Vibrant private sector key to Africa’s economic growth

A vibrant private sector could drive Africa’s quest to becoming the most productive continent in the world.

According to Prof. Daniel Tarus, an associate professor of Finance at Moi University, private business entities currently generate 70% of Africa’s output and provide 90% percent of its employment.

While speaking at the 12th Africa Resource bank conference in Nairobi, Prof. Tarus says this can be achieved if Africa decides to utilize its position as one trading bloc through integrating businesses.

He adds that governments should provide a conducive environment for the private sector to thrive through lowering the cost of doing business.

The conference is being held under the theme, “African’s productivity in the 21st century: The missing link.