Buss: Long-term investments key for sustainable development in Africa

The Chief Executive of Absa International, Cheryl Buss, emphasized the importance of long-term investments for sustainable development in Africa during a recent interview at the World Economic Forum in Davos. Buss highlighted the growing interest in investment and trade opportunities on the continent, particularly in key sectors such as energy, agriculture, and artificial intelligence. Despite the potential for growth, she acknowledged the challenges that come with these opportunities and the need to address them effectively. Buss also discussed the significance of harnessing Africa's resources for the global transition to clean energy and the development of local supply chains to promote self-sufficiency. Furthermore, she pointed out the increasing interest in Africa from regions such as China, the Middle East, the UK, the EU, and the US, underscoring the geopolitical motivations behind this attention and the potential for mutual benefits for both Africa and its international partners.