26 abr 2017
Doing Business Africa

CEOE and Casa Africa (Africa’s House) presented the report from the World Bank titled “Doing Business”

African countries have reformed their legislation to enable entrepreneurship and investment.

Antonio Garamendi, Vice president of CEOE and President of CEPYME, presented today at CEOE’s headquarters the findings of the report Doing Business 2017, which assesses the effort made by different countries to enable entrepreneurship and investment through a thorough measurement of numerous indicators. The event was attended by the director of the Group of Global Indicators of the World Bank Group, Augusto López-Claros and the General Director of Casa Africa, Luis Padrón. Other attendees included representatives from the 15 African embassies with presence in Spain and more than 50 representatives from the business world.

The Vice president of CEOE, Antonio Garamendi with General Director of Casa Africa, Luis Padrón
The Vice president of CEOE, Antonio Garamendi with General Director of Casa Africa, Luis Padrón — ©CEOE

The Vice president of CEOE, Antonio Garamendi, highlighted the positive evolution of the business climate in Africa as an essential element for the creation of a local productive business network and the reactivation of private investment. He talked about the satisfaction among Spanish entrepreneurs over the fact that investment was recognized by the African Union (AU) in its Agenda 2063 as an indispensable element to achieve an increase in productivity and improve health and education.

Garamendi insisted on the need for private resources in order for the African continent to face the existing challenges in infrastructures. In fact, "an annual investment of US $ 42 billion is estimated for infrastructures to be ready by 2040," he said. To this end, he referred to the experience of Spanish companies, leaders in this sector, as well as sectors such as engineering, the environment, digitization or energy, and which could contribute greatly to the continent’s development and economic growth.