For the first time in recent economic history, the aggregate prices of commodities have fallen, but overall GDP has remained constant, suggesting that the growth in the continent is due to other factors. The engine is likely a mix of consumer spending and foreign investment.
This lively exchange, along with discourse on due diligence, risks and the overall potential of the future of Africa occurred at a recent panel event hosted by the PAN Africa Network.
The event titled “PE and Infrastructure in Africa,” featured James A. Newlands, senior partner at Ernst & Young LLP, Delilah R. Rothenberg, managing director of Development Capital Strategies, LLC; Andrienne Payson, partner at DLA Piper and Dianna Raedle, CEO of Deer Isle Capital. Dan Keeler, Frontiers Markers editor at The Wall Street Journal, moderated the panel.