Should the SA government lend money to Zim?
Yes
No



Have your say
Chat on the Business in Africa forums with other readers about the issues of the day, affecting Africa.
Post your comment...

Calculate the latest currency rates for Africa and world currencies
Find out more...




DR MANU CHANDARIA
Private sector needs to come to the party
Posted Thu, 03 Mar 2005

Kenyan industrialist Dr Manu Chandaria says business leaders have to be ready to confront Africa�s leadership if sanity is to be brought back to the political systems of most African countries. He wants business leaders to be bold and speak out against politicians if positive change is to take place. By Patrick Mwangi

Unless and until governments and the private sector in Africa sit together to seek solutions to problems, real growth is not going to take place.

�If the private sector does nothing to confront these issues, in 20 years it will have lost sight of the fact that it too needs to change and adapt to a rapidly changing world,� said Kenyan tycoon Dr Manu Chandaria at the recent Eskom African Business Leaders Forum (EABLF) in Johannesburg, South Africa, where he was one of the key speakers.

Dr Chandaria, 75, is the chairman of the Comcraft Group of Companies, a family chain of businesses that spans 40 countries, employing thousands of people and grossing hundreds of millions of dollars in revenue. He is a past chairman of the Kenya Association of Manufacturers, an industrial lobby group of industrialists, and currently chairs the Kenya Private Sector Alliance, an umbrella body bringing together 200 private sector organisations.

Declaring the 21st century the century for Africa, Dr Chandaria termed the EABLF a �tremendous achievement,� describing it as a platform to create future leaders and saying it stood out because it was a �total African initiative.�

The EABLF was organised by Business in Africa magazine, and sponsored by Eskom Holdings Limited, MTN, Honeywell, National Ports of South Africa, and South African Broadcasting Corporation.

Dr Chandaria says the biggest problem in Africa today is poverty, which cannot be reduced if wealth is not created. He laments that despite the private sector being the engine for economic development, creation of wealth and employment, � in reality, more often than not the private sector is able to do little more than look after its own interests by manouvering to make the best of whatever situation it finds itself in and movement forward is no more than half-hearted.�

He decries the dominance of politics in the body politic of Africa. �Politics is so dominant that the economy has never been given a chance,� he says, noting that while there was politics in developed countries, it did not play as much a role at centre stage as it did in African countries.

He wants the private sector to create umbrella bodies to develop the capacity to articulate crucial issues as stakeholders and anticipate when policies were being planned. �The order of the day has been that the Government simply pronounces policies and very often creates more controls and impediments,� he said. �More often than not, rather than facilitating business, such pronouncements force the private sector to waste valuable time finding solutions, repairing damage done to the business environment, or trying to convince Government that certain things must be changed.�

Turning to Kenya, Dr Chandaria highlights the Kenya Government and private sector�s new partnership, called the National Economic and Social Council and chaired by the country�s president, Mwai Kibaki. He said that the new government had made clear they wanted an umbrella body for joint formulation of policy. �So we sat together and worked out a methodology of change so that we maintained a continuous state of responsible dialogue with Government.�

He said despite the fact that people were feeling disillusioned after the high expectations that followed the massive electoral victory of the Government in 2002, a lot of good was being done.�The question is how we can capitalise on that good.�

He lauds the Kenya Government for trying to create a corruption free system, reform the public service, and end political wrangling. �If they can put this right, nothing can stop Kenya from attaining its original leadership. Remember that Kenya has always led amongst its neighbours.�






Economic Statistics
Click here for the latest economic statistics graphs.
Find out more...


Special book offer
A new book by Eskom's Reuel Khoza on how to enhance performance of state-owned enterprises.

Buy this book now!


Market news on your cellphone
Get live JSE listed shares, warrants, major indices, brent crude oil, international markets, agricultural futures & daily market analysis via SMS on your mobile.
Find out more...


Energy in Africa
Energy in Africa is an intelligent and in-depth look at how energy impacts people, places, projects, price and development around the African continent. It is the first pan-African bilingual publication in both English and French in Africa, published quarterly.
Subscribe now...


Eskom leaders forum
African business and public sector leaders define and construct a prosperous future for the continent.
Find out more...


Online travel bookings
Planning to travel? Book accommodation in Africa & South Africa here.
Book now...



Financing Black Empowerment Partnerships 2006
27 February � 3 March 2006.

Sandton Convention Centre, Johannesburg, South Africa
Click here for more


�Current Edition
��Subscribe to:
�� Print magazine
�� Digital edition
�� Energy in Africa





Employee E-Mail | Contact us | About us | Newsletter | Subscription centre | Advertising

All material copyright Business in Africa. All rights reserved. Material may not be published or reproduced in any form without prior written permission. Read these terms & conditions. Read our privacy statement and security statement. Powered by Mail & Guardian Online & iafrica.com.