{"id":420940,"date":"2011-05-07T20:46:51","date_gmt":"2011-05-07T20:46:51","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/07\/botswanas-central-banker-challenges-leaders-on-development\/"},"modified":"2011-05-07T20:46:51","modified_gmt":"2011-05-07T20:46:51","slug":"botswanas-central-banker-challenges-leaders-on-development","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/07\/botswanas-central-banker-challenges-leaders-on-development\/","title":{"rendered":"Botswana’s Central Banker Challenges Leaders On Development"},"content":{"rendered":"
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\"Vanguard<\/a><\/p>\n

7 May 2011<\/p>\n

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Cape Town \u2014 Governor of Bank of Botswana Linah Mohohlo has advised African countries to begin to build blocks across the continent to boost their fortunes.<\/p>\n

Mohohlo spoke at the closing session of the World Economic Forum for Africa which ended in Cape Town, South Africa, on Friday.<\/p>\n

The apex bank governor said there was no more place for complacency, adding that effective leadership, good governance and macro-economic stability were essential for the continent to move forward.<\/p>\n

She said investors eyeing African countries would only put their funds in places where their investments were safe and opportunities exist and urged African leaders to make their countries more conducive to attract them.<\/p>\n

Mohohlo charged African countries to also be welcoming and not xenophobic in a bid to attract global capital that will boost their economies.<\/p>\n

“As we go home, there is increased need for new conditions and benchmarks that will be in line with international standards,” she said.<\/p>\n

Timothy Flynn, Chairman KPMG International, USA, who was also a co-chair of the forum, said roadmaps on how to move the continent forward have already been put in place.<\/p>\n

He tasked governments across Africa to work with the private sector to enable the continent capitalize on the opportunities available in the continent.<\/p>\n

Flynn also urged African governments to intensify the fight against corruption.<\/p>\n

Mr Wale Tinubu, Group Chief Executive Officer of Oando, said the forum had shown an alignment on what was needed to deliver on promises in the continent.<\/p>\n

He said Africans needed to put themselves together and play a leading role in the quest for development as foreign assistance could only be complementary.<\/p>\n

Tinubu said that the forum had also restated the need for peace and stability as pre-requisite for development across the continent and charged leaders to increase efforts at enhancing peace.<\/p>\n

He also emphasized the need to break down trade barriers across the African continent while also improving infrastructure to ease movement across the continent.<\/p>\n

The Southern Africa correspondent of the News agency of Nigeria (NAN) said participants at the Forum, which run from May 4 to May six, reviewed the economic, political and social situations in the continent and efforts needed to move it forward.<\/p>\n

The next session of the Forum is expected to hold in Ethiopia in 2012. (NAN)<\/em><\/p>\n

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\nMore News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n

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Original post:
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7 May 2011 Cape Town \u2014 Governor of Bank of Botswana Linah Mohohlo has advised African countries to begin to build blocks across the continent to boost their fortunes. Mohohlo spoke at the closing session of the World Economic Forum for Africa which ended in Cape Town, South Africa, on Friday. The apex bank governor said there was no more place for complacency, adding that effective leadership, good governance and macro-economic stability were essential for the continent to move forward<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-420940","post","type-post","status-publish","format-standard"],"yoast_head":"\nBotswana's Central Banker Challenges Leaders On Development - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/07\/botswanas-central-banker-challenges-leaders-on-development\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Botswana's Central Banker Challenges Leaders On Development - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"7 May 2011 Cape Town \u2014 Governor of Bank of Botswana Linah Mohohlo has advised African countries to begin to build blocks across the continent to boost their fortunes. 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