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Business News of Saturday, 5 September 2020

Source: Contributor, Moses Owopade

Economic growth: ISG to collaborate with African leaders

Mr. Steven Tuinstra Mr. Steven Tuinstra

The Chief Executive Officer of ISG & Partners, Mr Steven Tuinstra has
expressed the readiness and commitment of his organisation to compliment the
effort of African leaders in ensuring economic growth on the continent.

Mr Tuinstra believes that with the enormous resources in Africa and the capacity of its citizens the continent only requires partnership from development oriented organization to maximize the potential.

The ISG & Partners CEO noted that most African leaders are adequately
prepared to change the fortune of their various countries but are limited in
financing to actualize their objectives. He said having lived in Africa for no less than 2 decades he can confidently declare that the leaders are indeed focussed and are willing to improve on the economy of their nations.

He promised that ISG & Partners across the world will extend their financial capacity to improve the economic growth on the continent.

According to the ISG & Partners CEO, to create economic growth we have to
start with the infrastructure such as transport and energy. For example 600
million people in Africa still have no access to electricity. Investing in health care makes no sense at all as long as the ordinary people do not have the money to use it. The people who can afford it go abroad.

He continues, the Chinese government has lifted 800 million people out of
poverty in 10 years. We can also make this happen in Africa. As a direct result of infrastructure development, entrepreneurs have the opportunity to start a new business and need staff to do so. On this way you will create jobs and prosperity in Africa so that the ordinary people can also go to the hospital when they have health complaints, and then the time is also right to invest in health care.

Mr Tuinstra identified quality power supply, good roads, functional rail way
services and effective air ports as areas that can expedite economic
advancement, he said good railway services will enhance cheap and good
movement of both goods and services on the continent.

Mr Tuinstra noted that Africa has got quality people, good climatic condition and education that can improve and increase wealth on the continent.

Finally, according to the ISG & Partners CEO, the need for young Africans to
immigrate to other continents will diminish when they can find a good job with prospects in their own country.