Wednesday, September 21, 2011

Absa CEO optimistic about Africa

By Khanyisa Tabata
21 September 2011

Absa group CEO Maria Ramos says Africa and Asia can be the future of the global economy.

Speaking at a leadership summit in Johannesburg, Ramos said global economy was slowly shifting from Europe and North America to Africa and Asia.

One of the advantages Africa has over developed economies is its demographic transformation, with its rapid urbanisation, growing youth and rapid population growth.

Ramos says a growing population implies a greater demand for goods and services.

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