grow in the next 12 months.

Source: Fin24